Good afternoon
Markets are trading in the green, with the NIFTY50 trading near 21,500 as of 1:45 pm. Here are the top stories for the day!
Top gainer: Nestle India: 25,360 ▲ 1,005 (+4.1%)
Top loser: Wipro: 438 ▼ 7.2 (-1.6%)
NIFTY FMCG amongst top sectoral gainers
NIFTY FMCG index rose over 1.2% intraday and was amongst top sectoral gainers today. Rise in major stocks, including Nestle India (+4.1%), ITC (+0.9%), Hindustan Unilever (+1.0%) supported the index.
India Glycols rises on ethanol supply order
Shares of the ethanol maker rose over 13% intraday after the company secured orders worth ₹1,164 crore for the ethanol supply under the Ethanol Blended Petrol Programme. The company will supply 16.55 crore litres of ethanol to oil marketing companies, including BPCL, HPCL, Indian Oil and Reliance Industries.
RBZ Jewellers IPO opens for subscription
RBZ Jewellers Limited is one of India’s leading organised manufacturers of gold jewellery, specialising in antique bridal gold jewellery. It holds a market share of 1% of the total organised wholesale gold jewellery market in India. The entire IPO will be a fresh issue. The money raised through the fresh issue will be utilised for funding capital expenditure and general corporate purposes.
Happy Forgings’ ₹1,008 crore IPO opens for subscription
Happy Forgings Limited is India’s fourth-largest engineering-led manufacturer of complex and high-precision machined components. The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be used to prepay borrowings and purchase equipment, plant and machinery.