&w=3840&q=100)
MMTC, IFCI, Sigachi Ind: Penny stocks under ₹100 surge up to 15% today
The rally was led by MMTC, which jumped 14.58 per cent to ₹79.52 amid heavy volumes, followed by IFCI climbing 6.15 per cent to ₹74.50 and Sigachi Industries gaining 5.63 per cent to ₹53.21.
The upbeat sentiment extended to other low-priced stocks as well, including IDBI Bank (up 3.66 per cent), Delta Corp (up 3.24 per cent), Allcargo Terminals (up 3.30 per cent), Geojit Financial Services (up 1.67 per cent), and HMA Agro Industries (up 2.58 per cent), each recording notable gains.
Real estate and infrastructure players like Shriram Properties and Vascon Engineers also saw increased investor interest, rising 3.51 per cent and 4.83 per cent, respectively.
In comparison, BSE Sensex underperformed, trading 0.19 per cent lower at 81,156.89 level, around 12:50 PM.
Individually, shares of MMTC surged sharply today, driven by heavy trading volumes. By 12:50 PM, approximately 14.92 million shares worth ₹115.34 crore had changed hands on the BSE, while on the NSE, the volume was considerably higher with 118.83 million shares traded, amounting to ₹918.62 crore.
IFCI also rallied on robust volumes. Around the same time, 21.59 million shares worth ₹156.14 crore were traded on the BSE. On the NSE, 118.5 million shares exchanged hands, generating turnover of ₹857.63 crore.
IDBI Bank saw similar action, with 11.72 million shares worth ₹111.29 crore traded on the NSE, and 5.17 lakh shares worth ₹4.89 crore changing hands on the BSE.
Meanwhile, Shriram Properties advanced on the back of strong Q4 results. The company's net profit more than doubled, rising 137 per cent Y-o-Y to ₹47.7 crore in Q4FY25. Revenue grew 19 per cent to ₹427.5 crore, while Ebitda nearly doubled to ₹89.2 crore. Net debt fell 26 per cent Y-o-Y, reducing the debt-equity ratio to 0.24x.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
5 hours ago
- Mint
Dividend Stocks: HAL, Godfrey Phillips, Coal India, among others to trade ex-dividend next week; Full list
Dividend Stocks: Shares of major companies, including Hindustan Aeronautics (HAL), Godfrey Phillips India, Coal India, Senco Gold, Rail Vikas Nigam Ltd, Natco Pharma, Power Finance Corp., Jammu & Kashmir Bank, and JK Paper, are among others that will trade ex-dividend in the week starting Monday, 18 August 2025. The ex-dividend date is when the equity share price adjusts itself to reflect the next dividend payout. This day, the stock becomes ex-dividend, which means the shares do not carry the value of their next dividend payment from that day forward. The dividend issue will be payable to all the shareholders whose names appear on the company's list by the end of the record date. According to BSE data, many companies also announced other corporate actions, including bonus issues and stock splits. Aarti Industries Ltd, Bright Brothers Ltd, DHP India Ltd, JK Paper Ltd, Lakshmi Electrical Control Systems Ltd, Power Finance Corporation Ltd, Ram Ratna Wires Ltd, and Rose Merc Ltd. Apollo Hospitals Enterprise Ltd, Elixir Capital Ltd, Industrial & Prudential Investment Company Ltd, Jammu & Kashmir Bank Ltd, Natco Pharma Ltd, Power Grid Corporation of India Ltd, Refex Industries Ltd, R K Swamy Ltd, Shyam Metalics and Energy Ltd, Silver Touch Technologies Ltd, and Sumedha Fiscal Services Ltd. Bhansali Engineering Polymers Ltd, Colab Platforms Ltd, ECOS (India) Mobility & Hospitality Ltd, Him Teknoforge Ltd, Senco Gold Ltd, and Sukhjit Starch & Chemicals Ltd. AMJ Land Holdings Ltd, Bhandari Hosiery Exports Ltd, BSL Ltd, Coal India Ltd, Hindustan Aeronautics Ltd, Honda India Power Products Ltd, Kakatiya Cement Sugar & Industries Ltd, Manorama Industries Ltd, Pudumjee Paper Products Ltd, Relaxo Footwears Ltd, Rail Vikas Nigam Ltd, Styrenix Performance Materials Ltd, and Thomas Cook (India) Ltd. ABM Knowledgeware Ltd, Agi Greenpac Ltd, AK Capital Services Ltd, APL Apollo Tubes Ltd, ASM Technologies Ltd, Bannari Amman Sugars Ltd, Belrise Industries Ltd, Bhatia Communications & Retail (India) Ltd, DAPS Advertising Ltd, Deep Industries Ltd, Dhanashree Electronics Ltd, DMCC Speciality Chemicals Ltd, Dynacons Systems & Solutions Ltd, Dynamic Industries Ltd, eClerx Services Ltd, Federal Bank Ltd, Gujarat Ambuja Exports Ltd, Godfrey Phillips India Ltd, GE Vernova T&D India Ltd, HMA Agro Industries Ltd, IB Infotech Enterprises Ltd, Indigo Paints Ltd, Indian