Hot stocks on September 18, 2023: YES Bank, BEL, Adani Energy Solutions, Gensol Engineering and more

Produced by: Aseem Thapliyal
Designed by: Manoj Kumar

Indian equity benchmarks were trading lower in early deals today. The 30-share BSE Sensex pack fell 104 points to 67,734, while the NSE Nifty lost 13 points to 20,179.   

Indices trading lower on September 18 

VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The participation of large-cap bluechips across sectors has been giving strength to the rally which has taken the Nifty well above 20,000 level. The fact that the fairly valued banking segment has been a significant contributor to the recent rally also is a positive development. PSU banks like BoB, Canara Bank and Indian Bank are even now attractively valued.”

PSU banks are attractively valued 

Jupiter Life Line Hospitals stock made a strong debut at Dalal Street on Monday as the hospital chain was listed at Rs 973 apiece on National Stock Exchange (NSE), a premium of 32%, compared to the issue price of Rs 735. Similarly, the stock made its debut at a premium of 31% at Rs 960 on BSE. 

Jupiter Life Line Hospitals 

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Shares of Adani Energy Solutions Ltd gained 2.90% to Rs 871 today after the Adani Group firm's promoters raised their stake from 70.41% to 72.56% between August 16 and September 14. Promoters bought nearly 2.4 crore shares during this period from the open market. Market cap of the firm stood at Rs 95,184 crore. 

Adani Energy Solutions 

Shares of Bharat Electronics Ltd (BEL) zoomed 7% in early trade after the PSU defence firm said it won defence orders worth Rs 3,000 crore. The BEL stock gained 6.85% to Rs 145 against the previous close of Rs 135.70 on BSE. Total 14.78 lakh shares of the firm changed hands amounting to a turnover of Rs 20.76 crore on BSE. Market cap of the firm rose to Rs 1.02 lakh crore. 

BEL 

Shares of Gensol Engineering rose 2.74% to Rs 1,926.95 in early trade after the firm said it has bought 54.38% of Scorpius Trackers Pvt Ltd and by virtue of this, Scorpius is now a subsidiary of Gensol. Total 1,909 shares of the firm changed hands amounting to a turnover of Rs 36.21 crore on BSE. Market cap of the firm rose to Rs 2,352.14 crore.

Gensol Engineering 

Shares of the lender zoomed 12.37% to Rs 44.39 in early deals today. Market cap of the bank rose to Rs 83,113 crore. Total 87.19 lakh shares of the firm changed hands amounting to a turnover of Rs 36.90 crore on BSE. The stock was among the top gainers on BSE. 

Indian Overseas Bank 

Shares of KIOCL gained over 16% to a fresh 52-week high of Rs 306.35 in early deals today. The market cap of the firm rose to Rs 18,384 crore. A total of 1.30 lakh shares of the firm changed hands amounting to a turnover of Rs 3.88 crore on BSE. 

KIOCL 

Shares of YES Bank gained over 2% to Rs 18.66 in early deals today. The market cap of the lender rose to Rs 53,257 crore. A total of 265.68 lakh shares of the firm changed hands amounting to a high turnover of Rs 49.04 crore on BSE. 

YES Bank 

Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position.

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