Indian benchmark indices were trading higher in afternoon trade. The Sensex was up 28.14 points or 0.04% at 62,650.38, and the Nifty was up 14.30 points or 0.08% at 18,548.70. Apollo Hospitals, Divis Labs, Bajaj Auto, Hero MotoCorp and Eicher Motors were among major gainers on the Nifty
Share of IT services company Cyient surged 8% today to an intraday high of Rs 1,408 on NSE after the Board of Directors of the company fixed June 12 as the record date for final dividend of Rs 16.00 per equity share (320%). The dividend will be paid within 30 days from the date of AGM
Bajaj Auto shares rallied on Thursday to touch a fresh of Rs 4,669 on NSE. The stock has been in an uptrend since early morning deals as the company reported a big monthly upside in its auto sales during May 2023
Share of Torrent Pharma fell more than 3% on Thursday to an intraday low of Rs 1,781.10 despite HSBC upgrading to stock to ‘buy’ rating from ‘hold’. The brokerage raised the target price to Rs 2,030 per share. It believes that the resolution of USFDA GMP issues is a key catalyst for the stock
Laurus Labs shares jumped more than 3% today to an intraday high of Rs 345 as the company has signed definitive agreements to acquire an additional stake of 7.24% in Immunoadoptive Cell Therapy (lmmunoACT) for Rs 80 crore. Post the deal, Laurus Labs’ stake in ImmunoACT will increase to 33.86%
Shares of Tata Motors rose more than 1% today to hit an intraday high of Rs 527 on NSE. CLSA has a ‘buy’ call on the stock with a target price of Rs 624 per. As per the brokerage firm, the Tata Group company is on track for a strong year in FY24. Tata Motors shares were last quoting at Rs 524
Shares of Bank of Maharashtra jumped more than 3% today to Rs 31.6 on NSE amid media reports stating that the lender may launch a QIP soon with a base size to be likely at Rs 500 crore. It may offer a discount of nearly 5% to QIP investors
Shares of Sobha continued to climb today, soaring more than 6% to Rs 564 on NSE. The rally comes after the real estate developer posted a more-than-three-fold jump in fourth-quarter profit (Q4 FY23) earlier this week. The company's revenue from operations surged 70.30% to Rs 1,210 crore in Q4FY23
Share of Mcdonald's restaurants West and South India operator Westlife Foodworld jumped more than 9% today to Rs 838 on NSE. The company reported a 31% rise in its consolidated net profit at Rs 20.09 crore in Q4FY23 as against the consolidated net profit of Rs 15.32 crore in the corresponding quarter of the previous fiscal. The company's revenue from operations grew 22.2% at Rs 556.37 crore in Q4FY23 as against Rs 455.07 crore in the same period of the last fiscal
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