Good afternoon
Markets are trading in the green, with the NIFTY50 hitting a record high and trading above 21,300 as of 1:45 pm. Here are the top stories for the day!
Top gainer: HCL Tech: 1,485 ▲ 71 (+5.0%)
Top loser: Nestle India: 24,250 ▼ 542 (-2.1%)
M&M Financial to enter life, health & general insurance business
M&M Financial Services received approval from the Board of Directors to undertake supplemental business activity of soliciting and procuring insurance business as a corporate agent in the areas of life, health, and general insurance - both group and individual.
Infibeam Avenues surges on new acquisition
Shares of the fintech player are up 6.2% in the early trade. This comes a day after the company announced that it is acquiring 49% stake in Pirimid Finetech for ₹25 crore. Through this acquisition, Infibeam is foraying into capital markets and digital lending software market.
Droneacharya Aerial rises on new order
Shares of the drone solution provider rose more than 6% today after the company secured a new order from the Ministry of Defense. The contract involves the supply of Drone Simulators and will be executed at NCPITS (CBS) Bhalra, Jammu & Kashmir.
Suzlon Energy gains after new order win
Suzlon Energy has secured a new order win for the development of a 100.8 MW wind power project located in Gujarat. The company will supply and commission 32 wind turbine generators (WTGs) with a rated capacity of 3.15 MW each. Following the announcement, shares of the company traded higher, up 2.1% today.