The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
Index heavweights Infosys, HDFC and ITC were the top losers in early trades
The stock rallied 9% to Rs 459 on the NSE in early morning trade after a more than 1% stake changed hands on the counter in multiple block deals on the NSE and BSE.
Apollo Tyres, Goodyear India, TVS Srichakra, JK Tyre and Balkrishna Industries were up between 2%-4% on the BSE.
In the broader markets, the BSE Midcap and Smallcap indices were up 0.5% each
Dharani Sugars, Kesar Enterprises, Triveni Engg,, Dalmia Bharat Sugar and Mawana Sugars were up 10%-20%.
The stock was up 9% at Rs 103 at 11:03 am, rallied 17% in past one-week, as compared to 1% rise in the Sensex.
Raymond, Alok Textiles, Trident, Aarvee Denims, Maxwell Ind, DCM and Himatsingka Seide were up between 2%-7% on the BSE.
ICICI Prudential Life Insurance's IPO, worth up to Rs 6,057 crore will hit the capital market today
The stock rallied 11% to Rs 174 after the company received LOIs from Shree Cement, for a contract value of Rs 50 cr.
Top losers from the Sensex pack are Tata Steel, Coal India, TCS, ONGC and Tata Motors
The stock rallied 7% to Rs 41, also its fresh 52-week high on the BSE.
Indian equity, forex, money and commodity markets will remain closed today on account of Eid ul Adha
Since July 20, the stock of auto parts & equipment maker appreciated 157% from Rs 476 to Rs 1,225 on Monday.
Oriental Bank, BOI, BOB, Union Bank, PNB, Andhra Bank, Allahabad Bank and Syndicate Bank were down over 5% each.
The stock rallied 19% to Rs 282, extending its past two days 42% surge on the National Stock Exchange.
Profit taking was seen across the board with Infosys as the sole gainer
Since June 28, the stock outperformed the market by surging 53% as compared to 7.5% rise in the Sensex.
The stock was down 4.5% at Rs 1,219, falling 15% in four trading days from Rs 1,441, wiping out nearly Rs 9,500 cr in investor wealth.
The stock is currently trading at its 52-week high of Rs 108, rallied 127% in past seven trading sessions from Rs 47.60 on August 31.
The stock hit a record high of Rs 920, up 3% on the BSE in otherwise weak market in early morning trade.