Top gainer: Hindustan Unilever 2,918 ▲ 79 (+2.7%)
Top loser: ONGC 295 ▼ 13 (-4.2%)
Ola Electric shares slide more than 5% as one-month lock-in period ends
Shares of recently listed Ola Electric Mobility, the electric two-wheeler manufacturer based in Bengaluru, slipped as much as 5.33% to ₹104.10 apiece on the BSE on Monday, September 9, as its one-month share lock-in period ended today. This means that from today, around 18.18 crore shares, representing 4% of the company’s outstanding shares, will become eligible for trading, as per reports. Read more
Jio Financial forms JV with BlackRock for investment advisory services
Shares of Jio Financial Services, the financial arm of oil-to-telecom conglomerate Reliance Industries (RIL), were trading around 0.5% lower at ₹335.25 apiece on the BSE in the morning trade on Monday, September 9, as the company on Sunday said it has formed a joint venture with BlackRock Advisors Singapore to undertake investment advisory business. Jio BlackRock Investment Advisors was incorporated on September 6 to carry on the primary business of investment advisory services, subject to regulatory approvals. Read more
Mazagon Dock gains 3% on securing an order worth ₹1486 crore from ONGC
Shares of Mazagon Dock Shipbuilders Ltd gained over 3% to trade at an intraday high of ₹4,544 per share on the NSE on Monday, September 9, after the company announced securing a contract from Oil and Natural Gas Corporation Limited (ONGC) for a pipeline replacement project. Mazagon Dock informed the exchanges, in a filing on September 6, that it has been awarded a contract from ONGC for a subsea pipeline replacement project (Pipeline Replacement Project 8 Group A). Read more