Mon, Nov 25, 2024 9:06 AM
CESC arm seals Rs 871 crore deal for Chandigarh power distribution
A Flip by Avya Verma
Shares of Swan Energy surged 6% to their day’s high of Rs 620.25 on the BSE after the company on Friday announced that it has approved the scheme of arrangement and amalgamation between its wholly owned subsidiary Triumph Offshore and Reliance Naval and Engineering, which will create a more competitive entity in the shipbuilding and heavy engineering sectors.
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Shares of Shakti Pumps zoomed 5% to hit their upper circuit of Rs 828 on the BSE today as the stock started trading on an ex-bonus basis from today. The company had announced a 5:1 bonus share issue for its shareholders. The company had announced November 25 as the record date for the purpose. After the implementation of the T+1 framework, the record date and ex-date are the same in most cases.
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Indian Bank's shares surged over 7% after Financial Services Institutions Bureau (FSIB) recommended Binod Kumar as CEO and MD, succeeding Shanti Lal Jain whose term ends December 31. The bank aims to meet growth targets, improve asset quality, and focus on profitable growth, with a 35% year-to-date share price increase.
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