Benchmark indices ended lower for the second consecutive session on August 11 with Nifty around 19,400. Top losers on the Nifty were IndusInd Bank, NTPC, SBI Life Insurance, Divis Labs and Asian Paints, while gainers included HCL Technologies, Titan Company, Power Grid Corporation, Tata Steel and Reliance Industries.
Shares of Reliance Industries rose half a per cent to hit an intraday high of Rs 2,552.40 on NSE as several RIL shareholders took to Twitter on August 10, and said shares of Jio Financial Services (JFS) have been credited to their demat account. This comes three weeks after the exchanges held a special pre-open session for JFS' price discovery. Reliance shares closed at Rs 2,542
Shares of Suryoday Small Finance Bank rallied 6% intraday to hit a 52-week high of Rs 194.55 on NSE on the back of solid Q1 results. The SFB on August 10 reported a six-fold jump in net profit to Rs 47.6 crore for Q1FY24. The bank's total income increased to Rs 409 crore as against Rs 295 crore in the same period a year ago. The stock ended at Rs 186.60
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Shares of Mazagon Dock Shipbuilders dipped 5% to hit an intraday low of Rs 1,714.05 on NSE today after the company reported a dull set of quarterly numbers. Even as the defence player reported a 40% YoY jump in consolidated net profit at Rs 314.34 crore, revenue fell 3% to Rs 2,172.76 crore and EBITDA was down 1% at Rs 171.69 crore. The scrip closed at Rs 1,737
Shares of GMM Pfaudler soared over 11% to hit an intraday high of Rs 1,630 on NSE today after the glass-lined equipment manufacturer reported a consolidated net profit of Rs 54.27 crore in Q1FY24, down 11.71% YoY. Sequentially, the net profit was up 48.8% from Rs 36.47 crore in the March 2023 quarter. The scrip ended at Rs 1,588
Shares of Indian Overseas Bank rallied 15% to hit an intraday high of Rs 31.10 on NSE after Care Ratings assigned fresh rating to the lender's certificates of deposits. The scrip closed at Rs 30.80
Shares of Kalyan Jewellers jumped 10% to hit a 52-week high of Rs 204.95 on NSE a day after brokerage HSBC raised its target price for the jewellery stock post Q1 earnings. The brokerage assigned a new target price of Rs 220 against the earlier target of Rs 200. The scrip closed at Rs 201.40
Zee Entertainment share price declined over 4% to hit an intraday low of Rs 272.15 on Friday, a day after the National Company Law Tribunal (NCLT) approved the merger scheme of the company with Culver Max Entertainment (erstwhile Sony Pictures Networks India). The scrip closed at Rs 271.60
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