Gold Silver Reports (GSR) – Symphony Share Price Gains After Stake Acquisition – Shares of the electronic-appliances maker extended gains for the fourth day, its longest winning streak since April 3. The stock rose as much as 3.5 percent to Rs 1496.40. The company had acquired 95 percent stake in Australia-based Climate Technologies for Rs 220 crore, according to its stock exchange notification.
Trading volume was 13.2 times its 20-day average, Bloomberg data showed.
Tech Mahindra Share Price Gains After Receiving Merger Approval
Shares of the information technology company extended gains for the second day and rose as much as 1.2 percent to Rs 699.50. The company received a merger approval with approval Sofgen India from National Company Law Tribunal, according to its stock exchange filing.
The stock trades 16.1 times trailing its 12-month earnings and 16 times its estimates for the coming year, Bloomberg data showed. The scrip returned 39 percent so far this year, compared to 88 percent gain in the past 12 months.
