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RailTel Corporation rises for third day; stock up 85% over issue price


Shares of RailTel Corporation of India surged for the third straight day on Tuesday to hit a fresh 52-week high on the BSE amid strong investor interest on the counter. The shares of the firm which got listed on Friday, have zoomed nearly 85 per cent over its issue price of Rs 94.
The scrip jumped 19 per cent over its previous close to hit an intra-day high, also its 52-week high, of Rs 173.50 on the BSE. At 11.40 am, the stock was trading 16 per cent up at Rs 168.60 while the BSE barometer Sensex was up 0.41 per cent at 50,054 around the same time.
The trading volume on the counter was high with a combined 34 million shares having changed hands on the NSE and BSE so far.

Japan , India , Nippon , Bharat , Nippon-india-mutual-fund , Goldman-sachs-india-fund , Ministry-of-railways , Multi-cap-fund , Railtel-corporation-of-india , Railtel-corporation , Sachs-india-fund

APL Apollo, Apollo Tricoat Tubes surge up to 10% on board nod to merger


Shares of APL Apollo Tubes (APL Apollo) and Apollo Tricoat Tubes (Apollo Tricoat) rallied up to 10 per cent to hit their respective all-time highs on the BSE in intra-day trade on Monday after their boards approved the merger of Shri Lakshmi Metal Udyog and Apollo Tricoat with APL Apollo.
The stock of APL Tricoat rallied 10 per cent to Rs 1,020, while APL Tubes gained 5 per cent to Rs 1,125. In comparison, the S&P BSE Sensex was up 1.2 per cent at 49,693 points at 09:25 am.
Apollo Tricoat’s minority shareholders will receive one equity share in APL Apollo for each equity share held in Apollo Tricoat. This implies a premium of 16 per cent to the previous closing price for Apollo Tricoat’s shareholders. The merger will result in an increase of 10.8 per cent in APL Apollo’s share capital.

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NTPC snaps 4-day winning streak, declines 3% on profit-taking

Read more about NTPC snaps 4-day winning streak, declines 3% on profit-taking on Business Standard. In the last four trading sessions, the stock has risen nearly 10 per cent

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Jagran Prakashan surges 18% as firm plans to consider buyback on March 2


Shares of Jagran Prakashan surged 18 per cent to Rs 57.65 in intra-day trade on Monday after the company on Saturday informed exchanges that its board would mull buyback plan during its next Board meeting.
"The meeting of Board of Directors of Jagran Prakashan Limited is scheduled to be held on Tuesday, March 02, 2021, inter-alia, to consider the proposal for buyback of the fully paid-up equity shares of the Company, as well as matters related/ incidental thereto," the company said in an exchange filing.
The company also announced the closure of trading window from Saturday, February 20, 2021, till the conclusion of 48 hours from the conclusion of the Board meeting to be held on Tuesday, March 02, 2021.

Jagran-prakashan , Board-of-directors-jagran-prakashan , Jagran-prakashan-limited , Jagran-prakashan-share-price , Markets-news , Buyback-plan , Share-price-update , ஜாக்ரான்-பிரகாஷன் , பலகை-ஆஃப்-இயக்குநர்கள்-ஜாக்ரான்-பிரகாஷன் , ஜாக்ரான்-பிரகாஷன்-வரையறுக்கப்பட்டவை , ஜாக்ரான்-பிரகாஷன்-பகிர்-ப்ரைஸ் , சந்தைகள்-செய்தி

Balaji Amines zooms 20%, hits fresh high on strong Q3 numbers


Shares of Balaji Amines zoomed 20 per cent to hit a new high of Rs 1,514 on the BSE in Tuesday's intra-day trade after its profit more-than-doubled to Rs 70.16 crore in the October-December quarter (Q3FY21) on the back of healthy revenue. The specialty chemicals company had posted a profit of Rs 26.73 crore in the year-ago quarter.
Total income increased 63.7 per cent year-on-year (YoY) to Rs 366.85 crore as sales volume jumped 34 per cent YoY. Ebitda (earnings before interest, taxes, depreciation, and amortisation) was at Rs 98.77, up 116 per cent YoY. Ebitda margin improved 647 basis points (bps) to 26.92 per cent from 20.45 per cent in the previous year quarter.

