Benchmark indices were trading marginally higher in noon trade on Wednesday. While BSE Sensex was up 0.035% up at around 63,165, broader NSE Nifty50 was up 0.12% at 18,739. Tata Consumer Products, JSW Steel, Tata Steel, NTPC, Powergrid stocks were the top Nifty gainers, while Bajaj Finance, Bharti Airtel, Bajaj Finserv, Hero MotoCorp, and IndusInd Bank were the laggards
Shares of Tanla Platforms jumped more than 9% today to hit an intraday high of Rs 1,066 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 Shyam Metalics and Energy (SMEL) surged more than 9% to hit their new 52-week high of Rs 346.85 on NSE during the early trading session on Wednesday amid the heavy trading volumes and buying across the entire metal pack. The stock continues to remain the top pick of brokerage firms from the metal sector
Shares of PCBL shot up more than 7% on June 14, hitting a 52-week high of Rs 158.45 on NSE. ICICIdirect maintained a buy rating on PCBL with a target price of Rs 200 amid healthy volume growth in the offing, increasing share of speciality grade carbon black, consequent rise in margins and return rations, and inexpensive valuations
Shares of KEI Industries surged over 6% in intraday trade today to hit a new high of Rs 2,233, on the NSE. So far in 2023, the stock of electrical cables manufacturers has rallied 50% on strong financial performance and positive outlook. In comparison, NSE Nifty 50 has gained 3.3% so far in CY23
Shares of Vodafone Idea jumped 10% today amid a news report suggesting that the telecom company has proposed to infuse total equity of Rs 14,000 crore in the near term as part of its business revival plan. In the last one month, Vodafone share price has jumped around 14%
Shares of One 97 Communications (Paytm) rose nearly 2% to hit a 52-week high of 846.90 on NSE in Wednesday's trade. With this, the stock has risen 93% from its 52-week low of 439.60 hit in November last year. The stock has been rising on improving business prospects and recent 'buy' ratings by a host of brokerages with price targets around Rs 850 level
Tata Consumer Products share price jumped around 5% on Wednesday to hit a fresh 52-week high of Rs 864 on NSE. Tata Consumer Products has emerged as one of the top performers in the FMCG sector, which is showing overall strength, according to share market analysts. So far this year, the stock has rallied nearly 13%
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