Servotech Power to consider stock split next week, stock up 5%
Business | May 19, 2023 16:44 ISTThe current face value of each share of the leading manufacturer of LED lights, solar panels and UVC disinfection products is Rs 2.
The current face value of each share of the leading manufacturer of LED lights, solar panels and UVC disinfection products is Rs 2.
This comes close on the heels of the fund picking 55 lakh shares of the company earlier this month at an average price of Rs 2.45.
The shares of Vikas Ecotech rallies more than 5 per cent on the BSE on the back of announcement.
With the latest round of payment, the company's total amount of bank-debt now stands reduced to Rs 791.30 million. Its overall bank-debt has been reduced to Rs 908.70 million till date.
A smallcap category company having a market cap of Rs 726 crore, Medico Remedies shares were split recently.
Once the split comes into effect, the face value of each share of Apollo Micro Systems will reduce to Rs 1 each.
According to a filing by the company, it has recorded the highest sales volumes of 91,232 thousand tonnes in the third quarter of the current fiscal, registering a 40 per cent rise on a Y-o-Y basis.
Rupee v/s Dollar: At the interbank foreign exchange, the domestic unit opened at 82.35 against the dollar, then pared the gains to 82.41, registering a loss of just 1 paisa over its previous close.
Both the benchmark indices were trading lower, with the Sensex falling 146.56 points to 58,884.74 and the Nifty declining by 43.95 points to 17,533.55.
The CBI, and now ED, have named Pandey, his Delhi-based company, NSE's former MD and CEOs Narain and Ramkrishna, executive vice president Ravi Varanasi and head (premises) Mahesh Haldipur, among others, in their respective complaints.
The Bank of Russia also said it had yet to decide whether to open the Moscow Exchange, other than the forex and money market, on Monday. The opening time has already been pushed a few times in the last few hours.
BSE on Tuesday crossed the milestone of 8 crore registered users based on Unique Client Code (UCC).
Zomato got bids for 344.76 crore shares against 71.92 crore shares on offer, stock exchange data showed.
Sensex soared over 600 points in early trade on Tuesday, led by gains in index majors HDFC twins, ICICI Bank and Infosys amid a positive trend in global markets.
MTAR Technologies share is scheduled for listing today. MTAR share will be listed on NSE and BSE at 10 am. MTAR grey market premium (GMP) shows a bumper listing gain.
Orchid Pharma share has rallied 6,900 per cent in just four months. The share was trading at Rs 18 on November 3 last year. It touched lifetime high of Rs 1,245.30 on March 9.
The Gross Domestic Product (GDP) grew 0.4 per cent in the October-December 2020 period compared with the same period a year back, data released by the National Statistics Office on Friday showed.
On March 24, 2020 Sensex touched a decadal low of 25,638.9 points after the announcement of the nationwide lockdown to tackle Covid. Interestingly, it took the index just 10 months to reach the landmark 50,000 mark.
The National Stock of Exchange (NSE) India Ltd may get the approval of the Securities and Exchange Board of India (SEBI) for the Initial public offering (IPO), according to reports.
Sensex opened around 500 points higher at 28,640.73 while Nifty was above 8,200 in the opening session on Friday. The indices, however, succumbed to profit-booking at higher levels as concerns remained over the rising cases of the novel coronavirus (Covid-19), traders said.
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