Top gainer: HDFC Life 670▲ 26 (+4.1%)
Top loser: Bajaj Finserv 1,580 ▼ 38 (-2.3%)
Bajaj Finance tanks over 2% after Q1 net profit
Bajaj Finance shares fell 2.5% to ₹6,560 on July 24 after the company reported a 14% year-over-year increase in net profit and a 25% rise in net interest income for the quarter ended June 2024, falling short of market expectations. Similarly, NII was expected to be ₹9,042 crore, but it was reported at ₹8,365 crore. Read more
Tata Consumer Products raise ₹3,000 crore via rights issue
The Tata Group company said that it will issue over 3.66 crore ‘Rights Equity Shares’ for an amount aggregating to ₹2,997.77 crore. The company has fixed the rights issue price at ₹818 apiece, which includes a premium of ₹817. The rights issue is being conducted at a discount of 35% against the stock’s closing price of ₹1,258 apiece on the NSE on Tuesday. Read more
Adani Green Energy gains on operationalising 250 MW wind power project in Gujarat
Shares of Adani Green Energy Ltd gained nearly 2% to trade at an intraday high of ₹1748 apiece on Wednesday, July 24, after the company informed the exchanges that one of its subsidiaries has operationalised a 250 MW wind power project in Gujarat. Read more