RateGain Travel Technologies stock has zoomed 55 per cent from its recent low of Rs 312.35 touched on December 20. The scrip hit a new high of Rs 483.90 on Friday on BSE. The scrip rose 9 per cent on an intraday basis.
The submission is the first time a clear position has been taken by the central bank
A total of 4,437 shares changed hands on the counter till 01:04PM (IST).
The board of auto parts maker has fixed the record date for the scheme of arrangement as Monday, January 17. According to the stock exchange intimation, existing Motherson stock will trade ex-domestic wiring harness from Friday.
The Indian equity market would find reason for cheer if the government were to rein in its fiscal deficit target at 6.25 per cent of GDP in 2022-23 (Apr-Mar), according to the median of an ETMarkets poll
The allotment is being made as per the share exchange ratio provided in the scheme of amalgamation as approved by the National Company Law Tribunal (NCLT), Mumbai Bench, the company said in a regulatory filing.
A total of 450 shares changed hands on the counter till 11:26AM (IST).
As per the latest corporate shareholdings, Ashish Kacholia publicly holds 31 stocks with a net worth of over Rs 1,939.8 crore, the data from Trendlyne suggested.
The Relative Strength Index of the stock stood at 58.68 on Friday.
"Equities are slightly down on Friday but will get bought on dips. European currencies are generally up against the dollar, but the dollar index should find support near to 94.50 for a rally back to 97.00 as most US FED officials are favouring a rate hike in March itself," said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors.
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