New Delhi: The share price of Adani Group stocks, Ola Electric, Saraswati Saree Depot, Hindustan Copper and Tata Consumer products, and Vedanta are expected to be in focus on August 20, 2024.
Adani Group stocks
Billionaire Gautam Adani led Adani Group reported that its June quarter pre-tax profit increased by 33 per cent on back of strong performance by core infrastructure business.
“EBITDA (in April-June) surged by 32.87 per cent year-on-year to reach Rs 22,570 crore, resulting in a trailing twelve-month (TTM) EBITDA of Rs 79,180 crore, marking a 45.13 per cent increase over the corresponding TTM of the previous year,” the group said in a statement.
Ola Electric
It has been a dream run for shareholders of Ola Electric Mobility Ltd. The stock jumped 10 per cent to hit the upper circuit limit on August 19, 2024. Since, its debut on August 9, the scrip has jumped 92.14 per cent.
On BSE, the Ola Electric share price rallied 10 per cent to Rs 146.03 to hits its upper circuit limit, At the NSE, it gained 9.99 per cent to hit the upper circuit of Rs 146.38.
Saraswati Saree Depot
The shares of Saraswati Saree Depot are set to make their debut on NSE and BSE today. Several reports suggest that the stock is going strong in the grey market and its GMP is around Rs 46. The scrip is expected to be listed at a 29 per cent gain over the upper end of the IPO price.
Hindustan Copper
Life Insurance Corporation of India (LIC) has confirmed selling a 2.09 per cent stake in Hindustan Copper for Rs 447 crore through an open market transaction. LIC offloaded a total of 2,01,62,682 shares in Hindustan Copper, which were sold at an average cost of Rs 221.64 apiece, taking the transaction value to Rs 446.8 crore.
“Holding decreased from 8.171 per cent to 6.086 per cent, a decrease of 2.085 per cent during the period from September 27, 2023, to August 16, 2024, at an average cost of Rs 221.64,” the filing said.
Tata Consumer
Tata Consumer Products Ltd on August 19 closed its rights issue of Rs 3,000 crore. The company had opened the issue on August 5.
In its regulatory filing, it stated that its meeting of the capital raising committee of the board of the company held on July 23, 2024, approved the terms of the issuance of equity shares face value of Re 1 each by way of rights issue for an amount aggregating up to Rs 2,997.77 crore.
“The issue opened on Monday, August 5, 2024 at 9 am and closed today (Monday), August 19, 2024 at 5 pm,” the filing said.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Stocks in news today: Adani Group stocks, Ola Electric, Saraswati Saree Depot, Hindustan Copper and Tata Consumer products, Vedanta Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
