Stocks in news: Eicher Motors, Bajaj Finance & PNB among 7 stocks that hogged limelight today
"The Nifty has moved above the 200 DMA after several failed attempts in recent sessions. Also, the index has crossed above the 21 EMA on the daily timeframe, confirming a bullish trend," said Rupak De, Senior Technical Analyst at LKP Securities.
Indian equities after a long period of consolidation ended with a bang in Thursday's trade (January 2) led by strong buying in auto, IT and financials. Amid such an action, few of the counters that hogged limelight include:
Eicher Motors: The stock after marking a new high in intra-day trade, settled 9 per cent higher at Rs 5,307.9 after the company clocked better-than-estimated sales in December. Sales at both Royal Enfield and VECV were better than expected.
PNB: Shares of the PSU ended nearly 3 per cent higher at Rs 105.45 after the domestic deposits rose 14 per cent on-year during the December quarter.
Jai Corp: Shares of the plastic products company were locked in the 20 per cent lower circuit at Rs 247.9. The sharp losses in the stock came as Urban Infrastructure Holdings Pvt. Ltd. was to hold an EGM today on capital reduction Jai Corp holds 32 per cent stake in Urban Infrastructure Holdings Pvt. Ltd
Bajaj twins: Bajaj Finance and Bajaj Finserv emerged as the top Nifty gainers with gains of up to 9 per cent. The gains in the stock were propelled after Citi intiiated a 90-day positive catalyst watch on the shares of Bajaj Finance.
NTPC: Shares of the PSU ended higher by over 1 per cent at Rs 338 per share after the utility company recorded a power generation of 326 million units in Q3FY25, a growth of 3.82 per cent as compared to the corresponding period of the previous year
Force Motors: Shares of the Force Motors ended nearly 9 per cent higher at Rs 7,208 after rceiving an order for supply of 2,429 units of BSVI diesel ambulance to Medical Health and Family Welfare Department, Uttar Pradesh.
RailTel Corporation: Shares of the state-run entity ended over 4 per cent higher at Rs 422.1 after bagging an order from Bharat Coking Coal Limited.
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05:07 PM IST