Nippon Life India Asset Management Ltd Share Price – NSE /  BSE

Finance, Small Cap

Nippon Life India Asset Management has allotted 44,118 equity shares under ESOP on 13 December 2024. With this allotment, the paid up equity share capital has increased to 63,33,84,593 equity shares of Rs 10 each.

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Nippon Life India Asset Management has allotted 11,218 equity shares under NAM INDIA ESOP 2019. With this allotment, the paid up equity share capital has increased to 63,33,40,475 equity shares of Rs 10 each.

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The key equity benchmarks traded with major gains in morning trade. The Nifty traded above the 23,550 mark. Realty shares witnessed buying demand for the fifth consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex gained 693.38 points or 0.90% to 77,842.37. The Nifty 50 index rose 204.15 points or 0.87% to 23,554.05.

The broader market underperformed the benchmark indices. The S&P BSE Mid-Cap index rallied 0.38% and the S&P BSE Small-Cap index rose 0.37%.

The market breadth was strong. On the BSE, 2,214 shares rose and 1,324 shares fell. A total of 164 shares were unchanged.

New Listing:

Shares of Zinka Logistics Solutions were currently trading at Rs 276.45 at 10:15 IST on the BSE, representing a premium of 1.26% as compared with the issue price of Rs 273.

The scrip was listed at Rs 279.05, exhibiting a premium of 2.21% to the issue price.

So far, the stock has hit a high of 285.80 and a low of 271.50. On the BSE, over 2.92 lakh shares of the company were traded in the counter so far.

Buzzing Index:

The Nifty Realty index jumped 2.27% to 997.40. The index rallied 6.41% in five consecutive trading sessions.

Raymond (up 5.96%), Godrej Properties (up 4.18%), Macrotech Developers (up 3.27%), DLF (up 3.26%), Sobha (up 2.97%), Brigade Enterprises (up 1.64%), Mahindra Lifespace Developers (up 1.03%), Phoenix Mills (up 0.46%) and Oberoi Realty (up 0.43%) advanced.

Stocks in Spotlight:

Nippon Life Indian Asset management rose 1.15% after the company has executed a definitive agreement with One Place Commercials for the purchase of commercial office space in Lower Parel, Mumbai for Rs 486 crore.

Raymond rallied 5.78% after the company has received a ‘No observation letter’ from the NSE & BSE for the scheme of arrangement between the company and Raymond Realty.

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The new space, located at One Lodha Place, Lower Parel, spans a carpet area of 52,162 square feet.

The purchase has been made for a consideration of Rs 486 crore, excluding applicable stamp duty. NAM India said there are no shareholding ties with the selling entity, and the transaction is not categorised as a related party transaction.

NAM India is the asset manager of Nippon India Mutual Fund (NIMF). The company is involved in managing mutual funds including exchange traded funds (ETFs); managed accounts, including portfolio management services (PMS), alternative investment funds and pension funds; and offshore funds and advisory mandates.

The company’s consolidated net profit jumped 47.33% to Rs 360.10 crore on 45.59% rise in total income to Rs 692.08 crore in Q2 FY25 over Q2 FY24.

The scrip rose 0.99% to currently trade at Rs 681.50 on the BSE.

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