Good afternoon
Markets are trading in the red, with the NIFTY50 trading below 21,700 as of 12:45 pm. Here are the top stories for the day!
Top gainer: BPCL: 514 ▲ 21 (+4.3%)
Top loser: Bajaj Finance: 6,860 ▼ 330 (-4.6%)
Marico trades higher as Q3 net profit jumps
Shares of Marico rose 0.3% today, with a day high of ₹523.2 per share. During the third quarter ended 31 December, the company reported consolidated net profit at Rs 386 crore, up 16% YoY, backed by healthy operating numbers with a fall in input cost. Meanwhile, its consolidated revenue from operations fell nearly 2% year-on-year to ₹2,422 crore.
KEC International extends rally
Shares of KEC International rose for the second straight trading session. The stock is up over 2%, with a day high of ₹643.7 per share. This two-day rally comes after the company secured new orders worth ₹1,304 crores across its various businesses on 29 January.
BLS E-Services IPO opens for subscription
The IPO of digital service provider, BLS E-Services Limited is open for subscription. The IPO will be open for subscription between 30 January to 1 February 2024. The company plans to raise ₹310.91 crore through the IPO. The price band for the issue has been fixed at ₹129-135 per share. Lot size for this IPO is 108 equity shares; investors can bid in multiples of 108.