DSIJ Mindshare

Shares of Zee Entertainment, Ahluwalia Contracts and Future Supply Chain Solutions have rallied in today’s trading session. 

While markets opened above the previous close, as of noon, BSE Sensex was trading lower by 0.46 per cent.  

Zee Entertainment hits the roof, gains over 18 per cent 

Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content. The share has rallied more than 18 per cent in the first half of today's trading session after Invesco drops EGM demand. Invesco, which along with OFI Global China Fund holds a 17.88 per cent stake in Zee Entertainment, however, said if the merger with Sony Pictures Networks India Pvt is not completed as currently proposed, it retains the right to requisition a fresh EGM. 

Shares of Ratnamani Metals & Tubes Ltd, Chennai Petroleum Corporation Ltd and Gulshan Polyols Ltd have rallied in today’s trading session. While markets opened below their previous close, as of noon, BSE Sensex was down by 0.41 per cent.

Shares of Greaves Cotton Ltd, Seamec Ltd and Jindal Saw Ltd have rallied in today’s trading session.   

While markets opened up with huge positivity, as of noon, BSE Sensex was up by 1.85 per cent.

Seamec Ltd gained more than 14 per cent 

Seamec Ltd owns and operates 4 multi-support vessels for the provision of diving services, manned and unmanned subsea operations and related activities. The share has rallied more than 14 per cent in the first half of today's trading session as the company informed that the Board of Directors of the Company is scheduled to be held on Monday, March 28, 2022, inter-alia to consider and evaluate the draft scheme of arrangement in connection with the proposal of merger/demerger/reverse merger/restructuring arrangement between the company and HAL Offshore Limited (HAL). 

Shares of JK Cement, Rane Brake Lining and HG Infra Engineering Ltd have rallied in today’s trading session.  

While markets opened high, as of noon, BSE Sensex was up by 1.59 per cent. 

HG Infra Engineering Ltd gained more than 10 per cent 

HG Infra Engineering Limited (HGIEL) is an Indian Road Infrastructure company engaged in the business of engineering, procurement and construction (EPC) services, maintenance of roads, bridges, flyovers and other infrastructure contract works. The share has rallied more than 10 per cent in the first half of today's trading session. The company has given investors stellar returns of 108.77 per cent over the last year. The share price of the company stood at Rs 283.2 on March 16, 2021, and since then, it has increased investor wealth by more than 2 times.

While markets opened flat, as of noon, BSE Sensex is down by 0.57 per cent.  

Heranba Industries Ltd jumps more than 13 per cent 

Heranba Industries Ltd is engaged in the manufacturing of a diverse range of agrochemicals such as insecticides, herbicides, fungicides and public health products for pest control. The share has rallied more than 13 per cent in the first half of today's trading session as the company's officials met Prudent Value Partners, Quantum Advisors, TCG Advisory Services, Rockstud Capital LLP, AV Fincorp, Moneybee Investment Advisors, Kitara Capital, Arihant Capital Markets, Omkara Capital, Oculus Capital Advisors LLP, Lucky Investment Managers, Vasuki India Fund, and JPM Capital.