Today’s top morning headlines - 21st May 2024

Good afternoon

Top gainer: Hindalco 694 ▲ 33 (+5.1%)
Top loser: Nestle India 2,457 ▼ 47 (-1.8%)

:star: Vodafone Idea approves allotment of ₹2,075-crore shares to Aditya Birla Group arm
Stressed telecom operator Vodafone Idea on Tuesday informed the exchanges that its capital raising committee has approved the allotment of shares worth ₹2,075 crore to Oriana Investments, an arm of the Aditya Birla Group. More than 139 crore shares will be allotted at a rate of ₹14.87 apiece, the company said in a regulatory filing. Read more.

:star: Balkrishna Industries shares hit all-time high after 87% jump in Q4 profit
Shares of tyre maker Balkrishna Industries hit a record high on Tuesday after the company reported solid March 2024 quarter results. The stock was trading 10% higher at ₹3,078.6 on the NSE at 12:01 pm. It was up 10.3% at ₹3,088 on the BSE. Read more.

:star: Veritaas Advertising makes strong debut, shares list at 141% premium on NSE SME
Veritaas Advertising Ltd, a Kolkata based advertising agency, made a strong debut on the stock exchanges Tuesday, May 21, with the shares giving more than double returns to investors on listing. Shares of Veritaas Advertising Ltd were listed at a premium of 141% premium to the issue price on the NSE SME platform. The stock opened at ₹275 apiece compared to the issue price of ₹114 per share. Read more.