JSW Steel is going to launch indigenous steel product JSW Magsure. The company aims to manufacture and market the zinc-magnesium-aluminium alloy coated product in the domestic market. Source: Exchange filing Shares of Edelweiss Financial Services Ltd.
recorded their worst fall in over four years on Thursday after the Reserve Bank Of India announced severe business restrictions against two of the group's companies, owing to material supervisory concerns. Shares of Awfis Space Solutions Ltd. listed at Rs 435 apiece on the National Stock Exchange, a premium of 13.
5% to its IPO price of Rs 383 per share. On the BSE, the stock debuted at Rs 432.25 per share, a 12.
86% premium to the issue price. Shares of SJVN Ltd. declined to the lowest level in near two-week low after the company's revenue fell during January-March.
The scrip fell as much as 5.87% to Rs 131.50 apiece, the lowest level since May 17.
It was trading 3.61% lower at Rs 134.65 apiece, as of 09:41 a.
m. This compares to a 0.41% decline in the NSE Nifty 50 Index.
It has risen 275.73% in 12 months, and on year to date basis, it has risen 47.99%.
Total traded volume so far in the day stood at 4.3 times its 30-day average. The relative strength index was at 48.
87. Out of five analysts tracking the company, two maintain a 'buy' rating, and three suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 16.
4%. India's benchmark indices opened lower on Thursday as Tata Steel .
