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IDFC First Bank shares were up 5.85 per cent at Rs 61.50, outperforming the Sensex.
Shares of IDFC First Bank rose as much as 7.4 per cent to hit fresh 52-week high of Rs 62.40 on the BSE a day after the bank announced that its board of directors have approved raising funds by issuing equity shares or other equity linked securities. The bank plans to raise Rs 3,000 crore as its board noted strong outlook for economic recovery in India. The Board at its meeting held today noted the significant opportunities for growth of the Bank based on the strong capabilities the Bank has built and the strong outlook for economic recovery in India, and has approved raising of funds for an amount aggregating up to Rs 3,000 crore, in one or more tranches, IDFC First Bank said in a statement.
Ambuja Cements reported 23.64% rise in consolidated net profit to Rs 732 crore on 5.55% rise in net sales to Rs 7350 crore in Q4 December 2020 over Q4 December 2019.
The board of directors of ACC has approved the renewal of the existing Master Supply Agreement (MSA) with Ambuja Cements (ACL) for a period of 3 years w.e.f. May 02, 2021, on the same terms of the existing MSA Agreement.
DLF said its material subsidiary DLF Cyber City Developers (DCCDL) has completed the acquisition of this 51.8% stake at a consideration of Rs 779.40 crore and consequently Fairleaf has become a wholly owned subsidiary of DCCDL with effect from 18th February 2021.
Domestic indices declined for fourth consecutive session on Friday. Rising COVID-19 case and mixed global cues triggered profit selling in domestic shares. The Nifty ended below the 15,000 mark. Banks, metals and pharma shares tumbled.
As per the provisional closing data, the barometer index, the S&P BSE Sensex, dropped 434.93 points or 0.85% at 50,889.44. The Nifty 50 index lost 137.2 points or 0.91% at 14,981.65.
Selling was broad based. The S&P BSE Mid-Cap index slipped 1.48% while the S&P BSE Small-Cap index fell 0.56%.
Sellers outnumbered buyers. On the BSE, 1,206 shares rose and 1,750 shares fell. A total of 175 shares were unchanged.
Foreign portfolio investors (FPIs) bought shares worth Rs 903.07 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,217.34 crore in the Indian equity market on 18 February 2021, provisional data showed.
The shares of IDFC FIRST Bank Limited hit fresh highs on Friday after its Board of Directors approved raising of funds for an amount aggregating up to ₹3,000 crore.At 12:20 pm, it was trading at ₹64.9