News for Paramount Communications Limited (PARACABLES.BO)

Paramount Communications shares surge 9% on BSE after receiving letter of intent for land lease in Madhya Pradesh.

Sensex, Nifty updates on December 3, 2024. Benchmark indices Sensex and Nifty experienced a third consecutive day of gains on Tuesday, driven by strong buying in blue-chip stocks, including HDFC Bank and Reliance Industries, alongside positive trends in global markets.

The board of directors of Paramount Communications Ltd. had approved raising funds through equity shares or other securities, by issuing a qualified institutional placement for Rs 400 crore on Thursday, according to an exchange filing on BSE.

With a sharp rally of 3,663%, Spright Agro is the top gainer in the list. Shares of the company traded at Rs 35.84 on May 6, 2024, against Rs 0.95 exactly two years ago

The recent consolidation in Nifty amid weak global cues indicates time-wise correction and traders should maintain a positive bias until the Nifty holds 22,200 level, sayd Ajit Mishra, SVP - Technical Research, Religare Broking.

In this week, BSE Sensex rose 596.87 or 0.81 percent to finish at 74,248.22 and touched record high of 74,501.73. Nifty50 index gained 186.8 points or 0.83 percent to close at 22,513.70 and touched new high of 22,619.

Shares of IREDA surged more 10.15 per cent to Rs 174.45 on Friday, with its total market capitalization crossing Rs 46,500 crore mark.

IREDA shares settled at Rs 158.35 on Thursday, rising 0.75 per cent for the day. The total market captialisation of the company stood more than Rs 42,500 crore for the day.

Stocks to watch: Check out the companies making headlines before the opening bell today, on April 5, 2024.

In this week, BSE Sensex lost 1,475.96 or 0.99 percent to end at 72,643.43 and Nifty50 shed 470.25 points or 2.09 percent to finish at 22,023.30. The BSE Smallcap index posted its biggest weekly losses since December 2022 as it plunged 6 percent in the week

Foreign institutional investors (FIIs) curtained their selling during the week as they sold equities worth of Rs 816.91 crore, while Domestic institutional investors (DIIs) continued their support as they bought equities worth Rs 14,147.5 crore.

ASK Automotive is a manufacturer of advance braking systems (ABS) for two-wheelers in India as well as overseas. It has 15 manufacturing units spread across five states in the country.

The company raised Rs 71.28 crore via public issue to be used mainly for setting up a new unit for house wires, fire-resistant wires and cables, aluminium cables and solar cables to expand the product portfolio.

Plaza Wires IPO | The demand for its equity shares also remained strong in the grey market, trading with 42 percent premium over the issue price, analysts said

Plaza Wires IPO Managed by Pantomath Capital Advisors Sees Record-Breaking Subscription

Stock Market News Live: Sensex and Nifty slipped into the red after opening higher in early deals on Monday amid weak cues from the Asian markets. Investor sentiment got hit by recession fears in the US and hawkish commentary from major central banks.

Indian benchmark indexes are trading lower today, on September 2. The Nifty 50 stood at 17,508.10 points, and Sensex stood at 58,621.85 points, till 10.24 am today. Nifty & Sensex opened green today but plunged later on weak global cues. The IT and oil stocks tumbling significantly.