Gas distribution company Mahanagar Gas plunged by 4 per cent on the bourses in Wednesday’s trade, in an extension of its 6.7 per cent fall over the past two days. 

In a significant development, Mahindra Group’s Mahindra Defence signed an agreement with Japan headquartered ShinMaywa Industries to set up manufacturing and assembling of structural parts and components for US-2 amphibian aircraft on Wednesday.

The exchange’s daily trading turnover in the derivatives segment crossed the Rs 3,257 crore (USD 500 million) level during the trade.

Adding another feather to its cap, packaging major Uflex introduced a customised formulation that renders barrier packaging for edible-oil re-processable on Friday. Following the development, the company’s share price surged by around one per cent on the bourses in Friday’s trade.

The share price of ITI gained by 4.5 per cent in intraday on Thursday as it managed to immerge as the lowest bidder in the MAHANET tender of Maharashtra.

In a significant development, National Highways Authority of India established its Rs. 250 billion medium term note (MTN) programme on India INX’s Global Securities Market.

The stock of Ashoka Buildcon was buzzing on Thursday as the company managed to emerge as the lowest bidder for two project worth Rs. 759.84 crores in Uttar Pradesh.

State-owned Bharat Heavy Electricals surged by around 3 per cent on the bourses on Thursday as the company commissioned a 330 MW Kishanganga Hydro-Electric project (HEP) in Jammu & Kashmir.

The stocks that are likely to witness significant movement on the bourses on April 5, 2018 are Adani Enterprises Limited, NATCO Limited, JSW Steel Limited, Bhansali Engineering Polymers Limited and Nava Bharat Ventures Limited.  

Hyderabad based Lex Nimble Solutions Limited became the 238th company to get listed on the BSE SME Platform on Wednesday. The company had launched its initial public offering of 11,12,000 equity shares of Rs. 10 each for cash at a price of Rs. 57 per share.