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Indian Shares Surge After Major Orders, Regulatory Approvals

Investor enthusiasm for small and midcap stocks climbed after key firms won major contracts or secured regulatory approvals

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Overview

  • Bajaj Finance shares jumped over 3.5% on June 9 after the company set June 16 as the record date for a 4:1 bonus share issue and a 1:2 stock split
  • Larsen & Toubro stock climbed following a Heavy Civil Infrastructure order from JSW Energy for a 1,500 MW pumped-storage project in Maharashtra
  • RailTel Corporation shares rose after winning two work orders worth ₹15.96 crore from Samagra Shiksha in Himachal Pradesh and ₹2.43 crore from the Bihar School Education Project Council
  • MCX shares hit a fresh 52-week high on news of regulatory approval to launch electricity derivatives contracts in India
  • Railway PSU stocks including IRFC, RVNL, IRCON, RITES, Titagarh Rail Systems and Jupiter Wagons gained sharply as investors targeted small and midcap opportunities