News On The Share Market: Mufin Green Finance Shares Are Locked In A 5% Upper Circuit | View Details

News on the Share Market: On Tuesday, February 27, shares of Mufin Green Finance, a listed NBFC that specializes in financing for electric vehicles (EVs), reached an upper circuit of 5%. When last observed, the counter was trading at Rs 224.

Although Mufin Green Finance Limited’s shares have declined over the past five days, investors have still received a positive return on their investment of 2.26 percent over the past month.

The price of Mufin Green Finance’s shares has climbed by 67% in the past six months, from Rs 134 to Rs 224. With a market valuation of approximately Rs 3580 crore, Muffin Green Finance shares have a 52-week high of Rs 274 and a 52-week low of Rs 108.

Following the opening ceremony in New Delhi, Vikas Life Care Limited has notified the stock market that PME Entertainment, an associate company, is organizing Miss World this year. The competition has now reached Mumbai.

Tuesday’s trading session saw a weak start for the equity benchmark indices, which were tracking weak trends in the world market as well as new outflows of foreign funds.

In early trading, the 30-share BSE Sensex fell 130 points to 72,660.13. A 36.4-point decline brought the Nifty to 22,085.65.

Subsequently, the benchmark indices gained back the ground they had lost in the beginning and were trading slightly higher. The Nifty traded 8.85 points higher at 22,135.60, while the 30-share BSE benchmark quoted 10.30 points higher at 72,800.43.

The biggest laggards among the Sensex companies were Axis Bank, Bharti Airtel, HDFC Bank, Larsen & Toubro, Bajaj Finance, ICICI Bank, and Reliance Industries. Among the winners were UltraTech Cement, HCL Technologies, Wipro, and Tata Consultancy Services.

Shanghai was quoted in the green while Seoul, Tokyo, and Hong Kong were trading lower in Asian markets. Monday’s US market close was somewhat lower. According to exchange data, foreign institutional investors (FIIs) offloaded stocks on Monday worth Rs 285.15 crore.

On Monday, the BSE benchmark dropped 352.67 points, or 0.48 percent, to end the day at 72,790.13. The Nifty dropped to 22,122.05., down 90.65 points, or 0.41 percent. The F&O contract expiry is expected to cause volatility this week, according to Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. The benchmark for global oil, Brent crude, fell 0.12% to USD 82.43 per barrel.