D-Street Newsmakers: M&M, Bajaj Finance, Wipro among stocks that made headlines today
As equity indices got a boost after the RBI Governor’s upward revision of GDP forecast for the financial year 2024-25 in its MPC outcome, Sensex and Nifty concluded the session at a new closing high. The 30-share BSE Sensex ended higher by 2.16 per cent or 1.618.85 points at a record high of 76,693.36, while Nifty50 ended 468.75 points or 2.05 per cent higher at a record 23290.15.
Here are the stocks that hogged limelight in trade today:
Paytm
Paytm shares ended locked in the 10 per cent upper circuit at Rs 381.2 after the NSE revised the price band to 10 per cent from the earlier 5 per cent with effect from June 7.
RVNL
Shares of the railway PSU ended 1.5 per cent higher at Rs 374.4 after the company bagged a project execution agency contract from NTPC.
Wipro
Wipro shares ended higher by 5 per cent at Rs 484 remaining unaffected by Morgan Stanley’s underweight call.
ICICI Bank
Shares of the private lender ended higher by 1 per cent at Rs 1,121.9 even as the SEBI issued an administrative warning to it for its outreach activities around the delisting of ICICI Securities.
Mahindra and Mahindra
Shares of the company after logging fresh all-time high in intra-day trade ended higher by 6 per cent at Rs 2,857.1 as the company announced the merger of three of its subsidiaries with itself.
Dixon Technologies
Shares of the consumer electronics company hit Rs 10,000 levels for the first time in trade today. The stock rose after the company announced its intent to form a JV with HKC Corporation. At the close, the stock ended higher by over 2 per cent at Rs 9986.45. Dixon Technologies: Shares of the consumer electronics company hit Rs 10,000 levels for the first time in trade today. The stock rose after the company announced its intent to form a JV with HKC Corporation. At the close, the stock ended higher by over 2 per cent at Rs 9986.45.
Bajaj Finance
Shares of the NBFC ended higher by 4 per cent at Rs 7,190.15 as the company’s board approved Rs 3,000 crore of its wholly-owned subsidiary, Bajaj Housing Finance Limited (BHFL).