ID-Street Newsmakers: Mazagon Dock Shipbuilders, TCI Express, Federal Bank, Indian Hotels among 7 outstanding stocks today
As volatility eased and Indian stocks saw gains after seven sessions of losses, here are the stocks that stood out today:
Mazagon Dock Shipbuilders: According to sources, the defense PSU may get a huge profit from the Indian Navy in about 6 months. The multibagger’s stock ended over 2 percent higher at Rs 4,070 per share.
TCI Express: After HDFC Mutual Fund added to its position in the stock, the scrip ended 0.05 percent higher at Rs 831.6 per share.
Indian Hotels: After Jefferies remained bullish on the Tata group company, its stock rose 2 percent to close at Rs 751.05. The company also announced its ‘Accelerate 2030’ strategy. The stock marked an all-time high of Rs 760.75 per share in trade today.
Bharat Forge: Shares of the Kalyani group company ended 1 percent higher at Rs 1,316.2 per share after the company bagged an Advanced Towed Artillery Gun System (ATAGS) contract with the Ministry of Defence, Government of India.
Federal Bank: Among various shares of the private sector lender touched a fresh 52-week high of Rs 210.5 per share. The stock ended 3 percent higher at Rs 206.2 per share.
LTMindtree: The company’s scrip settled nearly 1 percent higher at Rs 5,886.65 per share as the IT services and consulting firm announced a contract extension with Nexi Group, a leading European PayTech provider.
NTPC: After the IPO subsidiary opened for public subscription, the stock ended with a tad gain at Rs 367. Also, the company entered into a JV with ONGC to explore renewable energy projects in India and overseas.
