Produced by: Aseem Thapliyal
The domestic equity market was trading lower on Monday. Sensex slipped 326 points to 72,816 and Nifty lost 104 pts to 22,108. Here's a look at hot stocks buzzing in action today.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said," Even though high valuation in India is a matter of concern, it is unlikely to impact the market much in the near-term. Cheap valuation in China is not attracting foreign investors. Sustained buying by DIIs (Rs 21700 crores in February so far) supported by HNIs and retail investors has completely eclipsed the FII selling. FIIs have lost in this tug of war with DIIs since the market has been scaling new highs despite FII selling.”
Shares of Vodafone Idea slipped 2.39% to Rs 17.13 today. Total 433.54 lakh shares of the telco changed hands amounting to a high turnover of Rs 76.01 crore. Market cap of the firm slipped to Rs 84,118 crore
Shares of HUDCO zoomed over 7% to Rs 213.70 today. The stock was the top BSE gainer with its market cap climbing to Rs 41,599 crore. The firm saw a high turnover of Rs 70.45 crore. The rally in the stock came after the frim inked an agreement with NBCC.
Shares of Jio Financial fell over a percent to Rs 328.65 on BSE. Market cap of the firm slipped to Rs 2.09 lakh crore. A total of 39.77 lakh shares of the firm changed hands amounting to a turnover of Rs 134.36 crore on BSE.
Shares of YES Bank slipped 4 per cent to Rs 25.15 on BSE today. Market cap of YES Bank slipped to Rs 72,548 crore. A total of 338.68 lakh shares of the lender changed hands amounting to a high turnover of Rs 86.13 crore on BSE.
Shares of Paytm (listed as One97 Communications) hit upper circuit of 5% at Rs 427.95 on BSE. The stock rose after Reserve Bank of India (RBI) advised the National Payments Corporation of India (NPCI) to examine Paytm’s request to become a third-party application provider for unified payments interface (UPI) payments.
Shares of Rain Industries fell over 11% in early trade after the chemical industry firm reported a consolidated net loss of Rs 1118.75 crore in the quarter ended December 2023 as against net profit of Rs 89.52 crore during December 2022 quarter. Rain Industries stock fell 11.29% to Rs 183.05 in early trade today. Market cap of the firm declined to Rs 6,383 crore. It was the top loser on BSE.
Shares of Gensol Engineering rose 3.84% to Rs 1264 today. The stock saw a turnover of Rs 4.05 crore after a total of 0.32 lakh shares of the firm changed hands on BSE. Market cap of Gensol Engineering climbed to Rs 4658.37 crore. The rally came after the firm said it secured Rs 337 crore projects.
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.