Top stock movers on Dalal Street today — Tata Motors, Wipro, Glenmark Pharma, RIL, Berger Paints
- Sensex gained 0.45% to 38,049.33 points during the initial trade on Monday.
- The Nifty rose 0.47% to 11,230.45.
- These are the
top stocksthat are buzzing the D-street today.
- Check out the latest news and updates on Business Insider.
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
AdvertisementTata 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%
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.
Reliance Industries tanks 2%
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.
AdvertisementICICI Bank down over 2%
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.
AdvertisementBerger shares down nearly 4%
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
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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- Larsen & Toubro sees a slowdown in new orders in the first three months of 2021 — management says contracts have been deferred
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- There is an online discount on the new Sovereign Gold Bond Scheme opening on Monday priced at ₹4,777 per gram