Market News
4 min read | Updated on December 26, 2024, 13:32 IST
SUMMARY
Shares of newly listed NTPC Green Energy were trading 4.7% lower at ₹126.85 apiece on the BSE as the shareholder lock-in of the company ends today. On November 27, shares of the renewable energy arm of NTPC were listed with a premium of over 3% against the issue price of ₹108.
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At 1:13 PM, the S&P BSE SENSEX was trading at 78,482.67, up 10 points, or 0.01%
At 1:13 PM, the S&P BSE SENSEX was trading at 78,482.67, up 10 points, or 0.01%, while the NSE's NIFTY50 index was trading at 23,751.55, up 24 points, or 0.1%.
In a week, the stock has jumped 21.5%.
According to news reports, global brokerage firm JP Morgan is positive on the stock.
The brokerage, in its recent report, highlighted Sagility's strong positioning in the niche healthcare services segment, catering largely to non-discretionary spending, which provides a stable growth outlook even in uncertain market conditions.
JPMorgan emphasised that Sagility is well-placed to benefit from secular tailwinds, particularly due to the increasing trend of outsourcing in the US healthcare sector.
Weak September quarter results and the management commentary have been the biggest reasons behind the stock's continuous decline.
On Tuesday, the company said its subsidiary, Ceigall Ludhiana Bathinda Greenfield Highway, executed the concession agreement with the National Highways Authority of India (NHAI) on December 24, 2024.
The project is the development of the 6-lane access-controlled Ludhiana-Bathinda Greenfield highway section of NH-754AD from the junction with Moga-Barnala Road (NH-703) to the junction with the Delhi-Katra Expressway (NE-5) near Ludhiana as a part of the Ludhiana-Ajmer Economic Corridor in Punjab on the Hybrid Annuity Mode under the Bharatmala Pariyojna Phase-I (Package-2).
The cost of the bid project is ₹981 crore.
Last seen, the stock was trading at ₹354.20, up 2.82% on the BSE.
At the time of writing this report, the stock was trading at ₹447, up 2.87%.
On November 27, shares of NTPC Green Energy Ltd, the renewable energy arm of NTPC, were listed with a premium of over 3% against the issue price of ₹108.
The stock made its debut at ₹111.60, up 3.33% from the issue price on the BSE. Later, it climbed 12.40% to ₹121.40.
On the NSE, it listed at ₹111.50, up 3.24%.
In a filing to the stock exchanges on December 25, Ola Electric Mobility said that the company has expanded its network to 4,000 stores nationwide, registering a fourfold increase from the total number of stores.
The initial share sale will be a fresh issuance worth ₹1,000 crore and an offer-for-sale (OFS) up to 51,000,000 by Greaves Cotton and up to 138,398,200 shares by Abdul Latif Jameel Green Mobility Solutions DMCC.
Last seen, the stock was trading at ₹7,721.75 on the BSE, up 6.46%.
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