Indiamart Intermesh Ltd, RBL Bank Ltd, Aether Industries Ltd and Tata Consumer Products Ltd are among the other losers in the BSE's 'A' group today, 21 October 2024.PNC Infratech Ltd tumbled 20.00% to Rs 366.7 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.24 lakh shares were traded on the counter so far as against the average daily volumes of 52970 shares in the past one month.Indiamart Intermesh Ltd crashed 17.38% to Rs 2493. The stock was the second biggest loser in 'A' group.On the BSE, 1.39 lakh shares were traded on the counter so far as against the average daily volumes of 12552 shares in the past one month.RBL Bank Ltd lost 13.80% to Rs 177.1. The stock was the third biggest loser in 'A' group.On the BSE, 25.06 lakh shares were traded on the counter so far as against the average daily volumes of 7.58 lakh shares in the past one month.Aether Industries Ltd shed 6.81% to Rs 862.6. The stock was the fourth biggest loser in 'A' group.On the BSE, 11186 shares were traded on the counter so far as against the average daily volumes of 5380 shares in the past one month.Tata Consumer Products Ltd pared 6.74% to Rs 1020.85. The stock was the fifth biggest loser in 'A' group.On the BSE, 3.98 lakh shares were traded on the counter so far as against the average daily volumes of 62357 shares in the past one month.Powered by Capital Market - Live

The Ministry of Road Transport & Highways took this action following a CBI investigation into allegations against the companies. In June and August of this year, the CBI filed a chargesheet and FIR against PNC Infratech, PNC Khajuraho Highways, and PNC Bundelkhand Highways. The companies appeared before the MoRTH on October 18 for a personal hearing regarding these allegations. PNC Infratech has clarified that the disqualification will not impact its ongoing development, construction, operations, and maintenance activities. However, the company is evaluating the potential impact on other activities of its business. PNC Infratech is engaged in India's infrastructure development through the construction of highways including BOT (built, operate and transfer projects), airport runways, bridges, flyovers and power transmission projects among others. The company provides end-to-end infrastructure implementation solutions, including EPC services on a fixed-sum turnkey basis. On a consolidated basis, net profit of PNC Infratech soared 218.44% to Rs 575.17 crore on 3.62% increase in net sales to Rs 2167.51 crore in Q1 June 2024 over Q1 June 2023. Powered by Capital Market - Live

The frontline indices continued to trade with modest losses in early-afternoon trade. The Nifty traded below the 25,000 level after hitting day's high of 25,093.40 in morning trade. IT shares extended losses for the second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 321.56 points or 0.39% to 81,498.56. The Nifty 50 index lost 97.70 points or 0.39% to 24,959.65. In the broader market, the S&P BSE Mid-Cap index fell 0.36% and the S&P BSE Small-Cap index lost 0.17%. The market breadth was negative. On the BSE, 1,772 shares rose and 2,025 shares fell. A total of 136 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 2.99% to 13.39. The Nifty 31 October 2024 futures were trading at 25,002.65, at a premium of 43 points as compared with the spot at 24,959.65. The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 57.6 lakh contracts at the 26,000 strike price. Maximum Put OI of 43.6 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty IT index slipped 1.19% to 42,223.85. The index fell 1.51% in two consecutive trading sessions. Coforge (down 3.61%), LTIMindtree (down 1.47%), Mphasis (down 1.29%), Infosys (down 1.06%), Tech Mahindra (down 1.06%), Tata Consultancy Services (down 0.98%), L&T Technology Services (down 0.75%), Persistent Systems (down 0.68%), HCL Technologies (down 0.48%) and Wipro (down 0.45%) declined. Stocks in Spotlight : PNC Infratech jumped 4.47% after the company received letters of acceptance from the Maharashtra State Road Development Corporation (MSRDC) for road projects on EPC mode aggregating to Rs 4,630 crore. Akums Drugs and Pharmaceuticals rallied 3.04% after the company announced that it has entered into a license & distribution agreement with Triple Hair Inc, a company incorporated in New Brunswick, Canada. KEI Industries tumbled 9.41%. The company reported 10.41% increase in consolidated net profit to Rs 154.81 crore in Q2 FY25 as against Rs 140.21 crore posted in Q2 FY24. Revenue from operations jumped 17.21% year on year (YoY) to Rs 2,279.65 crore in Q2 FY25.Powered by Capital Market - Live

The project entails integrated infrastructure development of 20 meters and above wide roads, construction of various major & minor structures (flyover, minor bridges, VUPS, PUPS, etc.), and allied electrical works (street lighting) in TPS - 8, 9, and 12 under the Navi Mumbai Airport Influence Notified Area (NAINA) project. The project is to be executed within 1,460 days and the cost of the project is Rs 2,039.61 crore. PNC Infratech (PNCIL) is engaged in India's infrastructure development through the construction of highways including BOT (built, operate and transfer projects), airport runways, bridges, flyovers and power transmission projects among others. The Company provides end-to-end infrastructure implementation solutions, including EPC services on a fixed-sum turnkey basis. The company's consolidated net profit zoomed to Rs 575.17 crore in Q1 FY25 as against Rs 180.62 crore reported in Q1 FY24. Net sales was at Rs 2167.51 crore in the June quarter, up 3.6% from Rs 2091.70 crore posted in Q1 FY24. Powered by Capital Market - Live

