D-Street Newsmakers: BPCL, KPIT Tech and Bajaj Finserv among 10 stocks in focus today
Meanwhile, broader markets relatively outperformed the headline indices with a minor cut in comparison.
Indian equity indices performed on expected lines in today’s trade ahead of the key events lined up this week. Nifty ended with a loss of 215.5 points, or 0.99 per cent at 21,522.10, while Sensex declined 801.67 points, or 1.11 per cent to close at 71,139.9. Meanwhile, broader markets relatively outperformed the headline indices with a minor cut in comparison.
Here are the top stocks that made headlines today:
BPCL:
Shares of the OMC ended over 2 per cent higher at Rs 504.1 after notching a fresh 52-week high in intra-day trade as the company’s net profit soared 82 per cent on year in the December quarter.
GAIL:
Shares of the natural gas company ended marginally higher at Rs 172.1. The company’s stock notched fresh 52-week high during the day even as CLSA downgraded the stock to ‘sell’.
Tata Motors:
Shares of the company marked an all-time high of Rs 886.3 in today's trade, surpassing Maruti Suzuki's market-cap at one point. Nevertheless, the stock closed at Rs 859.25, up over 2 per cent.
KPIT Technologies:
Shares of the software consulting firm ended over 3 per cent higher at Rs 1453.1 as the company Q3 PAT rose 10 per cent sequentially.
Bajaj Finserv:
Shares of the company ended with a cut of nearly 3 per cent at Rs 1590.95 even as the company’s Q3 PAT climbed 21 per cent on year.
UTI Asset Management Company:
Shares of the AMC company ended over 3 per cent higher at Rs 897.6 amid spurt in volume in the counter.
Blue Star:
Shares of the consumer durable company ended over 1 per cent higher at Rs 1098.95 as the company’s standalone net profit for the quarter ended December 2023 came in at Rs 76.69 crore as against Rs 52.09 crore in December 2022.
Bharat Electronics:
The defence PSU ended with a cut of over 1 per cent at Rs 187.9 even after baggingRs 847 crore contract.
Advani Hotels:
Shares of the company ended over 6 per cent higher at Rs 163 after the company announced a 1:1 bonus share issue and 100 per cent dividend.
Gillette India:
Shares of the company ended over 3 per cent higher at Rs 6714.35 as the company’s Q3 net profit edged higher to Rs 103.95 crore as against Rs 74.45 crore in the same period last year.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: Can Rs 12,000 monthly SIP investment help create Rs 8.42 cr corpus? See calculations to know how
Power of Compounding: How long will it take your Rs 2,00,000 investment to turn into Rs 8,00,000? Know through this investment rule
04:59 PM IST