Hot stocks on August 21, 2023: Reliance Industries, PNB Housing, Jio Financial, SJS Enterprises and more
Produced by: Aseem Thapliyal
Designed by: Manoj Kumar
Benchmark indices were trading higher in early deals today (August 21). The 30-stock Sensex gained 146 points to 65,094 and Nifty rose 39 points to 19,349.
Indices trading higher on August 21
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The rally in global markets, driven by the US economy's soft landing narrative, appears to be losing steam. The major headwinds for the markets now come from the rising dollar and bond yields. The FPI selling in the cash market in August so far is likely to continue, going forward. Since the developments in the US economy are the main influences on the market, all eyes will be on the Fed chief Powell's speech at the Jackson Hole Symposium on Friday. Long-term investors can use market corrections to slowly accumulate high-quality growth stocks, particularly in banking, capital goods, and automobiles."
Fed chief Powell's speech to decide direction of market
Shares of Apar Industries hit their 52-week high of Rs 5,353.20 in early deals. Market cap of Apar Industries rose to Rs 20,098 crore. Total 0.18 lakh shares of the firm changed hands amounting to a turnover of Rs 9.24 crore on BSE.
Apar Industries
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Shares of Reliance Industries are trading ex-dividend today. The firm has declared final dividend of Rs 9 per share. The record date for the same is August 21. The stock fell 2% to Rs 2517 on BSE. Market cap of the firm fell to Rs 17.11 lakh crore. Total 0.83 lakh shares of the firm changed hands amounting to a turnover of Rs 21.03 crore on BSE.
Reliance Industries
Shares of S.J.S. Enterprises slipped over 4% to Rs 610.90 in early deals as ace investor Ashish Kacholia has offloaded part of his stake in the aesthetic solutions provider for Rs 11.6 crore via the open market. The stock fell to an intraday low of Rs 610.90. Market cap of the firm declined to Rs 1,901.54 crore.
S.J.S. Enterprises
PNB Housing Finance stock rose 8.40% in early deals after firm said through its focussed and multi-pronged resolution strategy, it has successfully resolved and fully recovered a large corporate non-performing account of Rs 784 crore. Total 0.56 lakh shares of the firm changed hands amounting to a turnover of Rs 3.75 crore on BSE. Market cap of the firm rose to Rs 17,382 crore.
PNB Housing Finance
Shares of RPG Group firm KEC International rose 8% today after the firm said it received new orders worth Rs 1,007 crore across its various businesses. The stock gained 8.02% to Rs 674 against the previous close of Rs 623.95 on BSE.
KEC International
Shares of Concord Biotech were trading lower in early deals after Norges Bank bought nearly nine lakh shares or 0.9% stake in the firm in bulk deals. Norges Bank is the central bank of Norway. The deal was carried out on account of the government pension fund global. Concord Biotech stock fell 1.17% to Rs 930.85 against the previous close of Rs 941.85 on BSE.
Concord Biotech
Shares of Jio Financial Services, the demerged financial business of Reliance Industries Ltd, listed at Rs 265 apiece on BSE, a 1.18% premium over their discovered price of Rs 261.85 apiece on July 20. The stock hit a high of Rs 278.20 and low of Rs 253.30 in the first five minutes of trade.
Jio Financial Services
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