Top gainer: HDFC Life 649 ▲ 15 (+2.43%)
Top loser: Bharti Airtel 1,585 ▼ 35 (-2.19%)
NTPC Green Energy shares rallied as much as 9.28% to ₹155.30 apiece
Shares of NTPC Green Energy rallied as much as 9.28% to ₹155.30 apiece on the BSE. The stock of the renewable energy arm of NTPC was listed with a premium of over 3% against the issue price of ₹108 last week. The initial public offering of NTPC Green Energy Ltd got subscribed 2.40 times on the closing day of the share sale on Friday. The ₹10,000-crore share sale had a price band of ₹102-₹108 per share.
Shares of Mamaearth-parent Honasa Consumer hit 10% upper circuit on Wednesday
Shares of Mamaearth-parent Honasa Consumer hit 10% upper circuit on Wednesday after the company’s co-founder Varun Alagh increased his stake in the personal care product firm. The stock rose 10% to 287.85 apiece, its upper circuit limit, on the NSE, taking the market capitalisation to ₹9,350.06 crore. Varun Alagh, co-founder and chief executive officer (CEO) of Honasa Consumer, has brought additional equity shares worth ₹4.5 crore in the company, taking his stake to 31.93% from 31.88% earlier.
Stocks in the defence sector rose on Wednesday
Stocks in the defence sector rose on Wednesday, December 4, after the Defence Acquisition Council (DAC), under Defence Minister Rajnath Singh’s chairmanship, approved five capital acquisition proposals worth more than ₹21,772 crore. HAL, BEML, and Mazagon Dock all gained in the morning trade. However, they trimmed their gains in the afternoon deals.