Mid-day movers: Greaves Cotton, Seamec and Jindal Saw are BSE top gainers!

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). 

Greaves Cotton Ltd jumps more than 9.79 per cent 

Greaves Cotton is engaged in the manufacturing of engines, engine applications and trading of power tillers, spares related to engines, electric vehicles and infrastructure equipment etc. The company’s stock soared 9.79 per cent in early trade on Monday after Bounce Infinity has announced a strategic partnership with Greaves Retail, the retail business division from Greaves Cotton to provide battery swapping stations for Greaves Electric Vehicles. With this tie-up, Greaves Retail becomes the first company to have hopped on to the Bounce Infinity battery-swapping network. 

Jindal SAW Ltd ascends more than 6 per cent 

Jindal Saw Limited, the flagship company of PR Jindal group, is a leading global manufacturer and supplier of iron and steel pipes and pellets. The share has rallied more than 6 per cent in the first half of today's trading session as the company informed that the Board of Directors in their meeting held on March 16, 2022, approved the Composite Scheme of Amalgamation between Jindal Quality Tubular Limited, Subsidiary Jindal Tubular (India) Limited, Subsidiary Jindal Fittings Limited, Associate with Jindal Saw Limited.