Top 5 stocks of the day: Information technology and the banking sector had significant gains, but pharma was under selling pressure. Punjab & Sind, Bank of mah, IOB, SBI, Titan Company and Reliance are the major gainers today. The Nifty Midcap 100 index performed worse than the Nifty 50 overall, although it still finished up. The Nifty Smallcapindex finished in the black as well.
Top 5 stocks of the day: Sensex and NSE Nifty50
The session’s benchmark indices, with Nifty hovering around 17,750, closed close to the day’s high. The Nifty increased 119.40 points or 0.68 percent to 17,743.40, and the Sensex finished 401.04 points or 0.67 percent higher at 60,056.10. A total of 159 shares were unchanged, 1,847 shares fell, and 1,643 shares rose.
NIFTY PSU BANK Top Stock Gainers
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Punjab & Sind | 31.75 | 3.59 | 4.66m |
| Bank of Mah | 28.70 | 3.05 | 10.92m |
| UCO Bank | 26.85 | 2.09 | 9.46m |
| Canara Bank | 300.30 | 1.69 | 4.42m |
| Bank of India | 78.45 | 1.69 | 4.92m |
| Indian Bank | 307.30 | 1.67 | 728.49k |
| SBI | 551.30 | 1.5 | 14.50m |
| IOB | 23.70 | 1.5 | 4.94m |
| PNB | 48.80 | 1.14 | 16.40m |
| Bank of Baroda | 178.40 | 1.11 | 6.92m |
Top 5 stocks of the day: Goldman Sachs View on ICICI Bank
The stock continues to have a ‘buy’ rating from Goldman Sachs, with a target price of Rs 1,100 per share. A strong pre-provision operating profit to return on assets (PPOP-ROA) and consistent operational performance from the bank are projected to support further market share growth.
It thinks that in FY24E/FY25E, core PPOP growth may slow down. This was one of the factors that led to the recent removal of ICICI Bank from its Conviction List, despite the stock still being a buy. On the BSE, ICICI Bank was trading at Rs 904, up Rs 19.80 or 2.24 percent.
Maruti Suzuki launches Fronx SUV starting at Rs 7.46 lakh
With a starting price of Rs 7,46,500, Maruti Suzuki India begins retail sales of the FRONX, a new sporty compact SUV.
The FRONX, which was globally introduced at Auto Expo’23, has NEXA’s distinctive “Crafted Futurism” design aesthetic. Both customers and critics have praised its new-age SUV appeal for both its design and performance. Maruti Suzuki India’s share price was 8,475.00 rupees, down 82.80 rupees or 0.97 percent.
Disclaimer: (This piece of information is purely informational. It is important to note that offers, discounts, and/ or any other scheme/ information/ statistics must be personally verified by the readers from the respective sources. Readers are advised to invest or purchase solely at their own risk. DNP News Network Private Limited, website or the writer doesn’t validate the offers in any context. We will not be liable for any financial or other losses.)
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER.
