Stocks in news: Hero MotoCorp, M&M and Tata Steel among 7 stocks that hogged limelight today
The ongoing earnings have been mixed to subdued while relentless selling of domestic shares by the FIIs have prompted investors to maintain caution.
Indian equities ended Friday's session lower as yields edged higher on investors disappointment due to the absence of anticipated liquidity measures in the RBI monetary pollicy announcement. At the close, Nifty ended 0.18 per cent or 43.4 points lower at 23,559.95.
ITC
After Q3 results miss, ITC shares ended lower by over 2 per cent at Rs 430.9 apiece on the BSE. Post the company's earnings, Jefferies and Goldman Sachs have given 'buy' call on the stock with a target of up to Rs 520.
SBI
Shares of the state-run lender SBI extended its previous day's losses and ended lower by over 2 per cent at Rs 737.05 as most brokerages slashed target price on the counter after its December quarter earnings.
Mahindra and Mahindra
Shares of the auto major M&M ended 2 per cent higher at Rs 3,197.75 per share on the BSE. For the December quarter, the company's consolidated net profit came in at Rs 3,181 crore, up 20 per cent on-year. Revenue also increased 17 per cent on-year.
Hero MotoCorp
After the 2-wheeler's better-than-estimated Q3 performance, with profit increasing 12 per cent on-year, shares of the auto major ended over 1 per cent higher at Rs 4,278.1 per share.
H.G Infra Engineering
Shares of the civil construction company ended with a cut of 0.6 per cent at Rs 1,264.5 even as the company together with D.E.C. Infrastructure and Projects (India) emerged as the L-l bidder by the Rail Land Development Authority (RLDA), New Delhi for a project worth Rs 2,195.68 crore.
Ola Electric
Ola Electric reported a consolidated loss of Rs 564 crore in Q3FY25, expanding from Rs 376 crore YoY. Post the company's earnings, the stock ended with a cut of as much as 3 per cent at Rs 70.02.
Tata Steel
On the back of positive outlook for the metal sector, Tata Steel emerged as the top Nifty gainer, gaining over 4 per cent and settling at Rs 138.31.