Tatva Chintan makes stellar debut, ends with 113% gains

New delhi

Shares of specialty chemical manufacturing company Tatva Chintan Pharma Chem, which made a bumper debut on Thursday, closed the day with a premium of over 113% against the issue price of Rs 1,083. The stock made its debut at Rs 2,111.80, zooming 94.99% from the issue price on the BSE. PTI

MUMBAI

Gold demand up 19% in April-June quarter: WGC

India’s gold demand rose by 19.2% to 76.1 tonne during the April-June quarter this year, largely due to low base effect, owing to the nationwide lockdown that hit economic activity last year, the World Gold Council (WGC) said. The overall gold demand during the second quarter of 2020 calendar year stood at 63.8 tonnes, according to the WGC report. PTI

New Delhi

Tech Mahindra Q1 profit up 39% to Rs1,353.2 crore

Information Technology major Tech Mahindra on Thursday reported 39.2% rise in net profit at Rs 1,353.2 crore for June quarter 2021-22. Revenue stood at Rs 10,197.6 crore in the quarter under review, up 12% from Rs 9,106.3 crore in the year-ago period. Tech Mahindra’s total headcount stood at 1,26,263, up by 5,209 employees on a sequential basis. PTI

New Delhi

Glenmark Life Sciences IPO subscribed 44.17 times

The IPO of Glenmark Life Sciences was subscribed 44.17 times on the closing day of subscription on Thursday. The Rs 1,513.6-crore IPO received bids for 66,33,24,160 shares against 1,50,18,279 shares on offer, according to NSE data. PTI