Stocks in news: HDFC Bank, ITC and Marico among 7 stocks that hogged limelight today
In a highly volatile market, amid lingering concerns that the forthcoming third quarter earnings could be muted for several sectors due to weak government spending and subdued demand, investors especially the FIIs are offloading Indian equities.
In a highly volatile session amid fears around the HMPV virus, Indian equities tumbled sharply in Monday's session. At the close, Sensex ended with a cut of 1.59 per cent at 77,964.99, while the Nifty slumped 1.62 per cent or 388.7 at 23,616.05.
Here are the stocks that remained in spotlight today.
ITC: ITC shares after the price discovery of its hotels business through the special pre-opening session ended the day lower by over 2 per cent at Rs 445.5.
Bajaj Finance: After Nomura upgraded the NBFC stock to a 'buy' from the previous 'neutral' stance, the stock after trading in the green settled 1 per cent lower at Rs 7,340 per share.
FSN E-Commerce: Post the company's strong Q3 business update, shares of the online BPC player ended with gains of over 2 per cent at Rs 172.
Marico: Shares of the FMCG player tumbled sharply intraday and ended at Rs 648.15 apiece on the BSE, down 2 per cent. The company in its Q3 business update stated that copra prices remained higher-than-anticipated.
HDFC Bank: Shares of the private sector lender ended with a cut of over 2 per cent at Rs 1,711.8 per share after the bank released its quarterly business update over the weekend. Deposits at the lender grew 15.8 per cent on-year, while retail loan grew 10 per cent during the same period.
Thyrocare Technologies: Shares of the diagnostic player ended nearly 11 per cent higher at Rs 1,010 amid the ongoing HMPV scare even though the Indian government currently maintains that HMPV reports from China do not warrant alarm.
ITI: Shares of the PSU ended locked in 20 per cent upper circuit at Rs 548.7 per share. The average trading volumes on the counter have risen sharply.
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04:55 PM IST