Benchmark indices Nifty50, Sensex touched fresh record highs today. The indices were half a per cent up in afternoon trade. HDFC, HDFC Bank, JSW Steel, UltraTech Cement and Divi's Lab were among the major Nifty gainers, while losers included Power Grid Corporation, Bajaj Auto, Hero MotoCorp, Maruti Suzuki and Tech Mahindra
Shares of shipbuilding firm Mazagon Dock Shipbuilders Ltd jumped more than 6% on Monday to hit a 52-week high of Rs 1,342 on NSE today after the firm inked a Rs 2,725 crore contract for Medium Refit with Life Certification (MRLC) of Sub-Surface Killer (SSK) Class of Submarine “INS Shankush” with the Ministry of Defence. The multibagger stock has rallied around 34% in the last one month
Suzlon Energy shares jumped nearly 10% to hit a fresh 52-week high of Rs 16.80 on NSE as 33,46,48,466 Suzlon Energy shares worth Rs 551 crore changed hands intraday. The stock rose after ICICI Securities initiated coverage, saying Suzlon Energy is best equipped to benefit from industry tailwinds. It expects a sharp uptick in Suzlon Energy earnings FY24E onwards. The brokerage has recommended a share price target of Rs 22 on the stock, valuing it at 24 times FY25 EPS
Shares of Tata Motors rose over 1% to hit a 52-week high of Rs 602.30 on NSE in early trade today after the company's total sales in June topped Nomura's estimate. The carmaker's total sales came at 81,673 units in June, down 1.1% from 82,570 units sold in the same month last year. Despite the on year decline, total sales still topped global research and broking firm Nomura's estimate of 78,000 units
Karur Vysya Bank share price gained over 6% today to hit a 52-week high of Rs 133.30 on NSE after the bank reported 14% growth in advances and deposits for the quarter ended June 30. The bank's advances stood at Rs 67,105 crore, up 14% from the corresponding period in the previous year. The advances have increased 4.6% as compared to the previous quarter
Shares of Zee Entertainment Enterprises Ltd advanced 2.5% to hit an intraday high of Rs 185.00 on NSE after the firm and IndusInd Bank announced that all payments due to IndusInd bank were made by ZEEL on June 30. The National Company Law Appellate Tribunal (NCLAT) has accordingly disposed of the appeal
Shares of L&T Finance surged up to 9% in Monday's trade amid strong volumes on NSE to hit an intraday high of Rs 139.45 on NSE. The company on Saturday said Sudipta Roy will assume the position of MD & CEO of the company with effect from January 24, 2024, subject to necessary regulatory and/or statutory approvals
BSE shares jumped more than 6% on NSE to hit an intraday high of Rs 651.65 after the company informed the exchange about board meeting to be held on July 6 to consider buyback". On Thursday, July 6, the company's board of directors will discuss the proposal. BSE had already announced a 2:1 bonus issue in 2022, which meant that it issued two bonus shares for each share held
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