Top gainer: Trent 7,912 ▲ 462 (+6.2%)
Top loser: Tata Steel 159▼ 5 (-3.0%)
Ola Electric shares: After sliding 6% in early trade, stock makes a sharp rebound
After sliding over 6% in the morning trade on Tuesday, October 8, shares of Ola Electric Mobility made a sharp rebound and were trading nearly 3% higher at ₹93.33 apiece on the BSE in the late morning deals. Amid growing customer complaints against the EV maker and poor conditions at its service centres across the country, the Central Consumer Protection Authority (CCPA) has issued a show-cause notice to Bhavish Aggarwal-run EV company, asking it to respond to the notice within 15 days of receipt. Read more
RITES wins order worth $5.4 million from Ntokoto Rail Holdings
RITES announced on Monday that the company has received a Letter of Award (LOA) for an order from Ntokoto Rail Holdings. The order is $5.4 million and is expected to be executed within 6 months. Following the announcement, shares of the company were trading higher by 0.5% at ₹297.35 per share on Tuesday. The company reported that the order is for the supply and commissioning of overhauled in-service cape gauge ALCO diesel-electric locomotives. The locomotives will be fitted with new cape gauge bogies, traction motors, control system air brakes, etc. The locomotives will be overhauled at the nominated facility with one year of on-site warranty support. Read more
Asian Paints, MRF, JK Tyre, IOCL: Oil-linked stocks in focus as Brent crude surpasses $80/barrel
Shares of companies sensitive to oil prices, such as paint, tyre, oil marketing companies, as well as oil and gas exploration, will be in focus on Tuesday, October 8, as crude oil prices soared in the international market with Brent crude futures surpassing $80 per barrel for the first time since August. The prices jumped as the increased risk of a region-wide Middle East war unnerved investors. However, the prices edged lower on Tuesday morning. Read more