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IndusInd Bank surges 14% in two days as asset quality improves in Q3


Shares of IndusInd Bank rallied 8 per cent to Rs 914 on the BSE in Monday's session, up 14 per cent in the past two trading days, after the bank posted a decent set of October-December quarter (Q3FY21) numbers with a 25 per cent quarter-on-quarter (QoQ) growth in net profit at Rs 830 crore, aided by improvement in core operating performance and lower provisions.
Net interest income (NII) increased 10.8 per cent year on year (YoY) and 3.9 per cent QoQ to Rs 3,406 crore. Net interest margin (NIM) stood at 4.12 per cent for the quarter ended December 2020. Net non-performing assets (NPA) improved to 0.22 per cent as at Q3FY21 from 0.52 per cent a quarter ago, well provided for with provision coverage ratio (PCR) at 87 per cent. "Pro forma net NPA, considering NPA not recognized due to Supreme Court’s order, stood at 0.70 per cent and pro forma PCR at 77 per cent," IndusInd Bank said in press release.

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Apollo Hospitals gains 4%, hits new high on successful fund raising via QIP


Shares of Apollo Hospitals Enterprises jumped 4 per cent in intra-day trade on Monday to hit a new high of Rs 2,688, in an otherwise subdued market, after the company said it has raised Rs 1,170 crore via qualified institutional placement (QIP) issue. The stock surpassed its previous high of Rs 2,683 touched on January 21.
In the past three months, the stock has outperformed the market by surging 30 per cent as compared to a 20 per cent rise in the S&P BSE Sensex. At 01:32 pm, the benchmark index was up 0.07 per cent at 48,911.
Apollo Hospitals Enterprises, engaged in healthcare facilities business, has allotted 4.66 million equity shares to 102 qualified institutional buyers (QIBs) at a price of Rs 2,511 per share, according to a disclosure made by the company to stock exchanges. It had the fixed floor price at Rs 2,508.58 per share.

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NCC jumps 5%, hovers near 52-week high on winning Rs 8,980 cr orders in Dec


Shares of NCC Limited rose 5 per cent on the BSE on Friday after the firm said it has received orders worth Rs 8,980 crore during the month of December.
The scrip rose as much as 4.85 per cent to intraday high of Rs 60.45. It was trading close to its 52-week high level of Rs 61, scaled on January 16, 2020.
The Hyderabad-based contstruction firm in a BSE filing, on Friday, said that it has won 15 new orders, totaling to Rs 8,980 crore, in the month of December. These orders are received from central and state government agencies and do not include any internal orders.
The Board of Directors of NCC on Wednesday, December 30, approved issuance of 1,80,00,000 fully convertible warrants on preferential basis, to the promoters of the company in accordance with the provisions of the Companies Act, 2013.

Hyderabad , Andhra-pradesh , India , Prakash-jagetiya , Rakesh-jhunjhunwala , Rekha-jhunjhunwala , Companies-act , Additional-director , Ncc-share-price , Ncc-order-wins , Jhunjhunwala

Bajaj Auto hits 52-week high on signing pact to set up factory in Chakan

Read more about Bajaj Auto hits 52-week high on signing pact to set up factory in Chakan on Business Standard. The facility will be utilised for manufacturing high-end KTM, Husqvarna and Triumph motorcycles as well as for electric vehicles, starting with Chetak

Chakan , Maharashtra , India , Triumph , Bajaj-auto , Analysts-at-emkay-global-financial-services , Emkay-global-financial-services , Bajaj-auto-share-price , Markets , Auto-stock , Exports