Benchmark indices were trading higher in afternoon trade on Friday. BSE Sensex was up around 200 pts at 63,115, while NSE Nifty 50 was up 60 pts at around 18,748. HDFC Life, SBI Life, Dr Reddy's, Bajaj Finserv and UPL were the top gainers, while Bajaj Auto, TCS, Wipro, Apollo Hospitals and Eicher Motors were the laggards
Shares of Ashok Leyland jumped 6% to hit an intraday high of Rs 167.80 on NSE today, was trading near its 52-week high of Rs 169. The stock was in high demand today as investors cheered the commercial vehicle maker’s strong business outlook. Morgan Stanley has an “overweight” rating on the stock with a target price of Rs 178 per share
Shares of HDFC Life Insurance Company jumped 6% on Friday to hit an intraday high of Rs 614 on NSE as the stock traded ex-dividend. Last month, HDFC Life approved the payment of a Rs 1.90 final dividend per equity share of the face value of Rs 10 each for FY23 to its shareholders
Shares of Eureka Forbes jumped around 7% today to hit an intraday high of Rs 571.05 on NSE. The stock has been on fire ever since the home appliances company reported a 346% YoY jump in its consolidated net profit to Rs 20.59 crore for Q4FY23. The company posted its results on May 30 and the stock has appreciated 30% since then
Shares of Piramal Pharma surged over 5% in trade today to Rs 97.45 on NSE, driven by expectations of a turnaround in the company's contract development and manufacturing organization (CDMO) business in FY24. Jefferies remains confident to see a significant margin expansion for Piramal Pharma
Shares of Kalyan Jewellers India jumped 12% to hit an intraday high of Rs 128.60 on NSE today after a large trade happened on the bourses. Around 6.4 crore shares, representing 6.2 percent equity, changed hands in six block deals today
Shares of IKIO Lighting listed at a premium of 38% at Rs 392.5 on NSE, and saw some more following-up buying as the stock surged another 9% to Rs 427.5, taking the overall gains to 50% over the issue price of Rs 285 apiece
Britannia Industries share price rose about a per cent in intraday trade on NSE to hit its fresh 52-week high of Rs 5,022.35, looking set to extend the gains into the second consecutive session. Britannia shares have risen 47% in the last one year against a 22% gain in benchmark Nifty50
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