Stock Market Highlights: Sensex ends flat at 78,472, Nifty at 23,750; Auto, pharma shares shine
Markets Today Highlights: 31 out of the 50 constituent stocks of the Nifty50 ended in the green, led by Adani Ports, Shriram Finance, Mahindra & Mahindra, Maruti Suzuki India, and SBI Life Insurance
 "The average daily trading volume (ADTV) for the futures and options segment climbed to a new record high of Rs 537 trillion in September, rising 7.2 per cent on a month-on-month basis. The ADTV for the cash segment, however, fell nearly 4 per cent to")
2:31 PM
The company, in an exchange filing, said, "The Board of Directors has declared and approved Interim Dividend of Rs. 2 (100%) per equity share of Rs. 2 each for the financial year 2024-25. With reference to Company's letter dated 20" December 2024 and pursuant to Regulation 42 of the Listing Regulations, the Company has fixed Friday, 3 January 2024 as the record date for determining entitlement of Members for payment of Interim Dividend for FY2024-25."
The company added: "Subject to approval of Members of the Company, the Board has proposed to issue Bonus Shares to its equity shareholders in the proportion of 3: 1, i.e. 3 new fully paid-up equity share of Rs. 2each for every 1 (One) existing fully paid-up equity share of Rs. 2 (Rupees Two) each."
The company's board has further proposed to increase the authorised share capital , and alter the memorandum of association of the company.
The company said, "Subject to approval of Members of the Company, the Board has proposed to increase the authorised share capital of the Company from the present Rs. 30,02,00,000divided into 15,00,50,000 Equity Shares of Rs. 2 each aggregating Rs 30,01,00,000 & 50,000 Preference Shares of Rs. 2 cach aggregating Rs. 1,00,000 to Rs. 1,12,01,00,000 divided into 56,00,00,000 Equity Shares of Rs. 2 each & 50,000 Preference Shares of Rs. 2 each by the creation of additional 40,99,50,000 equity shares of Rs. 2 each, ranking pari-passu in all respect with the existing Equity Shares of the Company."
Stock Market LIVE Updates: Redtape board approves interim dividend of Rs 2, proposes bonus issue in 3:1 ratio
Stock Market LIVE Updates: Redtape today informed that its board of directors has approved an interim dividend of Rs 2 (100 per cent) for FY25 and set January 3 as the record date for determining entitlement for the same, apart from proposing a bonus issue of shares in the ratio of 3:1.
The company, in an exchange filing, said, "The Board of Directors has declared and approved Interim Dividend of Rs. 2 (100%) per equity share of Rs. 2 each for the financial year 2024-25. With reference to Company's letter dated 20" December 2024 and pursuant to Regulation 42 of the Listing Regulations, the Company has fixed Friday, 3 January 2024 as the record date for determining entitlement of Members for payment of Interim Dividend for FY2024-25."
The company added: "Subject to approval of Members of the Company, the Board has proposed to issue Bonus Shares to its equity shareholders in the proportion of 3: 1, i.e. 3 new fully paid-up equity share of Rs. 2each for every 1 (One) existing fully paid-up equity share of Rs. 2 (Rupees Two) each."
The company's board has further proposed to increase the authorised share capital , and alter the memorandum of association of the company.
The company said, "Subject to approval of Members of the Company, the Board has proposed to increase the authorised share capital of the Company from the present Rs. 30,02,00,000divided into 15,00,50,000 Equity Shares of Rs. 2 each aggregating Rs 30,01,00,000 & 50,000 Preference Shares of Rs. 2 cach aggregating Rs. 1,00,000 to Rs. 1,12,01,00,000 divided into 56,00,00,000 Equity Shares of Rs. 2 each & 50,000 Preference Shares of Rs. 2 each by the creation of additional 40,99,50,000 equity shares of Rs. 2 each, ranking pari-passu in all respect with the existing Equity Shares of the Company."
2:19 PM
Around 11:32 AM, J&K Bank shares were up 4.82 per cent at Rs 102.85 per share on BSE. In comparison, the BSE Sensex was up 0.07 per cent at 78,528.01. READ MORE
Stock Market LIVE Updates: J&K Bank shares jump 7% after Amitava Chatterjee appointed as MD & CEO
Stock Market LIVE Updates: Jammu & Kashmir Bank shares jumped 7.4 per cent in Thursday's trade, logging an intraday high at Rs 105.44 per share on BSE. The stock gained after the bank's board appointed Amitava Chatterjee as managing director and chief executive officer of the bank for a period of 3 years to be effective from December 30, 2024.
Around 11:32 AM, J&K Bank shares were up 4.82 per cent at Rs 102.85 per share on BSE. In comparison, the BSE Sensex was up 0.07 per cent at 78,528.01. READ MORE
2:13 PM
The company, in an exchange filing, said, "We wish to inform that the Company had filed a Writ petition before the Hon’ble High Court of Karnataka against the demand and penalty orders aggregating to Rs. 180.05 crores issued by the Income Tax Department, Government of India to E-NXT Financials Limited for the assessment years 2015-2016 onwards until 2018-19. The Hon’ble High Court has disposed the case and quashed the demand and penalty orders vide order dated December 12, 2024 (received/downloaded from the High Court website on December 26, 2024)".
