Basic materials stocks were trading in green, with the S&P BSE Basic Materials index increasing 59.47 points or 1.31% at 4603.6 at 09:49 IST. Among the components of the S&P BSE Basic Materials index, Alkyl Amines Chemicals Ltd (up 7.75%), Balaji Amines Ltd (up 5.42%),National Fertilizer Ltd (up 5.4%),Hindustan Copper Ltd (up 5.3%),GHCL Ltd (up 4.23%), were the top gainers. Among the other gainers were Rashtriya Chemicals & Fertilizers Ltd (up 4.06%), National Aluminium Company Ltd (up 4.06%), Hindalco Industries Ltd (up 3.88%), Deepak Fertilizers & Petrochemicals Corp Ltd (up 3.85%), and Deepak Nitrite Ltd (up 3.85%). On the other hand, Vikas Wsp Ltd (down 4.02%), Satia Industries Ltd (down 1.4%), and N R Agarwal Industries Ltd (down 1.33%) turned lower.
Basic materials stocks were trading in green, with the S&P BSE Basic Materials index increasing 59.47 points or 1.31% at 4603.6 at 09:49 IST. Among the components of the S&P BSE Basic Materials index, Alkyl Amines Chemicals Ltd (up 7.75%), Balaji Amines Ltd (up 5.42%),National Fertilizer Ltd (up 5.4%),Hindustan Copper Ltd (up 5.3%),GHCL Ltd (up 4.23%), were the top gainers. Among the other gainers were Rashtriya Chemicals & Fertilizers Ltd (up 4.06%), National Aluminium Company Ltd (up 4.06%), Hindalco Industries Ltd (up 3.88%), Deepak Fertilizers & Petrochemicals Corp Ltd (up 3.85%), and Deepak Nitrite Ltd (up 3.85%). On the other hand, Vikas Wsp Ltd (down 4.02%), Satia Industries Ltd (down 1.4%), and N R Agarwal Industries Ltd (down 1.33%) turned lower.
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NEW DELHI: State-owned Hindustan Copper (HCL) on Thursday said it has raised Rs 500 crore through issuance of shares to institutional investors. The qualified institutions placement (QIP) of Rs 500 crore has been fully subscribed, the PSU said in a statement. The funds from the QIP are proposed to be used to fund the ongoing capex/expansion plan of the company. The QIP of HCL closed on April 12 with wide participation from diverse investors including mutual funds, insurance companies, banks and foreign institutional investors. Launched on April 7, this is the first time issuance of a central public sector enterprise to raise funds by issue of shares via QIP.