Top gainer: Cipla 1,652 ▲ 33 (+2.0%)
Top loser: Tata Motors 1,106 ▼ 15 (-1.3%)
Reliance Industries’ 1:1 bonus issue: All you need to know
Reliance Industries has informed shareholders that its board meetings will be held on Thursday, September 05. This is to consider and recommend bonus shares in the ratio of 1:1 to the equity shareholders of the company. Reliance Industries share price climbed more than 2.5% intraday shortly after the company announced that its board will consider issuing 1:1 bonus shares on September 5. Read more
Prestige Estates shares gain 4% on launch of ₹5,000 crore QIP
Real estate major Prestige Estates Projects shares rallied 4% on Friday, August 30, after the firm announced it was launching a qualified institutional placement (QIP) offer to raise up to ₹5,000 crore. In a filing to the stock exchanges after market hours on Thursday, the company said that its fund-raising committee passed a resolution authorising the opening of the issue at the board meeting held on August 29. Read more
Sugar stocks soar up to 12% as govt allows sugarcane juice, syrup for ethanol production
Sugar stocks climbed sharply on the bourses in early trade on August 30, jumping up to 12%, in the backdrop of the government permitting the use of sugarcane juice and syrup for ethanol production. The sharpest climb after the opening bell was logged by Dalmia Bharat Sugar, whose scrip surged 11.98% to ₹495.05 apiece on the National Stock Exchange (NSE). Read more