Benchmark indices Nifty, Sensex hit fresh record highs on Thursday. Both benchmarks were trading 0.8% higher in afternoon deals. Indian equity markets are regaining their bullish momentum after a brief period of consolidation. The market has disregarded weak IT earnings, and the possibility of near-peak interest rates in the USA is seen as a positive factor for stock markets. “The overall outlook remains bullish, and it is advisable for investors to maintain their positions as there are currently no indications of any major correction on the horizon, said Santosh Meena, Head of Research, Swastika Investmart Ltd
Zen Technologies Ltd shares jumped nearly 10% today to hit a fresh 52-week high of Rs 654.90 on NSE. The stock has gained over 40% in three trading sessions on the back of big order wins this month. The company recently secured a Rs 160 crore-worth order from the Government of India and a Rs 340-crore order in the export markets
Shares of LTIMindtree climbed 2% on Thursday to hit a fresh 52-week high of Rs 4,943.90 after being included in the Nifty50 benchmark in place of HDFC, which has merged with HDFC Bank. The decision was announced by the National Stock Exchange (NSE) earlier this month. So far this year, the stock has rallied 13.63%
Shares of Hindalco Industries rose around 3% today to hit an intraday high of Rs 439.50 on NSE after the company approved plans for a land sale. In a board meeting held on Wednesday, the company approved a proposal for the sale of land situated at Kalwa, Maharashtra. The land will be sold to Birla Estates Pvt Ltd for a total sum of Rs 595 crore
Shares of Tejas Networks jumped 13% on Thursday to hit a fresh 52-week high of Rs 843.95 on NSE. The company’s market capitalisation jumped to Rs 14,249 crore. In the last one year, the stock has rallied 76.21%, outperforming benchmark Nifty50
Shares of Tanla Platforms jumped 13% on Thursday to hit a fresh 52-week high of Rs 1,142.25 on NSE. The company’s market capitalisation jumped to Rs 15,278 crore. In the last one year, the stock has risen 16.50%
Shares of online food delivery aggregator Zomato jumped 9% to hit a 52-week high at Rs 84.50 on NSE in Thursday's intraday trade. So far this year, the stock has rallied 36.15%. At current market prices, Zomato shares are trading over 11% above the IPO issue price of Rs 76
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