Indian benchmark indices ended higher amid volatility ahead of the US Fed meeting. At close, the Sensex was up 351.87 points or 0.43 percent at 81,535.80, and the Nifty was up 88.30 points or 0.36 percent at 24,940.50. About 1,442 shares advanced, 2,107 declined, and 105 unchanged.
2/12
Balu Forge | CMP: 854.6 | The stock surged 11 percent. The company recently acquired specialised assets with an additional 14,000 TPA installed capacity, expanding its production capacity. These assets are scheduled for installation and commercialization by the second quarter of FY25, taking the total production capacity of precision-engineered components to around 32,000 TPA, shared the firm in its recent annual report.
3/12
Manoj Vaibhav Gems N Jewellers | CMP: 269.9 | The stock surged 10.4 percent. The firm recently shared its annual report for FY24, showing that PAT, revenue and EBITDA have all gained, while the overall net debt/equity ratio is coming down. Further, the company guided on store expansion in Andhra Pradesh and Telangana while also expanding to global markets via the e-commerce routes.
4/12
RBM Infracon | CMP: Rs 800.50 | The stock surged 5 percent to hit the upper circuit after the company announced on Friday that it has bagged a service order from the Oil and Natural Gas Corporation (ONGC). The order, valued at Rs 3,498 crore, comprises Rs 3,371 crore for crude and Rs 127 crore for gas at Nandej, as detailed in an exchange filing.
Jubilant Pharmova | CMP: Rs 1,023 | Shares skyrocketed 7.5 percent, driven by a surge in trading volumes in the counter. As much as 62 lakh shares of the company changed hands on the exchanges so far, significantly higher than the one-month daily traded average of 4 lakh shares.
6/12
Gujarat Fluorochemicals | CMP: Rs 3,964 | Shares surged 4 percent driven by a surge in trading volumes in the counter. As many as 20 lakh shares of the company changed hands on the exchanges so far, significantly higher than the one-month daily traded average of four lakh shares.
7/12
SpiceJet | CMP: Rs 64| Shares rose 4 percent after the company announced plans to issue shares to Carlyle Aviation as part of a restructuring deal to convert a portion of its dues into equity. Carlyle Aviation will acquire SpiceJet shares to settle part of its outstanding dues worth a total of $137.68 million. The restructuring exercise will also reduce SpiceJet's dues to $97.51 million, with $40 million of Carlyle Aviation's debt being converted into equity.
8/12
Deep Industries | CMP: Rs 476.6 | Shares skyrocketed 20 percent after the company bagged an order worth Rs 1,402 crore from Oil and Natural Gas Corporation (ONGC). The contract spread across 15 years, is for production enhancement operations in ONGC's mature Rajahmundry Asset and marks the Deep Industries' largest project to date, more than doubling its current order book. As of June 30, 2024, the company’s order book stood at Rs 1,246 crore.
Jupiter Wagons | CMP: Rs 508.7 | The stock fell for a third straight session as it plunged 7 percent to hit an intraday low of Rs 507.45 on the National Stock Exchange (NSE). The stock has been falling on heavy volumes, and profit-booking.
10/12
VST Industries | CMP: Rs 440 | shares tanked 9 percent as investors rushed to book profits off the stock after its over 18 percent surge in the past session. The stock, part of ace investor Radhakishan Damani's portfolio, surged more than 18 percent in the previous session as it marked the record date for the company’s bonus issue. In July, VST Industries announced a 10:1 bonus share issue, initially setting August 30 as the record date, which was later revised to September 6.
11/12
NMDC | CMP: Rs 208.3 | The stock fell 1.3 percent as International iron ore prices slipped below the $90 per tonne mark on September 9, to hit a 22-month low as continued weakness in Chinese demand weighs on prices. The weakness in global prices is reflected in shares of Indian iron ore producers like NMDC, pulling them down by 2 percent.
12/12
Rama Steel Tubes | CMP: Rs 14.86 | The stock ended its five-session-long winning streak by falling 10 percent as investors rushed to take some profits off the table. Over the past five sessions, shares of the steel player had surged almost 60 percent.
