Why Pritish Nandy Communications share rose 10% in opening trade
Pritish Nandy Communications share price hit upper circuit of 10 per cent for second day after the Chairman Emeritus of Tata Sons acquired a stake in the company through market purchases
BusinessToday.In | March 16, 2021 | Updated 10:34 IST
Pritish Nandy Communications share hit 10% upper circuit
Pritish Nandy Communications shares continued gaining streak for the second straight session on Tuesday on stake buying by Ratan Tata. The stock locked in upper circuit of 10 per cent for second day after the Chairman Emeritus of Tata Sons acquired a stake in the company through market purchases.
Extending previous session rally, Pritish Nandy Communications share price opened higher against previous closing price of Rs 23.50. The stock of the company gained as much as 10 per cent to hit intraday high of Rs 25.85. The market cap of the company surged by 3.4 crore to Rs 37.4 crore, from Rs 34 crore on Monday.
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BusinessToday.In | March 16, 2021 | Updated 16:30 IST
Share Market News: Sensex, Nifty end marginally lower
Paring early morning gains, the Indian benchmark indices ended marginally lower on Monday, weighed down by losses in metal and bank stocks. The BSE Sensex ended at 50,363, down 31 points or by 0.06 per cent, and the NSE Nifty ended 19 points or 0.3 per cent lower at 14,910. Bucking the trend, the broader markets ended higher, with MidCap and SmallCap indices rising 0.4 per cent and 0.32 per cent, respectively. The BSE Sensex touched intraday high of 50,857.98 and intraday low of 50,289.44, while the NSE Nifty touched intraday high of 15,051.6 and intraday low of 14,890.65. Among the individual stocks Asian Paints, Dr. R
India’s deal street continues to be active even though the Covid-19 pandemic is still raging in parts of the country. Tech Mahindra on Monday said it will acquire a 70 per cent stake in Perigord Asset Holdings Ltd (Perigord) for an undisclosed sum.
Perigord specialises in providing end-to-end packaging supply chain solutions to the life sciences industry such as artwork & labelling services, strategic consultancy and outsourcing.
Tech Mahindra will acquire the Indian subsidiary of Perigord Perigord Data Solutions India Pvt Ltd and Perigord Premedia (India) Pvt Ltd, while Mahindra Engineering Services (Europe) Ltd, a group firm, will acquire the other legal entities of Perigord.
Shares of Pritish Nandy Communications were trading 9.81 per cent higher at Rs 23.50 apiece on BSE. Ratan Tata, Chairman Emeritus of Tata Sons and Chairman of Tata Trusts
New Delhi: Pritish Nandy Communications on Monday said veteran industrialist Ratan Tata has invested in the company.
Details about investment and stake were not disclosed. Ratan Tata, Chairman Emeritus of Tata Sons and Chairman of Tata Trusts, has, in his personal capacity, acquired a stake in Pritish Nandy Communications Ltd through market purchases last week, Pritish Nandy Communications said in a regulatory filing.
Tata invests in start-ups and technology companies, the company added.
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The S&P BSE Sensex index gyrated 568.54 points during the session, moving between 50,289.44 and 50,857.98.
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NEW DELHI: Benchmark indices ended a volatile day on a flat note on Tuesday, erasing all of the gains registered in the morning. Rising crude oil prices and yields at high levels dented investors morale.
Investors will keenly watch the outcome of a Federal Reserve policy meeting that starts today, and any positive commentary or steps that could bring down the bond yields will work wonders for Indian markets, say analysts.