Today’s top morning headlines - 4th April 2024

Good afternoon

Top gainer: HDFC Bank :1527 ▲ 45 (+3.0%)
Top losers:ONGC : 270 ▼ 5.2 (-1.9%)

:star: HDFC Bank rallies on robust Q4FY24 business updates
India’s largest private sector lender, HDFC Bank, reported robust business growth for Q4FY24 and FY24. The shares of HDFC Bank rose nearly 3% following the business update on Thursday

:star:Vedanta hits 52-week high
Vedanta shares hit an intraday high of ₹312.50, up 4.5%, on the NSE. In Q4 FY24, the aluminium production at Vedanta’s Lanjigarh refinery stood at 484,000 tonnes, reflecting an 18% increase year-on-year (YoY) and 3% quarter-on-quarter (QoQ). Vedanta shares made 52 week high of ₹312 apiece on the NSE.

:star: KEC International shares rally more than 13% on receiving orders worth ₹816 crore
The RPG Group company has received contracts for civil works in industrial sectors, transmission and distribution and cable businesses. KEC International’s total order inflow in FY24 stands at ₹18,102 crore. Shares of KEC international rallied nearly 15% intraday but later gave up some gains to currently trade 6% higher on the NSE.

:star: GE Power India bags contracts worth ₹775 crore from Jaiprakash Power Ventures
GE Power India bags contracts from Jaiprakash Power Ventures worth ₹775 crore pertaining to the supply, transportation, erection and commissioning of Nigrie Super Thermal Power Plant and Bina Thermal Power Plant. Following this shares are currently trading nearly 6% higher on the NSE.