Hot stocks on June 13: Reliance Power, Paytm, Bharat Forge, Sobha and more
Produced by: Aseem Thapliyal
Sensex, Nifty trading in green
The domestic equity market was trading higher in the afternoon session today. Sensex gained 230 points to 76,836 and Nifty gained 74 pts to 23,397.
Positive news for banking stocks
"May CPI inflation has declined to 4.75% and core inflation has come at only 3.1%. This paves the way for a rate cut by the MPC in October. The takeaway from the inflation numbers is that the disinflation process is well on track. From the market perspective, this is positive news, particularly for banking stocks," said VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Dixon Technologies
Shares of Dixon Technologies rose 4% to a record high of Rs 10,712. Dixon Technologies shares rose to Rs 10,712.05 against the previous close of Rs 10,321.20 on BSE. Market cap of the firm climbed to Rs 63,990 crore.
Reliance Power
Shares of Reliance Power saw a high turnover of Rs 69.41 crore after 214.86 lakh shares changed hands on BSE. Market cap of the firm rose to Rs 12,577 crore.
Paytm
Shares of Paytm rose 9% to Rs 438.95 on BSE today after the fintech platform entered into a partnership with Samsung. Market cap of the firm rose to Rs 27,526 crore.
Sobha
Shares of Sobha rose 7.5% to record high today after the board cleared the offer and issuance of equity shares for Rs 2,000 crore through a rights issue. Sobha shares rose to Rs 2219 against the previous close of Rs 2063.90 on BSE. Market cap of the firm climbed to Rs 20,423.63 crore.
Jindal Stainless
Shares of Jindal Stainless hit their all-time high today. The metal stock rose 1.94% to Rs 840 on BSE. Market cap of the firm rose to Rs 67,000 crore. A total of 0.18 lakh shares changed hands amounting to a turnover of Rs 1.47 crore on BSE.
Bharat Forge
Shares of Bharat Forge rose 1.45% to their all-time high of Rs 1654.50 today. Market cap of the firm rose to Rs 75,634 crore. A total of 5414 shares changed hands amounting to a turnover of Rs 88.75 lakh on BSE.
Disclaimer
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.