Hot stocks on July 24, 2023: YES Bank, Suzlon Energy, Mazagon Dock, SJVN  and more

Produced by: Aseem Thapliyal
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Benchmark indices were trading in the green today. The 30-share Sensex climbed 60 points to 66,745 and Nifty gained 25 points to 19,769

Indices trading higher 

VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The near-term market trend will be influenced by a host of factors like the recent Q1 results, some major results expected this week and policy decisions like the Fed meeting outcome on Wednesday. The Fed is likely to raise rate by 25 bp on Wednesday, but the market movement will be decided by the commentary of the Fed chief regarding future inflation and rate trends. Investors may wait and watch these events unfold.”   

Q1 earnings, Fed meet
outcome to affect market 

Shares of the renewable energy firm touched their 52-week high for the third straight session today as the broader market looked set to extend losses from Friday’s session. Suzlon Energy stock hit a 52-week high of Rs 20.40 on BSE. The stock hit the yearly high for the third consecutive session

Suzlon Energy 

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Shares of the pharma firm touched their 52-week high today. The stock hit a 52-week high of Rs 578 rising 13% against the previous close of Rs 510.60 on BSE. Market cap of the firm rose to Rs 5,313 crore. A total of 3.08 lakh shares changed hands amounting to a turnover of Rs 17.44 crore on BSE

Aarti Drugs 

The SJVN stock touched its 52-week high today. The stock hit a 52-week high of Rs 57.20 rising 14.17% against the previous close of Rs 50.10 on BSE. SJVN said it has bagged a contract from Punjab State Power Corporation Ltd (PSPCL) for the development and procurement of 1,200 MW of solar power entailing an investment of Rs 7,000 crore

SJVN 

Mazagon Dock stock zoomed to an all-time high of Rs 1,938.50 today. It opened higher at Rs 1,876.20 against the previous close of Rs 1,863.75 on BSE. Market cap of the firm climbed to Rs 38,300 crore

Mazagon Dock   

Shares of Rail Vikas Nigam Ltd (RVNL) rose sharply to hit their one-year high level. The stock jumped 7.32% to hit a 52-week high of Rs 146.65 against a previous close of Rs 136.65. The multibagger stock has gained around 111% on a year-to-date (YTD) basis and 368% in a year

RVNL 

Shares of Texmaco Rail & Engineering rose sharply to hit their one-year high level. The stock jumped 9% to hit a 52-week high of Rs 93.10 against a previous close of Rs 85.17. Market cap of the firm climbed to Rs 2,980.84 crore

Texmaco Rail 

Shares of YES Bank were trading 2% lower at Rs 17.73 after the bank's net profit climbed 10.26% to Rs 342.52 crore in the first quarter of this fiscal. The profit in Q1 FY23 came at Rs 314.3 crore. Market cap of the bank fell to Rs 50,983 crore

YES Bank 

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

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