Produced by: Aseem Thapliyal
The domestic equity market was trading lower on Thursday. Sensex slipped 409 points to 72,209 and Nifty lost 137 pts to 21,919. Here's a look at hot stocks buzzing in trade today.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, "The underlying strength of the ongoing market rally is getting widely acknowledged. This explains the FII buying, though marginal, yesterday when the US 10-year bond yield was around 4.3 percent. DIIs have been smart to buy continuously when the FIIs have been selling. So, for DIIs there is room to book some profits, which they did yesterday. In the tug of war between FIIs and DIIs in recent years, DIIs have been the clear winners. So, watch out for the DII action.”
Shares of Grasim Industries rose to their all-time high of Rs 2,244.95 today after brokerage Jefferies assigned a buy call on the stock with a target price of Rs 2,300. The stock zoomed 2.39% to the fresh high on BSE today. Total 0.33 lakh shares of Grasim changed hands amounting to a turnover of Rs 7.27 crore.
Shares of Graphite India zoomed over 9% to Rs 595.20 today. The stock was the top BSE gainer with its market cap climbing to Rs 11,563 crore. The firm saw a turnover of Rs 9 crore.
Shares of graphite electrode maker HEG Ltd surged 7.5% to Rs 1746.95 on BSE. Market cap of HEG rose to Rs 6657.72 crore. A total of 0.23 lakh shares of the firm changed hands amounting to a turnover of Rs 3.95 crore on BSE.
Shares of YES Bank rose 4.5 per cent to Rs 26.76 today, snapping four sessions of losing streak. Market cap of YES Bank climbed to Rs 76,711 crore. A total of 462.59 lakh shares of the lender changed hands amounting to a high turnover of Rs 121.67 crore on BSE.
Shares of Paytm (listed as One97 Communications) fell after four sessions of gains today. The stock, which rose 21% in the last four sessions, fell 3.74% to Rs 380.45 today. The decline in the stock came after foreign brokerage Goldman Sachs assigned a 'neutral' rating on the stock.
Shares of NHPC saw a high turnover of Rs 97.84 crore after a total of 108.12 lakh shares of the firm changed hands on BSE. The stock was trading a percent lower at Rs 91.78 today. Market cap of NHPC fell to Rs 92,183 crore.
Shares of Varun Beverages rose over 1% to hit a record high of Rs 1482 today. The stock saw a turnover of Rs 2.29 crore after a total of 0.16 lakh shares of the firm changed hands on BSE. Market cap of Varun Beverages climbed to Rs 1.92 lakh crore.
Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position.