 "Hinduja arm NXTDigital's shares up around 40% in 2 trading sessions")
When benchmark Indian indices were on a downward trend due to Omicron concern-led weak broader market sentiment, shares of NXTDIGITAL have risen around 40 per cent in the past two trading sessions.
On Friday, Sensex and Nifty settled at 57,696.46 points and 17,196 points, down 1.31 per cent and 1.18 per cent from its previous close, respectively.
NXTDIGITAL, a subsidiary of Hinduja Group, provides digital television services to consumers.
On Friday, shares of the company settled at Rs 472.50, nearly 11 per cent higher from its previous close. The intra-day high was Rs 511.8 per share.
Notably, the company has recently raised Rs 560.13 crore through rights issue, against an issue size of Rs 288.61 crore.
Also, the company has reportedly been taking steps to liquidate non-core assets to pare its debt obligations.
--IANS
ad/skp/
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app