Top gainer: Maruti 13,357 ▲ 571 (+4.4%)
Top loser: ONGC 293 ▼ 5 (-1.9%)
Bajaj Housing Finance jumps 6%; stock up 133% from issue price
Shares of recently listed Bajaj Housing Finance jumped as much as 5.8% to hit a high of ₹163.10 apiece on the BSE on Thursday, September 26. At this level, the stock was trading 133% higher from the issue price of ₹70. The company’s market capitalisation was ₹1,32,958.86 crore at the time of writing this report. The stock price stood at ₹159.65, up 3.59% on the BSE. On September 16, Bajaj Housing Finance became the most valued housing finance company in the country, following a blockbuster market debut where the stock more than doubled. Read more
ITC Limited hits 52-week high, market cap breaches ₹6.5 lakh crore mark for the first time
Cigarettes to consumer goods major ITC Ltd shares rallied nearly 1% to hit a fresh 52-week high in morning trade on Thursday, September 26, pushing the company’s market capitalisation above ₹6.5 lakh crore mark for the first time. Shares of the FMCG company gained as much as 0.94% to trade at a fresh year-high level of ₹522.45 apiece on the NSE. The rally in the FMCG stock was seen after the company informed the stock exchanges via a filing about the completion of Sproutlife Foods Private Limited’s acquisition on September 25. The company said that it acquired 1,413 Compulsorily Convertible Preference Shares (CCPS) of Sproutlife Foods for ₹30 crore. The acquisition is a part of the deal signed in 2023. Read more
Zen Technologies up 1% after launching four new remote-controlled defense systems and surveillance systems
Zen Technologies shares were trading higher by over 1% after the company announced the launch of remote-controlled weapon and surveillance systems to strengthen India’s defense capabilities. The company, in collaboration with AI Turing Technologies, announced four advanced solutions to boost India’s defense prowess. Shares of Zen Technologies were trading at ₹1,717.75 per share. The company reported the new launch aligns with the company’s mission and commitment to the Atmanirbhar Bharat vision. The company is ordering solutions for armoured vehicles, and naval defense, and has a track record of providing defense solutions in the past. Read more