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Surge in Wockhardt Stock: Notable Investors Drive QIP Success

Wockhardt stock soared by 5% after notable investors like Prashant Jain and Madhusudan Kela joined its Qualified Institutional Placement (QIP). Other prominent firms, including ICICI Prudential and Mirae Asset Management, also participated. The QIP concluded with an issuance of 92.85 lakh equity shares, signaling strong market confidence in Wockhardt's future.

Adani Ports Expands with Gopalpur Port Acquisition

Adani Ports' share price rose by 1.5% as it acquires a 95% stake in Gopalpur Port Limited, valued at Rs 3,080 crore. The move enhances Adani's presence in Odisha and strengthens its logistics network.

NMDC Expands into Lithium Exploration: Government Nomination Strategy

NMDC, a leading Indian iron ore miner, is now venturing into lithium exploration in Africa and Australia, aiming to secure assets through government nominations rather than auctions. Despite a 1.6% share dip on Friday, this strategic move reflects NMDC's proactive approach to diversifying its resource portfolio.

Reliance Power: Debt Settlement Spurs Stock Surge

The soaring share price of Reliance Power, backed by Anil Ambani, has surged over 30% in seven straight sessions. Recent efforts to settle dues with major banks and a capital infusion from Reliance Commercial Finance have sparked investor optimism, propelling the stock toward new heights.

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