Apollo Hospital (+2%), Tech Mahindra (+1%) and more
Nifty snap 8-day gaining streak, broader index outperforms.
Apollo Hospital (+2%) rose after the hospital’s board approved the issue of non-convertible debentures of Rs 105 cr. Tech Mahindra (+1%) rose after the company signed an MoU to set up global delivery center in Egypt.
Nifty Auto (-1%) rose due to poor performance of Eicher Motors, Maruti Suzuki and M&M. Nifty FMCG (-1%) plunged due to weak performance of Nestle and ITC.
News of The Day
1.Yes Bank (+2%) rose after Carlyle Group and Advent International got the RBI nod to own a combined 20% stake in the private sector lender. (Economic Times)
2. NLC India (+5%) rose after the company signed an MoU with Grid Corporation of Odisha. (Economic Times)
3.Amara Raja Batteries (+1%) rose after the company announced its plan to invest Rs 9,500 cr for battery manufacturing and research and development in Telangana. (Economic Times)
4.Ashoka Buildcon (+1%) rose after the company received LoA for EPC project Rs 1669 cr. (Business Standard)
5.Zydus lifesciences (+1%) rose after the company got USFDA nod for generic drug. (Devdiscourse)
Expert of The Day
$300 Bn Electronic Manufacturing Sector by 2026!
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