chart bull shutter

Shares of PG Foils jumped over 3% on Monday to hit an intraday high of ₹231. 



What Happened: The surge today comes as ace investor Porinju Veliyath&#8217;s Equity Intelligence picked up a stake in the company. As per the latest shareholding pattern, Equity Intelligence purchased around 1.2 lakh shares of the company during the September quarter. Currently, it owns a 1.02% stake that is worth around ₹2.75 crore.



See Also: <a href="https://in.benzinga.com/content/35258175/whats-going-on-with-tata-motors-shares-today">What&#8217;s Going On With Tata Motors Shares Today?</a>



The development today helped the stock halt its four straight session losing streak. With a market cap of around ₹270 crore, the micro-cap company is an aluminium foils manufacturer. The company&#8217;s revenue for the June quarter stood at ₹83.8 crore, and profits for the period stood at ₹5.6 crore.



Price Action: PG Foils&#8217; share price was up 2.81% to trade at ₹230.50 on Monday.



Read Next: <a href="https://in.benzinga.com/content/35258279/why-this-mukul-agrawal-backed-small-cap-stock-is-surging-9-today">Why This Mukul Agrawal Backed Small Cap Stock Is Surging 9% Today</a>

Equities

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Shares of PG Foils jumped over 3% on Monday to hit an intraday high of ₹231. 

Porinju Veliyath Picks Up Stake In This Micro Cap Stock, Shares Jump 3% 

Utkarsh Roshan

Equity Intelligence

Porinju Veliyath

Porinju Veliyath Picks Up Stake In This Micro Cap Stock, Shares Jump 3%

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Benzinga Inspire

Adani FPI

This week, the Adani Group stocks presented an impressive performance in the market, with Adani Total Gas leading the pack. This surge comes after a week of significant developments for the Adani Group stocks.



Starting the week of December 4, the NIFTY 50 index saw <a href="https://in.benzinga.com/content/36065237/nifty-50-gainers-adani-group-stocks-shine-as-markets-hit-record-highs">Adani Enterprises</a><a href="https://in.benzinga.com/content/36065237/nifty-50-gainers-adani-group-stocks-shine-as-markets-hit-record-highs"> and Adani Ports</a> registering significant hikes of 7.13% and 6.14% respectively.



<figure class="wp-block-table"><table><thead><tr><th>Stock</th><th>Open</th><th>Close</th><th>Weekly Movement</th><th>Weekly % Change</th></tr></thead><tbody><tr><td>ADANIENT.NS</td><td>₹2,549.95</td><td>₹2,822.15</td><td>₹272.20</td><td>10.67%</td></tr><tr><td>ACC.NS</td><td>₹1,979.00</td><td>₹2,137.80</td><td>₹158.80</td><td>8.02%</td></tr><tr><td>AMBUJACEM.NS</td><td>₹460.00</td><td>₹494.35</td><td>₹34.35</td><td>7.47%</td></tr><tr><td>ATGL.NS</td><td>₹770.00</td><td>₹1,156.80</td><td>₹386.80</td><td>50.23%</td></tr><tr><td>ADANIENSOL.NS</td><td>₹969.00</td><td>₹1,131.50</td><td>₹162.50</td><td>16.77%</td></tr><tr><td>ADANIGREEN.NS</td><td>₹1,160.00</td><td>₹1,550.30</td><td>₹390.30</td><td>33.65%</td></tr><tr><td>ADANIPORTS.NS</td><td>₹865.00</td><td>₹1,022.95</td><td>₹157.95</td><td>18.26%</td></tr><tr><td>ADANIPOWER.NS</td><td>₹494.00</td><td>₹533.80</td><td>₹39.80</td><td>8.06%</td></tr><tr><td>AWL.NS</td><td>₹361.00</td><td>₹377.90</td><td>₹16.90</td><td>4.68%</td></tr><tr><td>NDTV.NS</td><td>₹237.00</td><td>₹271.55</td><td>₹34.55</td><td>14.58%</td></tr></tbody></table></figure>



On December 5, <a href="https://in.benzinga.com/content/36085714/adani-green-bags-1-4b-loan-for-worlds-largest-green-energy-park">Adani Green Energy Ltd secured a $1.4 billion loan</a> for the world&#8217;s largest green energy park, boosting its shares by 20%. On the same day, <a href="https://in.benzinga.com/content/36086293/this-adani-stock-has-surged-15-today-but-analyst-sees-more-upside">Adani Ports&#8217; share price surged</a> by over 12%.



