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A Flip by Avya Verma
Shares of PTC Industries, an engineering component manufacturer, surged 4.3% to ₹11,550 in intraday trade on Monday, November 18, after the company reported a strong set of numbers for the September-ending quarter. This rise also ended a three-day consecutive decline for the stock. Total income stood at ₹80.79 crore in Q2 FY25, up from ₹60.28 crore in Q2 FY24.
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Mohite Industries Ltd. has announced a sub-division or split of its equity shares. This means that each existing share with a face value of Rs 10 will be divided into 10 new shares, each with a face value of Re 1. The record date for this sub-division, which is the cut-off date to determine shareholders eligible for the split, will be announced by the Board of Directors.
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The Telangana government has sanctioned Rs 205 crore to acquire 280 acres of land for the development of Mamnoor Airport at Warangal, following a "No Objection" certificate from the GMR Group, which manages Hyderabad Airport. The Airports Authority of India will develop the airport for A-320 type of aircraft, with the state providing additional land free of cost.
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