Stock market benchmark indices Sensex and Nifty bounced back in early trade on Wednesday amid hopes of a rate cut by the US Federal Reserve and fresh foreign fund inflows.
Fast-moving consumer goods (FMCG) company Krishival Foods has informed exchanges that the board has deferred the decision to raise funds through a rights issue. The firm has cited technical issues as the reason behind this decision. It stressed that the issue is expected to be resolved in a month. “The Board of Directors of the Company (“Board”), have deemed it prudent and in the best interest of the Company to defer the Rights Issue due to certain technical issues, which is expected to be resolved within a month,” the filing reads.
The development comes a day after the company’s board approved raising Rs 100 crore through a rights issue.
Increase in authorised capital
The company has also informed exchanges that the board has approved the increase in authorised share capital of the company from existing Rs 24,50,00,000 of Rs 10 per share to Rs 30,00,00,000. The firm also said that it has approved the notice for extra-ordinary meeting of the members that is scheduled to be held on November 21, 2205.
Share Price Today
The stock started the trading session in the green, gaining slightly to Rs 493 from its previous close of Rs 492.55 on the BSE. It further advanced to touch a high of Rs 494, a jump of 0.29 per cent or Rs 1.45 from the previous close. The market cap of the company stood at Rs 1,101.38.
On the National Stock Exchange (NSE), the stock started the trading session at Rs 493.35 and touched a high of Rs 494.80.
The 52-week high of the stock is Rs 508, hit on October 23, 2025, and the 52-week low is Rs 211.
Stock Market Today
Stock market benchmark indices Sensex and Nifty bounced back in early trade on Wednesday, tracking a rally in global peers, amid hopes of a rate cut by the US Federal Reserve and fresh foreign fund inflows.
The 30-share BSE Sensex climbed 287.94 points to 84,916.10 in early trade. The 50-share NSE Nifty went up by 86.65 points to 26,022.85.
