Top stock movers — Lakshmi Vilas Bank, Tata Motors, DHFL, Wipro, Mahanagar Gas, IIFL Securities, and others
- The 30-share BSE index was trading 18 points higher, and the broader NSE Nifty was trading flat on Wednesday at 10:02 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.
- Check out the latest news and updates on Business Insider.
AdvertisementIndian indices were trading flat on Wednesday after hitting a record high on Tuesday led by the losses in heavyweights HDFC, HUL, TCS and RIL.
The 30-share BSE index was trading 18 points higher, and the broader NSE Nifty was trading flat on Wednesday at 10:02 am.
Here’s a list of the top losers and gainers in the Nifty pack.
*as of November 18, 10:00 am
|Top Nifty Gainers||Top Nifty Losers|
|IndusInd Bank||Nestle India|
These are the top stocks in news today.
Lakshmi Vilas Bank hits 20% lower circuit
The shares of Lakshmi Vilas Bank were locked in a 20% lower circuit a day after the government placed the bank under a one-month moratorium and capped withdrawals at ₹25,000 per depositor. The step was taken by the government, on the advice of the Reserve Bank, in view of the declining financial health of the private sector lender. Meanwhile, the RBI has also placed in the public domain a draft scheme of amalgamation of Lakshmi Vilas Bank (LVB) with DBS Bank.
DHFL locked in 5% upper circuit
The shares of cash strapped Dewan Housing Finance Corp (DHFL) were locked in a 5% upper circuit after news reports surfaced that lenders are likely to call for fresh bids as the Adani Group unexpectedly offered a higher price for the company’s assets.
Wipro sheds 1%
The shares of IT giant Wipro shed nearly a percent after its shareholders have approved its up to ₹9,500 crore share buyback plan. The board of directors had last month approved a buyback proposal for purchase of up to 23.75 crore equity shares at ₹400 per share, aggregating to an amount of up to ₹9,500 crore.
Tata Motors shares soar ahead of Tata vs Mistry case hearing
The shares of Tata Motors soared over 4% ahead of Tata vs Mistry case hearing scheduled today. Tata Motors also recorded a strong festive boost during the Diwali season.
DLF opens 3% higher
The shares of DLF soared 3% after the company was recognised to be listed on Dow Jones Sustainability Indices (DJSI), becoming the only Indian realty firm to be included in the DJSI index. The index recognised DLF based on its record for its governance, social and environmental initiatives.
IIFL Securities up over 6%
The shares of IIFL Securities gained over 6% after the company announced that its board would meet on November 20 to consider the share buyback proposal.
Mahanagar Gas gains 3%
The shares of Mahanagar Gas were up 3% after brokerages reiterated ‘buy’ rating for its stocks. CLSA has raised its target to ₹1,310 per share from ₹1,299 earlier. Nirmal Bang has set the target price at ₹1,072.
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