Market News
4 min read | Updated on December 30, 2024, 13:58 IST
SUMMARY
At 1:24 PM, the S&P BSE SENSEX was trading at 78,575.46, down 123.6 points, or 0.16%, while the NSE's NIFTY50 index was trading at 23,768.95, down 44.45 points, or 0.19%.
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Shares of Cigniti Technologies, one of the leading AI & IP-led digital assurance and digital engineering services companies, tumbled as much as 7.79% to ₹1,705.20 apiece on the NSE.
At 1:24 PM, the S&P BSE SENSEX was trading at 78,575.46, down 123.6 points, or 0.16%, while the NSE's NIFTY50 index was trading at 23,768.95, down 44.45 points, or 0.19%.
Adani Enterprises is one of India's largest listed incubators, which has conceived, grown, matured, and demerged many successful businesses, including ports company Adani Ports & SEZ, city gas distributor Adani Total Gas, power transmission company Adani Energy Solutions, renewable energy firm Adani Green Energy, Adani Power, and commodities firm Adani Wilmar.
Coforge will absorb the smaller Cigniti Technologies. As per the share swap ratio announced, Cigniti’s shareholders will be issued one equity share of Coforge for every five shares they hold in Cigniti.
Shares of Coforge, on the other hand, were trading 1% higher at ₹9,553.15 apiece on the BSE.
The stock made its debut at ₹593.70, rallying 51.84% from the issue price on the BSE. Later, it jumped 55.75% to ₹609.
On the NSE, it listed at ₹600, reflecting a premium of 53.45%.
The 582 crore initial public offering (IPO) of Senores Pharmaceuticals Ltd received 93.69 times subscription on the final day of bidding amid strong investors' participation.
In a month, the share price of the company has surged over 31%.
The IT company posted a 15.2% on-year decline in consolidated net profit to ₹49.52 crore in the September 2024 quarter.
It reported a net profit of ₹58.46 crore in the year-ago period, according to a regulatory filing.
Revenue from operations during the quarter under review came in at ₹521.64 crore, an increase of 28.2% from ₹406.62 crore in Q2 FY24.
The stock price fell as the company's chief marketing officer (CMO), Anshul Khandelwal, and chief technology officer (CTO), Suvonil Chatterjee, resigned with immediate effect on Friday, December 27.
The gas leakage at the CMS-1 plant of the GFL in Bharuch was caused by a valve that released toxic gas.
As a result of this incident, operations at the plant were temporarily disrupted.
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