Latest news with #NationalStockExchange
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Business Standard
40 minutes ago
- Business
- Business Standard
Should you buy, sell or hold Infy stock post Q1 results? Chart check here
Infosys stock needs to trade consistently above its 20-DMA for the short-term bias to turn favourable; on the upside the stock can potentially jump to ₹1,707 levels, indicates technical chart. Rex Cano Mumbai Listen to This Article Infosys stock reacts to Q1 results: Infosys stock opened marginally higher at ₹1,580, and touched a high of ₹1,582 before slipping into the negative zone on Thursday as the stock reacted to its Q1 results announced a day earlier post market-hours. At 9:20 AM, Infosys traded with a loss of 0.7 per cent at ₹1,564 levels on volumes of around 16 lakh shares on the National Stock Exchange (NSE). Meanwhile, the NSE benchmark Nifty 50 index was down 0.04 per cent or 11 points to 25,208. On the earnings front, the IT major reported a 8.7 per cent year-on-year (YoY)
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Business Standard
14 hours ago
- Business
- Business Standard
NSE issues retail algo trading rulebook, mandates strategy registration
With new norms taking effect for retail algorithmic (algo) trading from August 1, the National Stock Exchange (NSE) has released an operational rulebook aimed at fostering a safer and more transparent environment for traders using automated systems. The guidelines issued on Tuesday mandate the registration of all algo strategies, each of which will receive a unique identification (ID). Brokers will now be permitted to offer direct API access to their retail clients, though registration is mandatory. Further, it will be the brokers' responsibility to ensure that only eligible clients use the API or related facilities. For tech-savvy retail traders using their own algos, brokers will be required to disclose the PAN and unique client code of such clients. The application and registration of algo strategies must be done through a broker, with the algo ID allotted by the exchange. If there are more than 10 orders per second, the broker must register the algos developed by clients. Under the new framework, brokers will be held accountable for all orders routed through their terminals. The algo provider, in such cases, will act as an agent of the broker. The guidelines also prescribe several checks, including those related to price, quantity, order value, and position limits. This operational framework follows a circular issued by the Securities and Exchange Board of India (Sebi) in February, which sought to address grey areas in algo trading and ensure appropriate safeguards for retail participants. Market participants had called the guidelines necessary, citing the rise in retail participation and the growing share of algo trades. Algo trading is now widespread across both institutional and retail segments. Algo trading involves executing trades using pre-programmed strategies based on parameters such as price movements and volumes, allowing for automated buying or selling of securities. In FY25, the share of algo trading surged to 70 per cent in equity derivatives (notional turnover), according to the NSE Market Pulse report. Nilesh Sharma, executive director and president, SAMCO Securities, noted: 'These regulations bring much-needed clarity by clearly defining what qualifies as an algo strategy. Notably, low-frequency strategies—those generating fewer than 10 orders per second—are not classified as high-frequency algos. This distinction significantly reduces the compliance burden for retail users deploying simpler, rule-based systems, encouraging wider adoption of technology-driven trading in a responsible manner.' All algo providers will have to be empanelled with the exchange, except those that are in-house and provided by brokers. The turnaround time for empanelment has been set at T+30 working days, while strategy registration will be completed in T+10 working days. Registration for execution algos—where the logic is disclosed—will follow a fast-track process and be completed in T+7 working days. While registering for 'blackbox' or 'whitebox' algos, disclosures on the basic risk management system and an auditor certificate will be required. For blackbox algos—where logic is not disclosed—Sebi has mandated registration of the algo provider as a research analyst. Any change in the logic governing an algo will necessitate re-registration. 'Trading members providing API/algo provider facilities for routing client orders shall not be allowed to cross trades of their clients with each other. All orders must be offered to the market for matching,' the NSE guidelines added.
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Business Standard
20 hours ago
- Business
- Business Standard
Aaron Industries jumps 7% as board approves bonus, record date for dividend
National Stock Exchange (NSE) listed Aaron Industries shares jumped 6.9 per cent, logging an intraday high at ₹424.95 per share. The stock gained after the company announced bonus shares in the proportion of 1:1 and fixed record date for final dividend. At 1:49 PM, Aaron Industries share price was trading 3.98 per cent higher at ₹413.05 per share on BSE. In comparison, the BSE Sensex rose 0.5 per cent to 82,598.03. The market capitalisation of the company stood at ₹433.28 crore. The 52-week high of the company stood at ₹430 per share, and the 52-week low was at ₹251.05. CATCH STOCK MARKET UPDATES TODAY LIVE Aaron Industries' bonus issue and other details The industrial products company's board has considered and recommended the issue of bonus shares in the proportion of 1:1 which means one bonus share of ₹10 each will be received for every existing share. "This is to inform you that the Board of Directors of the Company at their Meeting held on Wednesday, July 23, 2025, has considered and recommended the issue of Bonus Shares in the proportion of 1:1, i.e. 1 (One) new fully paid-up Bonus Equity Shares of ₹10/- (Rupees Ten only) each for every 1 (One) existing fully paid-up Equity Shares of ₹10/- (Rupees Ten only) each held by the eligible Members as on the Record Date, subject to the approval of Shareholders at the ensuing 12th Annual General Meeting of the Company scheduled to be held on Tuesday, August 19, 2025," the filing read. The board also approved the record date for the final dividend as Friday, August 8, 2025. In May 2025, Aaron's board had approved and recommended a final dividend at the rate of 12 per cent i.e. ₹1.2 per share of the face value of ₹10/- each. The dividend will be received if approved by the shareholders at the ensuing Annual General Meeting of the company. The 12th Annual General Meeting will be called and convened on Tuesday, August 19, 2025. The board also approved increasing the authorised share capital of the company from ₹11 crore, divided into 1,10,00,000 shares of ₹10 each to ₹21 crore, divided into 2,10,00,000 shares of ₹10.
