DSIJ Mindshare

Bharat Road Network Ltd (BRNL), a small-cap company engaged in building roads, and other civil constructions, has hit the upper circuit of 20 per cent today from its previous close of Rs 26.80, as the company has announced divestment in one of its ‘Associate’ company- Shree Jagannath Expressways Pvt Ltd (SJEPL). The company will be selling its entire stake of 40 per cent in this transaction for a sum of Rs 94.11 crore.  

Rajnish Wellness Ltd, primarily engaged in the pharma business, has delivered phenomenal returns for its shareholders in the past 1 year. From June 28 2021 to June 28 2022, the scrip has jumped from Rs 6.22 to Rs 202.00, making a simple return of 3146 per cent. 

Orient Bell Ltd, a small cap company engaged in furniture, home furnishing and flooring business, has jumped over 18 per cent today from its previous close of Rs 579.55 as the company has announced timely completion of its two capex projects which involved capex of Rs 20 crore.

Brigade Enterprises Ltd, one of India’s leading property developers in the South region, has jumped over 3.6 per cent today from its previous close of Rs 440.60 as the company has signed a Joint Development Agreement to develop around 2.1 million square feet in Chennai. The land, located at Perumbakkam, just off OMR Sholinganallur junction, is spread over 15 acres and will be developed as a large residential township.

Welspun Corp Ltd, one of the largest welded line pipe manufacturers in the world, has jumped over 3.6 per cent today from its previous close of Rs 213.05 as the company has received various orders to be executed from India and the USA across the Oil & Gas and Water sector, of about 47,000 MT amounting to around Rs 600 crore.