Today’s top morning headlines - 3rd May 2024

Good evening

Top gainer: Coal India :469 ▲ 15 (+3.5%)
Top losers: Maruti : 12,446 ▼ 358 (-2.8%)

:star: MOIL The stock price hit a fresh 52-week high
The shares of MOIL on Friday hit a fresh 52-week high of ₹463.50 as the company posted its best-ever April production since inception. MOIL registered production of 1.60 lakh tonnes in April 2024, registering a significant growth of 22% over April 2023.

:star:Pharma rallied 14% on robust Q4 numbers and ambitious buyback plan
Shares of Ajanta Pharma Hit a fresh 52-week high on Friday of ₹2,540 per share on NSE. The stock is currently trading with gains of about 7%, which is the sharpest single-day rise in the last couple of months. The stock is seeing interest after announcing the buyback plan. Through the buyback, Ajanta Pharma will repurchase up to 10.28 lakh equity shares and the buyback price is fixed at ₹2,770. The company will spend ₹285 crore to carry out the share buyback. The market capitalisation of the stock crossed a milestone of ₹30,000 crore on Friday.

:star: NMDC shares rises 4% to fresh high of ₹268.90
The stock of NMDCwas trading higher by about 3.7% on Friday, and the share price touched its 52-week high of ₹268.90. The stock opened almost unchanged on Friday and as the day progressed bucked the trend to touch its 52-week high.