Markets are trading in the green as of 12:15 PM, with the NIFTY50 trading above the 19,300 level. Here are the top stories of the hour. Let us know what you think in the comments below!
Top gainer: Jio Financial: 217 ▲ 5.8 (+2.7%)
Top loser: Bharti Airtel: 858 ▼ 12 (-1.4%)
Capacite Infraprojects gains on new order win
Capacite Infraprojects along with its joint venture partner has secured a new order worth ₹575 crore from Rail Vikas Nigam Limited (RVNL). This new project will be executed in 18 months in Maldives. Capacite Infraprojects has 51% share in the joint venture. Meanwhile, its shares rose 4.4% intraday.
Gokaldas Exports hits upper circuit
Shares of Gokaldas Exports were locked in the 20% upper circuit after the company acquired Atraco Group for $55 million. Atraco Group is a leading manufacturer of apparel and has presence in the US and European markets. In CY22, Atraco Group reported revenue of $107 million.
Som Distilleries gets supply permit in Chhattisgarh
The alcoholic beverages maker rose nearly 5% intraday after it obtained permission to sell its beer brand in Chhattisgarh. The company said it has already started initial dispatches and aims to build a meaningful market presence in Chhattisgarh in the medium term.
Pyramid Technoplast makes strong debut
Pyramid Technoplast listed on the exchanges at a 13% premium today. Shares of the polymer drums maker opened at ₹187 on NSE, against the issue price of ₹166 per share. Its ₹153 crore initial public offer (IPO) was subscribed over 14 times.