Top gainer: Wipro 548 ▲ 20 (+3.8%)
Top loser: ONGC 286 ▼ 6 (-2.0%)
Bajaj Housing Finance shares drop over 5% as IPO lock-in period ends
Shares of recently listed Bajaj Housing Finance slipped as much as 5.27% to ₹142.85 apiece on the BSE in the morning deals on Monday, October 14, as the company’s IPO lock-in period ends today. The IPO lock-in period refers to a fixed period after a company’s initial public offering (IPO) during which a certain set of shareholders, promoters, and insiders are restricted from selling their shares. After the lock-in period expires, these shareholders become eligible to offload their shares in the company. Read more
DMart-operator Avenue Supermarts shares fall over 7% after lower-than-expected Q2 results
Shares of Avenue Supermarts Ltd, which operates the retail chain DMart, slumped on Monday, October 14, after the company posted lower-than-expected revenue and net profit for the second quarter of the financial year 2024-25 (Q2 FY25). The stock was trading 7.2% lower at ₹4,241 apiece on the National Stock Exchange (NSE) in the early trade. It declined 7.1% to ₹4,246.9 a unit on the BSE. The company’s market capitalisation stands at ₹2,75,975.89 crore. Read more
Ashoka Buildcon receives LoA from CIDCO and MSRDCL for projects worth ₹3,983 crore
Ashoka Buildcon’s shares were up 6% after the company announced that it had won orders from Maharashtra State Road Development Corp (MSRDCL) and City & Industrial Development Corporation of Maharashtra (CIDCO). The company’s shares were trading at ₹268.36 per share. The company’s joint venture, where Ashoka Buildcon is the lead member, received a letter of acceptance (LoA) from CIDCO for a project worth ₹1,673 crore. The project is for the integrated infrastructure development of 20-meter and above roads. Read more