Mumbai: Even as Sensex and Nifty declined in early trade on Friday, Rama Steel share price continued to rally for the third consecutive day. Meanwhile, Bazaar Style shares made a flat debut on Dalal Street. Vodafone Idea shares plunged over 11 per cent. SBI Cards shares jumped over 4 per cent.
Rama Steel share price
The smallcap stock opened on a positive note and was trading over 13 per cent gains in early trade today. Rama Steel share price trading at Rs 15.78 at 9:43 am on September 6. Rama Steel Tubes share price rallied 32 per cent in two days – September 4 and 5. The stock closed at Rs 10.52 on September 3 ended at Rs 13.85 on September 5, 2024.
Rama Steel Tubes share price have been going north after the company signed a deal for a strategic collaboration with Onix Renewable Ltd for Green and Renewable Energy. The company has partnered with Onix to provide steel structures along with single-axis Trackers. “Rama Steel will also focus on dual-axis trackers to be expanded in the future essential for solar projects undertaken by Onix Renewable Ltd,” the company said in a statement.
Onix Renewable Ltd is engaged in Renewable Energy sector – Energy Transition, Storage, Utility, Infrastructure, Wind, Solar, IPP, EPC, Hybrid, Green Hydrogen, R&D, Power Generation, Solar Panel Manufacturer.
Bazaar Style share price
Bazaar Style shares make a muted debut on Dalal Street at Rs 389 apiece. The Rekha Rakesh Jhunjhunwala-backed company’s stock got listed at its issue price. The IPO had received strong subscription and GMP indicated that the share could list at around 8-10 per cent premium. The IPO subscription status was 40.63 times; 9.07 times in the retail category, QIB categry recorded 81.83 times subscription and 59.41 times in the NII category.
Vodafone Idea share price
Vodafone Idea share price plummeted over 11 per cent. The telecom stock was trading at Rs 13.28 at 10:22 am today. The telecom stock plummeted as global brokerage firm Goldman Sachs said that the debt-ridden telecom firm could see it stock falling drastically. The brokerage gave a target price of Rs 2.5.
SBI Cards share price
SBI Card share price gained over 4 per cent in morning trade today. The stock was trading at Rs 799.20 at 10:25 am. It may be noted that SBI Cards is the only publicly listed non-banking financial company (NBFC) in the credit card lending sector.
In its Q1 2024-25 Results, SBI Card and Payment Services registered a profit after tax of Rs 594.45 crore. The total income during the quarter ending June increased to Rs 4,483 crore as compared to Rs 4,046 crore in the first quarter of 2023-24.
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Trending Stocks today: Rama Steel continue to rally. Idea share price plummet over 9 per cent. Bazaar Style shares made a muted debut on BSE and NSE. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