Railway Catering and Tourism Corporation Ltd (IRCTC), iStreet Network Ltd, Jasch Gauging Technologies Ltd, Jindal Steel & Power Ltd, Jindal Stainless Ltd, Sai Silks (Kalamandir) Ltd, KFin Technologies Ltd, Kuantum Papers Ltd, LIC Housing Finance Ltd, Lodha Developers Ltd, Mallcom (India) Ltd, Mayur Uniquoters Ltd, Global Health Ltd, NDL Ventures Ltd, Netweb Technologies India Ltd, Naturewings Holidays Ltd, Nicco Parks & Resorts Ltd, Omax Autos Ltd, Paradeep Phosphates Ltd, Procter & Gamble Health Ltd, Rajesh Power Services Ltd, Rajapalayam Mills Ltd, Sandesh Ltd, Sarda Energy & Minerals Ltd, Shree Digvijay Cement Company Ltd, Sportking India Ltd, United Drilling Tools Ltd, Upsurge Investment & Finance Ltd, Veljan Denison Ltd, and WEP Solutions Ltd. Algoquant Fintech Ltd: declared a bonus issue of shares at a ratio of 8:1. Shares will trade ex-bonus on Monday, 18 August 2025. Bemco Hydraulics Ltd: declared a bonus issue of shares at a ratio of 1:1. Shares will trade ex-bonus on Friday, 22 August 2025. A bonus issue is a corporate action that allows existing shareholders to subscribe for additional shares. Instead of increasing the dividend payout, companies offer to distribute additional shares to the shareholders. For example, the company may give out one bonus share for every ten shares held. Algoquant Fintech Ltd will undergo a stock split from ₹ 2 to ₹ 1. Shares will trade ex-split on Monday, 18 August 2025. Chandrima Mercantiles Ltd will undergo a stock split from ₹ 10 to ₹ 1. Shares will trade ex-split on Wednesday, 20 August 2025. Dev Information Technology Ltd will undergo a stock split from ₹ 5 to ₹ 2. Shares will trade ex-split on Thursday, 21 August 2025. Bemco Hydraulics Ltd will undergo a stock split from ₹ 10 to ₹ 1. Shares will trade ex-split on Friday, 22 August 2025. A stock split is a corporate action that occurs when a company issues additional shares to shareholders to boost liquidity. The total number of shares issued is increased by a specified ratio based on previously held shares. However, if the number of shares outstanding increases by a specific multiple, the total value (in rupees) of all shares outstanding remains the same because a split does not change the company's value. Most common split ratios are 2-for-1 or 3-for-1 (marked as 2:1 or 3:1). For every share held before the split, each stockholder will have two or three shares, respectively, after the split. National Highways Infra Trust - Income Distribution (InvIT) on Tuesday, 19 August 2025. Josts Engineering Company Ltd - Right Issue of Equity Shares on Wednesday, 20 August 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hindustan Times
11 hours ago
- Hindustan Times
Table Space leases over 5 lakh sq ft office space in Gurugram for a monthly rent of ₹3.5 crore
Table Space Technologies Private Limited, a flexible workspace solution provider, has taken on lease 5.34 lakh sq ft of office space for ₹3.47 crore per month in Intellion Park in sector 59, Gurugram, according to the property registration document reviewed by NSE-listed real estate data analytics firm PropEquity. Table Space Technologies Private Limited, a flexible workspace solution provider, has taken on lease 5.34 lakh sq ft of office space for ₹ 3.47 crore per month in Intellion Park in sector 59, Gurugram for six years. (Photo for representational purposes only)(Unsplash) The transaction was registered on July 25, 2025 between Table Space Technologies Private Limited and Mikado Realtors Private Limited, a Tata Group Company (Tata Realty and Infrastructure Ltd). The per sq ft rate works out to be ₹65, the documents showed. Intellion Park is located right off the Golf Course Extension Road, in Gurugram. It offers connectivity through the main access roads - Golf Course Road, MG Road and Faridabad Road and is also well connected to Sohna Road, NH 8 and Delhi. The Southern Peripheral Road, Dwarka Expressway and Delhi-Mumbai Expressway are within easy reach. The metro station is at a 10-minutes drive. According to the registration document reviewed by PropEquity, which also tracks residential and commercial transactions, the lease agreement has been signed for six years starting from lease commencement date of August 1, 2024 till July 31, 2030. The lease deed is also subject to a lock-in period of three years. Table Space will have 11 months for carrying out fit-outs. The lease deed also provides