Stock Split: This steel maker will divide its shares after 1,160% returns in 18 months

This is the first instance of Jai Balaji Industries, the steel producer, announcing a stock split.

This is the first instance of Jai Balaji Industries, the steel producer, announcing a stock split.

The Andhra Pradesh government and Reliance Group on Tuesday signed a deal worth ₹65,000 crore to establish 500 compressed biogas (CBG) plants in the state over the next three years.

EMS shares fell 1.3% to finish the session at a price of ₹762.00 on Tuesday. The company, which has a market capitalisation of ₹4,488 crore, has seen its shares rise 220% over the last year.

GSFC Q2 Results | While net profit and revenue fell, EBITDA surged 19.6% and EBITDA margin improved to 10.8%. Shares of Gujarat State Fertilisers and Chemicals Ltd ended at ₹195.80, down by ₹3.10, or 1.56%, on the BSE.

These acquisitions include a 100% stake in SBC Beverages Tanzania Limited (SBCT), a 100% stake in SBC Beverages Ghana Limited (SBCG), and the remaining 39.93% stake in Lunarmech Technologies, a producer of plastic closures for PET bottles currently used by…

Federal Bank raised ₹1,500 crore in its debut infrastructure bond issuance, with strong demand oversubscribing the base issue of ₹750 crore, according to the bank’s latest regulatory filing.

The Nifty50 index has now edged closer to its previous swing low of around 23,800, with banking heavyweights leading the decline and dampening hopes of a recovery once again.

CESC Q2 Results | The EBITDA margin stood at 19% in the reporting quarter versus 14.8% year-on-year. Shares of CESC Ltd ended at ₹183.75, down by ₹0.30, or 0.16%, on the BSE.

PNC Infratech Q2 Results | EBITDA dipped 10.9% to ₹356.4 crore over ₹399.8 crore in Q2 of FY24. Shares of PNC Infratech Ltd ended at ₹318.65, down by ₹2.95, or 0.92%, on the BSE.

Nykaa shares price ended 1.73% lower at ₹179.35 on BSE on Tuesday.