Markets are trading in the green as of 12:15 pm, with the NIFTY50 trading above the 19,400 level. Here are the top stories of the hour. Let us know what you think in the comments below!
Top gainer: Hindalco: 463 ▲ 13 (+2.9%)
Top loser: Jio Financial: 224 ▼ 11 (-4.9%)
Hindalco announces new investment plans
Shares of Hindalco Industries rose more than 3% intraday. This comes after the company announced an investment of ₹4,000 crore across key initiatives. Firstly, the company plans to set up copper and e-waste recycling facility in India through an investment of ₹2,000 crore. It also plans to invest another ₹2,000 crore to bring new extrusion and fabrication technology to make freight wagons and coaches.
BEML hits 52-week high on order win
BEML shares saw strong traction today, rising nearly 5% intraday and touching a new 52-week high on new order win. The company bagged an order from the Ministry of Defence (Army) to supply command post vehicles with contract value of around ₹101 crore.
Linde India bags large order
Shares of an industrial gas provider hit a new 52-week high today after it bagged a large order from Indian Oil Corporation (IOC). Company will set up an air separation unit to produce and supply instrument air, plant air and cryogenic nitrogen to IOC’s Panipat refinery. It will also operate and maintain the facility for 20 years.
TVS Supply Chain makes tepid debut
TVS Supply Chain shares listed at a premium of 5.1% on the NSE. Supply-chain solution provider’s stock opened at ₹207 apiece, against the public issue price of ₹197 per share. Company’s ₹880 crore initial public offer (IPO) was subscribed 2.8 times.