Benchmark indices Nifty50, Sensex were trading firmly higher in afternoon deals today. Apollo Hospitals, BPCL, PowerGrid, Britannia, NTPC were the top Nifty gainers, while Eicher Motors, Maruti Suzuki, IndusInd Bank, Bajaj Finance and Tata Steel were the top losers
Share of CEAT jumped around 9% on Thursday to hit a 52-week high of Rs 2,295.40 on NSE. The surge comes a day after the tyre manufacturer opened its new Truck Service Hub in Gwalior. This marked the company’s third such facility in Madhya Pradesh and is located at Transport Nagar in Gwalior, which is a key logistical hub in the region
Share price of Tata Power gained nearly 3% in the early trade to hit an intraday high of Rs 228.80 on NSE as the company received Letter of Award (LoA) to implement smart metering project in Chhattisgarh State Power Distribution Company Limited (CSPDCL). The LoA has been issued in conclusion to the tender floated by CSPDCL for three packages for different areas under the Chhattisgarh Discom
Shares of Godrej Properties jumped around 3% to a fresh 52-week high of Rs 1,616 on NSE today as foreign broking firm Jefferies re-iterated its “buy” call on the stock and raised the target price to Rs 1,850 from Rs 1,600 earlier. Godrej Properties' profitability should rise from less than 10% of pre-sales to over 15%, the brokerage said
Shares of DCB Bank rose almost 8% to hit an intraday high of Rs 132.00 on NSE, a day after the Reserve Bank of India allowed Tata Asset Management Company (AMC) to raise its stake in the bank to 7.5%. As of March 2023, Tata AMC held a 4.95% stake in DCB Bank. The Reserve Bank of India’s approval is valid for one year starting July 5
Shares of KEC International Ltd hit a record high today after the infrastructure engineering, procurement, and construction (EPC) major firm said it has received new orders worth Rs 1,042 crore across its various businesses. The stock touched a record high of Rs 603.80 on NSE, rising nearly 5% against the previous close of Rs 575.50 on BSE
Shares of Hindustan Zinc rose over 4% to hit an intraday high of Rs 324.90 on NSE today, a day after the Vedanta-owned firm said it will consider interim dividend on shares for the financial year 2023-24 (FY24) Saturday, July 8, 2023. The record date for eligibility for the interim dividend will be Saturday, July 15, 2023, the company said
Share of PNC Infratech jumped more than 6% today to hit an intraday high of Rs 368.00 on NSE. The stock has jumped 16.18% so far this year. Axis Securities has the stock among its top stock picks with a target price of Rs 425 per share
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