Top stock movers on Dalal Street today — IndiGo, Cipla, Hero MotoCorp, Glenmark Pharma and others

BCCL
  • Sensex on Friday opened on a positive note, with a healthy buying in healthcare, capital goods and energy stocks.
  • Nifty50 was trading nearly 51.10 points higher or 0.45% from its previous close.
  • Here’s a list of stocks buzzing on D-street today.
  • Check out the latest news and updates on Business Insider.
Indian stock market opened on a positive note on Friday with the BSE Sensex surpassing the 38,500-mark during the initial trade. Healthy buying was witnessed in healthcare, capital goods and energy stocks.

Nifty50 was trading nearly 51.10 points higher or 0.45% from its previous close.

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

IndiGo’s parent Interglobe Aviation shares trading over 2% lower during the morning trade

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The overall domestic air passenger traffic declined 83% to 21 lakh passengers in July. This led to domestic carrier Indigo’s shares coming under pressure. IndiGo’s passenger load factor in July was almost flat at 60.2%. However, its market share in July was up at 60.4% compared to 52.8% in June.

Shares of its rival airline SpiceJet, was trading flat during the morning session.

Hero MotoCorp declined nearly two per cent during the morning trade

Shares of the country’s largest two-wheeler maker Hero was trading nearly 2% lower after the company posted a 95.38% decline in consolidated net profit at ₹57.78 crore for the first quarter ended June 30.
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The total income during the quarter under review declined to ₹3,119.22 crore as compared with ₹8,410.41 crore in the year-ago period.

Eicher Motors declines 3% during the morning trade

After reporting a consolidated net loss of ₹55 crore for the first quarter ended June 30, the shares of Eicher Motors were trading nearly 3% lower during the early trade.

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Bank of India trades nearly 2% lower

The Bank of India shares were trading nearly 2% lower after the board approved raising up to ₹8,000 crore by preferential issue, QIP, further public offer, etc.

Cipla gains over 3% during the morning trade

Cipla shares gain over 3% led by a rally in pharma stocks. Cipla is one of the companies in India manufacturing the antiviral drug Remdesivir.

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Glenmark Pharmaceuticals gains over 3% during the morning trade

Shares of Glenmark Pharma was trading nearly 3% higher ahead of first quarter earnings due later today.

SEE ALSO: Top stocks to watch today—IndiGo, SpiceJet, Hero MotoCorp, BPCL, Tata Steel, Glenmark Pharma and others
Eicher Motors registers first-ever net loss of ₹55 crore in at least a decade
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