On December 6, the Adani Group stocks continued their strong performance. The same day, <a href="https://in.benzinga.com/content/36106995/lic-stock-piggybacks-on-adani-boom-to-hit-highest-in-over-a-year">Life Insurance Corp&#8217;s investment in the Adani Group</a> companies effectively doubled in value since the Hindenburg report-driven lows.



On December 7,&nbsp;<a href="https://in.benzinga.com/content/36127515/adani-ports-said-to-be-in-talks-to-acquire-port-from-shapoorji-pallonji-shares-gain-over-25-this-wee">Adani Ports was reported to be in talks</a>&nbsp;to acquire Gopalpur Ports in Odisha from the Shapoorji Pallonji Group, potentially marking Adani Port's sixth acquisition of a multi-purpose facility on the eastern coast.



See Also: <a href="https://in.benzinga.com/content/36154299/how-this-former-apple-employee-went-on-to-become-the-brain-behind-adobes-global-empire" target="_blank" rel="noreferrer noopener">How This Former Apple Employee Went On To Become The Brain Behind Adobe&#8217;s Global Empire</a>



Adani Total Gas Ltd.&nbsp;opened at ₹770.00 on Monday and surged to ₹1,156.80 by market close on Friday. The stock recorded a whopping weekly movement of ₹386.80, marking a stellar 50.23% increase.



Following ATGL, the Adani Green Energy stock also showcased a significant uptick. The stock moved from its Monday opening price of ₹1,160.00 to ₹1,550.30 on Friday, achieving a 33.65% weekly jump.



Another star performer was Adani Enterprises Ltd which started the week at ₹2,549.95 and closed at ₹2,822.15 on Friday. The stock registered a considerable weekly movement of ₹272.20, translating into a 10.67% increase.



The Adani Ports also performed well. It opened at ₹865.00 on Monday and moved to ₹1,022.95 by the end of the week, marking an 18.26% increase.



Despite not being the highlight of the week, Ambuja Cements too had a positive week, with its stock price rising from ₹460.00 to ₹494.35, a 7.47% increase.



Read Next: <a href="https://in.benzinga.com/content/36150003/sebi-set-to-introduce-same-day-trade-settlements-soon-heres-what-it-means-for-traders" target="_blank" rel="noreferrer noopener">SEBI Set To Introduce Same Day Trade Settlements Soon&#8217;: Here&#8217;s What It Means For Traders</a>



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This week, the Adani Group stocks presented an impressive performance in the market, with Adani Total Gas leading the pack. This surge comes after a week of significant developments for the Adani Group stocks.

Adani Group Stocks Surged Up to 50% This Week

prachi_sukhwani

Prachi Sukhwani, a 27-year-old with an extraordinary tale of determination and resilience, secured a seat at the prestigious IIM Ahmedabad, proving that where there&#8217;s a will, there&#8217;s a way. Despite suffering from macular dystrophy, which has led to an 80% vision loss, Prachi&#8217;s aspirations never dimmed. This rare, genetic eye disorder did little to hinder her ambition.



What to know: With a remarkable score of 98.55% in the 2016 CAT exam under the category of persons with disabilities, Prachi, a BBA student, had turned her dream into reality. She stated as the time, &#8220;My short-term goal is to join a multinational company. After gaining experience, I aspire to launch my own startup. Ultimately, I aim to establish an NGO for the blind.&#8221;



This Vadodara native&#8217;s achievement isn&#8217;t just a personal victory; it&#8217;s an inspiration to many. On learning about her success, Prachi&#8217;s father, a businessman, expressed immense pride, noting that she received calls from the top three IIMs &#8211; IIM Ahmedabad, Bangalore, and Kolkata. Professor Sharad Bansal, the dean of her college, echoed this sentiment, emphasizing Prachi&#8217;s exceptional success despite her challenges.



See also: <a href="https://in.benzinga.com/content/35973219/why-this-ifs-officer-credits-parents-for-his-success-at-iit-and-sisters-at-isro" target="_blank" rel="noreferrer noopener">Why This IFS Officer Credits Parents For His Success At IIT And Sister At ISRO</a>



Limitless Dreams: Prachi&#8217;s journey is not just about academic excellence; it&#8217;s a story of breaking barriers and setting new standards. Her father, Suresh Sukhwani, shared that for 15 years, Prachi was under regular medical supervision in Chennai and even used special reading glasses, which she eventually found obstructive due to her deep focus on studies. Her determination was evident as she appeared for interviews at India&#8217;s top management institutes.



