Top gainer: M&M 2,713 ▲ 14 (+1.65%)
Top loser: Wipro 295 ▼ 171 (-3.69%)
Shares of Swiggy slipped as much as 3.38% to ₹348.35 apiece on the NSE
Swiggy shares slipped as much as 3.38% to ₹348.35 apiece on the NSE. The company has confirmed that it would invest up to ₹1,000 crore in one or more tranches to expand its wholly owned subsidiary ‘Scootsy Logistics,’ which is engaged in the supply chain and distribution business. Swiggy informed bourses about the "investment by the company in the equity shares of Scootsy Logistics Private Limited, the wholly owned subsidiary of the company (“Scootsy”), up to an amount not exceeding ₹1,000 crore in one or more tranches, by way of subscription to rights issue up to ₹1,000 crore” as mentioned in the regulatory filing.
Shares of IndiGo operator InterGlobe Aviation surged almost 2%
Shares of IndiGo operator InterGlobe Aviation surged almost 2% during the morning trade as global broking firm Citi showed a positive outlook for the company. Despite the currency headwinds, Citi remains optimistic about IndiGo’s growth prospects, citing its dominant market position and robust demand outlook, it said in a report. At 10:30 AM, shares of InterGlobe Aviation were trading at ₹4,560 apiece on the National Stock Exchange (NSE), rising 1.09%, while the company was up 1.12% on the BSE at ₹4,559.90 per share.
Shares of renewable energy company NTPC Green Energy declined over 7% on Monday
Shares of renewable energy company NTPC Green Energy declined over 7% on Monday, February 24, as the shareholder lock-in period ends. The stock descended 7.31% to ₹97.83 apiece on the National Stock Exchange (NSE) at 9:27 am. The company’s market capitalisation stands at ₹82,434.78 crore. The three-month shareholder lock-in period ended on Monday, making up to 18.33 crore equity shares eligible for trading.