Mumbai-based Laxmi Organics is a leading manufacturer of acetyl intermediates and specialty Intermediates
Puravankara surged 6.05% to Rs 85 after the realty firm launched its first ultra-luxury project in Mumbai, named 'Purva Clermont', re-entring the city while it forays into the ultra-luxury category.
Godrej Properties Ltd has added 6.11% over last one month compared to 2.46% gain in S&P BSE Realty Index index and 0.05% rise in the SENSEX
The growth in share price shows that an investment of Rs 10,000 in the company in November last year is now worth Rs 7,26,417.
Godrej Properties said the company has launched its Qualified Institutions Placement (QIP) issue on March 9 and fixed floor price at Rs 1,513.39 per share
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Overseas, Asian stocks are trading higher Wednesday as investors returned to risky assets
The Rs 510-crore issue received bids for 10,85,93,760 shares against 1,50,80,644 shares on offer, as per data available with the NSE.
The IPO is an entirely fresh issuance of equity shares and proceeds of the issue would be mainly used to pay the debt.
FIIs are foreign institutional funds that create large equity exposures to emerging markets like India