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Business Standard
20 hours ago
- Business
- Business Standard
Lodha Developers slips 6%; 1.57 million shares change hands on BSE
Lodha Developers shares slipped 6.6 per cent, logging an intraday low at ₹1,346.5 per share on the BSE amid large trades. On BSE, at 9:56 AM, 1.57 million shares changed hands, while on the National Stock Exchange (NSE), 14.23 million shares were traded. At 9:50 AM, Lodha Developers share price was trading 5.77 per cent lower at ₹1,359.9 per share on BSE. In comparison, the BSE Sensex rose 0.13 per cent to 82,297.47. The market capitalisation of the company stood at ₹1,35,734.19 crore. The 52-week high of the company stood at ₹1,534.25 per share, and the 52-week low was at ₹1,036. Lodha Developers block deal details On NSE, 9.9 million shares changed hands in Lodha Developers through a block deal, according to data compiled by Bloomberg. Reportedly, the floor price of the deal was set at ₹1384.6 per share. Buyers and Sellers for the transactions were not identified. The shareholding pattern on BSE shows that as of the June quarter of 2025, 0.77 per cent stake was held by mutual funds and 1.42 per cent by insurance companies. Among foreign investors, New World Fund Inc held a 4.37 per cent stake, and Gqg Partners Emerging Markets Equity Fund held a 1.11 per cent stake. Promoter holding stood at 71.9 per cent as of June 2025. Besides, Lodha Developers' board will consider Q1 results on Saturday, July 26, 2025. Lodha Developers Q1FY26 updates The company's overall collections saw a healthy 7 per cent uptick to ₹2,880 crore in Q1FY26, up from ₹2,690 crore in the same quarter last year. While net debt remained well below the ceiling of 0.5x net debt-to-equity, it rose by ₹1,100 crore sequentially. That apart, the realty firm recently acquired five land parcels in the Mumbai region, Pune, and Bengaluru during the June quarter to develop housing projects with a total revenue potential of ₹22,700 crore. The company did not mention whether these land parcels were acquired outright or whether it entered into a partnership with landowners. Lodha Developers, erstwhile Macrotech Developers, acquired 10 land parcels during the last fiscal year to develop housing projects with a total sales value of ₹23,700 crore, as it seeks to expand business amid strong demand.
Mint
a day ago
- Business
- Mint
Realty stock Man Infraconstruction rebounds from intraday low; here's why
Realty stock Man Infraconstruction edged higher less than a per cent in Wednesday's trading session after the company announced that board has approved the conversion of 1,58,81,580 convertible warrants into equity shares. The realty stock opened at ₹ 179.85 apiece on National Stock Exchange (NSE) on Wednesday, as compared to previous close of ₹ 178.07 on Tuesday. At 9:45 am, Man Infraconstruction share price dipped over 1 per cent to hit an intraday low of ₹ 177.93, but quickly rebounded to trade at ₹ 179.77 per share. The company informed the exchanges, on July 22, that the board has approved the conversion of warrants into equity shares with a face value of ₹ 2 each on preferential basis to amount aggregating up to ₹ 1,84,62,33,675 at the rate of ₹ 116.25 per warrant. ' We wish to inform you that the Allotment Committee of the Board of Directors of Man Infraconstruction Limited Company'') at its Meeting held today i.e. July 22, 2025, considered and approved the conversion of 1,58,81,580 (One Crore Fifty Eight Lakhs Eighty One Thousand Five Hundred Eighty) convertible warrants into 1,58,81,580 (One Crore Fifty Eight Lakhs Eighty One Thousand Five Hundred Eighty) equity shares of face value of Rs. 2/- each, on preferential basis, upon receipt of an amount aggregating to Rs. 1,84,62,33,675/- (Rupees One Hundred Eighty Four Crore Sixty Two Lakhs Thirty Three Thousand Six Hundred Seventy Five only) at the rate of Rs. 116.25 per Warrant (being 75% of the issue price per Warrant) from the allottees pursuant to the exercise of their right of conversion of Warrants into Equity Shares in accordance with the provisions of SEBI,' the company said in the exchange filing. The company further added, ' The allotment has been made for cash, upon the receipt of the remaining exercise price of Rs. 116.25 per Share Warrant (being an amount equivalent to the 75% of the warrant exercise,price of Rs. 155/- per Warrant), aggregating to Rs. 1,84,62,33,675/- (Rupees One Hundred Eighty Four Crore Sixty Two Lakhs Thirty Three Thousand Six Hundred Seventy Five only).' After the allotment of the new equity shares, the company's total subscribed and paid-up share capital has increased from ₹ 77.56 crore (made up of 38.78 crore shares with a face value of ₹ 2 each) to ₹ 80.73 crore (made up of 40.37 crore shares with a face value of ₹ 2 each). Prabhudas Lilladher Advisory, Vivek Mahavir Jain, Forbes EMF, Minerva Ventures Fund were among the list of 50 allottees of the equity shares. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
