- Shares of railway companies rallied in trade on Thursday after the consortiums led by Rail Vikas Nigam Ltd., and Bharat Heavy Electricals Ltd., emerged as key winners for manufacturing and maintenance of 200 Vande Bharat trainset.
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Adani Enterprises Declines After Large Trades
- Shares of Adani Enterprises Ltd. declined 1.29% to Rs 1,544.1 apiece in trade after 367.8 lakh or 3.2% equity changed hands in two bunched trades.
The stock fell as much as 10% to Rs 1,407 apiece after the large trade.
Rail Vikas Nigam Climbs 10% After Bagging Vande Bharat Project
- Shares of Rail Vikas Nigam Ltd. advanced 9.83% to Rs 64.25 apiece in trade on Thursday.
The company emerged as the lowest bidder for manufacturing-cum-maintenance of Vande Bharat train sets, including upgradation of the government manufacturing units and trainset depots, in joint venture with selected partners.
Adani Enterprises Jumps Over 30% In Two Days
- Gautam Adani’s flagship company, Adani Enterprises Ltd., gained 30% in the last two days following roadshows in Singapore and Hong Kong that addressed bond holders.
- The surge came after a report said Adani Enterprises has secured a $3 billion credit line from a Middle Eastern sovereign fund.
Paytm Parent One 97 Communications Declines In Trade
Shares of Paytm parent, One 97 Communications Ltd. declined 6.75% to Rs 592.2 apiece in trade on Tuesday.
Morgan Stanley Maintains “Overweight” On Bajaj Auto
Shares of Bajaj Auto Ltd. rose 1.16% to Rs 3,698.5 apiece in trade on Tuesday as the automotive stocks advanced in trade.
Indiabulls Real Estate Down After Changes In The Top Management
Shares of Indiabulls Real Estate Ltd. declined 4.93% to Rs 57.9 apiece in trade on Tuesday after the company appointed president Sachin Chittaranjan Shah as executive director of the company for a tenure of five years, effective Feb. 27, 2023.