D-Street Newsmakers: Zomato, Tata Steel, Paytm among stocks that hogged limelight today
Indian equities snapped five days of consecutive losses and ended higher on Friday led by gains in the Realty, Banking and Metal pack. Nifty on the last trading session in May ended higher by 0.19 per cent at 22,530.7, while Sensex gained 0.1 per cent and settled at 73,961.31. The markets now closely track the US PCE reading and domestic GDP print due to be released later today.
Here are the stocks that were seen in action in Friday’s trade:
Paytm
After gaining over 5 per cent intra-day, shares of the fintech ended weak by over 4 per cent. The counter saw trades of 56 lakh shares in multiple transactions via block deal in pre-opening block deal window.
Muthoot Finance
As the gold loan company saw target upgrades post its Q4 results, the stock ended higher by nearly 1 per cent at Rs 1,668.6.
Apollo Hospitals
As net profit at the healthcare major grew 76 per cent on-year, shares of the company ended higher by 1.6 per cent at Rs 5,850.75.
Union Bank of India
Shares of the PSB ended 4 per cent higher at Rs 158.5 amid broad-based gains in the Nifty PSU Bank pack.
Tata Steel
After falling by as much as 6 per cent in the previous day’s trade, shares of the diversified steel manufacturer ended higher by at Rs 167.15, up 2 per cent.
Zomato
After Macquarie retains its underperform call on the stock with a target of Rs 96, shares of the food delivery major ended weak by 1 per cent at Rs 178.9 per share.
Prestige Estates
Shares of the realty player ended on a strong note, up 4 per cent at Rs 1600, amid a strong pre-sales outlook for FY25.