Top stock movers on Dalal Street today — TCS, HCL, Wipro, Ashok Leyland, IndiGo and more

BCCL
Domestic equity benchmark Sensex jumped over 100 points in early trade on Thursday led by gains in index majors TCS, Infosys and HUL amid firm cues from global peers and sustained foreign fund inflow.

The benchmark index Sensex was trading 0.32% higher at 38,493.24; while NSE Nifty was up 0.41% at 11,354.40.

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

IndiGo’s parent Interglobe Aviation shares rallied nearly 8% during the morning tarde

Advertisement

Westbridge Capital, a private equity firm bought 1.41% stake in India's largest domestic airline IndiGo for ₹559 crore through an open market transaction.

Strides Pharma trading nearly 1% higher

Strides Pharma promoters announced the acquisition of the 3.7% stake owned by Sequent Scientific. The acquisition of stake will be at ₹475 per share, and the transaction is expected to be completed in the next coming months.

Ashok Leyland nose dived over 2%

Advertisement

Hinduja Group flagship firm Ashok Leyland shares were trading nearly 2% lower after the company reported a consolidated net loss of ₹388.82 crore for the first quarter ended June 30. The company’s revenue from operations in April-June 2020 significantly declined to ₹1,486.04 crore as compared with ₹6,588.23 crore in the year-ago period.

Eicher Motors trading more than a percent lower

Eicher Motors is slated to report its first quarterly earnings today. The share price was trading 1.07% lower during the morning trade as analysts expect the street is expecting a 63% revenue dip and over 90% fall in its profit in the first-quarter earnings.

Aurobindo Pharma shares decline 2.95%
Advertisement


Despite posting a 22.8% rise in its net profit for the quarter ended on June 30, the shares of drugmaker Aurobindo Pharma declined nearly 3% in the early hours of trading.

TCS, HCL Wipro and other tech shares rally during the morning trade

IT stocks rallied after the Donald Trump administration announced certain exemptions in the H-1B and L-1 travel ban for those continuing employment with the same employer. All three major Tech companies’ shares were trading above 2% higher than the previous close.
Advertisement


SEE ALSO: Top stocks to watch today— Britannia, Hero MotoCorp, Ashok Leyland, M&M Financial, Indiabulls Housing and more

It only takes 50 tweets to find a troll on Twitter
{{}}