Top gainer: HDFC Bank 1,663 ▲ 24 (+1.4%)
Top loser: Eicher Motors 4,733 ▼ 235 (-4.7%)
Adani Wilmar stock jumps 5% after flagship firm demerges food-FMCG business
Adani Wilmar shares jumped 5% on Friday in the morning trade after the group’s flagship firm Adani Enterprises announced that it will demerge its food-FMCG division and also its strategic investments in Adani Commodities LLP to edible oil major. The company’s scrip climbed 4.82% to trade at ₹365.15 apiece on the National Stock Exchange (NSE). On the BSE, shares of Adani Wilmar rallied 4.61% to ₹364.25 per piece. Read more
Eicher Motors shares slip 4% post July sales data
Shares of Eicher Motors, the parent company of Royal Enfield motorcycles, declined as much as 4% to ₹4768.45 apiece on the BSE on Friday, August 2, as the company’s sales figures for July disappointed investors. The company stated that it witnessed a 12% year-on-year (YoY) fall in the sales of motorcycle models with engine capacity up to 350 cc at 56,590 units in July 2024 against 64,398 units in the corresponding month last year. Read more
Zomato shares rally 19% on robust Q1 results, steers against market mood
Zomato Ltd shares rallied 19.05% in early trade on Friday, scaling a new 52-week high of ₹278.7 per piece on the National Stock Exchange (NSE), as markets cheered on its strong financial results for the quarter ended June 30, 2024. The stock rose sharply against the overall Street mood as benchmark indices NIFTY50 and SENSEX slashed 1% each in the morning trade. Read more