In a remarkable turn of events, headline indices Nifty and Sensex rallied almost a percent each after a sharp surge in IT stocks helped regain momentum. At close, the Sensex was up 0.8 percent at 81,343 and the Nifty was up 0.8 percent at 24,800. About 1,185 shares advanced, 2,204 shares declined, and 73 shares unchanged.
2/11
Nazara Technologies | CMP: Rs X | Shares plunged over 5 percent as two of its subsidiaries — Openplay Technologies and Halaplay Technologies — are facing significant GST liability notices totalling nearly Rs 1,120 crore.
3/11
Mahanagar Telephone Nigam Limited (MTNL) | CMP: Rs X | Shares skyrocketed 19 percent to hit a multi-year high at Rs 63.32 on NSE amid heavy volumes. The sharp rally comes after the government deposited Rs 92 crore to clear immediate bond interest dues of the state-owned telecom service provider.
4/11
LTIMindtree | CMP: Rs X | Shares rose 3.5 percent as the Street cheered for a strong start to FY25 after the company reported steady earnings for the April-June quarter. On top of that, the management's positive commentary, hinting at green shoots of recovery, further bolstered sentiment.
Elecon Engineering | CMP: Rs X | Shares sank 17 percent after the Vijay Kedia portfolio stock reported a poor earnings show for the quarter ended June.
6/11
Eicher Motors | CMP: Rs X | Shares fell as much as 3 percent to Rs 4,784 apiece in the morning after a host of brokerages issued bearish calls on the stock following the company's launch of Royal Enfield Guerrilla 450.
7/11
Just Dial | CMP: Rs X | Shares skyrocketed over 11 percent to Rs 1,156 per share following a strong performance in the April-June quarter (Q1FY25), aligning with market expectations.
8/11
IDBI Bank | CMP: Rs X | Shares soared nearly 6 percent to Rs 93 per share after the Reserve Bank of India (RBI) issued a 'fit and proper' report on bidders, advancing the divestment process, according to sources reported by CNBC-Awaaz.
KEC International | CMP: Rs X | Share price gained nearly 4 percent in the early trade after the company secured new orders of Rs 1,100 crore for transmission & distribution (T&D) projects in India, Middle East, Australia and the Americas.
10/11
Newgen Software Technologies | CMP: Rs X | Shares fell nearly 7 percent and hit an intraday low of Rs 976 on the NSE after the company reported a sequential decline in its consolidated net profit and revenue for Q1 FY25.
11/11
Swaraj Engines | CMP: Rs X | Shares rose nearly 12 percent and hit a 52-week high of Rs 3,200 apiece after the company posted strong results for the quarter ended June.
