Benchmark indices Nifty50, Sensex were trading deep in the red in afternoon deals today. Titan Company, HDFC Life, M&M, SBI Life, TCS were the top Nifty gainers, while Adani Ports, PowerGrid, IndusInd Bank, NTPC and Apollo Hospitals were the laggards.
Shares of Praj Industries surged about 10% to hit an intraday high of Rs 405.95 on NSE today after the company after the company announced to form a joint venture (JV) with Indian Oil Corporation (IOC). IOC and Praj Industries have signed a term sheet to advance plans to strengthen biofuels production capacities in India.
Shares of Sunteck Realty were the top gainers on Sensex today as the stock surged more than 11% to hit an intraday high of Rs 336 per share. The realty stocks has rallied more than 17% in the last five trading sessions. Company’s market capitalisation stood at Rs 4,886 crore.
Shares of ideaForge Technology made a stellar debut at Dalal Street on Friday as the stock nearly doubled investors' wealth on its maiden trading session, before seeing some profit booking after that. ideaForge shares fell around 6% to hit an intraday low of Rs 1,260 on NSE on the back of profit booking.
Shares of NTPC Ltd touched a 52-week high of Rs 197.75 on NSE today after the company said it had successfully completed the trial operation of Barh Super Thermal Power Project in Bihar. The stock, however, fell in afternoon deals and was trading 1% lower at Rs 193 per share.
Shares of NTPC Ltd touched a 52-week high of Rs 197.75 on NSE today after the company said it had successfully completed the trial operation of Barh Super Thermal Power Project in Bihar. The stock, however, fell in afternoon deals and was trading 1% lower at Rs 193 per share.
Shares of Kalyan Jewellers gained more than 7% on Friday to hit a fresh high of Rs 166.50 on NSE after the jewellery maker said its revenue grew 34% in the April-June quarter, compared to the same period last year. The company opened 12 new showrooms in the non-south markets in Q1FY23. It plans to open 20 more showrooms in the same market before Diwali.
Titan share price gained around 3% on July 7 to hit a new high of Rs 3,210.00 on NSE after the jewellery maker shared a strong operational performance update for Q1 FY24. The company registered a 20% (YoY) revenue growth with all key consumer businesses exhibiting double-digit growth in the quarter gone by.
Allcargo Logistics shares jumped 6% to hit an intraday of Rs 293.50 on NSE today after Jefferies retained its "buy" recommendation on the stock, confident about the logistic player’s prospects. The brokerage, however, trimmed its target price to Rs 370 from Rs 500 to factor in the demerger.
Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position