D-Street Newsmakers: Tata Motors, Hero MotoCorp, Hindalco among stocks that hogged limelight today
Amid broad-based buying, equity headline indices posted sharp recovery post the election outcome in Wednesday’s season. Nifty at the close ended higher by 3.36 per cent or 735.85 points at 22,620.35, while Sensex added 3.2 per cent or 2,303.19 points and ended at 74,382.24 points. Meanwhile, broader indices outperformed their headline peers.
Here are the stocks that saw action in trade today:
Greaves Cotton
Shares of the company ended over 5 per cent higher at Rs 121.9 as the company’s subsidiary Greaves Electric Mobility Private Limited commenced the deliveries of Nexus electric scooters in Bangalore.
Tata Motors
Shares of the passenger cars and utility vehicles company ended 3 per cent higher at Rs 929.9 as Jaguar Land Rover registrations in the UK increased 29 per cent on-year.
Indian Oil Corporation
Shares of the OMC ended over 3 per cent higher at Rs 159.15 as the company entered into a joint venture with Singapore’s Sun Mobility.
Hindalco
As the metal company deferred the IPO of its US subsidiary Novelis citing market conditions, its shares after an initial hiccup ended over 7 per cent higher at Rs 694.8.
Hero MotoCorp
Shares of the two-wheeler major after hitting fresh record high in intra-day trade ended 7 per cent higher at Rs 5,673.1. The surge was partially led by hopes of recovery in demand from the rural markets.
Angel One
After the brokerage firm reported its May business update, shares of the Mumbai-based company ended higher by over 4 per cent at Rs 2,357.
