D-Street Newsmakers: 2 Tata group stocks among scrips that hogged limelight today
Indian equities gained momentum after the initial losses and ended on a flattish note as losses in the PSU Banking and FMCG pack weighed.
Indian equities shrugged off the initial weakness after Hindenburg Research levelled allegations against SEBI chief in the Adani-Hindenburg row. Nifty ended at 24,347, down 0.08 per cent. Meanwhle, broader markets showed strength in contrast and ended in the green.
Voltas
After hitting an all-time high on stellar Q1, shares of the Tata Group company ended nearly 11 per cent higher at Rs 1,582.1 per share.
Trent
After hitting a new record high, shares of the apparel and other merchandise player ended over 1 per cent higher at Rs 6,381.65 per share. Morgan Stanley post the company's earnings upgraded the stock to overweight with a price target of Rs 7,400.
Hindalco
Ahead of its earnings tomorrow, shares of the company ended over 1 per cent higher at Rs 629.7 per share.
Shipping Corporation of India
After the PSUs stellar earnings, shares of the company gained over 6 per cent to close at Rs 273.95.
Honasa Consumer
As JP Morgan sees nearly 16 per cent potential downside in the stock after the company's results, shares ended nearly 5 per cent lower at Rs 451.65.