On March 23, the Sensex closed 289.31 factors decrease at 57,925.28 and the Nifty ended 75 factors down at 17,076. About 1,424 shares superior, 1,989 shares declined and 125 shares remained unchanged in one more unstable session.
Hindustan Aeronautics | CMP: Rs 2,504.75 | HAL shares closed 4.6 p.c decrease after the federal government’s provide for a 3.5 p.c stake sale within the defence firm opened on March 23. The stake sale is valued at Rs 2,867 crore and the federal government has set a flooring worth of Rs 2,450 apiece, which is at a 6.6 p.c low cost from the earlier shut.
Vedanta | CMP: Rs 270.9 | The shares settled 5 p.c decrease. Reviews mentioned that chairman Anil Agarwal was contemplating a minority stake sale within the firm, a declare the agency denied. In line with media studies, Agarwal was seeking to promote lower than 5 p.c within the firm to scale back the numerous debt load of his commodities enterprise empire. The transfer can be a final resort and solely thought of if different fundraising choices failed, it added. The corporate mentioned the report was baseless.
Asian Paints | CMP: Rs 2,800 | Asian Paints shares have been down 1.4 p.c after Jefferies mentioned any potential tailwind from enter worth deflation is a chance to promote the inventory. Competitors from Grasim is about to emerge in simply 12 months, which clouds the medium-term progress outlook for Asian Paints, the brokerage agency mentioned.
HG Infra Engineering | CMP: Rs 813.65 | The inventory ended over 5.16 p.c greater after the corporate was declared because the lowest bidder (L-1 bidder) by the Nationwide Highways Authority of India (NHAI) for a Rs 764.01-crore mission in Jharkhand.
GR Infraprojects | CMP: Rs 1,024 | GR Infraprojects share worth closed 6 p.c greater after Dibang Energy consortium, a three way partnership between GR Infraprojects and Patel Engineering, bagged initiatives in Maharashtra and Arunachal Pradesh. The price of the mission is Rs 3,637.12 crore and GR Infraprojects’ share within the contract is 50 p.c.
International Surfaces | CMP: Rs 171.05 | The inventory attracted good curiosity from buyers on its itemizing because it made its debut at a 17 p.c premium to its problem worth. The shares settled 22 p.c greater.
Coromandel Worldwide | CMP: Rs 891 | The corporate which is into fertilisers and crop-protection chemical compounds, mentioned it will diversify into speciality and industrial chemical compounds, pushing up the inventory by 2.7 p.c above the earlier shut.
Anupam Rasayan | CMP: Rs 852.35 | The corporate has signed a letter of intent price Rs 984 crore for the following six years with a Japanese firm to provide new-age advance intermediate for all times science lively ingredient. The share ended 2.9 p.c greater.
Burnpur Cement | CMP: Rs 4.70 | Burnpur Cement has entered right into a second extension and modification settlement with UltraTech Cement to increase and amend the phrases and situations of the Offtake Settlement and the First Extension Settlement entered earlier between the 2 sides. The inventory closed 18 p.c greater.
RPP Infra Initiatives | CMP: Rs 43.55 | RPP Infra Initiatives Restricted settled 11 p.c greater after its JV with M/s O P Gupta Contractor obtained a letter of acceptance for a Rs 170.89-crore mission.