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NMDC, Vishal Mega Mart, MobiKwik, Sanghi Industries, Va Tech Wabag, Akzo Nobel India: Check top buzzing stocks of the day
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5 min read | Updated on December 18, 2024, 12:56 IST
SUMMARY
Shares of Vishal Mega Mart Ltd jumped 41% in debut trade on Wednesday against the issue price of ₹78. The stock was listed at ₹110, rallying 41% from the issue price on the BSE. Later, it surged 42.24% to ₹110.95. The ₹8,000 crore initial public offer of Vishal Mega Mart received 27.28 times subscription on the closing day of bidding.
Stock list
At 12:42 PM, the S&P BSE SENSEX was trading at 80,105.95, down 578.50 points, or 0.72%
At 12:42 PM, the S&P BSE SENSEX was trading at 80,105.95, down 578.50 points, or 0.72%, while the NSE's NIFTY50 index was trading at 24,162.65, down 173.35 points, or 0.71%.
The company's filing read, "With reference to our above intimation dated September 06, 2024, relating to the 300 MLD Mega Sea Water Desalination Plant Order in the Kingdom of Saudi Arabia, we hereby inform you that the customer has notified all tender participants on December 16, 2024, that the said tender stands cancelled pursuant to their internal administrative procedures. We are currently in touch with the customer to understand and comprehend the reasons in detail."
Last seen, the stock was trading over 11% lower at ₹1,674.70 on the BSE.
The stock tanked 12.35% to ₹67.42—its 52-week low—on the BSE.
On the NSE, it slumped 12.86% to ₹67.01—the 52-week low.
Adani Group will merge its recently acquired Sanghi Industries and Penna Cement with Ambuja Cements to consolidate cement operations in one unit, the conglomerate said Tuesday.
The stock listed at ₹110, rallying 41% from the issue price on the BSE. Later, it surged 42.24% to ₹110.95.
On the NSE, it listed at ₹104, a jump of 33.33% from the issue price.
The ₹8,000 crore initial public offer of Vishal Mega Mart received 27.28 times subscription on the closing day of bidding.
The stock made its market debut at ₹660, soaring 20.21% from the issue price on the BSE. It further jumped 27.86% to ₹702.
On the NSE, shares of the firm began the day at ₹650, up 18.39%.
This marks KPIL's first equity raise in over a decade, the company said in a statement.
This order is for the supply of 3 MW-class wind turbines. This order is to be delivered within H1 CY25, and it will be installed at the hybrid renewable energy project site being developed by Serentica Renewables in Karnataka, the company said in a statement.
Additionally, IWL will provide multi-year post-commissioning operations & maintenance (O&M).
The stock was trading over 1% lower at ₹190.05 on the BSE.
The tax authorities had issued a demand for ₹87.9 crore, including ₹43.9 crore in tax and ₹44 crore in penalty, along with applicable interest for the period from April 2018 to January 2023.
Karnataka is an important state for NMDC as it contributes to nearly 35% of the overall mix for the company, the report said.
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