Top gainer: Dr Reddy’s Laboratories 1,275▲ 27 (+2.23%)
Top loser: Tata Motors 757 ▼ 22 (-2.89%)
Va Tech Wabag shares nosedived as much as 19.17% to ₹1,522.30 apiece
Va Tech Wabag shares nosedived as much as 19.17% to ₹1,522.30 apiece on the BSE after the company informed exchanges on Tuesday that its order from the Saudi Water Authority worth ₹2,700 crore, which it informed about in September, stands cancelled. Last seen, the stock was trading over 11% lower at ₹1,674.70 on the BSE.
Shares of Sanghi Industries on Wednesday tumbled nearly 13%
Shares of Sanghi Industries on Wednesday tumbled nearly 13% following news that the Adani Group will merge the firm and Penna Cement with Ambuja Cements to consolidate cement operations in one unit. The stock tanked 12.35% to ₹67.42—its 52-week low—on the BSE. On the NSE, it slumped 12.86% to ₹67.01—the 52-week low.
Shares of Vishal Mega Mart Ltd jumped 41% in debut trade
Shares of Vishal Mega Mart Ltd jumped 41% in debut trade on Wednesday against the issue price of ₹78. The stock listed at ₹110, rallying 41% from the issue price on the BSE. Later, it surged 42.24% to ₹110.95. On the NSE, it listed at ₹104, a jump of 33.33% from the issue price. The ₹8,000 crore initial public offer of Vishal Mega Mart received 27.28 times subscription on the closing day of bidding.