Metro Observer Daily

JSW Energy stock gained 5 per cent to Rs 323.7 against the previous close of Rs 308.30 on BSE . Market cap of the firm rose to Rs 53,217 crore. Shares of JSW Energy hit upper circuit of 5 per cent today after the firm's arm JSW Neo Energy inked an agreement with the Chhattisgarh government for setting up a 1,000 MW capacity of hydro pumped storage project in the state. JSW Energy stock gained 5 per cent to Rs 323.7 against the previous close of Rs 308.30 on BSE . Shares of JSW Energy opened with a gain of 3.76 per cent at Rs 319.90. JSW Energy is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The large cap stock has risen 257 per cent in one year and gained 7.61 per cent since the beginning of this year Total 0.23 lakh shares of the firm changed hands amounting to a turnover of Rs 73.35 lakh on BSE . Market cap of the firm rose to Rs 53,217 crore. The stock hit a 52-week high of Rs 408.70 on October 14, 2021 and touched a 52-week low of Rs 85.10 on...

 NEW DELHI: One97 Communications (Paytm) on Wednesday said it has no information that may have a bearing on the price volume behaviour in the scrip and which is yet not disclosed to the stock exchanges. The company said its business fundamentals remain robust. In a filing to BSE , Paytm said it has, from time to time, made all necessary disclosures to stock exchanges within stipulated timeline. "The company would also like to point out the business fundamentals remain robust as demonstrated in our last earning release dated February 04, 2022. We would like to reiterate that the company is committed to comply with the Listing Regulations, likely to have bearing on the price/ volume of the shares of the company would be disclosed, from time to time, to the stock exchanges within stipulated timeline," it said. Paytm comments came after BSE sought clarification from the company with reference to significant movement in its shares. BSE said, it sought such clarification "to ...

The government on February 13 filed the draft red herring prospectus to sell 5% of its equity stake in LIC in March. Life Insurance Corporation of India NEW DELHI:  Even as the finance ministry is keeping an eye on global market conditions and whether they warrant deferring the initial share sale of the state-run Life Insurance Corporation (LIC), it is firming up a long-term, five-year plan to divest up to 25% of its equity in the firm, two officials familiar with the matter said on condition of anonymity. That may mean the initial share sale of 5% being followed up with a so-called FPO or follow-on public offer of 5-10% more within a year, they added. Wide participation of policyholders, employees, retail investors and financial institutions will enhance transparency and efficiency in managing affairs of LIC, in which the government will always hold the majority stake and exercise management control, the two people confirmed, speaking on condition of anonymity. “After the IPO, whi...

Share Market News Today | Sensex, Nifty,  BSE  , Share Prices Highlights : Sensex ended at 52,843, down 1,491 points or 2.74 per cent. The Nifty 50 index touched an intra-day low of 15,711 before settling at 15,863, down 382 points or 2.35 per cent.             The Nifty futures were trading around 15,845.50 level on the Singaporean Exchange Share Market News Today | Sensex, Nifty, Share Prices Highlights:  Indian benchmark indices ended deep in the red on Monday amid escalating geopolitical tensions, rising crude oil prices. Sensex ended at 52,843, down 1,491 points or 2.74 per cent. The Nifty 50 index touched an intra-day low of 15,711 before settling at 15,863, down 382 points or 2.35 per cent. Sectorally, metal index gained over 2 percent, while auto, bank, capital goods, FMCG, PSU Bank and realty fell 2-5 per cent. In broader markets,  BSE   midcap and smallcap indices shed over 2 per cent each. BSE  Sensex and NSE Nifty 5...