Nifty50 clocks biggest 5-day gain in 4 years; Tata Motors, HUL, IRFC, CIL, HZL, other stocks in focus now
Domestic equity benchmarks registered sharp gains on Monday, driven by strong buying in financial, IT and energy shares, as trading resumed after a long weekend owing to the Good Friday holiday. The Sensex gained 855.3 points, or 1.1 per cent, to end at 79,408.5 while the Nifty50 settled at 24,125.6, up 273.9 points, or 1.2 per cent, from its previous close. That marked their strongest five-session rise in more than four years. As the focus shifts to the second trading session of the week, here are a number of stocks in focus on Dalal Street:
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08:46 AM IST
Domestic equity benchmarks registered sharp gains on Monday, driven by strong buying interest in financial, IT and energy shares, as trading resumed after a long weekend owing to the Good Friday holiday. The Sensex gained 855.3 points, or 1.1 per cent, to end at 79,408.5 while the Nifty50 settled at 24,125.6, up 273.9 points, or 1.2 per cent, from its previous close. That marked their strongest five-session rise in more than four years.
As the focus shifts to the second trading session of the week, here are a number of stocks in focus on Dalal Street:
Hindustan Unilever Ltd (HUL)
The FMCG major has completed the acquisition of a 90.5 per cent stake in Uprising Science.
Tata Motors
The Tata group auto major has signed an agreement with Tata Power subsidiary Tata Power Renewable Energy for a 131 MW wind-solar hybrid project.
Coal India Ltd (CIL)
The company has signed an agreement with Damodar Valley to 2×800 MW coal-based ultra supercritical power plant in Jharkhand.
A 50:50 joint venture will be established for the project at an investment of Rs 16,500 crore.
Nippon Life India Asset Management
The company’s mobile app and website have resumed normal operations following a cyber attach on April 10.
Gujarat Alkalies and Chemicals
The firm has dispatched the first consignment of benzyl chloride from its Dahej facility.
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Himadri Speciality Chemical
The company has agreed to acquire 100 per cent stake in Elixir Carbo Private for a sum of Rs 7.5 crore.
Lloyds Metals and Energy
The company has scheduled a board meeting on April 25 to consider fundraising through a combination of equity shares, bonds, debentures, warrants and/or preference shares.
Muthoot Capital Services
The company has issued commercial papers to the tune of Rs 100 crore.
Indian Railway Finance Corporation (IRFC)
The PSU has rescheduled its board meeting to April 28 to consider its market borrowing programme for the current financial year, which began on April 1.
Fischer Medical Ventures
The company’s board has given the nod for a $1 million investment in Fischer Hospitality Sdn Bhd and a $12.5 million investment in Nanomedic Technologies and Solutions Pte via its subsidiary.
Silver Touch Technologies
The company’s subsidiary, Ai4Pharma Tech, has launched its first AI-driven product, called ‘ChatGMP’.
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