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Market trading firm on upbeat Asian stocks


Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 291.76 points or 0.57% at 51,317.24. The Nifty 50 index was up 79.80 points or 0.53% at 15,178.20. Upbeat Asian stocks boosted sentiment.
The S&P BSE Mid-Cap index was up 0.76%. The S&P BSE Small-Cap index was up 0.55%.
The market breadth, indicating the overall health of the market, is strong. On the BSE, 1375 shares rose and 609 shares fell. A total of 80 shares were unchanged.
Stocks in news:
Power Grid Corporation of India rose 0.53%. Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has on 9 March 2021 acquired Ramgarh New Transmission (RNTL), the Project SPV to establish Transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) under phase II - Part A, on build, own, operate and maintai ....

United States , Organisation For Economic , Godrej Properties , Power Grid Corporation Of India , Indian Bank , Aeron Systems Private Limited , Committee Of Directors , Power Distribution Company , Grid Corporation , Power Grid Corporation , Ramgarh New Transmission , Bid Process Coordinator , Bharat Forge , Shareholders Agreement , Qualified Institutions Placement , Jubilant Foodworks , Wall Street , Paris Based Organisation , Economic Cooperation , Capital Market , Nifty 50 , National Stock Exchange Of India , Bse Sensex , Stock Exchanges , Economy Of India , Stock Market ,

Bharat Forge Ltd makes further investment in associate company


Bharat Forge Ltd makes further investment in associate company
Posted On:
2021-03-09 08:55:35
(Time Zone: Arizona, USA)
Bharat Forge Ltd has made further investment of Rs.4 crores in its associate company - Aeron Systems Private Limited (Aeron) by way of purchasing 39,000 equity shares of face value Rs.10/- each at a premium of Rs. 1,015.64/- in accordance with the terms of Shareholders Agreement with Aeron and its founders.
Consequently, the Company s stake in Aeron has been increased from 26% to 36% (fully diluted).
Shares of BHARAT FORGE LTD. was last trading in BSE at Rs.610.4 as compared to the previous close of Rs. 619.2. The total number of shares traded during the day was 75946 in over 2391 trades. ....

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