Prachi&#8217;s ultimate vision extends beyond corporate aspirations. Her goal to establish an NGO for the visually impaired reflects her desire to lessen the suffering of others, making her success even more commendable. With a supportive family, including her mother Kanchan, a homemaker and LIC agent, and sister Nishita, a budding entrepreneur, Prachi Sukhwani&#8217;s journey from overcoming personal obstacles to achieving academic excellence is truly a beacon of hope and inspiration.



Read next:&nbsp;<a href="https://in.benzinga.com/content/35937151/how-harry-potter-helped-a-young-professional-crack-indias-toughest-iim-interviews" target="_blank" rel="noreferrer noopener">How Harry Potter Helped A Young Professional Crack India's Toughest IIM Interviews</a>

Success Stories

Sukhwani&#39;s goal to establish an NGO for the visually impaired reflects her desire to lessen the suffering of others, making her success even more commendable.

How This Vadodara Native Overcame Near Complete Visual Impairment To Conquer IIM-A

Shantanu_Narayen_adobe

In the world of business and technology, few names resonate as profoundly as Shantanu Narayen, the Indian-American powerhouse at the helm of Adobe. Narayen, born into a Telugu-speaking family in Hyderabad, India, grew up under the influence of his entrepreneur father and educator mother, which shaped his early life.



What to know: Narayen&#8217;s journey from his roots in Hyderabad to the pinnacle of the corporate world is not just inspiring but emblematic of India&#8217;s growing global footprint in technology and leadership. After earning his bachelor&#8217;s degree in electronics and communication engineering from Osmania University, Hyderabad, he set his sights on the United States. There, he furthered his education with a master&#8217;s in computer science from Bowling Green State University and an MBA from the Haas School of Business, University of California, Berkeley.



The early stages of his career saw him contribute to companies like Measurex Automation Systems and Apple. His stint at Apple was followed by a crucial role at Silicon Graphics, and he even co-founded Pictra Inc., a pioneer in digital photo sharing.



See also: <a href="https://in.benzinga.com/content/35973219/why-this-ifs-officer-credits-parents-for-his-success-at-iit-and-sisters-at-isro">Why This IFS Officer Credits Parents For His Success At IIT And Sister&#8217;s At ISRO</a>



The game-changer: However, it was his entry into Adobe in 1998 that marked the beginning of an extraordinary ascent. From senior vice president to his appointment as president and COO in 2005, Narayen&#8217;s impact was undeniable. In 2007, he ascended to the roles of chairman, president, and CEO, succeeding Bruce Chizen.



Narayen&#8217;s leadership has not only been pivotal in Adobe&#8217;s growth but has also been lucrative for him. With his compensation crossing the 30-million-dollar mark annually, he stands as one of the world&#8217;s highest-paid executives, with a net worth of ₹4,400 crore as per the 2023 Hurun India rich <a href="https://www.360.one/Content/Report/360ONE-Wealth-Hurun-India-Rich-List-2023.pdf">list</a>.



Under Narayen&#8217;s stewardship, Adobe has not only solidified its position in the digital media and marketing spaces but also reflected his vision of innovation and excellence.



Read next: <a href="https://in.benzinga.com/content/36056445/iit-madras-to-google-how-this-andhra-pradesh-man-fought-past-a-tragic-accident-to-scale-new-heights">How This Andhra Pradesh Man Fought Past A Tragic Accident To Scale New Heights At Google</a>

Narayen&#39;s journey from his roots in Hyderabad to the pinnacle of the corporate world is not just inspiring but emblematic of India&#39;s growing global footprint in technology and leadership.

How This Former Apple Employee Went On To Become The Brain Behind Adobe&#39;s Global Empire

Futures

In a transformative move for India&#8217;s stock market, SEBI (Securities and Exchange Board of India), the capital market regulator, is preparing to introduce a game-changing concept known as T plus zero (T+0) settlement trade. This revolutionary step, expected by March-end 2024, means trades will settle on the same day they&#8217;re executed.



SEBI&#8217;s Chairperson, Madhabi Puri Buch, announced this significant shift towards a more efficient trading system. The journey towards this goal began with a reduction in settlement timelines, moving from the T+2 system (where trades settled two days post-execution) to T+1 earlier in January 2023. Now, the aim is to progress directly from T+1 to instantaneous settlements, bypassing T+0.



