Top gainer: JSW Steel 1,026 ▲ 25 (+2.5%)
Top loser: Hero Motocorp 5,707 ▼ 250 (-4.2%)
WOL 3D India listing: Shares rise nearly 5% after making a decent debut at 20% premium
WOL 3D India Ltd made a strong debut on the NSE SME platform on Monday, September 30, with its shares listing at a premium of 20% over the issue price. Shares of the company opened at ₹180.05 per share, reflecting gains of 20% over the issue price of ₹150 apiece. The stock, however, slipped 5% to hit an intraday low of ₹171.05 per share after listing due to some profit taking by investors. However, the stock recovered soon and hit an intraday high of ₹189.05 apiece. Read more
Persistent shares trade higher as company plans to acquire Arrka a data privacy management platform
Shares of Persistent Systems are trading positively amid a broader selloff in IT stocks after the company announced the acquisition of data privacy management platform Arrka. Persistent Systems has intended to acquire Arrka, a Pune-based company renowned for its decade-long data privacy expertise, pioneering data privacy management platform, and growing expertise in AI governance. This strategic acquisition significantly enhances Persistent’s AI-led, platform-driven services and strengthens its ability to provide comprehensive offerings in digital governance, including data privacy, AI governance, and cybersecurity, among others. Read more
Reliance Infrastructure surges 6% as company wins ₹780 crore arbitration case
Shares of Reliance Infrastructure jumped as much as 6.2% to ₹343 apiece on the BSE on Monday, September 30, after the Calcutta High Court upheld a ₹780 crore arbitration award in favour of the company in a dispute with West Bengal-based Damodar Valley Corporation, the Anil Ambani group firm said in a stock exchange filing. More than a decade ago, Reliance Infrastructure had won a contract to set up a 1,200 MW thermal power plant in Purulia in West Bengal for ₹3,750 crore. Read more