Good afternoon,
Markets are trading in the green, with the NIFTY50 above the 19,800 level as of 12 pm. Here are the top stories for the day!
Top gainer: HDFC Life: 644 ▲14 (+2.3%)
Top loser: Tata Motors: 662 ▼ 3 (-0.5%)
CEAT gains on Q2 profit jump
Shares of the tyre manufacturing company are up by 11% intraday. This came after the company reported 25% year-on-year (YoY) growth in net profit to ₹199 crore in Q2 FY24.
JK Paper surges on acquisition
Shares of the paper and packaging solutions firm are up by 1.5% intraday after the company announced that it has acquired 100% stake in Manipal Utility Packaging Solutions Private Limited (MUPSPL).
KEC International rallies on new order
Shares of the engineering and construction firm are up by 5% intraday. The company announced that it has received various orders worth ₹1,315 crore for transmission & distribution projects in India, Middle East, Australia and Americas.
Trident slips on income tax raid
Shares of the diversified textile fabric manufacturer fell by 3% intraday after the income tax department conducted a countrywide raid at the company’s offices. The department stated that these raids are part of an investigation into potential financial irregularities.