Spencer’s Retail, a chain of retail stores headquartered in Kolkata (West Bengal) jumped more than 19 per cent on Tuesday after the company informed that veteran Mumbai businessman and founder of Avenue Supermarts Ltd, Radhakishan Damani picked up over 2 per cent stake in the company during December quarter.

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The shares of Apollo Tricoat Tubes Limited jumped more than five per cent to record a new 52-week high on Tuesday, after the company reported 86 per cent QoQ rise in the net profit at Rs 17.5 crore for December quarter of the current fiscal year-Q3FY20.

Info Edge (India) Limited, which has about 23 per cent stake in Zomato, announced that Zomato Media Private Limited acquired the Indian business of Uber Eats in an all-stock deal that will give Uber 9.99 per cent stake in the Indian food delivery and restaurant discovery platform.

Looking at the current liquidity crunch and slow credit off-take in the infrastructure segment, the fund-raising will be a very important trigger for the company. The company, which has already faced de-growth in disbursement and its consolidated gearing, stood high due to a delay in equity-raising activity.

As the promoters increased their stake, the stock price of these companies have also delivered stellar return in the last quarter

The market opened in the red on 21st January, overall volumes in futures & options currently stand at 1,75 crore contracts with a turnover of Rs. 12,81,508.03 crore.

The net returns of the sugar stocks have been robust since end of the second quarter of current fiscal. The average returns of sugar stocks since September 2019 to January, 2020 stood at 30 per cent, as against 21 per cent gain over Sensex, during the same period. 

The market opened in the red on 21st January, overall volumes in futures & options currently stand at 1,75 crore contracts with a turnover of Rs. 12,81,508.03 crore.