The average trading volumes at the counter jumped over eight-fold, with a combined 18.6 million shares representing 1.3% of total equity of IHCL changing hands on the NSE and BSE till 01:45 PM.
Analysts remain optimistic about the medium-term outlook for the life insurance sector, and expect Retail APE to grow ~12-13 per cent during FY25E.
The market price of the country's most-valued-company in terms of market capitalisation was down 5% in past two trading days and slipped 6% from its record high level of Rs 3,217.90 touched on July 8.
Tata Teleservices (Maharashtra) hit a 20-month high of Rs 111.48, surging 14% amid heavy volumes in intra-day trade on Friday despite weakness in the broader market.
ITC rose 2% to Rs 479.35, quoting higher for the sixth straight trading day, and was 4% shy from its record high level of Rs 499.60 touched on July 24, 2023.
Shares of Tinna Rubber and Infrastructure were locked in the 5 per cent lower circuit at Rs 1,658.85 in Thursday's intra-day deals on the BSE.
India Cements stock hit a new high of Rs 343.85, surging 6% in an otherwise volatile market. The stock has zoomed 50% since June 25.
The cash balance now stands at around 55 per cent of the market capitalisation of the company, and it is yet to decide on the utilisation/distribution of its cash balance, as per analysts at ICICI Sec
According to media reports, domestic tyre companies have undertaken a price hike in response to a rise in key raw material prices (primarily natural rubber).
Shares of Hariyana Ship Breakers were locked in the upper circuit for the fourth straight trading day, up 10% at Rs 222.90, also its record high on Tuesday.
Higher sugar realization and better feedstock mix within the distillery segment should improve profitability in H1FY25 even as volume may be lower, believe analysts at Elara Capital.
In the past 13 trading days, Styrenix Performance surged 39% after the promoter Shiva Performance Materials sold 2.9 million shares representing 16.49% stake on June 27, by way of market sale.
In the past one year, ONGC share price has outperformed the market by surging nearly 90 per cent as against 21 per cent rally in the benchmark index
Shares of Godfrey Philips India, a flagship company of KK Modi Group, hit a record high of Rs 4,785.5 as they surged 17.8 per cent on the BSE on Monday
Zomato stock outlook: In the past one week, Zomato stock price has outperformed the market by surging 12 per cent as against 1 per cent rise in the benchmark index
In the past one year, the stock has zoomed 89 per cent, as compared to 21 per cent rally in the BSE Sensex.
In the past one month, the stock price of OIL has appreciated by 36 per cent, while, thus far in the calendar year 2024, the stock has zoomed 141 per cent.
In the past one month, the stock of telecom service provider for Indian Railways has rallied 47 per cent after winning multiple orders worth Rs 161 crore.
Ireda stock hit a new high, crossing the Rs 300-mark for the first time. Ireda stock has surged 23% in two days ahead of Q1 results
At 11:50 am; with Rs 1.33 trillion market cap, RVNL was trading 4.5% higher at Rs 638.25 on the BSE, while, BPCL and PNB's market cap stood at nearly Rs 1.32 trillion, data shows