Top gainer: Tech Mahindra 1,622 ▲ 45 (+2.8%)
Top loser: Hindustan Unilever 2,912 ▼ 45 (-1.3%)
PC Jeweller hits 5% upper circuit on 1:10 stock split and fundraising plan
Shares of PC Jeweller were locked in the 5% upper circuit limit of ₹186.80 apiece on the BSE on Tuesday, October 1, a day after the company announced the sub-division of its equity shares in a ratio of 1:10. This means the company will split one existing fully paid-up equity share, having a face value of ₹10 each, into 10 shares having a face value of ₹1, according to an exchange filing. This stock split will lead to the rise of the total number of shares from over 46.5 crore to 465.4 crore, as per news reports. Read more
NTPC, Tata Power trade in the green; here is why shares are in focus today
NTPC Green Energy IPO, NTPC shares, Tata Power share price: Shares of NTPC and Tata Power were trading in positive territory on Tuesday, October 1. Shares gained in trade on the back of deal with Rajasthan government for renewable energy projects. NTPC stock gained as its subsidiary NTPC Green Energy (NGEL) inked an initial pact with the Rajasthan government to develop 25 GW of renewable energy projects. Read more
Reliance Industries shares drop over 3%; market valuation erodes by ₹66,819.76 crore
Shares of Reliance Industries dropped more than 3% on Monday, wiping out ₹66,819.76 crore from its market valuation and dragging the benchmark indices lower. The market heavyweight stock slumped 3.23% to settle at ₹2,953.80 apiece on the BSE. During the day, it tanked 3.35% to ₹2,950. On the NSE, it dropped 3.13% to ₹2,956.70 per share. The stock was the biggest laggard among the BSE Sensex firms. The company’s market valuation eroded by ₹66,819.76 crore to ₹19,98,503.98 crore Read more