Among sectors, except pharma, realty, bank and auto, all other sectoral indices ended higher, with the power and oil & gas indices up a percent each. BSE midcap and smallcap indices rose 0.5 percent each.
India’s benchmark indices ended flat after hitting new highs in intraday trade. At close, the Sensex was down 14.77 points, or 0.03%, at 55,944.21, and the Nifty was up 10.10 points, or 0.06%, at 16,634.70.
Adani Ports | CMP: Rs 721.10 | The stock gained over 3 percent after the company received the Andhra Pradesh government’s approval for acquiring a stake in Gangavaram Port.
Canara Bank | CMP: Rs 151.10 | The share shed 3 percent as the public sector lender approved the allotment of more than 16.73 crore shares in a Rs 2,500-crore qualified institutions placement (QIP). The QIP opened on August 17 and closed on August 23, 2021. Ace investor Rakesh Jhunjhunwala picked a 1.59 percent stake in the bank, BSE data shows.
Tata Steel | CMP: Rs 1,390.60 | The share shed a percent on August 25. Brickwork Ratings has upgraded the rating of the company’s unsecured Non-Convertible Debentures/Bond Issues aggregating Rs 4,000 crore from BWR AA/Stable to BWR AA+/Stable.
Allied Digital | CMP: Rs 65.45 | The share price jumped 10 percent after the company won a six-year contract for a global automotive giant. It had won a six-year contract valued at $ 88 million (Rs 650 crore) to transform IT operating model and infrastructure landscape across workplace management for a global automotive giant, the company said in a release.
Borosil Renewables | CMP: Rs 309.30 | The scrip jumped 5 percent after the company’s board approved a resolution to raise a sum of up to Rs 500 crore through either a public offer, rights issue, issuance of ADRs or GDRs, issuance of FCCBs, QIP, preferential issue or through a combination thereof.
CreditAccess Grameen | CMP: Rs 600 | The scrip was down over 3 percent on August 25. The company’s board has approved the issuance of non-convertible debentures aggregating up to Rs 100 crore.
Gillette India | CMP: Rs 5,815 | The stock was down 2 percent on August 25. The company’s board has recommended a dividend of Rs 36 per equity share for the financial year ended June 30, 2021.
Wipro | CMP: Rs 631.65 | The scrip ended in the red after hitting a 52-week high intraday on August 25. The company has been awarded a strategic multi-year contract to partner with E.ON in its digital transformation journey in the financial area. The company will open a new delivery centre in Sherwood, Arkansas.
Kaveri Seed | CMP: Rs 575.75 | The share ended in the red on August 25. The board of directors approved a proposal for the buyback of fully-paid equity shares having a face value of Rs 2 each for an aggregate amount excluding any expenses incurred or to be incurred for the buyback.
Minda Industries | CMP: Rs 730 | The stock ended in the green after ICRA upgraded the long-term rating of Minda Industries at [ICRA] AA+ from [ICRA] AA. The outlook on the long term rating is stable. ICRA has also reaffirmed the short-term rating at [ICRA] A1+.
Sandip Das
