Analysts said HUL is already at a 52-week high and has seen a sharp up move in the past two months. Thus, they believe that some profit booking in the near term is possible.
The shares surged after the pharmaceutical major announced that it has secured final nod from United States Food and Drug Administration (USFDA) for Valsartan tablets.
The uptick in stock price came after the company posted a strong set of second quarter of calendar year 2024 (Q2CY24) results.
The stock rose 2.23 per cent to hit an intraday high of Rs 899.75 per share following the order win.
The stock price surged after the company announced that it has secured an order worth Rs 586.28 crore.
At 11:23 AM, with Rs 1.02 trillion market capitalisation, USL was trading 6 per cent higher at Rs 1,406.20 on the BSE, as against 0.29% decline in the BSE Sensex.
Nestle India experienced robust revenue growth during the quarter. The company, analysts believe, gained from enhanced distribution. Thus, it is expected to see margin expansion of over 100 bps.
From the low, Nifty recovered 470 points towards 24544 and ended the session at 24479.
The fall came after investors flocked to book profits after strong Q1FY25 results.
The surge in the stock price came after the company announced that it has inked a deal with Dolphin Drilling for hiring of Blackford Dolphin.
Recently, Tata Steel experienced a significant decline, dropping nearly 22 points after forming a double top at the 180 level.
The uptick in stock price came after the company announced a strong set of June quarter of financial year 2025 (Q1FY25) results.
The jump in the stock price came on the back of strong June quarter results (Q1FY25).
The surge in stock price came after the Mumbai-based company's profit rose nearly 82 per cent year-on-year (Y-o-Y) to Rs 584.5 crore in the June quarter of financial year 2025 (Q1FY25).
The uptick in the stock price came after the company announced that it has secured a letter from East Central Railway regarding the appointed date for the project in Bihar.
Analysts said BPCL reported a robust performance in the June quarter (Q1FY25) despite a challenging environment.
DMart witnessed a substantial increase in price in the last couple of trading sessions from the 21 DEMA on the daily chart.
From a technical standpoint, the daily chart has revealed an inverse head and shoulders pattern with a neckline at Rs 1,620 & Bajaj Finserv stock is holding steady above this level around Rs 1,640.
In a separate exchange filing, RVNL informed that the Hon'ble tribunal has passed an award of Rs 584.22 crore in favour of its joint venture company i.e. Krishnapatnam Railway Company Limited (KRCL).
The share price rose after the company announced that it has secured mutli-million dollar contract extension from Absa Bank.