Top gainer: Bajaj-Auto 10,327 ▲ 412 (+4.1%)
Top loser: Wipro 513 ▼ 6 (-1.1%)
JSW Energy gains 2% after subsidiary signs pact with BESCOM
Shares of JSW Energy Limited on Friday, August 23, jumped 2% to ₹725 per share on the NSE after the power producing company inked two deals with NTPC and Bangalore Electricity Supply Company Limited (BESCOM). JSW Energy, in a filing to the stock exchanges on Friday, announced that its wholly-owned stepdown subsidiary, JSW Renew Energy Twenty Limited, has signed a Power Purchase Agreement (PPA) with BESCOM for a solar capacity of 300 MW, which has been awarded by the Karnataka Renewable Energy Development Limited. Read more
Nykaa shares surge more than 6% after over 4 crore shares change hands via block deal
Shares of FSN E-Commerce Ventures, the parent firm of Nykaa, surged as much as 6.41% to ₹223.90 apiece on the BSE in the morning trade on Friday, August 23, after news reports said 4.09 crore shares, or 1.43% equity, changed hands in the block deal window. Earlier, there were reports that Harindarpal Singh & Associates was likely to sell up to a 1.4% stake in Nykaa. The floor price was set at ₹198 per share. Harindarpal Singh held a 6.4% stake in the company at the end of the June quarter. Read more
Ambuja Cements block deal: 2.76% equity changes hands at ₹625.5/share
As many as 6.8 crore shares, or 2.76% equity, of Ambuja Cements changed hands in the block deal window on Friday, August 23. The deal took place at an average price of ₹625.5 apiece, and the transaction was worth ₹4,251 crore, according to a report by CNBC-TV18. The large trade was on expected lines as news reports suggested that Adani family was planning to sell around 3% stake in the company. Read more