PNC Infratech announced that Care Ratings has reaffirmed credit rating on the Long- Term Bank Facilities of its subsidiaries as follows: Hardoi Highways (Rs 443 crore) - CARE A; Stable Akkalkot Highways (Rs 811.50 crore) - CARE A; Stable Sonauli Gorakhpur Highways (Rs 757 crore) - CARE A; Stable Powered by Capital Market - Live

PNC Infratech announced that the 25th Annual General Meeting (AGM) of the company will be held on 28 September 2024.Powered by Capital Market - Live

PNC Infratech has fixed 21 September 2024 as record date for payment of dividend. Powered by Capital Market - Live

The scope of the project entails construction of additional 3-lane bridge over river Ganga for connection between Buxar and Bharauli on NH-922 in the state of Uttar Pradesh and Bihar on hybrid annuity mode (HAM). The bid project cost stood at Rs 380 crore. The project is to be constructed in 910 days while the operation period is 15 years post construction. PNC Infratech (PNCIL) is engaged in India's infrastructure development through the construction of highways including BOT (built, operate and transfer projects), airport runways, bridges, flyovers and power transmission projects among others. The Company provides end-to-end infrastructure implementation solutions, including EPC services on a fixed-sum turnkey basis. The company's consolidated net profit zoomed to Rs 575.17 crore in Q1 FY25 as against Rs 180.62 crore reported in Q1 FY24. Net sales was at Rs 2167.51 crore in the June quarter, up 3.6% from Rs 2091.70 crore posted in Q1 FY24. Shares of PNC Infratech rose 0.68% to Rs 461.45 on the BSE. Powered by Capital Market - Live

The key equity indices traded with minor gains in early trade. The Nifty traded above the 25,000 level. Media, healthcare and auto shares advanced while Private bank, bank and financial services stocks declined. At 09:30 IST, the barometer index, the S&P BSE Sensex was up 45.27 points or 0.06% to 81,758.93. The Nifty 50 index added 10.50 points or 0.04% to 25,028.25. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.24% and the S&P BSE Small-Cap index gained 0.55%. The market breadth was strong. On the BSE, 2,047 shares rose and 924 shares fell. A total of 130 shares were unchanged. Foreign portfolio investors (FPIs) bought shares worth Rs 1,503.76 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 604.08 crore in the Indian equity market on 27 August 2024, provisional data showed. Stocks in Spotlight: PNC Infratech added 1.35% after the company has declared lowest bidder for a highway project worth Rs 380 crore in Uttar Pradesh and Bihar. NBCC (India) jumped 7.01% after the company informed that its's board will consider a proposal for bonus issue on 31 August 2024. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 1.65% to 6.974 as compared with previous close 6.975. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 83.9525, compared with its close of 83.9325 during the previous trading session. MCX Gold futures for 5 September 2024 settlement fell 0.05% to Rs 71,512. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.18% to 100.74. The United States 10-year bond yield declined 0.21% to 3.827. In the commodities market, Brent crude for October 2024 settlement gained 12 cents or 0.15% to $79.67 a barrel. Global Markets: Most Asian stocks declined on Wednesday, with technology-heavy indexes retreating ahead of Nvidia's earnings report. Persistent concerns over China's trade tensions with Canada also weighed on investor sentiment. While Wall Street's major indices reached new highs, the Nasdaq Composite lagged, reflecting cautiousness about Nvidia's earnings. Anticipation of lower interest rates led to a shift away from technology stocks and toward more economically sensitive sectors. The Dow Jones Industrial Average rose 0.02%, the S&P 500 gained 0.16%, and the Nasdaq Composite climbed 0.17%. Powered by Capital Market - Live

Securities in F&O ban: Hindustan Copper, Balrampur Chini Mills, Birlasoft, India Cements New Listing: Orient Technologies will debut on stock exchanges today. The IPO price band is fixed at Rs 195 to 206 per share. The IPO was open between 21st August and 23rd August 2024. It was subscribed 151.71 times. Stocks to watch: PNC Infratech was declared the lowest bidder for a highway project worth Rs 380 crore in Uttar Pradesh and Bihar. Aditya Birla Capital has made an investment of Rs 300 crore on right basis, in the equity shares of Aditya Birla Housing Finance. Awfis Space Solutions has signed managed aggregation deal of 3 Lakh square feet (Sq.ft) with Nyati Group. Skipper's board has approved to raise upto Rs 600 crore via equity debt. Indiamart Intermesh has incorporated a new unit, IIL Digital for digital marketplaces and software solutions. Infibeam Avenues' artificial intelligence arm introduced a women's safety feature in AI Facility Manager for CCTV's. NBCC (India)'s board will consider a proposal for bonus issue on 31 August 2024. Carysil's UK unit will acquire the remaining 30% stake of Yorkshire-based Carysil Brassware for GBP 350,000. UPL's arm acquired the remaining 20% stake in PT Excel for $6.9 million. Jio Financial Services subscribed to an additional 6.8 crore shares of Jio Payments bank for Rs 68 crore. The company's holding in payment bank units increased to 82.17% from 78.95%. Powered by Capital Market - Live