- The 30-share BSE index was trading 1.44% higher, and the broader NSE Nifty climbed 170 points on Monday at 10:00 am.
- Here’s a list of the top losers and gainers in the Nifty pack.
- These are the top stocks that are buzzing in trade today.
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The 30-share BSE index was trading 1.44% higher, and the broader NSE Nifty climbed 170 points on Monday at 10:00 am.
Here’s a list of the top losers and gainers in the Nifty pack.
These are the top stocks in news today.
HCL Tech, Infosys, Wipro, Tech Mahindra and other IT stocks rally
HCL Tech, Infosys, Wipro, Tech Mahindra and other IT stocks are clocking smart gains in morning trade on Monday. Analysts peg that Biden’s presidency will bode well for the Indian IT sector as a whole. Biden’s administration is expected to reverse some of the decisions of the outgoing Trump rule, including that of the H-1B. Trump had recently suspended the H-1B visas along with other types of foreign work visas until the end of 2020.
Tata Consumer shares gain over 2%
The shares of Tata Consumer were up over 2% after it reported an 18% rise in consolidated net profit to ₹234.33 crore for the quarter ended September 30, helped by an increase in domestic sales and volumes. Its revenue from operations was up 18.50% to ₹2,781.34 crore during the quarter under review.
Maruti Suzuki India shares gain 1%
The shares of Maruti gained nearly 1% after the $4 that it gained significantly from the pent up demand for personal vehicles. The company said its share in the passenger vehicle segment was up 1% in October from the previous high of 49% in September.
Union Bank of India up over 3%
The shares of the state-owned Union Bank of India gained over 3% after it reported a 55.3% jump in its net profit to ₹517 crore in the second quarter ended September 30. The bank’s gross non-performing assets (NPAs) ratio improved to 14.71% of the gross advances at the end of September this year compared to 15.75% during the same period last year.
Ashok Leyland down nearly 2%
The shares of auto giant Ashok Leyland were down 2% in an otherwise firm market after the company reported consolidated loss at ₹146.7 crore in the quarter ended September 30, against a profit of ₹38.9 crore during the same period last year. The overall revenue fell to ₹2,836.6 crore from ₹3,929.5 crore Year-on-Year.
Blue Star gains over 2%
The shares of air conditioner manufacturing giant Blue Star gained over 2% after it bagged an order worth ₹128 crore from Wistron Infocomm. The Taiwan-based electronics giant Wistron is one of Apple's key manufacturers.
Divi’s Labs up over 4%
The shares of Drug firm, Divi’ ’s Laboratories rallied over 4% after it reported a 45.63% rise in its consolidated net profit to ₹519.59 crore for the quarter ended September 30, mainly on account of robust sales. Consolidated total income stood at ₹1,762.94 crore compared to ₹1,492.60 crore for the same period a year ago.
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