Sensex, Nifty eke out tepid gains; Jio Financial surges 5%, Adani Ports 2%

Closing Bell on August 29, 2023: The broader markets, however, held firm gains with the BSE MidCap and SmallCap indices settling 0.45 per cent and 0.69 per cent higher, respectively

11:26 AM

ALERT :: Gensol Engg freezes at 5% upper circuit on order win worth Rs 102 crore

>> The company has won maiden two turn key international Solar Engineering, Procurement, and Construction (Solar EPC) projects in Dubai with Dubai Government Workshop Warehouse and Dubai Police.

>> Aggregating to a capacity of 14.08 MWp, these projects have a cumulative order value of Rs 101.6 Crores, without taking taxes into account.

11:16 AM

Growth concerns weighing on Nykaa's stock; it may be a blip though

The company is optimistic about growth in Q2, given strong July trends. Analysts continue to see high long-term growth prospects in an under-penetrated e-commerce landscape. The management is focused on high-margin categories like women’s wear, bags, etc, and scaling up its own brands. READ MORE

11:05 AM

PG Electroplast soars 14% as Rs 500 cr QIP issue opens

The board of PG Electroplast on Monday, August 28, approved the floor price of the QIP, being Rs 1641.09 per equity share. The company further said, a meeting of the board shall be held on Friday, September 01, 2023 to inter alia, consider and determine the issue price of equity shares to be issued pursuant to the QIP, including any discount on the floor price. READ MORE

10:54 AM

ALERT :: Capacite Infra JV bags order from RVNL for Rs 575 crore

>> It is an EPC project in Maldives to be completed within 18 months

>> Capacite Infraprojects has 51% share in its JV with Mohan Mutha Exports

10:44 AM

ALERT :: Parag Milk Foods appoints 9 managerial personnel

These include:

1) Bheemanappa Manthale: President – plant operations
2) Gajanan Patil: GM Operations
3) Binod Das: Head of Sales
4)  Lakshya Rastogi: Head of Modern Trade Business
5) Biswajit Mishra: Sr. VP -- Finance
6) Anand Sharda: GM -- Finance
7) Amol Sawant:  GM -- Finance
8) Abhinav Gupta: Head of Strategic Projects
9) Vivek Rathod:  Head of Business Intelligence, Transformation, Analytics & Assurance

Click here for their detailed profile

10:34 AM

ALERT :: Power Mech Projects incorporates SPV called Kalyaneswari Tasra Mining

10:24 AM

ALERT :: Som Distilleries gains 4% on nod to supply beers to Chhattisgarh

10:14 AM

Large Trade :: Bharti Airtel trades as top laggard on Sensex after 0.16% equity changes hands

10:03 AM

Gokaldas Exports hits 20% upper circuit on Atraco acquisition

Atraco operates with a network of four manufacturing units in Kenya and one in Ethiopia producing about 40 million garments annually. Their product range includes shorts, pants, shirts, t-shirts, blouses and dresses catering across age groups. READ MORE

9:51 AM

ALERT :: Tata Power Renewable Energy signs PDA for 4.4 MW

>> Tata Power Renewable Energy Limited, a subsidiary of Tata Power, signed a Group Captive Power Delivery Agreement (PDA) for 4.4 MW AC with the ANAND Group, a global automotive systems and parts industry leader.

>> TPREL will facilitate the generation of 10 million units of clean energy

>> The project is expected to eliminate ~5,500 tonnes of carbon emissions annually
 

9:41 AM

HFCL sees sudden uptick; Co fixes Rs 68.6/share as floor price for QIP

The company has launched its fund raising programme via qualified institutional placement (QIP). The Fund Raising Committee has fixed the floor price for the QIP as Rs 68.61 per equity share. The company may, at its discretion, offer a discount of not more than 5 per cent on the floor price, it added. The Board will meet on August 31, 2023, to fix the issue price of the offer. 

9:36 AM

Indiabulls Real Estate appoints Atul Chandra as COO; stock advances 3.5%

The Board has approved the appointment of Atul Chandra, who is presently the senior vice president of the company, as the chief operating officer (COO) w.e.f. August 28, 2023.

9:34 AM

Indiabulls Housing Finance down over 1% after 10.5% rally on Monday

>> Stock is in F&O ban today

>> The company has repaid Rs 1,112.5 crore of bonds, which was availed in August 2013. 

9:32 AM

SJVN rises 3% on bagging solar power project from Assam Power Development Corporation

SJVN Green Energy, a wholly-owned subsidiary of SJVN, has received Letter of Awards from Assam Power Development Corporation Limited (APDCL) for three solar power projects of cumulative capacity 320 MW. The tentative cost of construction/development of these 320 MW projects is around Rs 1,900 crore.

9:30 AM

Gokaldas Exports zooms 13% on acquiring Atraco Group

Through its wholly owned subsidiaries, the company has entered into an agreement to acquire Atraco Group (Atraco) for $55 million, a leading manufacturer of apparel with a strong market position and customer relationships across the US and Europe. The transactoon is expected to be closed by Q3-FY24 (Oct-Dec 23).