Benchmark indices were trading higher in noon trade on Tuesday. While Sensex was up 0.59% at 63,094, Nifty50 was trading 0.57% higher at 18,707. Titan Company, HUL, Asian Paints, Tata Consumer Products, and ITC were among the major gainers on Nifty, while Kotak Bank, M&M, SBI, Coal India, and Adani Ports were the laggards
Share of Tanla Platforms jumped more than 7% today to hit an intraday high of Rs 894.40 on NSE. The stock has been seeing positive movement since it announced that it will acquire 100% stake in ValueFirst Digital Media Private Ltd from US-headquartered Twilio for an all-cash consideration of $42 million (Rs 346 crore), subject to upward closing adjustments in the range of $2.5-3.5 million (Rs 20-29 crore)
Shares of Mankind Pharma jumped 4% on June 13, hitting a 52-week high at Rs 1,540, after the foreign brokerage firm JP Morgan initiated coverage on shares of the pharmaceutical company with an ‘overweight’ rating and a target price of Rs 1,700, which implies a 10% upside from today’s intraday high. JP Morgan has estimated a revenue and earnings growth of 15% and 22%, respectively, on a compounded annual basis over FY23-26
Shares of Inox Wind Energy shot up 19% on June 13, hitting a 52-week high of Rs 2,148 on NSE, reacting to the announcement of the company’s merger with parent Inox Wind. The stock has rallied more than 80% in the past three months and is up over 285% in the past one year. The company will merge with parent Inox Wind through a share swap. For every 10 shares of Inox Wind Energy, 158 equity shares of Inox Wind will be issued
Shares of ZEE Entertainment Enterprises Ltd (ZEEL) tumbled as much as 7% to hit an intraday low of Rs 182 on NSE after the Securities and Exchange Board of India (Sebi) barred the company's promoters Subhash Chandra and Punit Goenka from being directors or key management personnel in any publicly listed company
InterGlobe Aviation (IndiGo) share price fell over 2% in trade to Rs 2,351 on NSE today, looking set to extend losses into the second consecutive session amid reports that the company's co-founder and family are likely to sell some stake in the company
Shares of Axis Bank jumped over 1% on Tuesday to hit an all-time high of Rs 989.70 on NSE. In the last one month, the stock has rallied more than 7%. Axis Bank shares have surged more than 50% in the last one year, outperforming benchmark Nifty50 which has rallied around 18%
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