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Delta Corp, Piramal Pharma, and Zee Media Stocks Surge; KRN Heat Exchanger, Manba Finance Show Exceptional Demand and more
Delta Corp, Piramal Pharma, and Zee Media Stocks Surge; KRN Heat Exchanger, Manba Finance Show Exceptional Demand and more
Written by - Fisdom Research
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September 25, 2024
2 minutes
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Market Snapshot
Despite a weak start, bulls made a strong comeback in the final hour, driving the Nifty 50 and Sensex to new highs and marking their fifth consecutive gain.
The market was lifted by a surge in buying during the final half-hour, although BSE Midcap and Smallcap indices declined.
Sector performance was mixed, with power, metal, media, and realty indices showing gains, while FMCG, PSU Bank, and IT sectors experienced losses.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY MEDIA
2.9
NIFTY PRIVATE BANK
0.3
NIFTY REALTY
0.7
NIFTY PHARMA
0.3
NIFTY METAL
0.4
NIFTY BANK
0.3
NIFTY FINANCIAL SERVICES
0.4
NIFTY OIL & GAS
0.0
Top News
Delta Corp’s shares jumped over 3% on September 25 after announcing the demerger of its Hospitality and Real Estate businesses into a new entity, Delta Penland Private Limited.
Piramal Pharma shares rose 4% after the company set a goal of $2 billion in revenue by CY30. Jefferies also raised the target price to Rs 260, indicating a 20% upside from the previous closing of Rs 216.
Zee Media’s stock rose 13% on September 25 after the company announced its board will meet on Friday to discuss fundraising options through permissible securities in multiple tranches.
KRN Heat Exchanger IPO subscribed 7.5 times so far on Day 1
Manba Finance IPO subscribed 216 times on Day 3, GMP at 54%
Diffusion Engineers will open for subscription on September 26
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