The overall market sentiment remained positive, with 1,999 stocks advancing, significantly outpacing 423 declining stocks, suggesting sustained buying interest across various segments.

From Rs 43.42 per share (52-week low) to Rs 45.49 per share, the stock is up by 5 per cent.

The stock is up by 11 per cent from its 52-week low of Rs 7.34 per share.

Shareholders will receive one additional equity share for every two shares held. The bonus issue is subject to shareholder approval via postal ballot and necessary regulatory clearances.

The GIFT Nifty indicates a positive opening for Indian equities. At approximately 7:15 AM IST, Nifty futures were trading at 23,846.50, pointing to a strong start.

The company has a market cap of Rs 3,802 crore and as of September 30, 2024, the company has a strong order book of Rs 19,790 million.

Unlike an Initial Public Offering (IPO) or Follow-on Public Offering (FPO), which involve issuing new shares to raise capital, an OFS is a sale of shares that are already in circulation.

The top mid-cap gainers were Kalyan Jewellers India Ltd, Bharat Heavy Electricals Ltd and UNO Minda Ltd. In contrast, the top small-cap gainers were Bharat Bijlee Ltd, Aegis Logistics Ltd and Gpt Infraprojects Ltd.

Global Leadership in Derivatives Trading Continues

UTI Mutual Fund has expanded its passive investment offerings with the launch of two new index funds.