Rs 652,00,00,000 buy back announced by this Gujarat based company; Record date November 24!
Rs 652,00,00,000 buy back announced by this Gujarat based company; Record date November 24!

Rs 652,00,00,000 buy back announced by this Gujarat based company; Record date November 24!

This company is paying 14 per cent premium for the buyback at Rs 770 per share.

Aniket Gogate Article rating: 4.5

Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC), a leading fertilizer and chemical producer in India, has announced a mega share buyback of up to 84.78 lakh shares at a price of Rs 770 per share. This represents a significant premium of 14 per cent to the current market price(Rs 676). The buyback will be open to all shareholders, including promoters and members of the promoter group, as of the record date, November 24, 2023.

Overnight Digest: Stocks likely to be in focus on April 19
Overnight Digest: Stocks likely to be in focus on April 19

Overnight Digest: Stocks likely to be in focus on April 19

Among the fertiliser stocks, the top stocks were Zuari Agro Chemicals, Madras Fertlisers, Chambal Fertilisers & Chemicals, Nagarjuna Fertilisers, and Indra Industries gaining up to 13 per cent

Shreya Chaware Article rating: 5.0

On Monday, the benchmark indices opened on a weak note in line with global markets. The quarterly results of HDFC Bank and Infosys lowered the investors’ sentiments and together comprised 500 points of the market plunge.  

 

Overnight Digest: Stocks likely to be in focus on March 30
Overnight Digest: Stocks likely to be in focus on March 30

Overnight Digest: Stocks likely to be in focus on March 30

Eicher Motors, Divis Labs, JSW Steel, HDFC and Adani Ports were among the top Nifty gainers whereas Hero MotoCorp, ONGC, Coal India, IOC and ITC were among the big losers.

Shreya Chaware Article rating: 4.1

On Tuesday, the Indian benchmark indices settled near the day's high level with Nifty closing above the 17,300 mark led by the pharma, realty, and capital goods sector. 

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