Hot stocks on August 31, 2023: Suzlon Energy, Jio Financial, Dilip Buildcon, BHEL and more
Produced by: Aseem Thapliyal
Designed by: Manoj Kumar
Benchmark indices were trading flat in early deals today (August 31). Sensex gained 4 points to 65,091 and Nifty fell 14 pts to 19,333.
Indices trading flat
on August 31
share market today
stock market today
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The declining bond yields in the US have turned the global market construct favourable for equities. But this is unlikely to create a highly favourable environment in the Indian market since the poor monsoon is becoming a major worry. Unless the rains revive soon, the economy and markets will come under a cloud. Investors may consider tweaking their portfolio with higher weightage for more inflation-proof segments like pharmaceuticals and export oriented sectors like IT."
Market may come under
the cloud due to poor
monsoon
Shares of Gokaldas Exports slipped 9.48% to Rs 791 today. The stock was the top loser on BSE. Market cap of the firm fell to Rs 4,876 crore on BSE.
Gokaldas Exports
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Shares of Sula Vineyards fell over 4% to Rs 486.10 in early deals as 13.1 percent equity changed hands in a block deal on August 31. Around 1.1 crore shares changed hands at an average of Rs 490 apiece, a 3.8% discount to the previous day’s close of Rs 508.70. The transaction was worth Rs 540 crore.
Sula Vineyards
Shares of Aeroflex Industries made a strong debut at Dalal Street as the stock got listed at Rs 197.40, a premium of 83% over its issue price of Rs 108, on BSE. Similarly, the counter kicked-off its maiden trading session at a premium of 76% at Rs 190 on National Stock Exchange (NSE).
Aeroflex Industries
Shares of renewable energy firm Suzlon Energy slipped 8.51% from 52-week high to Rs 24.70 on BSE. At 9:28 am, the Suzlon Energy stock was trading 4.17% lower at Rs 24.81. Earlier, the stock scaled a fresh 52-week high for the fourth consecutive session today. Suzlon Energy stock gained 4.3% to Rs 27, a fresh yearly high on BSE.
Suzlon Energy
Shares of BHEL hit a fresh 52-week high of Rs 121.45 today. The stock rose after the state-run company said it has secured an order from NTPC for setting up the 2x800 MW supercritical thermal power project Stage-II at Lara in Chhattisgarh through international competitive bidding. The fresh order is in addition to Rs 2,242-crore order from NHPC and Rs 4,000 crore order from a Adani Power arm.
BHEL
Shares of Jio Financial Services (JFS), the demerged financial services business of Reliance Industries, gained nearly 5% to Rs 244.30 amid reports that said the firm may exit Sensex today. As per Nuvama Alternative & Quantitative Research, the stock's exclusion from Sensex is all likely, unless the stock triggers a lower circuit limit. An upper circuit limit may not be a concern, the brokerage added.
Jio Financial Services
Shares of Dilip Buildcon gained nearly 9% to Rs 334.40 today. The stock was the top gainer on BSE. Market cap of the firm rose to Rs 4,859.45 crore.
Dilip Buildcon
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.