D-Street Newsmakers: Maruti Suzuki, L&T among 6 stocks that hogged limelight today
Indian equities in Wednesdays session ended lower amid a drag in financial services, consumer durables and pharma stocks among others.
Indian equities in a highly volatile trade snapped a two-day rally and ended lower in Wednesday's session. At the close, Nifty ended weak by 0.48 per cent at 24,350.3. Sectorally, the plunge was seen across financial services, IT, consumer durables, pharma, banking and oil & gas.
Here are the stocks that remained in spotlight today:
Maruti Suzuki:
Shares of the leading automaker despite Q2 profit miss ended over 2 per cent higher at Rs 11,289.3 amid bargain hunting. Also, on the sidelines Suzuki Motor is set to deepen its collaboration with Toyota in the field of Electrified Vehicles
L&T:
L&T shares ahead of its Q2 financial results later today ended 0.7 per cent higher at Rs 3,403.95. The company informed that its Power Transmission & Distribution (PT&D) vertical has won new orders in the Middle East and Africa worth as mucha as Rs 10,000 crore for expanding and strengthening electricity grids.
Matrimony.com:
As the company opened its share buyback today with the buyback price pegged at Rs 1,025, its shares settled only mildly higher at Rs 792.35.
Tata Power:
Shares of the Tata group's utility ended 0.4 per cent higher at Rs 427.15 ahead of its financial results for the September quarter later today. Also read: What to expect in Tata Power's Q2 earnings?
Vodafone Idea:
Shares of the telecom company ended with a cut of more than 3 per cent at Rs 7.69 even as reports suggest that the Department of Telecom (DoT) is in favour of waiving spectrum bank guarantees.
Five-Star Business Finance:
Shares of the NBFC ended lower by nearly 13 per cent at Rs 764.15 even as the company's Q2 net profit jumped 35 per cent year-on-year.
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