Kothari Products announced a 1:1 bonus share issue, causing a 7.4% stock rise to Rs 209.70. The issuance will be financed from free reserves, increasing authorized capital to Rs 61.50 crore. Shares surged 58.55% YoY.
The dollar has achieved consecutive weekly gains for the first time in over three months, bolstered by rising Treasury yields. Anticipations of additional rate hikes
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200-day moving averages (DMA) on September 24, according to technical scan data from StockEdge.
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