Tuesday, October 27
Shares of smallcap stock Gujarat Toolroom today zoomed 5% to hit their upper circuit at Rs 18.08 on the BSE today after the company on Wednesday announced that it will consider a 5:1 bonus share issue in its upcoming board meeting on January 5.“Pursuant to Regulation 29(1)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of Gujarat Toolroom Limited is scheduled to be held on Monday, January 6, 2025, to consider and approve the proposal for issuance of bonus shares in the ratio of 5:1 (five bonus equity shares for every one equity share) to the eligible equity shareholders of the Company as on the proposed record date by capitalisation of securities premium, subject to the approval of the sha
Market regulator Securities and Exchange Board of India (Sebi) on Thursday barred Ketan Parekh and Singapore-based trader Rohit Salgaocar from accessing the Indian capital markets after finding them involved in a front-running scam.In an interim order, the regulator further directed impounding of an amount of Rs 65.77 crore from Parekh, Salgaocar and 20 other accused, ruling that they had earned it as "unlawful gain".Parekh is infamous for a stock market scam which led to the market crash in 2001 ."Noticees no. 1 and 2 i.e. Rohit Salgaocar and Ketan Parekh devised the entire scheme to unjustly enrich from the NPI pertaining to the Big Client by orchestrating front running activities. Noticee no. 10 (Ashok Kumar Poddar) has admitted to be a facilitator in the front running activities. Furth
State-run MOIL achieved its best ever Q3 and 9 months’ performance in the quarter ended December 31, 2024, the company said in an update on Thursday. The mining company recorded its highest ever Q3 production of manganese ore at 4.6 lakh tonnes along with best ever Q3 sales of 3.88 lakh tonnes which was higher by 13% over the corresponding period of last year (CPLY).During April-December period, MOIL registered production of 13.3 lakh tonnes which was higher by about 4.5% over the year ago period. The sales stood at 11.39 lakh tonnes, higher by 3.5% over CPLY.It recorded exploratory core drilling of 72,340 meters, which is higher by 19% on the year-on-year basis."With the above record-breaking performance, MOIL is expected to surpass the best ever Q3 revenue," the company filing said.Com
Shares of SME Supreme Power Equipment rose 2.3% to their day’s high of Rs 247.50 on the NSE as the company announced on Wednesday that it had secured a work order of Rs 3.63 crore from TRANTRANSCO.“Supreme Power Equipment Limited (SPEL), (NSE Code: SUPREMEPWR), one of the leading manufacturers of power and distribution transformers, is pleased to announce the receipt of a new domestic order worth Rs 3.63 Cr from TRANTRANSCO, a prominent player in the power transmission industry,” said the company in its filing to the NSE.This aforementioned order pertains to the manufacturing, supply, and erection of power transformers, marking an important milestone in the company’s journey of delivering high-quality solutions to the energy sector.The company further informed that the order will b
