D-Street Newsmakers: Divi’s Laboratories, HDFC Bank, LIC and IREDA among 10 stocks that made headlines today
Indian equities after hitting a new high of 23,039 on the Nifty saw some profit booking, dragging the benchmark index lower by 24.65 points to 22,932.45 levels.
Indian equity benchmarks shrugging off weak global cues scaled fresh peaks in intra-day trade amid broad-based buying. Nevertheless, profit booking in select pockets, including Metal, Energy and FMCG weighed on sentiment, leading equities to end lower. At the close, Nifty ended with a cut of 0.11 per cent or 24.65 points at 22,932.45, while Sensex lost 0.03 per cent or 19.89 points and ended at 75,390.5, after climbing past 76,000 levels for the first time in trade today.
Here are the stocks that hogged the limelight today:
Divi’s Laboratories
After reporting better-than-expected Q4 results, shares of the company ended higher by.over 3 per cent at Rs 4,254.7. Earlier in the session, the stock marked its fresh 52-week high price of Rs 4,356.85 apiece on the BSE.
HDFC Bank
As there was expected momentum in banking stocks as Nifty Bank is still to hit its new peak, the private banking counter gained 0.75 per cent and closed at Rs 1,527.95.
IREDA
As the state-run entity aims to reach Maharatna status by 2030, D-Street cheered the guidance and shares of the NBFC ended higher by 5 per cent at Rs 194.4.
LIC
LIC shares in trade today ended higher by 0.7 per cent at Rs 1037 ahead of its Q4 results later today.
NHPC
Shares of the utility company ended marginally higher at Rs 102.65 per share amid a spurt in volume in the counter.
Cochin Shipyard
Shares of the company ended after over 3 per cent higher at Rs 1973 after reporting stellar Q4 earnings. The company’s profit during the reporting quarter surged 6.6 times on year to Rs 258.88 crore. Earlier during the session, the stock logged its all-time high price of Rs 2,100.
Vodafone Idea
Shares of the telecom major ended lower by over 1 per cent at Rs 14.95 as the telco’s 1-month lock-in period for anchor investors in the FPO is likely to end today.
HBL Power
Shares of the company ended 3 per cent higher at Rs 529.2 as the company a sharp on-year rise in net profit to Rs 81 crore in the March-ended quarter.
Indian Overseas Bank:
Amid rally in the banking stock, the state-run lender ended over 11 per cent higher at Rs 74.8 apiece.
DOMS Industries
Shares of the company ended nearly 3 per cent higher at Rs 1855 as the company's Q4 PAT rose 33 per cent on year.