AboutxxxxxIndian benchmark indices ended higher for the third straight session on June 13.
The price of the rights issue has been fixed at Rs 1,651 per equity share, a discount of 25 percent.
Sugar stocks | Stocks such as Shree Renuka Sugars, Balrampur Chini Mills, Dalmia Bharat Sugar, EID Parry zoomed up to 13 percent amid report that the government is considering increasing minimum support price (MSP) of sugar for 2024-25.
Larsen & Toubro | CMP: Rs 3,702 | Shares rose 2 percent after the company announced bagging significant orders in the range of Rs 2,500-5,000 crore from Oil and Natural Gas Corporation.
Insurance stocks | Life insurance stocks gained on June 13 despite the Insurance Regulatory and Development Authority of India (IRDAI) mandated companies to offer surrender value (SV) from the first year, instead of the second or third year.
Aboutxxxxx
Indian benchmark indices ended higher for the third straight session on June 13. At close, the Sensex was up 204.33 points or 0.27 percent at 76,810.90, and the Nifty was up 75.90 points or 0.33 percent at 23,398.90.
Paytm | CMP: Rs 432.90 | The stock jumped 7.5 percent after Samsung partnered with the payments and financial services distribution company to bring travel and entertainment services to Samsung Wallet in India. The stock extended gains for the third straight session.
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Sobha | CMP: Rs 2,165 | Shares of the South-based realty firm jumped 5 percent after the company board greenlit the offer and issuance of equity shares for Rs 2,000 crore through a rights issue. The price of the rights issue has been fixed at Rs 1,651 per equity share, a discount of 25 percent.
Sugar stocks | Stocks such as Shree Renuka Sugars, Balrampur Chini Mills, Dalmia Bharat Sugar, EID Parry zoomed up to 13 percent amid report that the government is considering increasing minimum support price (MSP) of sugar for 2024-25.
Larsen & Toubro | CMP: Rs 3,702 | Shares rose 2 percent after the company announced bagging significant orders in the range of Rs 2,500-5,000 crore from Oil and Natural Gas Corporation.
Whirlpool India | CMP: Rs 1,790 per share | The stock touched fresh 52-week high of Rs 1,827 apiece on June 13 after it announced a new market alliance for Surf Excel in partnership with Hindustan Unilever.
Insurance stocks | Life insurance stocks gained on June 13 despite the Insurance Regulatory and Development Authority of India (IRDAI) mandated companies to offer surrender value (SV) from the first year, instead of the second or third year. Shares of LIC, HDFC Life, ICICI Prudential, Max Financial Services, ICICI Lombard, and General Insurance Corporation rose up to 2 percent.
Saksoft | CMP: Rs 293.40 | The stock rallied 12.5 percent after the company announced that it has executed a Share Purchase Agreement to acquire 100 percent equity interest in Augmento Labs Private, a digital engineering company.
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Sun TV Network | CMP: Rs 760.15 | Shares fell 2.4 percent as investors rushed to book some profits after the stock's strong run to its 52-week high in the previous session. The stock has surged around 6 percent in the last session, buoyed by Axis Capital's increased price target for the scrip.
Oracle Financial Services Software Ltd | CMP: Rs 9,700 | Shares of the company rose as much as 11.95 percent and hit a 52-week high of Rs 9,617.10 after its parent company Oracle Corp reported strong earnings overnight in the US.
Venus Remedies | CMP: Rs 376 | Shares surged 6.1 percent after the company won a contract from UNICEF for its antibiotic product, Ceftriaxone in a tender for the supply of Beta Lactam antibiotics. Ceftriaxone is a kind of antibiotic drug used to treat bacterial infections.
