D-Street Newsmakers: Bharti Airtel, UPL, Tata Power among stocks that made headlines today
Indian equities despite muted global markets ended on a buoyant note cheering India's CPI for the April month which came in at an 11-month low. Nifty added over 0.5 per cent and closed the session at 22,217.85.
Indian equities tracking positive domestic cues ended Tuesday’s session higher. At the close, Nifty ended at 22,217.85, gaining 0.51 per cent , while Sensex closed 0.45 per cent higher at 73,104.6. Meanwhile sectorally, Metals pack emerged as the outlier followed by Auto and Energy, while Pharma and FMCG were the laggards. Broader markets delivered a strong outperformance as Mid and Smallcap indices advanced by 0.98% and 2.03%, respectively.
Here are the stocks that hogged limelight in today’s session:
Bharti Airtel
Ahead of its Q4 results due later today, scrip of the telco settled with a negative bias at Rs 1285.40. Zee Business research desk estimates margins to come in flat quarter-on-quarter, while the ARPU is expected to increase 1.5 per cent.
Oberoi Realty
Shares of the Nifty Realty company ended over 3 per cent higher at Rs 1529.15. The real estate major is slated to report its March quarter results later today.
UPL Limited
Shares of the chemical industry company lost over 4 per cent in trade today and settled at Rs 510.20 amid a spurt in trading volume in the counter post its Q4 results announcement yesterday.
Tata Power
Shares of the company zoomed over 4 per cent to close at Rs 430.30 after ICICI Securities resumed its coverage on the stock with a ‘buy’ view.
Zydus Wellness
Shares of the company ended nearly 1 per cent higher at Rs 1698.75 as the company posted decent Q4 performance.
PVR Inox
Shares of the cinema chain operator ended over 1 per cent lower at Rs 1298 even though the company’s consolidated net loss narrowed to Rs 130 crore in Q4FY24.
Great Eastern Shipping
Shares of the shipping company ended with gains of 5 per cent at Rs 1048.35 amid a spurt in volume in the counter.
DLF
DLF shares ended marginally higher at Rs 838.9 even as the company posted better-than-expected Q4 results on Monday.
NALCO
Shares of the company settled 7 per cent higher at Rs 188.95 amid solid gains in the broader metal space.
Varun Beverages
Shares of the franchise partner of PepsiCo ended nearly 1 per cent higher at Rs 1,490.05 as brokerages remained upbeat on the stock post its first-quarter results.