Stock Market LIVE Updates: Karnataka HC quashes Rs 180-cr demand & penalty order issued to Quess Corp's E-NXT
Stock Market LIVE Updates: Quess Corp today informed that the Karnataka High Courth has quased the demand and penalty orders aggregating to a total of Rs 180.05 crore, issued by the Income Tax Department, to ENXT Financials for the assessment years 2015-16 untill 2018-19.
The company, in an exchange filing, said, "We wish to inform that the Company had filed a Writ petition before the Hon’ble High Court of Karnataka against the demand and penalty orders aggregating to Rs. 180.05 crores issued by the Income Tax Department, Government of India to E-NXT Financials Limited for the assessment years 2015-2016 onwards until 2018-19. The Hon’ble High Court has disposed the case and quashed the demand and penalty orders vide order dated December 12, 2024 (received/downloaded from the High Court website on December 26, 2024)".
2:06 PM
The company, in an exchange filing, said, "We wish to inform that, We, Dhruv Consultancy Services Limited in Joint venture with Global Infra Solutions has received the Notice to Proceed with Work towards the Consultancy Services in form of Construction Supervision of Balance Cantilever Bridge ( 9m carriageway plus both sides crash barrier ) Length of 160.00 m effective span (with approach roads) at Garkhal in the state of Himachal Pradesh from the office of Director (Projects), Himachal Pradesh Road and Infrastructure Development Corporation Limited having reference No. HPRIDCL/EE(CM)/Garkhal Bridge – PMC/Vol-I/2023-2864 dated December 24, 2024 as received by the Company on December 26, 2024".
Stock Market LIVE Updates: Dhruv Consultancy gets nod to start supervision work on bridge construction in HP
Stock Market LIVE Updates: Dhruv Consultancy Services today informed that its joint venture with Global Infra Solutions has received the Notice to Proceed with Work towards the consultancy services in the form of construction supervision of Balance Cantilever bridge at Garkhal in Himachal Pradesh.
The company, in an exchange filing, said, "We wish to inform that, We, Dhruv Consultancy Services Limited in Joint venture with Global Infra Solutions has received the Notice to Proceed with Work towards the Consultancy Services in form of Construction Supervision of Balance Cantilever Bridge ( 9m carriageway plus both sides crash barrier ) Length of 160.00 m effective span (with approach roads) at Garkhal in the state of Himachal Pradesh from the office of Director (Projects), Himachal Pradesh Road and Infrastructure Development Corporation Limited having reference No. HPRIDCL/EE(CM)/Garkhal Bridge – PMC/Vol-I/2023-2864 dated December 24, 2024 as received by the Company on December 26, 2024".
2:02 PM
At 2 PM, the BSE Sensex was marginally lower by 2.14 points, at 78,470.73, and the Nifty50 was at 23,739, higher by 12.05 points, or 0.05 per cent.
Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty muted in trade
Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty50 are trading on a muted note on Thursday, in the absence of any major domestic or international triggers.
At 2 PM, the BSE Sensex was marginally lower by 2.14 points, at 78,470.73, and the Nifty50 was at 23,739, higher by 12.05 points, or 0.05 per cent.
1:50 PM
Stock Market LIVE Updates: Raymond Lifestyle up 3% as Motilal Oswal reiterates 'Buy'; 49% upside eyed
Stock Market LIVE Updates: Clothing brand Raymond Lifestyle share price saw action on Thursday, December 26, 2024, as the scrip rose up to 3.42 per cent to hit an intraday high of Rs 2,089 per share. Read more
1:43 PM
Stock Market LIVE Updates: Newgen stock surges 8% to hit new high on $2.27-mn deal win; up 46% in Dec
Stock Market LIVE Updates: Newgen Software Technologies shares hit a new high of Rs 1,725.15, as they surged 8 per cent on the BSE in Thursday’s intra-day trade after the company's wholly-owned subsidiary incorporated in Saudi Arabia received a purchase order worth $2.27 million from an international entity that it has not named.
1:38 PM
Stock Market LIVE Updates: International Gemmological shares clock all time high on BSE; here's why
Stock Market LIVE Updates: Newly listed International Gemmological Institute India (IGI) shares hit a 10 per cent upper band on BSE, logging an all time high at Rs 580.45 per share. The stock soared after the company acquired 100 per cent stake in IGI Netherlands B.V. and International Gemmological Institute BV. Read more
1:33 PM
Stock Market LIVE Updates: This smallcap stock has skyrocketed 458% in six months; up 1,878% in a year
Stock Market LIVE Updates: Shares of Vantage Knowledge Academy surged 4.98 per cent at Rs 220 a piece on the BSE in Thursday’s intraday trade. This came after the company announced plans to consider issuing bonus shares as well as interim dividend payment. Read more
1:29 PM
Stock Market LIVE Updates: IPO performance 2024: 91 public offerings raise Rs 1.59 trillion this year
Stock Market LIVE Updates: 2024 proved to be a remarkable year for the Indian primary market, led by SME issues. While India saw 91 mainline Initial Public Offerings (IPOs) raising a combined Rs 1,59,676 crore (Rs 1.59 trillion), the small and medium enterprises (SME) segment witnessed 240 IPOs collectively raising Rs 8,753 crore, according to data sourced from Prime Database. Read more
1:24 PM
Stock Market LIVE Updates: Gold vs equity vs debt: Where should you invest in 2025? Check strategy
Stock Market LIVE Updates: Wars between Ukraine-Russia and Iran-Israel, coupled with weak corporate earnings and sticky inflation, made 2024 a year of risk aversion.
