Stocks in news on January 7: Zomato, Hyundai Motor and NESCO among 7 stocks that hogged limelight today
Indian equities in Tuesday's session rose amid favourable global cues buoyed by strong buying in the oil and gas stocks.
Buoyed by favourable global cues, Indian equities after yesterday's steep fall ended higher in Tuesday's session (January 7). At the close, Sensex added 234 points or 0.3 per cent and closed at 78,199, while the Nifty50 zoomed 0.39 per cent or 91.85 points to 23,707.9. Sectorally, oil & gas and metal indices led the gains, while IT stocks languished ahead of the Q3 earnings to kick-off with TCS results due to be announced on January 9.
Importantly, domestic sentiment continues to be weak amid high valuations and lack of positive cues at both macro and micro levels.
Top gainers and losers: Hyundai Motor India
After Citi initiated a buy call on the auto major, the stock ended with gains of around 2 per cent at Rs 1,830.9. From the IPO issue price, the stock is down as much as 7 per cent.
Top gainers and losers: Shyam Metalics
Shares of the company settled at Rs 781.2, with a gain of around 3 per cent, after stainless steel production at the company climbed 59 per cent in December 2024 to 7,889 MT.
Top gainers and losers: Indraprastha Gas
Shares of Indraprastha Gas Ltd (IGL) settled nearly 1 per cent higher at Rs 428 after Bharat Petroleum Corporation Ltd (BPCL) approved the Rs 1,000 crore initial public offering (IPO) of Maharashtra Natural Gas Limited (MNGL).
Top gainers and losers: Lloyds Metals
Lloyds Metals and Energy (LMEL) gained over 2 per cent and settled at Rs 1,418 after India Ratings and Research upgraded the company’s long-term rating to 'IND AA’ from 'IND AA-’ with 'stable’ outlook.
Top gainers and losers: Shakti Pumps
The stock at the close was locked in 5 per cent upper circuit at Rs 1,274.15 as the company's board approved fund raise of up to Rs 400 crore via the QIP route.
Top gainers and losers: Nesco
The stock of the diversified commercial services company ended with nearly 4 per cent higher at Rs 1,031 after the company emerged as the highest bidder and NHAI accepted its proposal of developing, operating and maintaining wayside amenities in South Zone on Bengaluru Chennai Expressway Corridor (Phase II) on lease basis.
Top gainers and losers: Zomato
Zomato shares ended lower by as much as 5 per cent at Rs 252.5 per share after global brokerage firm Jefferies downgraded the food services aggregator.