Sterlite Tech launched the next generation data center solutions to meet AI’s growing demand, and today the stock jumped 19.71% to ₹ 119.00 in intra-day for the second consecutive day. The company has introduced high -performance fiber and copper cabling solutions for modern buildings, complexes and data centers. Due to this, it reached the upper circuit of 20% in intra-day a day earlier and closed at the end of the day with a gain of 19.27%.
Happy Minds Technologies
Current price: ₹ 667.65 (+10.96%)
Brokerage firm Anand Rathi launched coverage on Happiest Minds with a purchase rating at a target price of ₹ 790, and today the stock jumped 12.02% in intra-day to ₹ 674.00. The target price set by the brokerage firm for this stock is the highest.
Nuwama wealth
Current Price: According to media reports ₹ 7385.00 (+4.53%), private equity investor Warburg is considering purchasing a multiplicity stake in Nuwama Wealth. On this revelation, Nuwama Wealth shares jumped 5.05% to ₹ 7422.00 in intra-day today.
Vipul orgenix
Current Price: ₹ 188.25 (+4.99%) Vipul Organics got its first commercial order for its new organic intermediate product, so the stock jumped 5% in intra-day today to reach the upper circuit of ₹ 188.25 and closed at the same level. This product is for the automobile sector and through it the company’s product line has entered the automotive supply chain.
Tanla platform
Current Price: After the ₹ 676.40 (+2.97%) board was approved by the board at a price of ₹ 875 per share, the shares of Tanla platforms jumped 7.78% to ₹ 708.00 today.
Axiscades technology
Current price: ₹ 1282.70 (+5.00%)
Axiscade Tech shares today jumped 5% in intra-day to an upper circuit of ₹ 1221.65 and closed at the same level on their strategic partnership with Indra of Europe. Under the partnership, the two together will develop products for domestic and foreign markets. Under this, Indra solution such as Tacan antenna and countmate systems will be made in India only. Indra will get defense related products and services from Axiscade.
Voltas
Current price: ₹ 1291.50 (-1.67%)
According to the recent conference call update, the sale of Voltas Room AC declined by 20-25% in April and May, so today the stock also fell 2.39% to ₹ 1282.05 in intra-day.
Biocon
Current Price: ₹ 352.55 (-1.33%)
Biocon’s QIP issue was launched on 16 June at a floor price of ₹ 340.20 per share. Due to this, the stocks fell 2.04% to ₹ 350.00 today.
Ugro Capital
Current Price: ₹ 173.00 (-0.14%) shares of NBFC Ugaro Capital fell 1.88% to ₹ 170.00 in intra-day today, because CCD (compulsory convertible debenture) and rights issue to raise ₹ 1315 crore through the issue was under investigation. The Proxy Advisory firm IIAS (Institutional Investor Advisory Services) has advised against the CCD proposal due to concerns over the cash return structure. The IIAS says that the proposal will give unfair advantage to warrant holders and minority shareholders will be damaged. This structure includes additional interest and an advance coupon of 12.5% if the warrant is not converted into shares, which can affect profitability.
Lakshmi Organic Industries
Current price: ₹ 194.30 (-2.14%)
After the Bombay High Court dismissed the writ petition of Laxmi Organic Industries against MSEDCL (Maharashtra State Electricity Distribution Company Limited), its shares fell 2.14% in intra-day to ₹ 194.30 today.
