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GIFT Nifty Slips as Several Stocks Enter Focus
GIFT Nifty was down 12 points, and several companies had news that investors may watch.
Nityas Gems & Jewellery is set to start trading after raising money through a share sale.
Tata Power and Ocean Sun plan to test floating solar panels at a reservoir in Maharashtra.
Ola Electric plans to offer new shares to eligible investors.
Senco Gold said its revenue grew and that it opened more showrooms.
HCL Technologies opened a new regional headquarters in Johannesburg with an AI centre.
Some banks also raised interest rates after the Reserve Bank of India increased its policy rates.
Other companies reported business updates, fundraising plans, or changes to projects.
GIFT Nifty was down 12 points, while company updates put stocks including HCL Technologies, Tata Power, Ola Electric and Hindustan Aeronautics in focus.
Nityas Gems & Jewellery is scheduled to debut on October 8 after raising Rs 108 crore in an IPO subscribed 2.26 times.
Tata Power and Ocean Sun plan a 300-kWp floating solar pilot at Tata Power’s Mulshi reservoir in Maharashtra.
Ola Electric approved 37.02 crore rights shares worth Rs 999.73 crore, priced at Rs 27 each; the issue is scheduled for October 22–30.
Senco Gold reported 31% year-on-year revenue growth in the second quarter and expanded its network to 215 stores.
- Who
- Companies including Nityas Gems & Jewellery, Tata Power, Ola Electric, Senco Gold and HCL Technologies.
- What
- A market roundup of company announcements and stocks in focus; GIFT Nifty was down 12 points.
- Where
- The announcements include projects and business activity in India and HCL Technologies’ new regional headquarters in Johannesburg, South Africa.
- When
- The updates refer to October 7 and October 8, with some company results covering July–September.
- Why
- Company announcements included a planned IPO debut, fundraising, business results, expansion and project updates.
Key facts
- GIFT Nifty
- Down 12 points.
- Nityas Gems & Jewellery IPO
- Raised Rs 108 crore; subscribed 2.26 times.
- Tata Power–Ocean Sun project
- A 300-kWp floating solar pilot is planned at Tata Power’s Mulshi reservoir.
- Ola Electric rights issue
- 37.02 crore shares at Rs 27 each, worth Rs 999.73 crore; scheduled to open October 22 and close October 30.
- Senco Gold
- Reported 31% year-on-year revenue growth and a network of 215 stores.
- HCL Technologies
- Opened a regional headquarters in Johannesburg that will house an AI Center of Excellence.
- Allcargo Terminals
- September volumes were 61,800 TEUs, down 7% year-on-year and 6% month-on-month.
Sources
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