Benchmark indices Nifty50, Sensex were trading marginally lower in afternoon deals today (July 5). Divi's Lab, Hero MotoCorp, HDFC Life, Tech Mahindra and Bajaj Auto were the top Nifty gainers, while HDFC, HDFC Bank, Eicher Motors, Tata Consumer Products and Hindalco were the laggards
Market valuations are not favourable now and growth and earnings prospects, though good, are not very bright. ITC, HDFC Bank, Hero MotoCorp among buzzing stocks in afternoon trade today.
Shares of LTIMindtree jumped over 3% to a 52-week high of Rs 5,430 on NSE in intraday trade today as the company is slated to replace Housing Development Finance Corporation (HDFC) from the Nifty 50 index from July 13. LTIMindtree's inclusion in Nifty 50 comes after the merger between HDFC and HDFC Bank came into effect on July 1
ITC share price gained over 2.5% on July 5 and hit a fresh 52-week high of Rs 480.65 on NSE as media reports surfaced stating that the process for demerging the hotel business is underway. ITC is exploring alternate structures for hotel business, the reports claimed. The development comes at a time when the hospitality sector is in the midst of a boom
Shares of Samvardhana Motherson International Limited (SAMIL) gained more than 6% to hit a fresh 52-week high of Rs 93.65 on NSE after the company’s wholly owned subsidiary, SMRP V announced plans to pick up an 81% stake in Yachiyo Industry which makes sunroofs, fuel tanks, and resin products
HDFC Bank declined around 3% to hit an intraday low of Rs 1,668.55 on NSE after the company announced its first quarter business update for FY24. Its advances aggregated to approximately Rs 16.15 lakh crore for the quarter ended June 30, up nearly 15.8% YoY. The bank’s deposits jumped 19.2% YoY to Rs 19.13 lakh crore
Shares of Genus Power Infrastructures Ltd surged 20% to a 52-week high of Rs 169.05 on NSE today, a day after GIC said it would acquire a 74% stake in the Indian company's smart metering solutions arm for $2 billion. After the deal, Gem View Investment will hold 74% and the rest 26% shall remain with Genus. The Genus stock has delivered a massive 70% return in the last one month
Hero MotoCorp share price witnessed a sharp rally on Wednesday driven by the launch of X440 in India, a premium motorcycle co-developed by the world’s largest two-wheeler manufacturer and iconic American brand Harley-Davidson. The stock jumped more than 3% to hit a fresh 52-week high of Rs 3,163 per share on NSE
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