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L&T Tech Q2 Results: Revenue from operations grew 8% year-on-year to Rs 2,573 crore, up from Rs 2,386 crore last year. The board declared an interim dividend of Rs 17 per share, payable to shareholders on the record date of October 25. Sequentially, revenue rose 4% quarter-on-quarter, with a 6% year-on-year increase in dollar terms to $307 million.

Cochin Shipyard OFS was subscribed 216.25% by non-retail investors on the first day. The offer will open for retail investors and employees on Thursday. The government intends to offload its 5% stake in the company at a floor price of Rs 1,540 per share.

Gold prices touched a new all-time high of Rs 78,900 per 10 grams in the national capital on Wednesday, gaining Rs 250 due to sustained buying by jewellers, according to the All India Sarafa Association. The precious metal had closed at Rs 78,650 per 10 grams in the previous session on Tuesday.

Short covering occurs when traders buy back previously sold short shares, often leading to a price increase. Five stocks saw short covering on Wednesday, resulting in a decrease in open interest.

The stock quoted a 52-week high price of Rs 5033.2 and a 52-week low of Rs 2389.35.

A total of 419 shares changed hands on the counter till 01:59PM (IST)

In September, mutual funds added 11 new stocks, including Bajaj Housing Finance and P.N. Gadgil Jewellers, showcasing active management strategies aimed at enhancing returns across various portfolios.

Indian blue-chip indices Sensex and Nifty extended their losses, closing in the red for the second consecutive day. Sensex and Nifty fell by 0.39% and 0.34%, respectively, due to weak performances from major companies. While major players like M&M and Infosys stumbled, HDFC Bank and Reliance Industries bucked the trend.

Around nine mutual funds saw a decline in their AUM in September. Aditya Birla Sun Life Mutual Fund saw the largest decline of Rs 9,537 crore. Other funds that saw declines include Tata Mutual Fund, LIC Mutual Fund, Edelweiss Mutual Fund, Bajaj Finserv Mutual Fund, among others.

Midcap IT company L&T Technology Services on Wednesday announced an interim dividend of Rs 17 per share and has set the record date on October 25, 2024.