D-Street Newsmakers: TCS, Oil India and RailTel Corporation among 7 stocks that made headlines on july 12, 2024
Led by strong buying interest in the IT pack, Indian equities ended the week on a strong note, recording fresh high closing levels on both the benchmarks.
Indian equities ended Friday's session on a positive note amid aggressive buying action in IT stocks after TCS posted decent Q1 earnings. Nifty at the close settled with gains of 0.77 per cent or 186.2 at 24,502.15, its fresh closing high, while Sensex also logged its fresh closing highs of 0.8 per cent or 622 points at 80,519.34. Meanwhile, the Nifty Midcap 100 index after logging fresh highs ended with minor gains, underperforming the headline indices.
Here are the stocks that remained in focus today:
TCS:
After the company posted decent Q1 show, stock of the IT major ended nearly 7 per cent higher at Rs 4,184.9.
HCLTech:
Ahead of its earnings later today, shares of the company ended higher by over 3 per cent at Rs 1,560.4 apiece.
Oil India:
Shares of the Maharatna PSU ended 12 per cent higher after scaling fresh 52-week high in intraday trade. At the close, the stock ended at Rs 617.65.
RailTel:
Shares of the company ended 15 per cent higher at Rs 596.8 amid spurt in trading volume in the counter.
IREDA:
Shares of the Navratna PSU ended marginally higher at Rs 284.65 ahead of its Q1 earnings due later today.
Cyient:
Stock of the company ended 4 per cent higher at Rs 1,844.8 as the IT enables services entity announced the formation of a subsidiary for semiconductor business.
Zomato:
Shares of the food delivery services firm ended over 2 per cent higher at Rs 222.45 after hitting fresh high in intra-day trade.