Benchmark indices ended lower in the volatile session on August 18 with Nifty around 19,300. Major losers on the Nifty included Hero MotoCorp, TCS, Coal India, Hindalco Industries and Tech Mahindra, while gainers were Adani Enterprises, Adani Ports, Eicher Motors, Maruti Suzuki and Nestle India.
Yatharth Hospital share price zoomed around 8% higher on August 18, a day after it announced a bumper Q1FY24 earnings. It reported a 73% YoY jump in net profit for the quarter to Rs 19 crore and also saw a sequential growth of 10% from Q4FY23. The scrip closed at Rs 341.00
New Delhi Television (NDTV) shares jumped 4% on August 18 after the Adani Group-owned broadcaster received the Ministry of Information and Broadcasting approval to launch four regional channels- NDTV Rajasthan, NDTV Madhya Pradesh/Chhattisgarh, NDTV Gujarati and NDTV Marathi. The stock ended at Rs 224.45
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Shares of South Indian Bank jumped nearly 8% in early trade on August 18 after the lender approved the appointment of PR Seshadri as the MD of South Indian Bank with effect from October 1 for a period of three years. Following the RBI approval, the board will meet to approve his appointment. The scrip closed at Rs 22.40
Shares of Coal India India Ltd are trading ex-dividend on Friday (August 18). The PSU firm announced a final dividend of Rs 4 per share during the Q4 and annual earnings announcement in May 2023. Coal India stock fell more than 2% intraday to hit an intraday low of Rs 227.00 on NSE. The scrip ended at Rs 227.05
Deep Polymers shares jumped around 5% after the company said the board of directors will meet on August 21 to consider a proposal for issuance of equity shares by way of preferential allotment. The scrip closed at Rs 95.00
Shares of Adani Energy Solutions (AESL), which was formerly Adani Transmission, jumped 6% on August 18 after the acquisition of a transmission company from Megha Engineering & Infrastructures Ltd. The scrip closed at Rs 870.25
Reliance Industries shares jumped half a per cent on Friday amid announcement that Jio Financial Services (JFSL) shares, which was recently demerged from parent RIL, will get listed on stock exchanges on August 21. Last week, eligible shareholders of RIL got JFSL shares in their Demat accounts in the 1:1 ratio. The scrip closed at Rs 2,551.05
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