Benchmark indices were trading higher in early deals today (September 11). Sensex rose 326 points to 66,925 and Nifty gained 110 pts to 19,930.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “In the present favourable market mood, Nifty is likely to make another attempt at a new record high trying to conquer the psychological market of 20,000. But investors have to be cautious since fundamentals do not support a sustained rise above 20,000. Large FII selling may re-emerge at higher levels. The market is ignoring worries arising out of crude at $90. Some profit booking in small-caps is advisable. Now, safety is in quality large-caps.”
Shares of SJVN hit their 52-week high of Rs 73 today. Market cap of the firm rose to Rs 28,475 crore. The stock rose after the company through its wholly owned subsidiary SJVN Green Energy Limited (SGEL) inked a power purchase agreement (PPA) with Bhakra Beas Management Board (BBMB). Additionally, India Ratings & Research has affirmed the ratings on Unsecured, Rated, Listed, Redeemable Non-Convertible Debentures issued by the company. The rating has been affirmed as AA+ with stable 'outlook'.
Shares of Adani Power rose nearly 4% to Rs 383.50 in early deals today. Market cap of the firm rose to Rs 1.47 lakh crore. Total 12.39 lakh shares of the firm changed hands amounting to a turnover of Rs 46.92 crore on BSE.
Shares of Mazagon Dock Shipbuilders gained 6.36% to Rs 2,350 in early deals today. Market cap of the firm rose to Rs 46,074 crore. Total 1.37 lakh shares of the firm changed hands amounting to a turnover of Rs 31.52 crore on BSE.
Shares of IRFC hit a fresh 52-week high in early deals today. The stock zoomed 9.99% to Rs 84.76 on BSE. Market cap of the firm rose to Rs 1.10 lakh crore. Total 85.05 lakh shares of the firm changed hands amounting to a turnover of Rs 71.48 crore on BSE.
Shares of RVNL hit a 52-week high of Rs 191.40 today. Market cap of the firm rose to Rs 38,770 crore. Total 61.83 lakh shares of the firm changed hands amounting to a turnover of Rs 111.56 crore on BSE.
Shares of IRCON hit a 52-week high of Rs 158.40 today. Market cap of the firm rose to Rs 14,789 crore. Total 35.82 lakh shares of the firm changed hands amounting to a turnover of Rs 54.52 crore on BSE.
Shares of Coffee Day Enterprises tanked 14% to Rs 43.35 in early deals after Coffee Day Global Ltd, which owns and operates the popular Cafe Coffee Day chain, on Friday (September 6) said it has been facing a legal challenge under Section 7 of the Insolvency and Bankruptcy Code, 2016. Market cap of the firm fell to Rs 984.43 crore. Total 8.04 lakh shares of the firm changed hands amounting to a turnover of Rs 3.66 crore on BSE.
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