On December 4, benchmark indices Nifty and Sensex experienced a choppy session, with most of the morning gains wiped due to weakness in oil & gas, telecom, and auto stocks. Nevertheless, both indices managed to close in the green for the fourth consecutive session. At close, the Sensex was up 110.6 points or 0.1 percent at 80,956, and the Nifty was up 10.3 points or 0.04 percent at 24,467.5. About 2,307 shares advanced, 1,507 shares declined, and 95 shares remained unchanged.
2/11
Steelman Telecom | CMP: Rs 155 | Shares surged to a 20 percent upper circuit at Rs 154.8 after the company secured a major work order worth Rs 147 crore from Reliance Projects & Property Management Services Ltd (Jio).
3/11
PB Fintech | CMP: Rs 1,995 | Shares rose 3.6 percent after the company announced the approval of the incorporation of a wholly owned subsidiary under the proposed names 'PB Healthcare' or 'PB Healthcare Services,' or any other name as approved by the Ministry of Corporate Affairs, Government of India.
4/11
Wonderla Holidays | CMP: Rs 883 | Shares surged 7 percent after the company launched its Qualified Institutions Placement (QIP) issue, with the floor price at Rs 829.7 per share.
RattanIndia Enterprises | CMP: Rs 72 | Shares rose over 5 percent buoyed by the strong November sales of its arm--Revolt Motors. Revolt Motors recorded a whopping 197 percent on-year jump in its vehicle sales, with 1,994 units sold in November as compared to the 671 units that were sold in the same month last fiscal. On a month-on-month basis, the increase in vehicle sales was over twofold as compared to the 952 units sold in October.
6/11
Honasa Consumer | CMP: Rs 278 | Shares gained over 6 percent after stock exchange filings showed that co-founder and CEO, Varun Alagh, bought additional shares worth Rs 4.5 crore in the company. With this, Alagh's stake in the beauty and personal care firm rose to 31.93 percent from the earlier 31.88 percent.
7/11
Bajaj Auto | CMP: Rs 9,000 | Shares fell nearly 2 percent following reports that the company has cut prices of its Freedom 125, the world's first CNG motorcycle, just five months after its launch. Brokerage firm UBS Securities pointed that the two-wheeler company has cut prices for Freedom 125's entry-level variant cut by Rs 5,000 and mid-level variant by Rs 10,000 while also slashing prices for select Pulsar variants post Diwali.
8/11
Oberoi Realty | CMP: Rs 2,168| Shares rose over 5 percent and hit a record high of Rs 2,164.05 after international brokerage Nomura initiated coverage with a 'buy' rating, forecasting an over 21 percent upside in the stock from Tuesday's closing level.
Zomato | CMP: Rs 286 | Shares rose over 2 percent after brokerage firm CLSA maintained its outperform rating on the stock and raised its target price to Rs 370 per share, citing robust levers for growth.
10/11
Reliance Power | CMP: Rs 41 | Shares hit the 5 percent upper circuit at Rs 41.09 following the withdrawal of a debarment notice by the Solar Energy Corporation of India (SECI).
11/11
EPACK Durable | CMP: Rs 439 | Shares declined over 2 percent after a search was conducted by the Senior Intelligence Officer and Inspectors of the Special Intelligence and Investigation Branch (SIIB), Office of the Commissioner of Customs (Preventive), Jaipur, at the company's manufacturing facility in Bhiwadi, Rajasthan, on December 2.
