Why are shares of Likhitha Infra, Satin Creditcare, Talbros Automotive, and NLC India rising today?

 

Shares of Likhitha Infrastructure jumped over 8% in Friday's trade, including in their latest upward jostle after ace investor Ashish Kacholia offered shares in the company. The share price was reduced from Rs 10 to Rs 5 per share today.

 

 

A host of shares such as Talbros Automotive, Satin Creditcare, NLC India, and Likhitha Infrastructure have been seeing wholesome upsides of 2–8 percent in Friday's alternate market amid company-specific developments. Shares of Likhitha Infrastructure have been up as Ashish Kacholia's portfolio inventory went ex-dividend. Talbros Automotive climbed after securing multi-year contracts, NCL India climbed after signing an MoU at the "Make in Odisha Conclave," and Satin Creditcare Network climbed after signing an MoU at the "Make in India" conference. 

 

Shares of Likhitha Infrastructure jumped over eight percent in Friday's trade, including to reflect its latest upward push after ace investor Ashish Kacholia sold shares in the company. The stock price has dropped from Rs 10 to Rs 5 per share. The inventory rose by 7 percent to hit an excess of Rs 248.95 on BSE. Kacholia offered 3,97,000 Likhitha Infrastructure shares well worth Rs 15.20 crore on Wednesday.

 

Shares of Talbros Automotive Components surged eight percent in Friday's alternate session after the auto parts organisation acquired new multi-year orders well worth Rs 420 crore from both, home and foreign clients throughout its enterprise divisions, product segments, and JVs. On the BSE, the stock rose 8.28 percent to a high of Rs 501. Talbros stated that the clean orders will be completed over the next five years, covering the company's product lines—gaskets, heat shields, forgings, and chassis. 

 

NLC India shares a superior two percent in Friday's exchange after the employer signed a memorandum of understanding (MoU) with Grid Corporation of Odisha (GRIDCO) for the purpose of putting up floating photo voltaic energy projects, pumped hydro storage projects, inexperienced hydrogen tasks, and different renewable initiatives at ‘Make in Odisha Conclave,’ being held in Bhubaneswar on December 1. This MoU will allow each event to move in the direction of the national objectives for renewable energy and the energy transition goal. The inventory rose 2.39 percent to hit an excess of Rs 85.40 on BSE.

 

Satin Creditcare Network, on the other hand, jumped on receiving approval to elevate Rs 65 crore via the issuance of 650 secured, rated, listed, redeemable, transferable, non-convertible debentures (NCDs) with a face cost of Rs 10,00,000 each on a non-public placement basis. The inventory increased 3.21 percent to a high of Rs 146.25 on the BSE. 

 

The working committee of the board of administrators of the company, in its assembly held on December 1, 2022, viewed and accredited the same.