Top gainer: Infosys 1,977▲ 57 (+2.9%)
Top loser: Bajaj Auto 10,262 ▼ 1354 (-11.6%)
Reliance shares trade in green as conglomerate announces Oct 28 as record date for 1:1 bonus share
Shares of Mukesh Ambani-led Reliance Industries were trading in the green on Thursday after the company set Monday, October 28, 2024, as the record date for determining the equity shareholders eligible for 1:1 bonus shares of the company. The stock opened 0.8% higher at ₹2,731.4 apiece on the National Stock Exchange (NSE). At 9:25 am, it was trading at ₹2,725.80, up 0.6%. The company had announced the bonus issue of shares ahead of its 28th Annual General Meeting (AGM) on September 5, 2024. Read more
Titagarh Rail shares rise 8% following bulk deal over ₹85 crore
Shares of Titagarh Rail Systems were trading at an intra-day high of ₹1,224 apiece, an increase by 8.03% (+₹91) on the NSE on Thursday, October 17. The Kolkata-based railway manufacturer’s market capitalization surpassed ₹16,000 crore, reaching ₹16.3 thousand crore on Thursday, October 17. This follows Morgan Stanley Asia purchasing more than ₹85 crore worth of shares in the company in a bulk deal a day prior. Read more
Bajaj Auto shares fall most since March 2020 on cautious commentary post Q2 earnings; stock sinks 11%
Bajaj Auto shares witnessed a brutal hammering on Thursday, October 17, a day after the company reported a decent set of numbers for the quarter ended September 30, 2024 (Q2 FY25). On the BSE, the stock slipped as much as 11% to ₹10,340 in the morning trade. The stock witnessed its biggest one-day fall since March 2020, as per news reports. The management post the result declaration indicated weak festival season sales, which unnerved market participants, as per analysts. Read more