Top stock movers — Future Retail, INOX, PVR, Tata Elxsi, MTNL, Ashok Leyland and others

Top stock movers — Future Retail, INOX, PVR, Tata Elxsi, MTNL, Ashok Leyland and others
Choppy trade on Dalal Street this Thursday morning. Indian stock market indices Sensex and Nifty are tracking weak cues from the global markets.

The 30-share BSE index Sensex was down 37.38 points, and the NSE Nifty was trading 0.10% lower at 10:10 am.

Here’s a list of the top losers and gainers in the Nifty pack.
Top Nifty GainersTop Nifty Losers
HDFCTech Mahindra
Tata SteelHCL Tech
Eicher MotorsTCS
Coal IndiaHindalco
*as of October 15, 10:00 am

These are the top stocks in news today.

MTNL shares up 7%

The shares of state-owned Mahanagar Telephone Nigam Limited (MTNL) were up 7% after the central government mandated all ministries, public departments and public sector units to use telecom services of state-run BSNL and MTNL.


PVR and INOX Leisure shares up 1%

The shares of cinema giants PVR and INOX Leisure were up nearly 1% after Delhi, Haryana, and Uttar Pradesh decided to reopen cinema halls as per the MHA Unlock guidelines.

Tata Elxsi gains 5%

The Tata Elxsi shares gained over 5% — touching a new 52 week high, after the company reported a profit of ₹78.9 crore for the second quarter compared to ₹49.8 crore during the same period last year. The revenue rose to ₹430.2 crore from ₹385.8 crore in the year-ago period.

Ashok Leyland leaps 5% in a volatile market

The shares of automaker Ashok Leyland were up 5% after brokerages upgraded their rating to ‘Buy’. Axis Securities has pegged a target price of ₹90. Last week Edelweiss rated it ‘Buy’ with a target price of ₹83.

Infosys up 4% in opening trade

The shares of Indian IT giant Infosys opened 4% higher after the company reported a stellar quarter led by record deal wins, and it has also raised the FY21 guidance. The company also gave its employees 100% variable pay over the last three months and restarted the promotion process for junior-level employees.

Future Retail up over 2%

The shares of Kishore Biyani-led Future Retail were up 2% after media reports citing industry sources claimed that Amazon could not challenge Future Group to deal with Reliance as it does not involve Future Coupons.

SEE ALSO: Infosys share price hits fresh 52-week high after highest-ever deal wins of over $3 billion

Likhitha Infrastructure lists at 8% premium over the issue price

World Bank President says COVID-19 pandemic is causing the one of the deepest recessions since Great Depression