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News Topical, Digital Desk : There is a slowdown in the stock market today and the market is moving around the previous levels. However, apart from the index, tremendous action is being seen in many stocks. In some of these stocks, there is a long queue of buyers, while in some stocks, selling is dominating. In today's special stocks, Moil and TBO Tek are seeing a sharp rise. At the same time, Indus Tower stock has registered a sharp decline. Understand what is the reason behind this action
TBO Tek
Nifty Smallcap 250 tour and travel related company TBO Tech is witnessing a rise today and the stock has increased by more than 15 percent in early trade. The company has announced a major acquisition in the US. The company has announced to buy another company with an income of $110 million for Rs 1100 crore. After which the stock has seen a rise. Moil company's August production update has been very good. The company has informed that the production of manganese ore has increased by 17 percent. With this information given by the company, the stock has seen a rise and in today's early trade itself the stock has registered a gain of more than 8 percent. Indus Towers On the other hand, Indus Towers stock is witnessing a sharp decline today. The company's board has approved entry into the African market. According to the company, the business will expand in Nigeria, Uganda and Zambia. The company's investment in Africa is likely to affect its dividend payout. This led to a decline in the stock. And the stock has fallen by more than 5 percent.
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