Safe haven bets like Gold and Silver outperformed riskier investment bets with a surge of 25.25 per cent and 23.11 per cent, respectively, thus far in calendar year 2024 (till December 25). By comparison, equity benchmarks BSE Sensex and NSE Nifty50 have risen around 9 per cent each during this period. READ MORE
1:21 PM
The company, in an exchange filing, said, "We wish to inform you that the Board of Directors of the Company, at their just concluded meeting have approved the Appointment of Shri. Kishan Dumpeta as Chief Executive Officer of the Company in the Category of Key Managerial Personnel".
According to the company's exchange filing, Dumpeta has previously held various positions in other seed companies, including Head of Seeds Operations Strategy & Programs for APAC at Syngenta, roles in Production & Processing and Supply Chain at Advanta India Limited, and Chief Operating Officer at Nandi Seeds Private Limited etc.
Stock Market LIVE Updates: Tierra Agrotech appoints Kishan Dumpeta as CEO from December 26
Stock Market LIVE Updates: Tierra Agrotech today informed that it has appointed Kishan Dumpeta as the company's chief executive officer, effective from December 26, 2024.
The company, in an exchange filing, said, "We wish to inform you that the Board of Directors of the Company, at their just concluded meeting have approved the Appointment of Shri. Kishan Dumpeta as Chief Executive Officer of the Company in the Category of Key Managerial Personnel".
According to the company's exchange filing, Dumpeta has previously held various positions in other seed companies, including Head of Seeds Operations Strategy & Programs for APAC at Syngenta, roles in Production & Processing and Supply Chain at Advanta India Limited, and Chief Operating Officer at Nandi Seeds Private Limited etc.
1:15 PM
Stock Market LIVE Updates: KFintech gains 8%, hits new high in subdued market; zooms over 200% in CY24
Stock Market LIVE Updates: Shares of KFin Technologies, a leader in technology and fund administration solutions for asset management companies, hit a new high of Rs 1,597.10, surging 8 per cent on the BSE in Thursday’s intra-day trade in an otherwise subdued market. In comparison, the BSE Sensex was down 0.01 per cent at 78,403 at 10:45 AM.
In the past two trading days, the stock has rallied 13 per cent on the BSE, while in the past six weeks, it has zoomed 66 per cent from the level of Rs 963.55 that it hit on November 14. READ MORE
1:11 PM
The company, in an exchange filing, said, "We would like to clarify that we have come across certain rumours circulating on social media regarding a potential block deal/bulk deal involving the promoters for the sale of 438,000 shares".
It added, "We would like to categorically state that these rumours are speculative in nature, and the Company is not engaged in any discussions with any individual or group of individuals regarding such a transaction".
"The Company remains committed to making timely disclosures in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and will continue to provide accurate and transparent information to its shareholders, ensuring fair governance at all times," it further added.
Stock Market LIVE Updates: Dev Info denies market rumours about block deal sale of 438,000 shares by promoters
Stock Market LIVE Updates: Dev Information Technology today clarified that certain market rumours surrounding a potential block deal involving the sale of 438,000 shares are speculative in nature.
The company, in an exchange filing, said, "We would like to clarify that we have come across certain rumours circulating on social media regarding a potential block deal/bulk deal involving the promoters for the sale of 438,000 shares".
It added, "We would like to categorically state that these rumours are speculative in nature, and the Company is not engaged in any discussions with any individual or group of individuals regarding such a transaction".
"The Company remains committed to making timely disclosures in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and will continue to provide accurate and transparent information to its shareholders, ensuring fair governance at all times," it further added.
1:05 PM
Stock Market LIVE Updates: Ceigall India climbs 6% on signing Rs 981 cr highway project with NHAI
Stock Market LIVE Updates: Shares of Ceigall India surged up to 6.1 per cent at Rs 634.20 a piece on the BSE in Thursday’s intraday trade. Ceigall India share price gained after the company’s subsidiary Ceigall Ludhiana Bathinda Greenfield Highway signed a concession agreement with NHAI for a Rs 981 crore six-lane highway project.
The highway project entails the development of a six-lane, access-controlled Ludhiana-Bathinda Greenfield highway section of NH-754AD. This stretch connects the Moga-Barnala Road (NH-703) near the village of Tallewal to the Delhi-Katra Expressway (NE-5) near Ludhiana. READ MORE
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First Published: Dec 26 2024 | 7:32 AM IST
