DSIJ Mindshare

The market opened in the green on July 7, 2020, overall volumes in futures & options currently stand at 1,65,41,031 crore contracts with a turnover of Rs. 10,30,180.30 crore.

The market opened in the green on July 7, 2020, overall volumes in futures & options currently stand at 1,65,41,031 crore contracts with a turnover of Rs. 10,30,180.30 crore.

The shares of PNC Infratech have delivered a significant return of around 63 per cent on BSE in the last three months. The company’s order book as on March 31, 2020 stood at Rs 8,629 crore.

Taking measures to enhance the company's liquidity, the board of directors has authorised a rights issue of Rs 300 crore. The company has set the price for the rights issue at Rs 784 per share (almost at 25 per cent discount from its previous close of Rs 1,043.40), which includes a premium of Rs 774 per share, over the face value of Rs 10 per share.

For the day, the gap area of July 6 (10,631-10,695) is likely to act as strong support and on the upside, 10,820-10,880 is likely to act as a resistance. Stocks in news: Greaves Cotton, Bharti Airtel, MFSL, Mannapuram Finance.