THIS company's shares gain despite tensions in the Middle East
New Delhi: A day after plunging around 7 per cent, Shares of pharma company Sigachi Industries Ltd., India's largest producer of Microcrystalline Cellulose (MCC), rebounded on Wednesday, June 18, 2025, even as the market remained volatile as investors turned cautious amid tensions in the Middle East. The counter opened in the red with a slight loss at Rs 54.75 against the previous close of Rs 54.82 on the BSE. The stock gained to touch the intraday high of Rs 56.15. On the NSE, the stock started trading at Rs 54.68 and touched a high of Rs 56.22. The stock of Sigachi Industries had tanked 6.88 per cent in the last trading session.
The stock has a 52-week high of Rs 69.75, indicating the highest price the stock has reached in the past year, and a 52-week low of Rs 34.51, which is the lowest price the stock has reached in the same period. The market cap of the company is Rs 1,797.28 crore. Share Price History
According to the BSE Analytics, the company has given a multibagger return of Rs 115 per cent in two years. However, it has corrected around 15 per cent in one year. Sigachi Industries new R&D center
Sigachi Industries has informed exchanges that it has inaugurated its state-of-the-art Research and Development (R&D) Centre in Hyderabad. This new facility is equipped with the latest technology and is expected to play a crucial role in the company's future product development and innovation strategies.
With the inauguration of its advanced Research and Development (R&D) Centre in Hyderabad, Sigachi Industries has taken a significant step towards accelerating product development and fostering long-term growth in regulated markets. This milestone, as stated in an exchange filing, underscores Sigachi's commitment to innovation and expansion.
Meanwhile, Foreign Institutional Investors (FIIs) bought equities worth Rs 1,482.77 crore on Tuesday, according to exchange data. This significant investment from FIIs could indicate growing confidence in Sigachi Industries. Domestic Institutional Investors (DIIs) also bought equities worth Rs 8,207.19 crore in the previous trade, further boosting the company's stock performance.
While the US markets closed lower on Tuesday, there are signs of optimism in the Asian markets. South Korea's Kospi and Japan's Nikkei 225 index are trading in the positive territory, offering a glimmer of hope. However, Shanghai's SSE Composite index and Hong Kong's Hang Seng are quoting lower, indicating a mixed market sentiment.
US markets ended lower on Tuesday. Global oil benchmark Brent crude climbed 0.44 per cent to USD 76.79 a barrel.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
23 minutes ago
- New Indian Express
ICICI Lombard net profit zooms 47.6% to Rs 746.6 crore on motor segment growth
MUMBAI: ICICI Lombard General Insurance has reported a net profit of Rs 746.6 crore in the June quarter, up a strong 47.6% from Rs 505.9 crore in the same period a year ago, as the company had lower claims and higher premium collection from the staple motor segment. The surge was primarily driven by higher investment income and a recovery in underwriting performance, particularly in the motor segment, the company said in a statement Tuesday. Gross written premium during the quarter inched up 1.5% to Rs 805 crore from Rs 793 crore in the same quarter last year, while net written premium rose to Rs 561 crore, up 4.7% from Rs 536 crore and the net premium earned came in at Rs 513.6 crore, up 14%. Total income surged to Rs 608 crore in Q1 from Rs 535 crore, bolstered by a sharp rise in investment income. Net income from investments increased to Rs 94.3 crore, up 11.6 percent from Rs 84.45 crore.
India.com
30 minutes ago
- India.com
Rs 4470000000: This Indian company hits JACKPOT, gets big contract from Delhi metro for..., company is...
Rs 4470000000: This Indian company hits JACKPOT, gets big contract from Delhi metro for..., company is... RVNL Share Price: In a major development, Rail Vikas Nigam Limited has signed a significant deal with the Delhi Metro Rail Corporation. As per the Rs 447 crore contract, RVNL will complete the work of designing a 7.29 km long bridge and constructing 7 metro stations within 36 months. This is the third big contract for the state-owned company in 10 days. Earlier, RVNL had received contracts worth Rs 800 crore during the same period. The company secured this contract under Delhi MRTS Phase-4, whose total value is Rs 447.42 crore. Notably, after South Railway and South Central Railway, RVNL has received a major contract from the Delhi Metro Rail Corporation (DMRC). What Is The Deal Made Between RVNL And DMRC? According to the Letter of Acceptance (LoA), RVNL has to complete the designing and construction work of 7.29 km long bridge for DMRC in 36 months. The contract also includes the construction of seven stations, namely – Pushp Vihar, Pushp Bhawan, Saket District Court, Chirag Delhi, GK-1, Andrews Ganj and Lajpat Nagar Metro. With back-to-back major contracts, the RVNL shares are expected to rise further in the coming days. Which Contracts Did RVNL Receive In 10 Days? On July 5, RVNL received its first big contract of Rs 143 crore from South Railway. After that South Central Railway awarded the state-owned company with Rs 213 crore contract on July 11. The third major contract was signed with DMRC, worth Rs 447 crore. The total value of these three contracts is over Rs 803 crore.
Time of India
31 minutes ago
- Time of India
Spandana Sphoorty to raise Rs 400 crore via rights issue for FY26 plans
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Microfinance company Spandana Sphoorty Financial is planning to raise up to Rs 400 crore from existing shareholders through rights issue of shares. The company board approved the plan board will meet again on Friday to fix the price of the issue and other related matters such as related payment mechanism, rights entitlement ratio, the record date and timing of the issue, Spandana said after Tuesday's board meeting in regulatory filings to the stock rights issue is a part of the microfinance company's plan to raise up to Rs 750 crore in equity in FY26.A board committee was earlier formed to oversee the capital raising exercise. Interim chief executive Ashish Damani had earlier said that the promoter Kedaara Capital is expected to participate in the rights Sphoorty suffered a Rs 1035 crore annual net loss in FY25 while its gross bad loan ratio jumped to 5.63% of the total portfolio. It faced another jolt when chief executive Shalabh Saxena abruptly stepped down in April amid suspicion of unreported frauds at the branch level and cash balance company however denied all the allegations.
