The benchmark indices on Monday follow the upward rally as Sensex jumps over 300 points and Nifty hitting the 11k mark on July 20 with some of the major stocks in news like Hdfc Bank and Britannia is share markets today.
Stocks In News in Mid-Session:
1)HDFC BANK
The stock surged 5% after posting their Q1 results with positive figures and gains in the Banking sector. The share price was at day’s high of Rs 1152.90 up by almost 5% on Monday after the bank’s profit jumped by 20% to Rs 6658.6 Crore in Q1 and loan growth lifts NII by 18% on July 18 when they posted their results for the quarter ended June 2020.
2)Britannia
The stock price on Monday was among the top gainers on the Nifty side after surging nearly 5% taking the stock price at day’s high of 3985 also reaching the 52-Week high mark on Monday. The company posted their standalone June 2020 net sales at 3219.88 Crore which is up by 24.83% Y-o-Y and consolidated net sales at 3420.67 Crore up by 26.68% Y-o-Y.
3)M&M Financial
The stock price surged over 10% on Monday with the stock price at day’s high of Rs 231.70 after the company posted Rs 156 Crore profit in April-June the overall profit jumps over 300% in Q1. The stock was the top gainer on the Nifty side in the Mid-Session on Monday.
4) Vodafone Idea
The company’s stock was up over 8% on Monday with the day’s high at Rs 9.70 after the previous close of 8.90. The stock was in news before the pre trading session as well because the company has paid Rs 1000 crore in AGR dues ahead of SC hearing regarding the same.