Latest news with #AnujPandey
Business Standard
13 hours ago
- Business
- Business Standard
Nifty trades above 25,250; metal shares rally for 3rd day
The domestic equity indices traded with significant gains in the early afternoon trade, tracking a sharp rally in Asian markets after US President Donald Trump announced a ceasefire agreement between Iran and Israel. The easing of geopolitical tensions led to a pullback in global crude oil prices, providing further support to domestic equities. The Nifty traded above the 25,250 mark. Metal shares witnessed buying demand for the third consecutive trading session. At 12:30 ST, the barometer index, the S&P BSE Sensex, zoomed 996.28 points or 1.22% to 82,893.77. The Nifty 50 index rallied 309.25 points or 1.24% to 25,281.45. In the broader market, the S&P BSE Mid-Cap index rose 0.95% and the S&P BSE Small-Cap index added 1.12%. The market breadth was strong. On the BSE, 2,869 shares rose and 946 shares fell. A total of 175 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.54% to 13.69. The Nifty 26 Jun 2025 futures were trading at 25,313.80, at a premium of 32.35 points as compared with the spot at 25,281.45. The Nifty option chain for the 26 June 2025 expiry showed a maximum call OI of 149.5 lakh contracts at the 26,000 strike price. Maximum put OI of 133 lakh contracts was seen at the 25,000 strike price. Buzzing Index: The Nifty Metal index jumped 1.97% to 9,379.65. The index rallied 3.75% in three consecutive trading sessions. Steel Authority of India (up 4.55%), Welspun Corp (up 3.16%), NMDC (up 3.15%), Hindustan Copper (up 3.1%), Tata Steel (up 2.89%), Jindal Steel & Power (up 2.73%), Adani Enterprises (up 2.40%), Lloyds Metals & Energy (up 2.39%), JSW Steel (up 2.27%) and Hindalco Industries (up 1.68%) advanced. Stocks in Spotlight: Ugro Capital jumped 4.75% after the company announced the elevation of Anuj Pandey as its new chief executive officer, effective 1 July 2025. Glenmark Pharmaceuticals added 0.37%. The company announced that it had launched TEVIMBRA (tislelizumab) in India after receiving approval from the Central Drugs Standard Control Organization (CDSCO). Metro Brands rose 0.61%. The company stated that it has entered into a strategic partnership with British footwear brand 'Clarks, marking the brands re-entry into the Indian market.
Business Standard
13 hours ago
- Business
- Business Standard
Ugro Capital rallies on appointing Anuj Pandey as new CEO
Ugro Capital advanced 3.69% to Rs 180 after the company announced the elevation of Anuj Pandey as its new chief executive officer, effective 1 July 2025. Pandey, who currently serves as the chief risk officer, has been a founding member of Ugro Capital and has played a pivotal role in building the company's risk governance framework and credit architecture. His appointment was approved by the companys board. Anuj Pandey brings nearly 25 years of experience across prominent organizations such as GSK Consumer, ABN AMRO Bank, Barclays Bank, and Religare, where he held leadership positions in business and product strategy. He holds a in Mechanical Engineering and is an alumnus of the Indian Institute of Management (IIM) Lucknow. UGRO Capital is a pioneering DataTech NBFC specializing in MSME and small business financing. By leveraging advanced data analytics and an extensive distribution network, it bridges the vast small business credit gap in India, delivering tailored credit solutions to micro, small, and medium enterprises (MSMEs) across the country. The company reported a 24.04% jump in standalone net profit to Rs 40.55 crore in Q4 FY25 as against Rs 32.69 crore posted in Q4 FY24. Total income increased 24.83% YoY to Rs 412.44 crore in the quarter ended 31 March 2025.
