Benchmark indices Nifty50, Sensex were trading higher in afternoon deals on Friday. Tech Mahindra, TCS, Infosys were among the top index gainers, while NTPC, Axis Bank and Titan Company were among the laggards. Check buzzing stocks in afternoon trade today.
Shares of Patanjali Foods hit a 5% upper circuit after its promoter, Patanjali Ayurveda, decided not to exercise the oversubscription option in the offer-for-sale (OFS) issue. Patanjali shares were trading 5% up at Rs 1,223.35 on NSE. In the previous session, the stock hit a 5% lower circuit of Rs 1,166.65 after the OFS started.
Shares of Kolkata-based jewellery retailer Senco Gold are listed at a 35.96% premium on July 14 at Rs 431 apiece. However, the counter saw profit booking in afternoon deals. The shares fell over 4% to hit an intraday low of Rs 408.60 on NSE. Senco Gold IPO had received an overwhelming response from investors, subscribing over 73 times
GMR Power and Urban Infra shares surged 20% in early trade today to hit an intraday high of Rs 24.15 on NSE after its stepdown subsidiary, GMR Smart Electricity Distribution Private Limited (GSEDPL), received an order from the Uttar Pradesh government to install 75 lakh smart meters in the state.
Shares of JBM Auto soared 18% on July 14 to hit a 52-week high of Rs 1,539.60 on NSE after the company and its subsidiaries won orders for approximately 5,000 electric buses to supply to various STUs in the states of Gujarat, Haryana, Delhi, Telangana, Orissa among others and multiple Fortune 500 companies coupled with leading corporates of the country.
Shares of MapMyIndia jumped over 10% on Friday to hit an intraday high of Rs 1,476.70 on NSE. The company’s market capitalisation jumped to Rs 7,824 crore. So far this year, the stock has risen 38.44%.
Federal Bank shares jumped more than 2% on Friday to hit an intraday high of Rs 130.00 on NSE after the lender’s June quarter results were a mixed bag with profit coming in line with analyst estimates, but net interest income (NII) and net interest margin (NIM) missing the estimates. Analysts are mostly positive on the Rekha-Jhunjhunwala portfolio stock and suggested price targets that suggest up to 45% upside potential for the stock.
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