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4 min read | Updated on November 26, 2025, 12:42 IST
SUMMARY
Shares of the country's largest lender rose for second straight session and climbed as much as 1.56% in intraday deals to hit a record high of ₹999 mirroring gains in other banking shares as NIFTY Bank index surged to record high.
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Shares of Excelsoft Technologies made a strong debut on the stock exchanges on Wednesday. Image: Shutterstock
The Indian equity benchmarks extended gains in noon deals on Wednesday, November 26, on the back of a broad-based buying interest amid strong cues from global markets. The SENSEX rose as much as 878 points and NIFTY50 index touched an intraday high of 26,161 powered by surge in Reliance Industries, State Bank of India, Larsen & Toubro, Axis Bank, Bajaj Finance and HDFC Bank.
As of 12:16 pm, the SENSEX was up 848 points at 85,435 and NIFTY50 index advanced 274 points to 26,158.
The measure of 12 banking stocks on the National Stock Exchange - NIFTY Bank index - surged as much as 695 points or 1.18% to hit fresh record high of 59,515.
The measure of state-run lenders outperformed their NIFTY Bank peers as NIFTY PSU Bank index advanced 179 points or 2.11% to an all-time high of 8,665.70.
The company will sell shares through one or more share sales on the stock exchanges at a floor price of ₹2,096.70 per share, a 3% discount to Bharti Airtel's closing price of ₹2,161.60 apiece on the NSE on Tuesday, according to a term sheet seen by PTI.
The company has progressed in securing the licence for this strategic business venture and is evaluating how to structure it, the company's top official said in an interview with PTI.
It will be executed either through the company's own balance sheet or through a special purpose vehicle (SPV).
"We are evaluating whether to carry out leasing business from the company itself or through an SPV. Since wagon leasing will be categorised as operating leasing and not a financial one, an NBFC (Non-Banking Financial Company) licence is not a necessity," Titagarh Rail Systems Vice Chairman and Managing Director Umesh Chowdhary told PTI.
The total size of the issue (assuming full uptake) is ₹24,930.30 crore through the issuance of over 13.85 crore new shares, according to the company's rights issue filing.
The issue closes on December 10.
The company plans to increase its clinker production capacity by 2.31 million tonnes per annum (MTPA) and cement grinding capacity by 1.2 MTPA, supported by a proposed investment of ₹1,816 crore.
The MoU for the proposed investment was formally signed during the Chhattisgarh Investor Connect event held on Tuesday in New Delhi, in the presence of Chief Minister Vishnu Deo Sai.
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