The Indian markets were on the positive run on Wednesday backed by the global cues and strong action in IT and Banking sector. Wipro, Reliance, Eveready were some of the top stocks in news in the pre trade session on Wednesday morning.
Here are the Top stocks in news on Wednesday:
1)Wipro
The stock surged over 15% on July 15 post quarter results. The company consolidated June 2020 Net sales at 14,922.80 Crore which was up by 0.93% Y-o-Y. The share price was at day’s high of 268.70 nearing the 52-week high of 276.15. Previously on Tuesday the stock closed at 225.00 jumping over 40 points on Wednesday morning.
2)Infosys
The IT company on Wednesday hit the 52-Week high mark at Rs 848.45 after opening at Rs 799.The company’s shares jumped over 7% ahead of Q1 results on July 15. Earlier, Vanguard announced a partnership with the company as part of its ongoing strategy to enhance and evolve its DC Business.
3)Hathway Cable
The entertainment company surged over 13% on Wednesday taking the share price to the 52-week high mark of Rs 49.80 after opening at Rs 45.00 which is 5 Rs higher than the previous close. The company is likely to post it’s Q1 results today by the end of the day.
4) Axis Bank
The Banking sectors on Wednesday contributed to a strong support to the stock markets. Axis Bank’s share price was at day’s high of 440.00 up by nearly 5% or 20 points. Earlier the share price closed at 417.60 on Tuesday as the banking sectors dipped and resulted positive the other day showing strong signs of recovery.