Top stock movers — RIL, SpiceJet, Titan, Tech Mahindra, Vodafone Idea, Gland Pharma, Bharat Electronics, and others

Top stock movers — RIL, SpiceJet, Titan, Tech Mahindra, Vodafone Idea, Gland Pharma, Bharat Electronics, and others
BCCL
  • The 30-share BSE index was trading 0.34% higher, and the broader NSE Nifty was trading points 39 higher on Friday at 10:40 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.
Indian equity benchmark indices surged in early trade on Friday, tracking gains in index-heavyweights HDFC twins, Kotak Bank and Bajaj Finance amid largely positive cues from global markets and sustained foreign fund inflow.

The 30-share BSE index was trading 0.34% higher, and the broader NSE Nifty was trading points 39 higher on Friday at 10:40 am.

Here’s a list of the top losers and gainers in the Nifty pack.
Top Nifty GainersTop Nifty Losers
Bajaj FinservIndusInd Bank
Titan RIL
Nestle India UPL
Tech MahindraAxis Bank
NTPCICICI Bank
*as of November 20, 10:35 am
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These are the top stocks in news today.

SpiceJet extends gain for the second day

SpiceJet shares gained over 5% — extending gains for the second day in a row after the US FAA cleared Boeing’s 737 Max aircraft to resume flying. 737 Max aircraft were banned nearly two years ago after two fatal crashes. SpiceJet has a fleet of 13 such planes that were grounded in March 2019.

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Vodafone Idea gains nearly 5%

The shares of Vodafone Idea soared 5% after receiving cash consideration of ₹3,760.1 crore for its 11.15% shareholding in Indus, post the completion of the much-delayed merger of Bharti Infratel and Indus Towers on Thursday.

Mphasis up nearly 3%

The shares of IT firm Mphasis gained over nearly 3% after its subsidiary, Mphasis Consulting, acquired UK-based Datalytyx for up to £13.3 million (about ₹130.4 crore).

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The acquisition is expected to provide access to strengthen Mphasis next-generation Data GTM Strategy and provide higher value partnership status with Snowflake and Talend for cloud-based data services, a regulatory filing said.

Gland Pharma stellar debut

The shares of Gland Pharma listed at a premium of 12% over the issue price band on the Indian stock exchanges. The shares gained nearly 7% post listing, in minutes after debut.

Bharat Electronics surges 5%

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The shares of Bharat Electronics surged 5% post strong management guidance and brokerages remain bullish on the stock. Jefferies has maintained its “buy” rating with a target of ₹130 per share.

SEE ALSO: PUBG Mobile India was rumoured to launch today — but there is no official update from the company

FOMO helps Gland Pharma swell on debut
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