Benchmark indices were trading in red in afternoon deals today. Sensex was down around 170 pts at 63,211, and Nifty50 was down 50 pts at 18,774. Bajaj Finance, Sun Pharma, Bajaj Finserv, Titan and L&T were the top Nifty gainers, while Kotak Mahindra Bank, Axis Bank, NTPC, PowerGrid and ICICI Bank were the top losers
Shares of Jindal Steel and Power jumped 6% to hit an intraday high of Rs 581.15 on NSE today after Kotak Institutional Equities upgraded the stock to ‘buy’ from ‘reduce’ and also raised its fair value to Rs 740 from Rs 580 earlier. “A sector-leading growth profile along with the strongest balance sheet makes a strong case for re-rating,” the brokerage firm said
Shares of Bank of Baroda (BOB) climbed over 3% to hit Rs 1,00,000 crore in market capitalisation (m-cap). Bank of Baroda shares have an average target price of Rs 216, as per Trendlyne, which suggests an 11% potential upside ahead for the state-run banking stock
Shares of IKIO Lighting jumped around 8% today to hit an intraday high of Rs 443.70 on NSE. The shares gained for the second day in a row after a blockbuster debut on June 16. The stock has gained over 51% from its issue price of Rs 285
Shares of Titagarh Rail Systems, formerly Titagarh Wagons, surged 6% on June 19 morning to hit a 52-week high at Rs 450 on NSE with Antique Stock Broking initiating coverage with a “buy” rating on the stock. The brokerage firm has set a target price of Rs 694 based on 20 times its FY25 earnings, implying a 54% upside from the day’s high
The shares of Dr Reddy's Laboratories rose today to hit a fresh 52-week high of Rs 5,024 on NSE after the US Food and Drug Administration (FDA) cleared the pharma company's Bollaram API (active pharmaceutical ingredients) manufacturing facility with zero observations. The inspection was conducted from June 12 to June 16, 2023
Shares of Shriram Finance surged over 6% in early trade to hit an intraday high of Rs 1,500.90 on NSE after a large block deal took place on the exchanges. Around 99.2 lakh shares or a 2.65% stake in the company changed hands on the exchanges in the block deal window at Rs 1,401.15 per share. The total deal value was Rs 1,390 crore
Shares of Alok Industries jumped more than 10% today to hit an intraday high of Rs 17.60 on NSE. Market cap of the firm climbed to Rs 8,440 crore. It was the top gainer in S&P BSE 500 pack. The stock has risen nearly 30% in the last one month
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