Indian benchmark indices ended lower in the volatile session on August 10 with Nifty at 19,550. Asian Paints, ITC, Kotak Mahindra Bank, Britannia Industries and Apollo Hospitals are among the top losers on the Nifty, while gainers were Adani Enterprises, IndusInd Bank, Adani Ports, JSW Steel and ONGC. Check stocks that buzzed in trade today.
Paytm shares jumped more than 2.5% to hit an intraday high of Rs 867.80 on NSE today after the Reserve Bank of India proposed to increase the minimum limit for UPI Lite transactions. The central bank on August 10 announced that it will increase the limit for UPI-Lite to Rs 500. The minimum limit earlier was Rs 200. The scrip closed at Rs 857.95
Shares of Force Motors Limited raced 10% to hit a 52-week high of Rs 3,040 on NSE today, and were locked in the upper circuit after the automobile company turned profitable in the April-June quarter. It reported a consolidated profit of Rs 68.6 crore for Q1FY24, against a loss of Rs 16.6 crore in the year-ago period. The stock ended at Rs 3,040.10
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Shares of Page Industries rose around 3% to hit an intraday high of Rs 40,300 on NSE today even as the company reported a consolidated net profit of Rs 158.35 crore for Q1FY24, 23% lower from Rs 207 crore in the same quarter of the previous financial year. Total revenue at Rs 1,240 crore was 7.5% lower from Rs 1,341.26 crore in the year-ago quarter. The scrip closed at Rs 40,300.00
Shares of Zee Entertainment Enterprises Ltd (ZEEL) soared around 17% to hit an intraday high of Rs 290.70 on NSE as the National Company Law Tribunal (NCLT) approved the merger with Sony Pictures Networks India, granting a key regulatory approval in the merger, which was announced in 2021 but has been delayed for multiple reasons. The scrip ended at Rs 281.45
Shares of Prestige Estate Projects fell around 5% to hit an intraday low of Rs 558 on NSE after Jefferies downgraded the stock to a ‘hold’ rating. However, the brokerage raised the target price to Rs 620 per share. The scrip closed at Rs 558.50
Trent share price surged more than 6% to hit a 52-week high of Rs 1,915.00 on NSE today as the Retail major maintained its strong performance in Q1F424, with a 53.5% YoY surge in revenue to Rs 2,536 crore, far exceeding analysts’ expectations. The scrip closed at Rs 1,887.20
Oil India share price continued its upward trend and touched a 52-week high of Rs 279.95 on NSE for the second consecutive session on Thursday after the company posted a 4% rise in its net profit for the quarter ended June (Q1FY24) on the back of increased production, which offset a fall in price. The scrip closed at Rs 277.55
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