Top stock movers — Future Retail, RIL, Infosys, Rane Brake Lining, Airtel, Vodafone-Idea, Wipro and more

Top stock movers — Future Retail, RIL, Infosys, Rane Brake Lining, Airtel, Vodafone-Idea, Wipro and more
Indian stock market indices Sensex and Nifty opened on a cautious note on Tuesday as market participants booked profits after an eight-session market rally.

The 30-share BSE index Sensex was up 44.05 points, and the NSE Nifty was trading 0.14% higher at 10:10 am.

Here’s a list of the top losers and gainers in the Nifty pack.
Top Nifty GainersTop Nifty Losers
Ultra Tech CementICICI Bank
Dr Reddy’s Lab GAIL
Shree Cement IndusInd Bank
Asian PaintsIOC
Britannia State Bank of India
*as of October 13, 10:00 am

These are the top stocks in news today.

Infosys hits a fresh 52-week high

The shares of IT giant Infosys touched a new 52-week high and gained nearly a percent during the morning trade. The rally came after the acquisition of a US-based product design and development firm Kaleidoscope Innovation for about ₹308 crore. Infosys is also scheduled to report its second-quarter earnings tomorrow.

Reliance Industries (RIL) and Bharti Airtel gain, Vodafone-Idea trades in red

The shares of Reliance Industries gained over 1% after its telecom arm; Reliance Jio became the first mobile network company in India to cross 40 crore customers mark with the net addition of over 35 lakh subscribers in July. This is according to the telecom regulator TRAI data released on October 12.

Bharti Airtel also gained 2% after adding over 3.26 million wireless subscribers in July, and Vodafone Idea lost 2% after losing 3.7 million users.

Shalby shares gain 5%

The shares of hospital chain Shalby were trading 5% higher after the company posted robust earrings. It reported a consolidated net profit of ₹24.5 crore in the second quarter ended September 30 compared to ₹12.9 crore year-on-year.

Rane Brake Lining gain 10%

The shares of auto parts manufacturer Rane Brake Lining surged 10% on Tuesday after the company said its board would meet on Thursday to consider a share buyback proposal.

“The exchange may please note that the board of directors at its meeting convened on October 15, 2020, is scheduled to inter-alia consider a proposal for buyback of equity shares of the Company and matters connected thereto,” it said in a stock-exchange filing.

Future Retail gains over 7%

The shares of Kishore Biyani owned Future Retail were trading 7% higher, making it one of the most active stocks by volume on the stock-exchanges.

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