Dilip Buildcon Limited has been declared as L-1 bidder on percentage rate (EPC Project) for civil works, which include earthwork required for the formation of railways in the state of Chhattisgarh over South East Central Railway, Package II. 

The company informed that it has received a letter of intent (LoI) from a private developer in Ahmedabad (Gujarat) for a project worth Rs 588.62 crore (including GST).

Zydus Cadila has announced that its antimalarial compound ZY19489 (MMV253) in collaboration with a Swiss-based product development partnership Medicines for Malaria Venture (MMV) has now completed Phase I clinical evaluation [registration number-ACTRN12619000127101].

UltraTech Cement: The Finance Committee approved raising funds by way of issuance of foreign currency (US$) denominated bonds (Notes) aggregating up to US$ 400 million, corresponding to Rs 3,000 crore, to be offered and sold within the United States to the qualified institutional buyer (QIB).

With weekly expiry on the cards and the put-call ratio (PCR) being at the higher side at 1.61, we could witness bouts of volatility. However, as long as Nifty trades above its previous all-time high of 14,754, it is a buy-on-dips market. While on the upside, the target is placed around 14,932 as the upper Bollinger band is present at these levels. 

On Wednesday, the shares of PNC Infratech were up by more than 3 per cent after the company announced the declaration of the appointed date for its four-laning project in the state of Karnataka, India.   

The shares of Bajaj Consumer Care were locked in an upper circuit on Wednesday after the company reported strong numbers for the quarter ended December 2020.  

On Wednesday, the domestic benchmark indices touched new closing peaks as bulls kept supporting the rally. Sensex closed at 50,255.75 levels, up by 458.03 points or by 0.92 per cent while Nifty gained 142.10 points or 0.97 per cent to settle at 14,789.95 levels. 

Alphageo (India) Limited today announced that it has been awarded a contract from Oil & Natural Gas Corporation Limited (ONGC Ltd), Dehradun for providing services for 3D seismic data acquisition in OALP-IV block of Vindhyan Basin during the field season of 2020-21. The estimated value of the contract is Rs 77 crore (inclusive of taxes) for Sector-I. 

During Wednesday’s trading session, the stock of IIFL Finance Ltd jumped more than 9.98 per cent and made an intraday high of Rs 213.20. The stock hit a fresh 52-week high of Rs 213.20 today. The shares of IIFL Finance have gained 80.40 per cent in the last five trading days.