Eraaya Lifespaces Shares Gain As Company Mulls Raising Funds, Issuance of Securities.
Shares of Eraaya Lifespaces surged after announcing a board meeting to discuss fund-raising and securities issuance.
Shares of Eraaya Lifespaces rose in early trading on Monday after the company announced that its board would meet this month to discuss fund-raising and the issuance of securities. The stock opened with a 2.8 percent gain at Rs 820 and climbed to a high of Rs 835. The board meeting is scheduled for July 29, 2024, and will also consider converting loans into equity shares.
Meanwhile, equity benchmark indices fell in early trading on Monday as investors booked profits following a recent rally. Mixed signals from Asian markets contributed to the subdued trend in domestic equities.
The 30-share BSE Sensex opened weak and declined further by 204.39 points to 79,792.21. The NSE Nifty dropped 40.75 points to 24,283.10. Among the laggards in the Sensex pack were Titan, Asian Paints, Adani Ports, Bajaj Finserv, UltraTech Cement, and Maruti, while Tata Motors, Tech Mahindra, ICICI Bank, and State Bank of India were among the gainers. In Asian markets, Shanghai and Hong Kong were trading lower, while Seoul and Tokyo were in the green. US markets closed with gains on Friday.
On Friday, the broader NSE Nifty continued its record-breaking run, rising 21.70 points or 0.09 percent to close at a lifetime high of 24,323.85. However, the BSE benchmark fell by 53.07 points or 0.07 percent to settle at 79,996.60.
Global oil benchmark Brent crude dipped 0.09 percent to USD 86.46 a barrel. According to exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 1,241.33 crore on Friday.