for a fit-out period of eleven months from the Lease Commencement Date (August 1, 2024) to June 30, 2025 during which Table Space will be required to pay only 50% of the maintenance charges, i.e ₹6.5 per sq. ft, the documents showed. The rent commencement and full maintenance charge of ₹13 per sq. ft. shall begin from July 1, 2025 amounting to a monthly rent of ₹4,16,93,496. The agreement provides for 15% escalation in lease rent after every three years, it showed. The agreement also requires the deposit of three month rent as interest free refundable security deposit with 15% escalation after every three years. The lease agreement, upon expiry, can be renewed for a period of four years and thereafter an additional five years, the documents showed. The G+12 structure office building will also have 617 covered car parking spaces in the basement. The transaction incurred a stamp duty payment of ₹1,58,53,000 and registration charges of ₹50,003, the documents showed. Table Space is a flexible workspace solution providers in India and specializes in providing enterprise-managed workspace solutions to global enterprises. Founded in 2017, Table Space's portfolio comprises 100.5 lakh sq. ft of custom workspaces for enterprises as of December 2024, with over 75+ centres across key clusters in India. According to PropEquity, Golf Course Extension Road saw the supply of 5.23 million sq. ft. office space between 2022-24 while leasing stood at 2.72 million sq. ft. The average rentals stood at ₹78 per sq. ft.
Time of India
12 hours ago
- Time of India
Nifty may swing -11% to +4% around 25,000; macro uncertainty clouds outlook: Report
Representative image Nifty 50 could fluctuate between 11 per cent below and 4 per cent above its year-end target of 25,000 as markets face a host of uncertainties, according to a report by BofA Securities. As per news agency ANI, the brokerage said that possible US trade tariffs on Indian goods, a shaky US economic outlook, delays in policy responses, and upcoming elections in six major Indian states could all weigh on investor sentiment. These six states together account for more than 16 per cent of India's public subsidy and capital expenditure. 'We keep our Nifty year-end target intact at 25,000 but expect Nifty to swing -11 per cent to +4 per cent versus this target as markets react to emerging developments around key factors such as trade tariffs, US economic outlook, Fed/RBI cuts, and potential fiscal support to offset tariff impact,' the report noted. BofA expects Nifty earnings to grow 7 per cent in FY26 and 11 per cent in FY27, well below market expectations of 9 per cent and 15 per cent respectively and warned that each earnings season could trigger short-term corrections rather than sustained rallies. The firm added that timely legislative and fiscal reforms, funded by higher RBI dividends, asset sales, fuel duties and leveraged infrastructure spending, could lift market sentiment and provide upside potential. Publicly available data show that both the Nifty 50 and BSE Sensex have been struggling, each in the midst of their longest losing streak in over two decades. They are down about 12.6 per cent and 11.7 per cent respectively from their record highs in September last year, with a roughly 3 per cent decline so far this year. On Thursday, however, both indices ended slightly higher in a volatile session. The Sensex rose 57.75 points (0.07 per cent) to 80,597.66, while the Nifty gained 11.95 points (0.05 per cent) to close at 24,631.30. Gains in IT, pharma, banking and consumer durables were offset by losses in metals, oil and gas, and FMCG. Vinod Nair, head of research at Geojit Financial Services, was quoted by news agency PTI as saying that softer US inflation data and a dovish outlook supported IT and pharma stocks, while hopes for a consumption-led recovery lifted banking and consumer durables. Adding to the broader macro picture, S&P Global Ratings has upgraded India's sovereign credit rating to 'BBB' with a stable outlook, the first such improvement in nearly 19 years, citing robust growth, fiscal discipline, and favourable monetary policy. S&P said the possible impact of US tariffs on India would be 'manageable,' pointing out that around 60 per cent of the country's economic growth comes from domestic consumption, making it less reliant on trade. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
