Stock Market News: Cellucor Gadgets on the upside as board considers stock split

A decision on the issue of share split and demerger is expected to be taken at the board meeting next week.

Cellucor Gadgets shares hit the 10% upper limit on Monday as benchmark stock indexes plunged in early trade on weak global markets and fresh foreign fund outflows. The stock opened at Rs 292.95 and rose about 10% to the upper limit of Rs 310.05. Cellucor Gadgets shares have a 52-week high and low of Rs 355 and Rs 88.15, respectively.

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Celecor Gadgets’ share price has given investors a return of over 350% from its 52-week low.The decision on the issue of share split and demerger will be taken at the board meeting.

next week.

Meanwhile, the 30-stock BSE Sensex fell 463.96 points to 76,745.94. The Nifty slumped 149.6 points to 23,351.50. Among the 30-stock Sensex, IndusInd Bank, Tata Steel, Adani Ports, State Bank of India, Bajaj Finance and JSW Steel were the top losers. Gainers included Sun Pharma, ITC, ICICI Bank and Tata Consultancy Services.

In Asia, Seoul, Shanghai and Hong Kong fell while Tokyo traded in positive territory. US markets ended mostly lower on Friday. Foreign institutional investors (FIIs) sold shares worth Rs 1,790.19 crore on Friday, according to exchange data.

Brent crude, the global oil benchmark, fell 0.07 percent to $85.18 a barrel. Ending a six-day rally, the BSE index fell 269.03 points, or 0.35 percent, to close at 77,209.90 on Friday. The NSE Nifty fell 65.90 points, or 0.28 percent, to end at 23,501.10.