Good afternoon
Markets are trading in the green, with the NIFTY50 trading above 21,100 as of 1:00 pm. Here are the top stories for the day!
Top gainer: Tech Mahindra: 1,262 ▲ 46 (+3.8%)
Top loser: Power Grid: 232 ▼ 4.9 (-2.0%)
IRCTC shares rise on expansion plans
Shares of IRCTC are trading at their 52-week high, up 1.6%. This comes after the company announced plans to expand into non-railway catering business. The company has already set up hospitality outlets in government-owned institutions including the Department of Telecommunications. It plans to commission 15 more catering units across India.
NBCC shares at 52-week high
Shares of the government-owned company are up 3% today – hitting their 52-week high. This comes after it secured orders worth ₹1,500 crore from National Cooperative Development Corporation. The orders are for construction of 1,469 warehouses and other agricultural infrastructure.
Orissa Minerals rises on nod for mining
Shares of the iron ore miner rose more than 11% intraday after the company received a consent letter from state pollution board to operate Bagiaburu iron ore mines. The consent order is for iron ore production of up to 3.6 lakh tonnes per annum in the mine lease area of 21.52 hectares. Meanwhile, the company’s shares are up over 171% on a year-to-date basis.
DOMS Industries IPO continues to receive strong traction
The IPO of India’s fastest growing stationary products maker has been subscribed 7 times on day 2, as of 10:45 am. Retail investors are flocking towards the IPO. The retail portion is subscribed 23 times. The segment for non-institutional investors is also subscribed 9.9 times. Click here to know more.