Brightcom Group has been removed from Nifty Microcap 250 index, Nifty Total Market index and Nifty 500 Value 50 index. Ujjivan Financial Services was excluded from the Nifty Microcap 250 and Total Market index
Investors holding shares of UFS stand to make an easy 18 percent once the merger goes through, or so it seems. This is puzzling traders who have been buying UFS to benefit from the arbitrage.
Authum Investment & Infrastructure was the seller in JSW Energy.
According to the bulk deal data available with the NSE, Newquest Asia Investments II Ltd disposed of 30 lakh shares of Ujjivan Financial Services.
Ujjivan Financial Services rose nearly 2 percent to Rs 210, the highest closing level since August 13, 2021 and formed decent bullish candlestick pattern on the daily charts, while Elgi Equipments jumped more than 2 percent to end at record closing high of Rs 551 and formed small bodied bullish candle on the daily scale.
Ujjivan Financial Services jumped more than 6 percent to close at more than one year high of Rs 196 and formed a robust bullish candlestick pattern with large volumes, while Tejas Networks was up more than 6 percent to Rs 525 and formed a strong bullish candlestick pattern on daily charts with robust volumes.
HDFC Bank saw the most action on April 4 and was the biggest Nifty50 gainer, rising 10 percent to Rs 1,656.80 on the announcement of HDFC merger
On October 30, the bank had approved the scheme of amalgamation between Ujjivan Financial Services (transferor company) and Ujjivan SFB (transferee company).
Here's what Mehul Kothari of Anand Rathi Shares & Stock Brokers, recommends investors should do with these stocks when the market resumes trading today.
The tussle between the holding company and the small finance bank is an open secret. A series of exits from the bank, including that of the chief executive officer in the recent past, is no coincidence. With Carol Furtado and Sanjeev Barnwal in the lead, Ujjivan may be readying for a comeback.
On July 30, Panatone Finvest had acquired 16.77 percent stake in Tejas Networks. With the latest deal, Panatone's total equity shareholding in the company increases to 24.78 percent.
Employees Retirement System of Texas - Self Managed Portfolio bought 4,26,311 equity shares in HG Infra Engineering at Rs 472.23 per share.
The veteran banker says it is a lesson that they should not have taken their eyes off the ball and should have maintained relations with their investors. `At the end of the day, being a holding company, we cannot directly intervene in the bank’s operations. But definitely, I will be actively in touch with the investors,' says the Non-Executive Chairman of Ujjivan Financial Services
Ghosh, who will continue as the chairman of the company, told Moneycontrol that minority shareholders were probably upset with the share price performance during the COVID period.