Top stock movers on Dalal Street today — HAL, BHEL, Adani Ports, Eicher Motors and more

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Top stock movers on Dalal Street today — HAL, BHEL, Adani Ports, Eicher Motors and more
BCCL
  • Sensex on Wednesday opened on a negative note, dragged by losses in index-heavyweights Reliance Industries, HDFC Bank.
  • During the morning trade, Bajaj Finance was the top loser on Sensex, followed by L&T, Bajaj Finserv.
  • Here's a list of stocks buzzing on D-street today.
Domestic equity benchmark Sensex on Wednesday opened on a negative note dragged by losses in index-heavyweights Reliance Industries, HDFC Bank and L&T amidst negative trend in global markets.

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

  • Adani Ports gained nearly 3% at opening
Adani Ports and Special Economic Zone (APSEZ) on Tuesday said its board has approved a proposal to raise up to ₹3,000 crore through issuance of non-convertible debentures (NCDs).

The debentures to be issued will be listed on BSE Limited and National Stock Exchange of India Limited. The fund will be raised in one or more tranches, the company said.
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  • Eicher Motors was trading nearly 2% higher during the morning trade
Eicher Motors has approved a stock split. The shareholders of the company have approved the sub-division of each existing equity share of the face value of ₹10 each into 10 equity shares of the face value of ₹1 each.

The purpose behind splitting share price is to facilitate larger shareholder base and aid liquidity, the company said.

  • HAL and BHEL shares gained during the morning trade
Hindustan Aeronautics Limited (HAL) share price jumped nearly 5% after India approved another $1.2 billion for defence over and above the $5.5 billion last month. Bharat Heavy Electricals Limited also gained nearly 2%.
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  • Central Bank of India was trading over 2% higher
Public sector Central Bank of India on Tuesday reported a 21% rise in its consolidated net profit at ₹147.21 crore in the quarter ending June.

Total income of the bank (consolidated) rose to ₹6,751.86 crore during April-June quarter of 2020-21 as against ₹6,518.37 crore in the same period of 2019-20, Central Bank of India said in a regulatory filing.

  • IndusInd Bank shares were trading lower during morning trade
This came after IndusInd Bank on Tuesday said it had sold a portion of the invoked pledged shares of Eveready Industries and McLeod Russel India.
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"We wish to inform that the bank had yesterday, August 10, 2020, sold 32,71,608 equity shares of Eveready Industries India Ltd and 55,00,000 equity shares of McLeod Russel India," IndusInd Bank said in a regulatory filing on Tuesday.

SEE ALSO: HAL's share price jumps 4% after India approves defence projects worth $1.2 billion

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