Stock Market Live Updates: Benchmark indices recover to trade flat; Nestle

Stock Market Live Updates: Ganesh Housing Corporation reports standalone net profit at ₹58.70 crore, stock gains 1.20%

Ganesh Housing Corporation reported its standalone net profit for the quarter ended Sept. 2023 at ₹58.70 crore as against loss of ₹3.96 crore in the same quarter previous year. The stock rises by 1.20% on the NSE, trading at ₹434.80.

Stock Market Today: Himadri Speciality Ltd’s shares rise after Q2 profit jumps over two-fold

Himadri Speciality Chemical Ltd’s shares rose 0.53 per cent after the company reported a 180 per cent increase in profit for the quarter ended September 30, 2023, at ₹100.62 crore compared to ₹35.88 crore during the corresponding quarter last year.

The company’s revenues were down 5 per cent to ₹1,004.52 crore compared to ₹1,058.91 crore last year. Sequentially, the company’s profits were 16 per cent higher compared to ₹86.10 crore in the previous quarter.

The shares were up 0.53 per cent to ₹256.15 at 10.31 am on the BSE.

Stock Market Live Updates: Major stocks that hit 52-week high on NSE

Major stocks that hit 52-week high on the NSE:

• GKW (20%)
• Shakti Pumps (20%)
• DB (International) Stock Brokers (19.92%)
• PNB Gilts (17.19%)
• Jindal Poly Investment and Finance Company (12.48%)

Stock Market Live Updates: Astral stock loses 5.73% on BSE

Astral stock falls by 5.73% on the BSE, trading at ₹1,850.20. The company reported its standalone net profit for the quarter ended September 2023 at ₹128 crore as against ₹65.4 crore in the same quarter previous year.

IPO Watch: IRM Energy IPO subscribed 2.61 times as of 12:06 pm

IRM Energy IPO has been subscribed 2.61 times as of 12:06 pm on October 19, 2023. The QIB portion has been subscribed 1.08 times, NII 4.38 times, retail 2.85 times, and those reserved for employees 0.63 times. The issue closes on October 20.

Stock Market Today: Indoco Remedies reports standalone net profit ₹33.14 crore, stock slides 0.36%

Indoco Remedies reported its standalone net profit for the quarter ended September 2023 at ₹33.14 crore as against ₹49.64 crore in the same quarter previous year. The stock trades at ₹344.50 on the NSE, down by 0.36%.

Share Market Live Updates: Central Bank of India partners with Capri Global Housing Finance to offer home loans

Central Bank of India has entered into a strategic co-lending partnership with Capri Global Housing Finance Limited to offer home loans at competitive rates. The stock trades at ₹46.88 on the BSE, down by 0.47%.

Share Market Today: SJVN to supply 1,000 MW solar power to Northern Region, stock rises 1.14%

SJVN has offered power to the beneficiaries of Northern Region from 1,000 MW Solar PV Station to be developed under CPSU scheme of GoI at Village Bandarewala / Karnisar, Tehsil Poogal, District Bikaner, Rajasthan. The power generated by the project will be used by Government entities, either directly or through DISCOMS. The company added in its regulatory filing that Jammu & Kashmir Power Corporation Limited and Rajasthan Urja Vidyut Nigam Limited have given consents for purchase of 600 MW & 500 MW power, against a total capacity of 1000 MW at a tariff of ₹2.57/ kWh.

SJVN stock trades at ₹75.10, up by 1.14% on the NSE.

Stock Market Live Updates: Major gainers and losers on NSE at 12 pm

Major gainers:

• LTIMindtree (5.35%);
• Bajaj Auto (4.92%);
• IndusInd (2.36%);
• Hero Motocorp (1.98%);
• Nestle India (1.09%)

Major losers:

• Wipro (-2.92%);
• Coal India (-1.42%);
• Tata Steel (-1.18%);
• UPL (-1.10%);
• JSW Steel (-1.09%)

Stock Market Live Updates: 1,658 stocks advances and 1,852 declines on BSE at 12 noon

Stocks advanced on BSE at 12 noon on October 19, 2023, were 1,658 against 1,852 stocks that declined; 165 stocks remain unchanged. Total stocks traded were 3,675. The number of stocks that recorded a 52-week high was 199, and those that hit a 52-week low was 22.

Stock Market Today: Shyam Metalics and Energy’s acquisition plan for Mittal Corp gets NCLT approval, stock drops 0.73%

Shyam Metalics and Energy informed that the NCLT Mumbai bench has approved the resolution plan for acquisition of Mittal Corp Limited by Shyam Sel and Power Limited, a wholly owned subsidiary of the Company. The stock trades at ₹461.90 on the BSE, down by 0.73%.

Share Market Today: Sonata Software has signed an…