Tejas Networks shares rose nearly 10% in morning trade after the company received a Letter of Intent worth ₹1,537 crore from Tata Consultancy Services for the supply of installation materials for the BSNL 4G mobile network.
The stock opened at ₹538 against its previous close of ₹511.15 and touched an intraday high of ₹562.70, gaining 9.49%, or ₹48.50, during the session. It marked the stock’s third consecutive session of gains.
Tejas Networks shares had gained 7.7% over the past 30 days and 25% since the beginning of the year, while declining more than 4% over the past year. The stock was trading 13.20% below its 52-week high of ₹644.75 and 90.36% above its 52-week low of ₹294. Over 1 crore shares traded at 24.15 times the stock’s 10-day average volume.
Ather Energy shares rose up to 5% at market open after 1.19 crore shares (3% equity) worth ₹1,758.2 crore changed hands through a block deal on the NSE. The company’s shares had risen more than 111% since the beginning of the year and 263% in the past year. The stock was 1.6% below its 52-week high of ₹1,580. Over 43 lakh shares were traded at 1.91 times the stock’s 10-day average volume.
Redington shares rose more than 3% at market open. The company’s shares had risen more than 35% since the beginning of the year and more than 57% in the past year. The stock hit its 52-week high of ₹375.60 around the same time. Over 57 lakh shares were traded at 1.20 times the stock’s 10-day average volume.
Top losers at market open
Physicswallah shares fell more than 4% at market open after a block deal on Wednesday in which Lightspeed Opportunity Fund sold 4.7 crore shares (1.6% equity) for ₹550 crore, while ICICI Pru MF, Goldman Sachs Fund and Tata AIA Life Insurance bought stakes worth ₹259 crore, ₹72.1 crore and ₹40 crore respectively.
The deal was executed at an average price of ₹117.72 per share on the NSE. The company’s shares had fallen more than 10% since the beginning of the year and more than 23% in the past year. The stock was 36% below its 52-week high of ₹161.99. Over 60 lakh shares were traded at 0.24 times the stock’s 10-day average volume.Bombay Burmah Trading Corporation shares fell up to 3% at market open, a day after the stock surged 12% while trading at more than 115 times its 10-day average volume at the previous day’s opening. The company’s shares had fallen more than 16% since the beginning of the year and 13% in the past year. The stock was 36.5% below its 52-week high of ₹2,135 and 18.9% away from hitting its 52-week low of ₹1,314.60. Over 3 lakh shares were traded at 0.21 times the stock’s 10-day average volume.
Whirlpool of India shares fell up to 3% at market open. The company’s shares had fallen 8% since the beginning of the year and more than 37% in the past year. The stock was 8.9% away from hitting its 52-week low of ₹751. Over 3 lakh shares were traded at 0.45 times the stock’s 10-day average volume.
Billionbrains Garage Ventures Ltd (Groww) shares fell up to 2% at market open after 12.74 crore shares (2.1% equity) worth ₹2,500 crore changed hands in a large trade on Wednesday. The company’s shares had risen more than 24% since the beginning of the year and more than 47% in the past year. The stock was 17.4% below its 52-week high of ₹227.20. Over 1 crore shares were traded at 0.28 times the stock’s 10-day average volume.
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