Top gainer: Trent 4,974 ▲ 175 (+3.65%)
Top loser: IndusInd Bank 666 ▼ 234 (-26.01%)
Shares of IndusInd Bank tumbled over 25% during the intraday trade
Shares of private lender IndusInd Bank tumbled over 25% during the intraday trade after it informed the exchanges on Monday evening that its net worth took a 2.35% hit due to account discrepancies. “A final report of the external agency is awaited, and based on which the bank will appropriately consider any resultant impact in its financial statements,” the bank said in a statement. At 12:40 PM, shares of IndusInd Bank were trading at ₹673.80 apiece, plunging 25.17%. It had touched a 52-week low of ₹667.15 during the intraday trade.
Shares of Bharat Electronics (BEL) on Tuesday surged nearly 3%
Shares of Bharat Electronics (BEL) on Tuesday surged nearly 3% during the early trades as the PSU firm bagged additional orders worth ₹843 crore on Monday. The company, in an exchange filing, said: “Major orders include RF seekers, vessel and air traffic management systems, electro-optic repair facilities, radar upgrades, spares, services, etc.” At 12:45 PM, shares of BEL were trading at ₹275.29 apiece, rising 1.65% on the National Stock Exchange. It was one of the most contributing stocks on the 50-share index.
Shares of Paytm were at ₹697.40 apiece, rising 4.83% on the NSE
One97 Communications, parent firm of Paytm, on Tuesday said its board has approved the employee stock ownership plan (ESOP) of 109,995 stock options to its eligible employees. This led its share price to gain even when the benchmark equity indices were under pressure. At 12:49 PM, shares of Paytm were at ₹697.40 apiece, rising 4.83% on the National Stock Exchange. “Each stock option is convertible into one fully paid-up equity share having a face value of ₹1 each,” the company said in an exchange filing on Tuesday. Its exercise price is ₹9 per stock option.