Good afternoon
Markets are trading in the red, with the NIFTY50 trading below 21,500 as of 1:45 pm. Here are the top stories for the day!
Top gainer: Cipla: 1,315 ▲ 26 (+2.0%)
Top loser: NTPC: 308 ▼ 11 (-3.4%)
Delta Corp falls after subdued Q3 result
Shares of the casino and online gaming operator declined nearly 5% in early morning trade. This comes after the company’s Q3 net profit slumped 59% to ₹34.5 crore, while its consolidated revenue declined 15% YoY to ₹231.7 crore.
Manappuram Finance tanks 5%
Shares of the gold loans financing company are down 5% today. This comes after the market regulator SEBI put the IPO of Manappuram Finance’s subsidiary on hold. Asirvad MicroFinance had filed draft papers to raise ₹1,500 crore through the IPO route.
Spicejet shares soar on investment plan
Shares of the low-cost carrier are up 5% today. This comes after the company said that it plans to raise ₹2,250 crore to drive expansion and revival. The airline reportedly plans to restore 25 grounded aircrafts and acquire bankrupt GoFirst.
Jyoti CNC IPO receives strong investor interest
The IPO of Jyoti CNC Automation has been subscribed more than 3 times on day 1. Retail investors have flocked towards the IPO with the retail portion being subscribed around 10 times.