Gainers & Losers: Tata Chemicals among 6 stocks that hogged limelight today
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Newsmakers of D-Street
Weighed down by weak global cues, Indian equities tumbled for the seventh straight session, with Nifty50 ending near 16,800 levels. Broader markets, however, saw resilience with Nifty Midcap 100 ending the session higher by 0.4%. Sectorally, auto, financial services, IT and private bank indices ended in the red. Here are six stocks that were in the news today:
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Tata Chemicals
Shares of Tata Chemicals ended the trading session with gains of over 4% at Rs 1,093 after global brokerage Morgan Stanley upgraded the stock to ‘overweight’.
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ITI
Shares of telecom equipment company ended with a drag of around 5% at Rs 106.85 after the company’s board approved allotment of 77,33,204 equity shares to the President of India.
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The Ramco Cements
Shares of the midcap cement player, after gaining over 2% intra-day, ended higher by close to 1% at Rs 749.1 per share. The company commissioned its fifth integrated cement plant at Kurnool District, Andhra Pradesh.
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Bajaj Electricals
Shares of Bajaj Electricals ended with gains of over 4% at Rs 1136.35 per share after the domestic appliances company approved its merger with Nirlep Appliances.
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Hindustan Copper
Shares of Hindustan Copper ended higher by over 2% at Rs 103.05 after the shareholders approved dividend payment of 23.2% on the company’s paid up capital.
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Supriya Lifescience
Shares of the pharmaceuticals major, after gaining over 5% intraday, ended the session with gains of over 0.5% at Rs 298. The company has received a certification of suitability for Diphenhydramine Hydrochloride, API from the EDQM.