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Sterlite Technologies shares hit a fresh 52-week high after rising 5% to the upper circuit, taking their 2026 gains to 745%. The rally follows the companys growth plans, capacity expansion and strong Q1 performance, supported by robust demand for optical connectivity products.
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News and Media
IFCI shares fell sharply on Wednesday after reports suggested NSE could price its IPO below earlier indications and reduce the stake offered. The proposed price band of Rs 1,7001,785 values NSE at around Rs 4.4 lakh crore. IFCIs indirect exposure to NSE through Stock Holding Corporation has put its shares under pressure.
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News and Media
PC Jeweller shares have surged 38% in a week and 40% in a month as the company moves closer to becoming debt-free. The jeweller has repaid outstanding dues to 10 of 14 consortium banks and cleared more than 96% of the remaining debt.
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News and Media
Graphite India shares surged 18.5% after GrafTech announced a minimum 30% hike in graphite electrode prices, raising hopes of improved realisations and margins. The companys June-quarter profit rose 28.4%, while EBITDA margin expanded sharply to 17.1%.
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News and Media
Adani Enterprises shares rose over 4% after Adani Airport Holdings announced a Rs 9,825-crore equity raise from Alpha Wave Global, Premji Invest, Temasek and BlackRock-managed funds. The funds will support airport expansion, modernisation and Airport City projects. AAHL expects the investment to boost capacity, while Adani Enterprises continues delivering strong share-price gains.
Category:
News and Media
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