See also: <a href="https://in.benzinga.com/content/36148595/tata-group-wants-to-build-indias-biggest-iphone-plants-to-help-with-apples-expansion-plans">Tata Group Wants To Build India&#8217;s Biggest iPhone Plants To Help With Apple&#8217;s Expansion Plans</a>



<h3 class="wp-block-heading">What does T+0 settlement mean for retail traders?</h3>



For retail traders, this evolution is monumental. Currently, the T+1 system settles trades the next business day, but with T+0, it&#8217;ll become even quicker. This means retail traders can access their securities and funds faster, significantly enhancing liquidity and enabling them to respond more agilely to market movements.



SEBI&#8217;s pursuit of T+0, and eventually instantaneous settlements, reflects its commitment to making India&#8217;s capital markets more dynamic and investor-friendly. This shift will likely attract more participation, given the quicker turnaround times and reduced waiting periods for fund and security transfers.



Moreover, this initiative stands as a testament to the robustness of India&#8217;s trading infrastructure, capable of handling such rapid processes smoothly. SEBI&#8217;s progressive approach is paving the way for a stock market that aligns with global standards of efficiency and speed, benefitting retail traders and the market ecosystem at large.



Read next: <a href="https://in.benzinga.com/content/36149293/government-receives-1910-cr-dividend-from-power-grid-corporation">Government Receives ₹1,910 Cr Dividend From Power Grid Corporation</a>

Currently, the T+1 system settles trades the next business day, but with T+0, it&#39;ll become even quicker.

SEBI Set To Introduce Same-Day Trade Settlements Soon: Here&#39;s What It Means For Traders

Market Recap

On Friday&#8217;s trading session, the NIFTY 500 index experienced a mix of significant gains and losses among its stocks. Alok Industries Ltd. and GMR Infrastructure Ltd. stood out as the top performers, while Praj Industries Ltd. faced the steepest decline.



Alok Industries Ltd. emerged as the day&#8217;s star, recording an impressive 12.83% increase in its share price. The stock closed at ₹23.3, up from its previous closing of ₹20.65. Reliance Industries owns a 40% stake in the company.



<figure class="wp-block-table"><table><thead><tr><th>Stock</th><th>Current Price</th><th>Last Close</th><th>% Change</th></tr></thead><tbody><tr><td>Alok Industries Ltd.</td><td>₹23.3</td><td>₹20.65</td><td>12.83%</td></tr><tr><td>GMR Infrastructure Ltd.</td><td>₹68.9</td><td>₹61.7</td><td>11.67%</td></tr><tr><td>Infibeam Avenues Ltd.</td><td>₹22.05</td><td>₹20.2</td><td>9.16%</td></tr><tr><td>Brightcom Group Ltd.</td><td>₹21.6</td><td>₹20.05</td><td>7.73%</td></tr><tr><td>Sobha Ltd.</td><td>₹1031.9</td><td>₹967.15</td><td>6.69%</td></tr></tbody></table></figure>



<figure class="wp-block-table"><table><thead><tr><th>Stock</th><th>Current Price</th><th>Last Close</th><th>% Change</th></tr></thead><tbody><tr><td>Praj Industries Ltd.</td><td>₹545.05</td><td>₹607.5</td><td>-10.28%</td></tr><tr><td>Shree Renuka Sugars Ltd.</td><td>₹44.9</td><td>₹47.9</td><td>-6.26%</td></tr><tr><td>TV18 Broadcast Ltd.</td><td>₹49.25</td><td>₹52.3</td><td>-5.83%</td></tr><tr><td>Adani Enterprises Solar Ltd.</td><td>₹1131.5</td><td>₹1198.7</td><td>-5.61%</td></tr><tr><td>Adani Power Ltd.</td><td>₹533.8</td><td>₹562.4</td><td>-5.09%</td></tr></tbody></table></figure>



In contrast, Praj Industries Ltd. witnessed the most significant drop, with its stock price falling by 10.28% to ₹545.05 from the last close at ₹607.5.



Following Alok Industries Ltd., GMR Infrastructure Ltd. also marked a notable gain of 11.67%, taking its stock price to ₹68.9 from ₹61.7. Other gainers like Infibeam Avenues Ltd., Brightcom Group Ltd., and Sobha Ltd. saw their stock prices rise by 9.16%, 7.73%, and 6.69% respectively.



