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Granules India stock rose for the sixth consecutive session, and is now on track for its longest winning streak since February 2020. On Friday, the shares rose as much as 3.5% to Rs 345 apiece.
Oberoi Realty shares rose as much as 2.7% to Rs 652.5 apiece, extending its winning streak to six straight sessions -- the longest stretch of gains since June 2020. Oberoi Realty has gained 7.1% during the streak compared with the Sensex's 0.7% fall.
Zee Media Corp. surged 6.9% to Rs 13.3 apiece, it's biggest intraday gain in nearly two months. The stock has clocked gains for six days in a row, and is on track to post its longest winning streak since June 2020.
Marico’s India business delivered 30% plus revenue growth, backed by a robust double-digit volume growth in the April-June period, the company said in an exchange filing.
Here's are the other highlights from Marico's quarterly update:
The International business posted constant currency growth in the low 20’s.
Key input costs started easing after peaking at the start of this quarter.
Operating margin in the quarter will drop sharply on a year-on-year basis, due to exceptionally high base.
Marico expects muted bottom line growth as operating margin was impacted in April-June.
Seeing improving demand trends, as the second wave appears to be receding
The research firm said Adani Ports' stock price is currently attractive as it has declined over 15% from June 11 to June 30 after adverse media reports regarding the freezing of the accounts of three foreign funds which together owned over Rs 43,500 crore worth of shares in four Adani Group companies.
Read Nomura's rationale here.
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Happiest Minds Technologies shares rallied as much as 9.7%. Trading volume was 11 times the average for this time of day, according to Bloomberg. The stock extended its winning streak to seven sessions.
Linde India shares jumped as much as 5% to the highest level in more than 7 weeks. The stock is now on a three-day winning streak. Shares of the Kolkata-based oxygen manufacturer has rallied nearly 80% so far in 2021.
JB Chemicals & Pharmaceuticals stock rose as much as 5.9%. Trading volume was five times the average for this time of day, according to Bloomberg.
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Indian stock markets opened flat, in line with cues from Asian peers.
The NSE Nifty 50 index opened largely unchanged around the 15,700 mark, while the S&P BSE Sensex index traded around the 52,200 level. Automotive and energy stocks were the top gainers at opening bell with Hero Moto and Oil & Natural Gas Corp. leading the charge. Metal stocks like JSW Steel and Tata Steel, and information technology majors Infosys and Tata Steel were the top losers in early trade.
The market breadth was skewed in favour of gainers, with over 1,200 stocks advancing versus 500 declining, as per data available on the NSE.
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