The Nifty was up 27.20 points, or 0.12 percent, at 22,405.60, and the Sensex was up 49.90 points, or 0.07 percent, at 73,856.05.
BHEL | CMP Rs 265.15 | With robust volumes BHEL shares increased 12.4 percent.
Compared to the average of 4 crore shares every month, 24 crore shares were traded.
HDFC Life Insurance | CMP Rs 609 |
Following reports that the Insurance Regulatory and Development Authority of India (IRDAI) is likely to consider rationalizing the recommended surrender value, HDFC Life Insurance and other insurance stocks saw a rise of up to 3 percent.
11Moil | CMP Rs 300 |
After the manganese ore mining business reported that February output increased by 15% YoY, shares of Moil surged 6.76 percent. With a 15 percent YoY growth in output to 1.51 lakh tonnes of manganese (Mn) ore, MOIL recorded its best-ever February sales figure of 1.56 lakh tonnes, up 18% from the same month the previous year.
Inox Wind | CMP Rs 552.65 |
Following rumors that the Ministry of New and Renewable Energy was reevaluating its position on reverse auctions and may reinstate them in light of undersubscription and higher tariff discoveries in recent wind bids, Inox Wind and Suzlon Energy saw a decline.
Godrej Properties | CMP Rs 2,492.35 |
Following the company’s announcement that it had finalized arrangements to create a township project on a 62-acre plot of land in North Bengaluru, the company’s shares increased by 2.08 percent.
Finolex Industries | CMP Rs 221.3 |
Following the announcement that it has agreed into a share purchase agreement with Hinduja Renewables One Pvt Ltd (HROPL) and Hinduja Renewables Energy Pvt Ltd to purchase solar power, Finolex Industries’ shares experienced a 1.54 percent decline.
HAL | CMP Rs 3,213.15 |
Hindustan Aeronautics’ stock increased 1.77 percent following the company’s acquisition of a Rs 5,250-crore contract from the ministry of defense. Additionally, Morgan Stanley assigned the company an “overweight” rating.
JSW Steel | CMP Rs 826 |
After CLSA downgraded both firms from “outperform” to “sell” and slashed their target prices, the stocks of JSW Steel and Tata Steel plummeted. The brokerage believes that the companies will receive fewer margins as a result of weaker spreads.
NTPC | CMP 354.35 rupees
After the board of the firm approved the investment in the Singrauli super thermal power plant, Stage III (2×800 MW), shares of NTPC jumped 3.69 percent. The project is now expected to cost Rs 17,195.31 crore.
There were about 1,198 gains, 2,214 losses,
and 110 shares that were constant.
Please note that the views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
-Daisy