On the other hand, stocks like Shree Renuka Sugars Ltd., TV18 Broadcast Ltd., Adani Enterprises Solar Ltd., and Adani Power Ltd. also experienced downward trends, with losses ranging from 5.09% to 6.26%.



The day&#8217;s trading session highlighted the dynamic nature of the stock market, with certain stocks achieving significant gains while others faced notable declines. These movements are essential for investors to consider as they plan their strategies for the upcoming week.



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On Friday&#39;s trading session, the NIFTY 500 index experienced a mix of significant gains and losses among its stocks. Alok Industries Ltd. and GMR Infrastructure Ltd. stood out as the top performers, while Praj Industries Ltd. faced the steepest decline.

Reliance-Backed Stock Jumps 13% To Lead Nifty 500 Gainers

Stock Market India

HCL Technologies Ltd. and L&amp;T Technology Services Ltd. emerged as top gainers. HCL Technologies Ltd. saw the highest increase with a 2.72% rise in its share price, followed by L&amp;T Technology Services Ltd. with a 2.54% gain.



<figure class="wp-block-table"><table><thead><tr><th>Stock</th><th>Current Price</th><th>Last Close</th><th>% Change</th></tr></thead><tbody><tr><td>HCL Technologies Ltd.</td><td>₹1364.1</td><td>₹1328.0</td><td>2.72%</td></tr><tr><td>L&amp;T Technology Services Ltd.</td><td>₹5708.7</td><td>₹5567.2</td><td>2.54%</td></tr><tr><td>JSW Steel Ltd.</td><td>₹839.35</td><td>₹819.15</td><td>2.47%</td></tr><tr><td>Apollo Hospitals Enterprise Ltd.</td><td>₹5555.35</td><td>₹5461.4</td><td>1.72%</td></tr><tr><td>Infosys Ltd.</td><td>₹1491.15</td><td>₹1465.9</td><td>1.72%</td></tr></tbody></table></figure>



<figure class="wp-block-table"><table><thead><tr><th>Stock</th><th>Current Price</th><th>Last Close</th><th>% Change</th></tr></thead><tbody><tr><td>Adani Enterprises Ltd.</td><td>₹2822.15</td><td>₹2887.15</td><td>-2.25%</td></tr><tr><td>ITC Ltd.</td><td>₹449.15</td><td>₹458.1</td><td>-1.95%</td></tr><tr><td>Adani Ports and Special Economic Zone Ltd.</td><td>₹1022.95</td><td>₹1039.65</td><td>-1.61%</td></tr><tr><td>Hero MotoCorp Ltd.</td><td>₹3715.75</td><td>₹3772.65</td><td>-1.51%</td></tr><tr><td>Oil and Natural Gas Corporation Ltd.</td><td>₹195.95</td><td>₹198.9</td><td>-1.48%</td></tr></tbody></table></figure>



On the other end of the spectrum, Adani Enterprises Ltd. was the biggest underachiever, experiencing a decline of 2.25%. Other stocks that recorded losses included ITC Ltd., Adani Ports and Special Economic Zone Ltd., Hero MotoCorp Ltd., and Oil and Natural Gas Corporation Ltd.



HCL Technologies Ltd. led the charge with its stock price reaching ₹1364.10, up from ₹1328.00. This growth indicates a positive momentum for the company in the market.



On the contrary, Adani Enterprises Ltd. saw its stock price fall to ₹2822.15 from ₹2887.15, marking it as the day&#8217;s most significant decline.



Other noteworthy stocks such as Apollo Hospitals Enterprise Ltd. and Infosys Ltd. also registered gains, contributing to the diversity in the index&#8217;s performance.



ITC Ltd. and Adani Ports and Special Economic Zone Ltd., however, didn&#8217;t fare as well, with their share prices dropping to ₹449.15 and ₹1022.95 respectively.



See Also: <a href="https://in.benzinga.com/content/36149293/government-receives-1910-cr-dividend-from-power-grid-corporation" target="_blank" rel="noreferrer noopener">Government Receives ₹1,910 Cr Dividend From Power Grid Corporation</a>



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HCL Technologies Ltd. and L&amp;T Technology Services Ltd. emerged as top gainers. HCL Technologies Ltd. saw the highest increase with a 2.72% rise in its share price, followed by L&amp;T Technology Services Ltd. with a 2.54% gain.