Indian benchmark indices ended lower for the fourth consecutive session on September 26 with Nifty closing near 17,000 amid selling across the sectors barring IT. At close, the Sensex was down 953.70 points or 1.64% at 57,145.22, and the Nifty was down 311 points or 1.79% at 17,016.30.
Hindalco Industries | CMP: Rs 373.15 | The share tumbled close to 6 percent after one of the biggest clients of subsidiary Novelis Corporation cut its earnings outlook due to ongoing slowdown in the global economy. Ball Corporation, one of the largest beverage can makers in the US, slashed its five-year volume growth outlook for North America citing weak demand conditions. The company also highlighted that volumes for beverage cans could get weaker in the short term due to the impending recession in the US and falling aluminium prices.
Harsha Engineers | CMP: Rs 485.90 | The stock price surged 47 percent against issue price as it debuted today. The momentum in the stock is backed its IPO subscription numbers, strong financials, and robust growth prospects. Harsha Engineers has raised Rs 755 crore through its public issue that had seen a strong 74.70 times subscription during September 14-16.
Forbes & Company | CMP: Rs 694.90 | The stock price jumped 5 percent after the Board of Directors of Forbes & Company at their Board Meeting held on September 26, 2022 approved the Scheme of Arrangement between Forbes & Company Limited and Forbes Precision Tools and Machine Parts Limited and their respective shareholders.
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