Sensex and Nifty declined over 1 percent on November 28 weighed down by IT stocks. At close, Sensex was down 1,190 points to 79,043, while Nifty slipped 360 points to 23,914.
NBCC India | CMP: Rs 98 | The stock surged as much as 5 percent as investors cheered for the company's recent order wins, worth a cumulative Rs 919 crore. The first order, worth Rs 600 crore was awarded by HUDCO for the development of a 10 acre institutional plot at Noida. The second order was given by the Government of Odisha to upgrade various primary school hostels across the state.
Ola Electric | CMP: Rs 92 | The stock revved up 6 percent, extending its upsurge to the fifth straight session. This upward run in the stock comes after the company unveiled its most affordable electric scooters yet — the S1 Z and Gig range — with prices starting at Rs 39,000, drawing positive outlook from brokerages.
Paytm | CMP: Rs 934 per share | The stock gained 2 percent UBS, a New York-based financial services firm, raised its target price for the stock to Rs 1,000 from Rs 490, citing that significant improvements have already been factored into the valuation. The brokerage projects Paytm's FY26 revenue to align with FY24 levels, with adjusted Ebitda expected to break even by Q4FY25.
Honasa Consumer | CMP: Rs 251 | The stock skyrocketed 10 percent as heavy trading volumes lifted the counter to its upper circuit. A total of 31 lakh equity shares changed hands so far on the BSE and NSE combined. This is higher than the one-month traded average of 18 lakh shares.
Adani Group stocks | Adani Group stocks surged for the second sessions, jumping up to 15 percent, with Adani Total Gas leading the gains, following a clarification from Adani Green Energy Ltd. that refuted bribery and corruption charges under the US Foreign Corrupt Practices Act (FCPA) against founder Gautam Adani and other executives. Today's rise has added Rs 1.2 lakh crore in m-cap in a single day.
NTPC Green Energy | CMP: Rs 127 | The stock rallied extended its gains, following its debut on the bourses in the previous session. The firm announced that it successfully commissioned the first part of the 105 MW Shajapur Solar Project, with a capacity of 55 MW. NTPC Green Energy has joined the Rs 1 lakh crore market cap club, and its IPO was the third-largest after Hyundai Motor India and Life Insurance Corporation.
IT stocks | The Nifty IT index fell over 2 percent on November 28, becoming the biggest laggard on the Nifty 50 after US inflation data revealed an increase in consumer spending for October. The data raised concerns that the pace of future rate cuts may be slower than expected, potentially affecting sectors like information technology, which have significant exposure to the US market.
Amber Enterprises | CMP: Rs 5,990 per share | The stock fell over 6 percent on November 28 after Goldman Sachs downgraded the stock to 'Neutral' from 'Buy' following a recent surge in its stock price. At the same time, the brokerage has raised its target price on Amber to Rs 6,300 from Rs 4,550.
LIC | CMP: Rs 942 | The stock gained by over 2 percent on November 28 following reports indicating that the insurer is exploring a significant foray into the health insurance segment. LIC is reportedly in advanced discussions to acquire a substantial stake in ManipalCigna Health Insurance, with sources suggesting it may aim for a 50 percent stake in the company.
Ujjivan SFB | CMP: Rs 36 | The stock surged over 2 percent on November 28 after board approved to sell its non-performing assets and written-off loans worth over Rs 270 crore to an asset reconstruction company.
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