Top gainer: Hindalco 655 ▲ 21 (+3.4%)
Top loser: M&M 2,786 ▼ 53 (-1.8%)
Ola Electric hits 10% upper circuit, nearly doubles investors’ money in 6 trading sessions post listing
Ola Electric share price: Bhavish Aggarwal-led electric two-wheeler company Ola Electric Mobility continued its uptrend, hitting the upper circuit on Monday, August 19. The stock was trading 10% higher at ₹146.38 apiece on the National Stock Exchange (NSE)-- its upper circuit limit. Its market capitalization stands at ₹64,565.7 crore. On Friday, the stock soared 20% to hit the upper circuit at ₹113 apiece. Read more
PVR Inox trades 4% higher on strong booking numbers for new movies Stree 2 and Vedaa
PVR Inox’s shares were trading higher by over 4% at ₹1,560 per share on Monday as the company is poised to benefit from strong bookings for movies such as Stree 2 and Vedaa. The recent release, Stree 2, has seen considerable success at the box office, with collections exceeding ₹190 crore on the third day. Meanwhile, Vedaa’s box office collections came in at ₹13.25 crore, and Thangalaan raked in ₹29.35 crore at the domestic box offices within the first four days of its release. Read more
Hindustan Zinc continues to slide, shares slip below ₹500 mark amid ongoing OFS
Hindustan Zinc (HZL) shares continued their downtrend in Monday’s session amid the offer for sale (OFS) launched by its parent firm, Vedanta. The stock in the opening trade was quoting at ₹489.60, down 5.84% on the BSE. Vedanta last week launched an OFS to sell a 3.31% stake in the company. The offer received an impressive response from the market participants. Non-retail investors placed bids for 6.3 crore shares, according to a regulatory filing. Read more