Top stock movers — RIL, Bajaj Finance, Solara Active Pharma, Titan, Dixon Tech and more

Top stock movers — RIL, Bajaj Finance, Solara Active Pharma, Titan, Dixon Tech and more
Indian stock market index, Sensex makes a U-turn after opening in red— led by the gains in the heavyweight indexes like RIL, HDFC and also positive cues from the Asian markets.

The 30-share BSE index Sensex surged 234.73 points, and the NSE Nifty jumped 0.59% at 10:00 am.

Here’s a list of the top losers and gainers in the Nifty pack.
Top Nifty GainersTop Nifty Losers
RILBajaj Finance
TitanBajaj FinServ
Hero MotocorpGrasim
M&MCoal India
*as of October 7, 9:55 am

These are the top stocks in news today.

Bajaj Finance shares tank 5%

The share of Bajaj Finance tanked 5% after the company, in its quarterly update, said it would accelerate further provisioning for Covid-19. The new loans also declined sharply to 3.6 million from 6.5 million at the same time last year. This also moved Bajaj Finserv shares— which was down nearly 3%.

Solara Active Pharma shares leap 12%

The shares of Solara Active Pharma gained over 12% after brokerages increased the target price with a ‘buy’ rating. Macquarie has set the target price at ₹1680, whereas the global brokerage has set the target price at ₹2,100.

Dixon Tech shares soar 3%

The shares of Dixon Tech were up 3% after reports surfaced that the company's subsidiary Padget Electronics has been chosen as the domestic mobile phone manufacturing partner in the Production Linked Scheme.

Reliance Industries gains over 4%

The shares of Mukesh Ambani owned Reliance Industries soared 4% after the Abu Dhabi Investment Authority invested ₹5,512.50 crore in the Retail arm of RIL for a 1.20% equity stake.

Titan Company up over 4%

The shares of Titan Company soared 4% after the jewellery maker said that its business is almost back to the pre-COVID levels in its second quarterly update.

Britannia Industries jump 3%

The shares of consumer goods major Britannia Industries jumped 3% during the early trade hours after brokerages increased the target price for its shares with a ‘buy’ rating. The increase in the target price comes since FMCG companies have witnessed an improving sales picture in September.

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