Top Gainers & Losers: IndusInd Bank and HDFC Life Insurance rise most among blue chip stocks, Infosys dips nearly 3% ahead of Q4 results
Top Gainers & Losers: In a largely subdued session, BSE Sensex went up marginally by 38.23 points or 0.06 per cent to settle at 60,431 and NSE Nifty climbed 15.60 points or 0.09 per cent to finish at 17,828.
Top Gainers & Losers: Benchmark equity indices Sensex and Nifty ended higher for the ninth straight session on Thursday, buoyed by fag-end buying in banking, financial and realty stocks amid encouraging domestic retail inflation data.
Weak trends in IT counters and fall in the overnight US equity markets triggered by fresh concerns over the recession, however, put a check on the market's uptrend.
In a largely subdued session, BSE Sensex went up marginally by 38.23 points or 0.06 per cent to settle at 60,431 and NSE Nifty climbed 15.60 points or 0.09 per cent to finish at 17,828.
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Among the Nifty50 pack, IndusInd Bank, HDFC Life Insurance, Eicher Motors, Apollo Hospitals and Power Grid, were the biggest winners.
Conversely, Infosys, Tech Mahindra, HCL Technologies, NTPC, and Tata Consultancy Services, were among the major laggards.
Shares of Infosys fell by nearly 3 per cent ahead of its quarterly earnings announcement later in the day.
Here's a look at some of the blue-chip stocks that moved the most on Thursday:
IndusInd Bank
Shares of IndusInd Bank ended as the top gainer on Nifty50 and Sensex on Thursday. The stock rose nearly 3 per cent to Rs 1,105 per share on the NSE.
Sharekhan has recommended buying shares of IndusInd Bank for a target price of Rs 1,400 apiece which is an upside of 26.7 per cent.
According to brokerage firm, IndusInd Bank (IIB) has recovered from its past challenges and has been progressing well on guided lines. Strong growth potential from a well-diversified loan book with a rising share of retail loans along with healthy capital ratios gives loan growth visibility.
Pic: NSE
HDFC Life Insurance
HDFC Life Insurance stock was among the top gainers on Nifty50, it climbed nearly 3 per cent to Rs 531.35 per share on the NSE.
Phillip Capital has maintained a ‘buy’ rating on HDFC Life Insurance with a target price of Rs 700 per share which is an upside of 31.7 per cent
The brokerage is positive on the company’s long-term growth prospects.
Pic: NSE
Infosys
Infosys closed as a top loser on Nifty50 on Thursday. The stock declined 3.14 per cent to Rs 1,383.4 per share on the NSE ahead of the Q4 result announcement.
Julius Baer is bullish on Infosys and has given a ‘buy’ call for a target of Rs 1,800 apiece which is an upside of 30.1 per cent.
The brokerage is bullish on Infosys’s industry-leading growth, capabilities around cloud/digital transformation, and healthy deal traction, and also aided by its strategy of offering differentiation/innovation and targeting high-growth areas in consulting and automation.
Pic: NSE
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