stocks to buy: Gainers & Losers: IRCTC among top 7 stocks that hogged limelight on D-St today – Newsmakers of D-St

By Petra Löwer On Aug 29, 2022

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stocks to buy: Gainers & Losers: IRCTC among top 7 stocks that hogged limelight on D-St today – Newsmakers of D-St | The Economic Times

29 Aug 2022, 04:28 PM IST

In the aftermath of US Fed Chair Jerome Powell’s hawkish tone during the Jackson Hole symposium, Sensex lost over 860 points on Monday to end below the 58,000 mark. Nifty IT was the biggest sectoral loser, followed by media and bank stocks. FMCG stocks managed to survive the onslaught. Here are a handful of stocks that were in focus today:

iStock

Shares of both Bharti Airtel and Vodafone Idea were under pressure today. Airtel stock ended 1.3 per cent lower at Rs 720.90 while Vodafone Idea declined 2.7 per cent to Rs 8.89 amid Reliance Jio’s announcement to start 5G services by Diwali.

Agencies

Piramal Enterprises stock ended 2.15 per cent lower at Rs 1,935.10. The stock will trade ex-demerger from Tuesday. Piramal Enterprises has secured the approval of the National Company Law Tribunal (NCLT) for the demerger of its pharmaceutical business and the simplification of its corporate structure.

Agencies

Aurobindo Pharma ended 1.65 per cent lower at Rs 540.80 as USFDA issued ‘Form 483’ to a unit of its US arm.

iStock

NDTV stock continued to rally for the fifth consecutive day and was locked in the 5 per cent upper circuit at Rs 445. Gautam Adani Group has launched a takeover bid to acquire a majority stake in the media company.

IANS

IRCTC shares ended nearly 4 per cent lower at Rs 691.75 after the company said it has withdrawn e-tender for data monetisation plan.

Nelco shares ended 10 per cent higher at Rs 942.30. The satellite company and broadband services firm had announced a partnership with Intelsat to provide connectivity services during the flights in the Indian skies.

ET Bureau & Agencies

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