Top stock movers — Future Retail, IRCTC, Reliance Industries, Tech Mahindra, HCL, Infosys, Future Enterprises and more
- The India benchmark index Sensex was trading 0.16% lower; while the Nifty was up about 6 points at 10:00 am on September 8.
- These were the top losers and gainers in the Nifty pack.
- These are the top stocks that are buzzing in trade today.
- Check out the latest news and updates on Business Insider.
These were the top losers and gainers in the Nifty pack:
*as of September 8, 9:55 am
|Top Nifty Gainers||Top Nifty Losers|
These are the top stocks that are buzzing in trade today
AdvertisementIRCTC shares gained 3% after stake sale report
The shares of Indian Railways and Tourism Corporation gained nearly 3% after news reports surfaced that the union government which holds 87.40% stake in IRCTC is reportedly planning to sell 15-20% of its stake via offer for sale.
Bharat Dynamics shares plunge 13%
The shares of Bharat Dynamics lost nearly 13% in a few minutes of trading. This comes a day after the union government announced that it is looking to sell 15% of its stake in the company.
The government currently owns 87.75% of the company’s stake, and it is looking to offload 2.71 crore shares at a floor price of ₹384.50.
Future Enterprises shares down 5%
The shares of Future Enterprises lost 5% on September 8 after the parent organisation reported a consolidated net loss of ₹394.77 crore for the fourth quarter ended March 31.
AdvertisementOther Future Group subsidiaries are also trading lower today - Future Retail down 5%, Future Lifestyle Fashions down 5%, Future Consumer was down 4%, among others.
Shriram City Union Finance shares trading 5% higher
The shares of Shriram City Union Finance were trading 5% higher after Arkaig Acquisition (FPI) bought nearly 12.23 lakh shares in the company at ₹965 per share.
AdvertisementParag Milk and Foods shares were down 3%
The shares of Parag Milk and Foods were trading 3% lower on September 8 after the company reported a 88% fall in its profit to ₹3.23 crore. The board has also approved raising ₹ 230 crore via sale of non-convertible debentures. Non-convertible debentures can’t be converted into shares or equities.
Info Edge shares gain 3% in a volatile market
AdvertisementInfo Edge shares were trading 3% higher after the company reported a 24.7% jump in its India standalone net profit to ₹83.2 crore for the first quarter ended June 30.
Reliance Industries shares trading 1% higher
The shares of Mukesh Ambani owned RIL was trading 1% higher on September 8 after news reports surfaced that RIL is in preliminary talks with Facebook and private equity fund KKR for investments in its retail business.
SEE ALSO: Top stocks to watch— SBI, HDFC Bank, ICICI Bank, Future Retail, Future Enterprises, Indian Overseas Bank, Bharat Dynamics, Parag Milk, Info Edge and more
AdvertisementA Wall Street strategist who nailed last week's sell-off says the only path to a 'sharply higher' stock market is a dot-com-like bubble
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