News for Systematix Corporate Services Limited (SYSTMTXC.BO)

Stocks including Titan, ABB India, IRCTC, Afcons Infra, Gland Pharma, Dixon Tech, Raymond, Amara Raja Energy and more will be the spotlight on Tuesday, November 05.

Shares of Premier Polyfilm and Systematix Corporate Services will be focused today due to announced stock splits. Both companies set November 5 as the record date. Premier Polyfilm will split shares from Rs 5 to Re 1, while Systematix Corporate Services will do the same. This is the first stock split for both companies, as per Trendlyne data.

Indian benchmark equity indices gained during a special one-hour "muhurat" trading session on Friday, marking the Diwali festival, driven by auto stocks boosted by positive monthly sales data.

Indian equity indices fell for a third session due to lackluster corporate earnings and foreign selling, despite gains from Bajaj Finance. Analysts suggest Nifty's crucial support is at 24,378; a break below could lead to further declines.

Promoters and promoter group entities hold a 85.03 per cent stake in the company while public shareholders hold the rest 14.97 per cent stake.

Stocks including HDFC Bank, Infosys, Nuvama Wealth, IndiGo, RITES, Torrent Pharma, Indian Bank & RailTel and more will be the spotlight on Friday, September 27.

The board of directors of Systematix Corporate Services Ltd. has given its nod to raise Rs 103 crore via preferential allotment of shares to non-promoters. In the board meeting called on Sept. 14, it was decided to issue and allot 6.73 lakh shares of face value of Rs 10 at a "price of Rs 1,531 per equity share", the company said in an exchange filing. The issue price marks a discount of around 5% as compared to the closing price of Rs 1,610 on the BSE on Sept. 13.

D-Street settled at record closing high on Monday, led by financials, index heavyweight Reliance Industries and energy stocks. The volatility indicator ended 15% lower as exit polls predicted that PM Narendra Modi will retain power with a landslide victory. Momentum indicator Moving Average Convergence Divergence showed bullish trade on the counters of Amines & Plasticizers, Advait Infratech, and AMIC Forging, among others.

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