Top stock movers on Dalal Street today — Tata Motors, Wipro, Glenmark Pharma, RIL, Berger Paints

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Top stock movers on Dalal Street today — Tata Motors, Wipro, Glenmark Pharma, RIL, Berger Paints
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Indian stock market opened on a positive note on Monday with the BSE Sensex gaining 0.45% to 38,049.33 points during the initial trade. The Nifty rose 0.47% to 11,230.45.

On the Sensex chart, NTPC, Tata Steel, L&T, Titan and Kotak Bank were among the major gainers - rising as much as 3%.

These are the top stocks that are buzzing on D-street today.

Tata Motors tanks 1.2% during the morning trade
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Top stock movers on Dalal Street today — Tata Motors, Wipro, Glenmark Pharma, RIL, Berger Paints
Tata Motors was trading 1.2% lower after financial rescue package talks with the British government failed. According to reports, the conglomerate may have to look for a strategic partner for Jaguar Land Rover (JLR) and sell its UK steel plant.

Glenmark Pharma up over 4%
Top stock movers on Dalal Street today — Tata Motors, Wipro, Glenmark Pharma, RIL, Berger Paints

Glenmark Pharma was trading nearly 4% higher after the company posted an over two-fold increase in consolidated net profit at ₹254.04 crore for the quarter ended June.

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Reliance Industries tanks 2%
Top stock movers on Dalal Street today — Tata Motors, Wipro, Glenmark Pharma, RIL, Berger Paints

Reliance Industries shares were down nearly 2% during the morning trade. According to a TOI report, RIL is in talks to acquire online furniture brand Urban Ladder and milk delivery platform Milkbasket.

Also, RIL is likely to tell the Supreme Court that it is not liable to pay the AGR related dues of Reliance Communications Ltd despite using its spectrum.

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ICICI Bank down over 2%
Top stock movers on Dalal Street today — Tata Motors, Wipro, Glenmark Pharma, RIL, Berger Paints

ICICI Bank tanked nearly 2%, minutes after opening in green. The bank said it completed the allotment of equity shares under its qualified institutions placement (QIP) and raised about ₹15,000 crore through the issuance of 41.89 crore equity shares at an issue price of ₹358 per unit.

Also in a regulatory filing, the bank said that the Government of Singapore was offered over 4.64 crore shares in the QIP amounting to 11.08% stake.

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Berger shares down nearly 4%
Top stock movers on Dalal Street today — Tata Motors, Wipro, Glenmark Pharma, RIL, Berger Paints

Berger shares tanked nearly 4% after the company reported around 91% fall in its consolidated net profit to ₹15.09 crore for the first quarter ended June 30.

The total revenue was down 46% year-on-year to ₹928.59 crore during the period, the company said.

Wipro trading nearly 3% higher
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Top stock movers on Dalal Street today — Tata Motors, Wipro, Glenmark Pharma, RIL, Berger Paints

Wipro was trading 3% higher after the company announced that it has completed the acquisition of Brazilian IT firm IVIA Serviços de Informatica Ltd.

Earlier in July, the company announced that it had signed an agreement to acquire IVIA for about ₹169 crore. IVIA is a provider of IT solutions.

SEE ALSO: Tech Mahindra, HCL Tech, Wipro and likes are hoping global 5G race resumes next year⁠ — bringing some large deals before that

Top stocks to watch today— RIL, Wipro, Future Retail, Infosys, ICICI Bank and more
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