April 25, 2024
Stock Market

Stock Market Live Updates 20 February 2024: Sensex, Nifty open in red on weak global cues


Torrent Power: The company will develop four projects of pumped storage hydro, green hydrogen, solar energy generation with investment of Rs 25,000 crore in Uttar Pradesh.

Godrej Consumer: The company and its arm will divest entire stake in its in Mauritius-based unit

Godrej East Africa Holdings to HKG Africa Weave for consideration of ₹30 crore.

CIE Automotive: The company reported a 0.29 per cent decline in revenue at ₹2,240.39 crore year-on-year in the third quarter, while net profit was down 9.12 per cent at ₹177.05 crore. The board approved a final dividend of ₹5 per share.

LT|Mindtree: The company announced the launch of Navisource. Al, a GenAl powered autonomous sourcing platform. The platform aims to reduce overall procurement cost by 10-15 per cent.

Paisalo Digital: The board will consider fundraising on Feb. 22.

Piramal Enterprise: The company to consider fund raising on Feb 22.

Ugro Capital: The company appointed Sharad Agarwal as the Chief Operating Officer, after Om Prakash Sharma resigned.

Marico: The FMCG giant introduced four gourmet style flavours in its flavoured Oats range, under the flagship brand – Saffola.

Rhi Magnestia India: Vijaya Gupta resigned from the position of Chief Financial Officer.

Tasty Bite Eatables: Milin Bande has resigned from the position of Chief Financial Officer.

Astra Microwave Products: The company incorporated a wholly owned subsidiar Astra Space Technologies for ₹10 lakh.

Hikal: The company appointed Dharmesh Panchal as the Chief technology officer.

Orient Green Power: Edelweiss (Plaintiff) has withdrawn from the suit filed against promoter SVL and the company before the High Court of Bombay.

ABB India, Elantas Beck India: The two companies will announce their quarterly results on Tuesday.

New Listing 

Vibhor Steel Tubes: The company’s shares will debut on the stock exchanges on Wednesday at an issue price of ₹151 apiece. The ₹72.17 crore was subscribed 298.86 times on its third and final day. The public issue was subscribed to 298.86 times on day 3. The bids were led by non-institutional investors (721.34 times), retail investors (188.17 times), and institutional investors (178.73 times) and portion reserved for employees (201.48 times).

Block Deals

Minda Corp: Bela Agarwal sold 1.08 crore shares (4.53 per cent), while Motilal Oswal Mutual Fund bought 43.7 lakh shares (1.82 per cent), Kotak Mahindra Mutual Fund bought 42.93 lakh shares (1.79 per cent). Mahindra Manulife Mutual Fund bought 7.4 lakh shares (0.3 per cent) at ₹403 apiece. 

Bulk Deals 

Sula Vineyards: Verlinvest Asia Pte sold 70.42 lakh shares (8.34 per cent) at ₹576.78 apiece, Mousserena LP sold 29 lakh shares (3.43 per cent) at ₹575.47 apiece, while Morgan Stanley Asia Singapore PTE bought 8.65 lakh shares (1.02 per cent) at ₹575 apiece. 

Shilpa Medicare: TA FII Investors sold 13.45 lakh shares (1.54 per cent) at ₹407.05 apiece. 

Hindustan Foods: Sixth Sense India Opportunities 11 sold 6.06 lakh shares (0.53 per cent) at ₹528 apiece. 

Coffee Day Enterprise: Malavika Siddhartha Hegde sold 40 lakh shares (1.89 per cent) at ₹64.91 apiece.

Insider Trades 

Sasken Technologies: Promoter group Bharat Pravinchandra Mehta sold 2,500 shares on Feb 16. 

Bajaj Finserv: Promoter Bachhraj and Company bought 14.26 lakh shares, Deepa Bajaj sold 1.24 lakh shares, Rajivnayan Bajaj sold 3.2 lakh shares and Rishab Family Trust Rajivnayan Bajaj sold 9.82 lakh shares on Feb. 14. 

Pledge Share Details

Jamna Auto Industries: Promoter Map Auto revoked a pledge of 1.25 lakh shares on Feb. 16. 

Paisalo Digital: Promoter Equilibrated Venture Cflow revoked a pledge of 1.32 crore shares on Feb. 16.

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