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Shares DLF (Real Estate Company) rose over 7% on Wednesday after company’s announcement that it will hold a board meeting on 25 August to decide on promoters’ proposal to sell their 40 percent stake to GIC in a deal estimated at about Rs 13,000 crore. The stock gained 7.87% to the day’s high of Rs 189.1 on NSE.
Stock Pulse: Benchmark indices were trading in positive terrain while showing marginal slip after morning gains. Nifty still trading over 9,800 level and Sensex still up over 100 points. Shares of Infosys Ltd were topping the charts as most active stocks in terms of value followed by realty stock DLF.
Meantime, Nifty PSU Bank is one of the major stocks on NSE, which was trading up by 1.11% at 3,268 level. OBC is the top index gainer trading higher by 2.76% at Rs 122.95 per share.
IPO Subscription: IPO of Apex Frozen Foods got subscribed by 55 percent on its second day of subscription as per NSE data. The total issue volume stands at 62,10,000 shares. Total bids got by the IPO stood at 34,36,080.