Sensex and Nifty ended the trading session on a high on September 17 after a volatile start, driven by gains in telecom, banking, and construction stocks, while metal stocks dipped. This comes just a day before US Fed's meeting to cut interest rates for the first since the Covid-19 pandemic turned the world upside down.
2/11
Bajaj Housing Finance | CMP Rs 10 per share | Share price shot up as much as 10 percent on Tuesday, September 17, hitting the upper circuit at Rs 181.5, continuing the momentum after a blockbuster IPO debut. Bajaj Housing Finance stock, which had already closed at Rs 165 on listing day -- up 135 percent from its IPO price of Rs 70
3/11
IGL | CMP Rs 547 per share | Shares of IGL surged over 3 percent on September 17 following UBS's upgrade to 'buy' and target price hike, while MGL stock hit a 52-week high after its target price was raised, both driven by strong volume and growth prospects.
4/11
DCX Systems | CMP Rs 347 per share | Shares of the company surged to an upper circuit of 5 percent after the company informed the exchanges that its wholly-owned subsidiary was granted an industrial license. The Industrial Licensing Section of the Office of the Development Commissioner of the Cochin Special Economic Zone (CSEZ), SEZ's in Karnataka and the Ministry of Commerce and Industry granted an industrial license.
Suzlon Energy | CMP: Rs 81 | Suzlon Energy stock fell almost 4 percent on profit booking. Shares of renewable energy solutions provider Suzlon Energy have given multi-bagger returns of over 110 percent in just 3 months and have increased by 115 percent so far this year, as the stock sustains its positive momentum.
6/11
SpiceJet | CMP: Rs 72 | Shares of air carrier fell nearly 7 percent as investors rushed to book profits The slump comes a day after the stock rallied as the company opened a Qualified Institutional Placement (QIP) to raise up to Rs 3,000 crore at a floor price of Rs 64.79 per share.
7/11
Geojit Financial | CMP: Rs 155 per share | Shares of the brokerage slumped over 8 percent even as the company's Rights Issue Committee is scheduled to meet on September 19, 2024, to finalize key details regarding its upcoming rights issue. During the meeting, the committee will decide on crucial aspects such as the issue price, the rights entitlement ratio, and other related matters.
8/11
Reliance Infrastructure | CMP: Rs 235 per share | The stock jumped over 9 percent on September 17 after the company announced the schedule of a board meeting to discuss raising long-term funds. The company has not disclosed the mode of fundraising, nor the amount the company is looking to raise, or its reasons.
Firstsource Solutions | CMP: Rs 308 per share |The stock rose on September 17 after the company announced that it has inked a pact with Microsoft to deliver cutting-edge digital transformation services to clients worldwide.
10/11
Ola Electric Mobility | CMP Rs 118 per share| The share price jumped as much as 10 percent on September 17 to hit the upper circuit, riding on bullish calls from major global brokerages. Bank of America and Goldman Sachs initiated coverage on Ola Electric stock with 'buy' calls on positive growth outlook.
11/11
MGL | CMP Rs 1,901 per share | Shares rallied almost 5 percent following UBS's upgrade to 'buy' and target price hike and its target price was raised, both driven by strong volume growth prospects.
