The market recovered the previous day's losses to end almost a percent higher on October 10. The Sensex was up 566.97 points or 0.87 percent at 66,079.36, and the Nifty ended 177.50 points or 0.91 percent higher at 19,689.80. About 2,489 shares advanced, 1,048 declined and 131 remained unchanged.
Coal India | CMP Rs 302.4 | Coal India rose 5 percent as Nuvama increased the target price of the stock to Rs 389, saying it offered the triple benefits of volume growth, improved e-auction prices, and possible all-time high dividend in H2FY24. The stock also hit a 52-week high.
Prakash Industries | CMP Rs 162.5 | The stock rallied over 11 percent to a 52-week high as renowned investors Mukul Agrawal and Dolly Khanna picked up over a percent stake each in the company.
JSW Steel | CMP Rs 772.95 | JSW Steel shares traded 2 percent higher after the company reported a 13 percent year-on-year (YoY) growth in consolidated crude steel production at 6.41 million tonnes for the recently ended July-September quarter.
India Bulls Housing Finance | CMP Rs 176.3 | Shares of Indiabulls Housing Finance gained close to 2 percent after the company proposed to buyback bonds maturing up to March 2024.
Purvankara | CMP Rs 136.8 | Shares of Puravankara zoomed more than 10 percent after the company reported its highest-ever quarterly sales value of Rs 1,600 crore in the September quarter, up 102 percent from Rs 791 crore in Q2FY23. Sales were also up 109 percent to Rs 2,725 crore in H1FY24 as against Rs 1,304 crore in H1FY23.
GM Breweries | CMP Rs 719.05 | GM Breweries shares were down more than 9 percent after its net profit fell 1.5 percent year-on-year (YoY) to Rs 22.4 crore in the July-to-September quarter. Its margin was also down 210 basis points YoY at 19.6 percent in Q2FY24. However, revenue was up 6.8 percent YoY at Rs 151.5 crore.
Paytm | CMP Rs 946.55 | One97 Communications Ltd, the Paytm parent, gained over 4 percent after brokerages Motilal Oswal Securities and Yes Securities raised the target price and Bernstein added the stock to its portfolio on expectations of strong September quarter earnings.
Ajmera Realty | CMP Rs 417.5 | Shares of Ajmera Realty and Infra India soared over 11 percent to hit a 52-week high intraday after the company posted a 52 percent surge in sales value during the July-September quarter.
Adani Ports | CMP Rs 818 | Adani Ports and Special Economic Zone Limited (APSEZ) gained over 3 percent after Motilal Oswal initiated coverage with a "buy" rating with a target price of Rs 1,010, saying rapid expansion and a diversified portfolio bode well for the company
Escorts Kubota | CMP Rs 3,411.45 | Shares of Escorts Kubota surged over 6 percent to a 52-week high after brokerage firm DAM Capital rolled out a bullish outlook for the company, raised its price target for the stock by 62 percent to Rs 5,100, and retained the "buy" call.
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