Stock News

Rolta gains as board approves reversal of forex losses

Shares of Rolta India have advanced by 2.7% to Rs103 after the board of directors of the company approved the reversal of Forex losses.

The scrip has touched an intra-day high of Rs106 and a low of Rs95 and has recorded volumes of over 10.1mn shares on NSE.

Bajaj Finserve records smart gains

Shares of Bajaj Finserv have advanced by 2% to Rs221 after the company announced that it entered into a 49:51 JV agreement with Allianz Global Investors to foray into the mutual fund business.

The scrip has touched an intra-day high of Rs233 and a low of Rs201 and has recorded volumes of over 68,000 shares on NSE.

BHEL gains on overseas acquisition plans

Shares of BHEL have advanced by 1% to Rs1665 after reports stated that the company plans to pick up equity or even buying out forgings ventures in Eastern Europe and China.

The scrip has touched an intra-day high of Rs1669 and a low of Rs1611 and has recorded volumes of over 0.6mn shares on NSE.

Welspun Guj rallies on demerger plans

Shares of Welspun Gujarat have rallied by over 7% to Rs96 after the company announced the demerger of its Plate-cum-Coil mill into a 100% subsidiary.

The demerger is subject to statutory/regulatory approvals which includes Shareholders, Creditors and High Court and is likely to take about 4 months time.

The scrip has touched an intra-day high of Rs96.4 and a low of Rs85 and has recorded volumes of over 3.6mn shares on NSE.

Hero Honda declines ahead of results

Shares of Hero Honda have slipped ahead of the results to be announced later in the day. The stock was down by 2.5% to Rs1097 hitting an intra-day high of Rs1129 and a low of Rs1095 and has recorded volumes of over 0.5mn shares on NSE.

GHCL slumps as SEBI bans promoters from stock market

Shares of GHCL have declined sharply by over 10% to Rs28.5 after the market regulator SEBI directed GHCL Ltd., its promoter entities, Chairman, MD and the company Secretary not to buy, sell or deal in the securities market until further orders as SEBI found that GHCL Ltd. have been reporting false shareholding details of the promoters in their quarterly filing with the Stock Exchanges.

Further, SEBI has directed GHCL Ltd. to reconcile and file the correct shareholding details with the Stock Exchanges. The ban is valid until further order from the market regulator. 

The scrip has touched an intra-day high of Rs29 and a low of Rs25.7 and has recorded volumes of over 0.9mn shares on NSE.