D-Street Newsmakers: PFC, Asian Paints among 6 stocks in focus today
Even as the US markets continued to hit new highs amid heightened optimism, Indian equities ended lower for the third consecutive day.
As IT and banking stocks stood strong, Indian equities after a weak started ended in the red for the third straight session in a row. At the close, Nifty gave up 0.03 per cent or 6.9 points to close 24,141.3.
Here are the stocks that hogged limelight today:
NMDC
Ahead of its results later today, shares ended over 1 per cent lower at Rs 232.95 per share. The company will also mull its bonus share issue.
Asian Paints
After a weaker-than-expected Q2 show, shares slipped sharply and ended with a cut of over 8 per cent at Rs 2,542.65 per share.
Tata Motors
Amid a better outlook, brokerages remained upbeat on the stock. However, at the close it ended steady with a negative bias at Rs 804.75 per share.
Power Grid Corporation
CLSA maintained an outperform call on the stock with a target of Rs 610, implying gains of 27 per cent from the previous close. The stock emerged as the top Nifty gainer with over 4 per cent gains at Rs 481.6, up over 7 per cent.
BEML
Post a steady set of Q2 earnings, the company's scirp ended over 2 per cent lower at Rs 4,096 per share.
SBI
After its better asset quality during Q2, the lender's stock ended 0.5 per cent higher at Rs 847.8 per share.