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Ola Surges 9% as Prime Focus Dips 6% Amid Nifty 500 Market Open Volatility
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CNBC TV18•23-09-2026, 10:05
Ola Surges 9% as Prime Focus Dips 6% Amid Nifty 500 Market Open Volatility
- •Ola Electric Mobility shares surged 9% at market open, with over 9 crore shares traded at 1.65 times its 10-day average.
- •Elecon Engineering Company Ltd saw a 6% rise at market open, trading over 20 lakh shares at 9.47 times its 10-day average.
- •Aditya Infotech shares climbed 5% following news of a QIP of up to ’1,500 crore, earmarked for debt repayment and expansion.
- •Prime Focus shares fell over 6% after its subsidiaries announced plans to raise up to $150 million in funding.
- •Meesho dropped 3% after a block deal worth ’900 crore saw 3.86 crore shares change hands at ’233 apiece.
Key Questions Answered
Aditya Infotech shares rose after sources reported the company launched a QIP of up to ₹1,500 crore at an indicative price of ₹3,467 per share, resulting in a 3.7% dilution of pre-issue equity.
Prime Focus shares declined after announcing that its two material subsidiaries, Brahma AI Holdings and Brahma AI Services India, would raise up to $150 million in a funding round led by Multiples.
Meesho fell up to 3% at market open after approximately 3.86 crore shares, representing 0.84% of its equity, changed hands at ₹233 apiece in a block deal worth around ₹900 crore on the BSE.
