GAGA Share Market News

[hfe_template id='11223'] [ad_1] Morgan Stanley sold over 19.30 lakh shares in Kesoram Industries for Rs 81 lakh on Friday via block deal. The penny stock was sold at a price of Rs 4.20 per share which was at an 11% discount from Thursday's closing price of Rs 4.70. Shares of Kesoram Industries today ended at Rs 4.50 on the BSE, down by Rs 0.20 or 4.26% and a fresh 52-week-low. ETMarket's selection criteria for a scrip to fall in the penny stock category is a market capitalization below Rs 1,000 crore, a share price under Rs 20, and a minimum trading volume of 5 lakh shares. The stock's market capitalisation on BSE stood at Rs 139.79 crore with average traded shares over the last two weeks at 43,000. Kesoram Industries witnessed other deals as well where Mundhra Homes Private Limited sold over 40.81 lakh shares at a price of Rs 4.24 per share. Meanwhile, Devi Traders LLP sold 15.63 lakh shares at Rs 4.29 and Ishaan Tradefin LLP off-loaded over 49.52 lakh shar...

[hfe_template id='11223'] [ad_1] Shares of Orient Cement surged 5.5% to the day’s high of Rs 323.85 on BSE as UltraTech is in advanced negotiations for the acquisition of the company amid intensifying consolidation efforts in the sector. Kumar Mangalam Birla's flagship UltraTech is in advanced negotiations with the promoter of Orient Cement, his uncle CK Birla, after restarting talks in recent weeks, said people familiar with the discussions to ET. UltraTech is said to have offered a price of Rs 350-375 per share, a 22% premium to the current market price of Rs 307. In the past month, the Orient Cement stock has shot up 45%, hitting an all-time high of Rs 329 on July 1, largely on speculation that an acquisition deal was near conclusion. Kumar Birla's renewed efforts to buy Orient are seen as an attempt to trump Adani Cement and consolidate UltraTech’s position in the southern and western markets, especially Maharashtra and Telangana, after buying a 23% stake in ...