Produced by: Aseem Thapliyal Designed by: Manoj Kumar
The domestic equity market was trading higher on Friday. Sensex rose 737 points to 72,458 and Nifty gained 229 pts to 21,876.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "Even though there is no positive message from the management commentary, the market is likely to respond positively to the absence of any bad news. But the upside for TCS and Infosys will be limited since it will take time for clarity to emerge on the prospects for the sector in FY25. Resilience in IT stocks and strength in Reliance will enable Nifty to consolidate around 21600 levels. HDFC Bank results on January 16 will be keenly watched by the market for cues in the direction of Bank Nifty."
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) hit their record high in early trade today. IRCTC shares climbed 1.89% to a high of Rs 958 on Friday against the previous close of Rs 940.20 on BSE. The railway stock opened higher at Rs 948.95. Total 1.96 lakh shares of the firm changed hands amounting to a turnover of Rs 18.69 crore on BSE. Market cap of IRCTC rose to Rs 76,124 crore.
Shares of RBZ Jewellers Ltd hit a high of Rs 232 in early trade today. RBZ Jewellers stock zoomed 9.92% intraday to Rs 232 against the previous close of Rs 211.05 on BSE. Market cap of the firm rose to Rs 869.20 crore.
Shares of KPI Green Energy gained 3% to Rs 1540.05 today after the firm said its arm KPIG Energia Private Limited has received a new order of 2 MW for executing solar power project under its ‘Captive Power Producer (CPP)’ segment. The projects are scheduled to be completed in the financial year 2024-25, in various tranches as per the terms of the order. KPI Green Energy shares have gained 5.88% in 2024 and risen 251% in a year.
Shares of Avanti Feeds gained 18.55% to a fresh 52 week high of Rs 1540.05. Avanti Feeds shares have gained 29.39% in 2024 and risen 45.78% in a year. Total 5.78 lakh shares of the firm changed hands amounting to a turnover of Rs 31.35 crore on BSE. Market cap of Avanti Feeds rose to Rs 7678.80 crore.
Shares of Firstsource Solutions gained 14.26% to a fresh 52-week high of Rs 217.05. Firstsource Solutions shares have gained 15.28% in 2024 and risen 106% in a year. Total 15.59 lakh shares of the firm changed hands amounting to a turnover of Rs 32.88 crore on BSE. Market cap of Firstsource Solutions rose to Rs 14,873 crore.
Shares of Nykaa were trading near their 52 week high in the afternoon session. Around 2.64 crore shares or 0.9 per cent of the company’s equity changed hands in block deals today. Nykaa shares rose to an intraday high of Rs 194.55 and fell nearly 2% to Rs 186.35 on BSE. Total 288.22 lakh shares of the firm changed hands amounting to the highest turnover of Rs 544.67 crore on BSE. Market cap of Nykaa fell to Rs 54,344 crore.
Shares of Alok Industries slipped 8.23% to Rs 33.76 in the afternoon session today. Total 42.86 lakh shares of the firm changed hands amounting to a turnover of Rs 14.98 crore on BSE. Market cap of Alok Industries fell to Rs 54,344 crore.
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.