Why are shares of NLC India, Talbros Automotive, Satin Creditcare and Likhitha Infra rising today?

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Several stocks such as Talbros Automotive, Satin Creditcare, NLC India and Lakhitha Infrastructure were witnessing healthy gains of 2-8 per cent in Friday trade amid company-specific developments. Lakhitha Infrastructure shares gained as Ashish Kacholia’s portfolio stock went ex-dividend. Talbros Automotive went on to bag a multi-year contract, NCL India was on the cusp of signing an MoU at the ‘Make in Odisha Conclave’, while Satin Creditcare Network.

Shares of Lakhitha Infrastructure rallied over 8 per cent in Friday’s trade, following recent gains after veteran investor Ashish Kacholia bought shares in the company. The stock today got ex-stock split from Rs 10 to Rs 5 per share. The stock rose 7 per cent to hit an intraday high of Rs 248.95 on the BSE. Kacholia on Wednesday bought 3,97,000 shares of Likhitha Infrastructure for Rs 15.20 crore.

Shares of Talbros Automotive Components gained 8 per cent in Friday’s trade after the auto components company received new multi-year orders worth Rs 420 crore from both domestic and overseas customers across its business divisions, product segments and JVs. The scrip rose 8.28 per cent to hit an intraday high of Rs 501 on the BSE. Talbros said the new orders will be executed over a period of the next 5 years, covering the company’s product lines – gaskets, heat shields, forgings and chassis.

Shares of NLC India gained after the company signed a memorandum of understanding (MoU) with Grid Corporation of Odisha (GRIDCO) with the objective of setting up floating solar power projects, pumped hydro storage projects, green hydrogen projects and other renewable energy projects. rose 2 percent in Friday’s trade. Projects at ‘Make in Odisha Conclave’ held at Bhubaneswar on 1st December. This MoU will enable both parties towards national targets for renewable energy capacity and energy transition targets. The stock rose 2.39 per cent to hit an intraday high of Rs 85.40 on the BSE.

Satin Creditcare Network, on the other hand, has received approval to raise Rs 65 crore through private placement of 650 secured, rated, listed, redeemable, transferable, non-convertible debentures (NCDs) of face value of Rs 10,00,000 each. But jumped basis of appointment. The stock rose 3.21 per cent to hit an intraday high of Rs 146.25 on the BSE.

The Executive Committee of the Board of Directors of the Company in its meeting held on December 1, 2022 has considered and approved the same.

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