Indian benchmark indices were trading higher on Monday. The Sensex was up around 298 points or 0.46% at 62,845, and the Nifty was up 78 points or 0.46% at 18,612. M&M, Axis Bank, Tata Motors, Grasim and L&T were the top Nifty50 gainers, while Divi's Lab, Asian Paints, Tech Mahindra, BPCL and HUL were the laggards
Shares of Hardwyn India jumped around 10% on Monday. Hardwyn India shares had closed at Rs 623.35 on Friday. The share price got adjusted for corporate actions in Monday's trade, with the stock trading at an adjusted price of Rs 51.40 per share, up 10% over its adjusted price for Friday at Rs 46.75. The unadjusted price for Friday stood at Rs 623.35
Shares of HBL Power Systems surged over 10% in Monday's trade amid the growing need of further adoption of collision-prevention system ‘Kavach’ following the devastating train collision in Odisha. Kavach was developed by the Research Design and Standards Organisation under Indian Railways, along with HBL Power Systems, Kernex Microsystems and unlisted Medha Servo Drives
Shares of Mazagon Dock Shipbuilders jumped more than 9% to Rs 928 on NSE in intraday trade today. The stock is set to surpass its all-time high of Rs 936 riding on current momentum. As per market analysts, the overall chart structure of the stock looks positive and it is in an uptrend. The counter is heading towards a price target of Rs 930, they said
Shares of Nava Ltd. jumped around 9% to hit an intraday of Rs 273 on NSE today after its Zambia-based colliery lowered the overall debt by about $277 million, or Rs 2,296 crore. The company's unit, Maamba Collieries Ltd., leveraged the improved operational cash flows to discharge overdue loan instalments
Shares of Marksans Pharma Ltd. jumped more than 7% on Monday to hit an intraday high of Rs 80. The stock has been in an uptrend since it reported a 16% jump in its overall revenue for the January-March period. In the last 5 sessions, the stock has rallied around 18%
Paras Defence share price rose more than 5% to hit an intraday high of Rs 576. The stock has been rising since the company entered into a joint venture agreement with an Israeli company CONTROP Precision Technologies to manufacture, install and provide logistics and after-sale support, etc., in the electro-optic infra-red field
Shares of CarTrade Tech jumped more than 8% on Monday to hit an intraday high of Rs 462 on NSE. In the last one month, the stock has rallied around 5%. The company recorded its highest-ever revenue, at Rs 116.60 crore, in Q4FY23. Its annual revenue for FY23 stood at Rs 427.72 crore, up 19% YoY
Shares of Tata Motors are trading with gains on Monday, hitting a new 52-week high, after the Tata Group announced that it plans on establishing a lithium-ion cell manufacturing gigafactory in Gujarat. The stock is now up for the fourth straight day, and has gained more than 40% from its 52-week low of Rs 375.5 on December 26, 2022
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