Top gainer: UltraTech 11,426 ▲ 375 (+3.40%)
Shares of Punjab & Sind Bank jumped as much as 13.07% to ₹50.50 apiece on the NSE
Shares of Punjab & Sind Bank jumped as much as 13.07% to ₹50.50 apiece on the NSE after the state-run lender fixed the floor price of ₹40.38 per share to raise funds through qualified institutional placement (QIP). The bank has proposed to raise ₹2,000 crore through QIP. Last seen, the stock was trading at ₹47.28 on the NSE, up 5.87%.
Shares of Ola Electric were trading 2.60% lower at ₹54.28 apiece on the NSE
Shares of Ola Electric were trading 2.60% lower at ₹54.28 apiece on the NSE. The company said it has cleared dues with vehicle registration service provider Rosmerta Group. Rosmerta Digital Services Ltd had sought initiation of insolvency proceedings against Ola Electric’s wholly owned subsidiary, Ola Electric Technologies Pvt Ltd, for alleged default in payment. A petition was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC).
Shares of HDFC Bank were trading 2.16% higher at ₹1,840 apiece on the BSE
Shares of HDFC Bank were trading 2.16% higher at ₹1,840 apiece on the BSE. The stock was one of the top contributors to the market rally in recent sessions. The scrip has rallied over 5.7% in the past five days.