Indian equity indices ended on a strong note with Nifty around 25,450 on September 19 led by bank, FMCG and realty names. NTPC, Nestle India, Maruti Suzuki, Bharti Airtel and HUL were among the top gainers on the Nifty, while losers included BPCL, Adani Ports, Shriram Finance, ONGC and HCL Tech.
2/11
Neogen Chemicals | CMP: Rs 2,174 | The stock rallied 14 percent amid a volume spurt. Around 1.8 million shares were exchanged on BSE and NSE in intra-day deals, exceeding the 1-week average of 0.1 million equity shares. With today's rise, the stock has extended its rally to 41 percent in the past five days, outperforming benchmark Nifty 50's 0.5 percent rise.
3/11
KPR Mill | CMP: Rs 942 | The stock zoomed over 9 percent on heavy volumes. Around 3.6 million shares were exchanged on BSE and NSE in intra-day deals, exceeding the 1-week average of 0.3 million equity shares.
4/11
Info Edge | CMP Rs 7,877 | Shares surged 1.7 percent during the session after Bank of America (BofA) upgraded the stock to 'buy' from 'underperform' translating to a double upgrade amid robust growth prospects. The brokerage firm suggests that Info Edge has a 70 percent market share, a dominant position, and there are no disruption risks.
IREDA | CMP: Rs 230.20 | Indian Renewable Energy Development Agency shares jumped 1.24 percent after DIPAM gave its thumbs up for IREDA to raise up to Rs 4,500 crore in a fresh equity share issue through a Qualified Institutional Placement (QIP).
6/11
DCX Systems | CMP Rs 344.45 | Shares gained 1.7 percent after the company announced it has received an export order from Israel's Elta System worth Rs 154.80 crore. In a regulatory filing to the exchanges, DCX Systems said that the order is related to the supply of RF Electronic Modules and is expected to be completed within 12 months.
7/11
Exide Industries | CMP: Rs 462.50 | Shares fell 2 percent after Citi Research cut the company's target price to Rs 560 from Rs 610 while maintaining its 'Buy' rating. The adjustment was driven by sluggish auto (original equipment manufacturer) OEM volumes, which could moderately impact the company's revenue growth.
8/11
ONGC | CMP: Rs 286.50 | Shares fell 1.3 percent after HSBC downgraded the stock to a 'Reduce' due to falling oil prices and its impact on the company's future project viability. The brokerage set a target price of Rs 235 for ONGC which implies a downside of nearly 18 percent from the stock's current market price.
HCL Tech | CMP: Rs 1,741.8 | The stock fell 0.8 percent. As IT major HCL Technologies saw its counter zoom 22 percent in three months, Kotak Institutional Equities downgraded the information technology player to 'reduce' from 'add'. The stock trades at full valuations at 26X FY2026E earnings.
10/11
Vodafone Idea | CMP: Rs 10.44 | Vodafone Idea faced selling pressure falling 19 percent as the Supreme Court rejected telecommunication companies' plea for the re-computation of adjusted gross revenue (AGR) dues. According to IIFL Securities, the cash flow situation for Vodafone Idea is expected to become more challenging without relief from the court.
11/11
Bajaj Housing Finance | CMP: Rs 160.59 | The stock extended its decline for a second consecutive session, dropping around 7.5 percent as investors booked profits after it hit a 52-week high.
