Markets are trading in the green as of 12:55 pm, with the NIFTY50 trading above the 19,350 level. Here are the top stories of the hour. Let us know what you think in the comments below!
Top gainer: Bajaj Finance 7,028 ▲ 166 (+2.4%)
Top loser: Reliance Industries 2,528 ▼ 19 (-0.7%)
Reliance Industries trades lower post JFS listing
Shares of Jio Financial Services (JFS) were locked in the 5% lower circuit upon listing at ₹248.9 per share on NSE. Meanwhile, shares of the parent company, Reliance Industries, are trading nearly 0.7% lower.
PNB Housing Finance rises on loan recovery
The housing lender’s shares jumped 7% intraday after it fully recovered its large corporate non-performing account worth ₹784 crore, representing 1.3% of the total loan assets. As on 30 June 2023, the company’s gross NPAs stood at ₹2,270 crore.
KEC International bags new order
The global infrastructure company has secured new orders worth ₹1,007 crore across various businesses. The company’s civil business has secured its first order to design and construct a multi-speciality hospital in India. Other orders include a transmission project and supply of various cables. KEC International shares are trading 4.9% higher today.
Tanla Platforms shares nosedive
Shares of the communication service provider declined more than 4% after its partnership with Vodafone Idea was terminated. In November 2021, the company had entered into an agreement with Vodafone Idea to offer platform and firewall services for two years, which was not extended beyond the initial term.