Benchmark indices BSE Sensex, NSE Nifty50 were trading higher in afternoon trade today. Bank Nifty was up 150-odd points. HDFC Life, Tata Motors, Apollo Hospitals, Vharti Airtel and Divi's Lab were the top Nifty gainers, while Cipla, IndusInd Bank, Tata Consumer Products, Britannia and Adani Ports were the losers
Shares of PB Fintech (Policybazaar) jumped more than 4% today to hit a fresh 52-week high of Rs 731.90 on NSE. Earlier this month, BoFA Securities downgraded PB Fintech to ‘underperform’ rating with a target price of Rs 600 apiece. BofA called PB Fintech a good company but added that the improved profitability metrics are more or less priced in
Shares of Aavas Financier jumped 5% in early trade today to hit an intraday high of Rs 1,537 on NSE. The jump comes a day after European private equity firm Societe Generale picked up a 0.5% stake in the company. Societe Generale bought 3.96 lakh shares of Aavas Financiers at an average price of Rs 1,427.21 per share through open market transactions on June 26
Shares of HDFC Life Insurance jumped more than 3% today to hit an intraday high of Rs 656.70 on NSE. Insurance stocks are fresh out of a rally and their valuations still look attractive, said Nuvama Institutional Equities Director Madhukar Ladha. He is bullish on HDFC Life and SBI Life
Dish TV shares fell more than 2.5% today to hit an intraday low of Rs 14.80 as the company received approval from the board members for appointment of Veerender Gupta as an additional director in the category of whole-time director with effect from June 26. The stock has risen 6.05% in the last one month
Shares of Paytm parent One 97 Communications jumped around 2% today to hit an intraday high of Rs 857.90 on NSE. Recently, Macquarie downgraded Paytm stock from ‘outperform’ to ‘neutral’ with a target price of Rs 800. Paytm shares have jumped around 20% in the last one month. "After such strong outperformance, we downgrade the stock to Neutral," said the Macquarie report
Shares of Zomato rose over 2% to hit an intraday high of Rs 76.95 on NSE today. Morgan Stanley India favours Zomato as one of its top picks among new-age companies for the second half of FY24, hoping for a surge in sales growth and higher profitability. Among Paytm, PB Fintech, Nykaa stocks, Zomato stands out as the most expensive, but it is also perceived to have the highest potential for profit growth, according to MS
Axiscades Technologies shares surged 5% and were locked in the upper circuit today to Rs 475.75. The stock hit a fresh 52-week for the third-straight session. The company announced on Monday that it had finished re-financing the existing debt of Rs 210 crore borrowed for the Mistral acquisition
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