Six Stocks In News At Noon: M&M, Infosys, KEI Industries, Coal India, HDFC Bank

Indian markets opened in the green on Monday, after posting the worst monthly losing streak on Friday. However, Nifty and Sensex have erased gains with Mahindra & Mahindra Ltd., Infosys Ltd. and KEI Industries Ltd. among few of the buzzing stocks on Friday.

Shares of Mahindra and Mahindra rose over 4.29% on Monday, after it reported a 1% year-on-year rise in total auto sales, at 83,702 units in February. This compared to sales of 72,923 units in the same month last year.

Infosys Ltd. saw its share price rise over 2% on Monday, as Nifty IT steadied after seeing the worst weekly fall since March 2020, as headwinds for the industry triggered sharp cuts in share prices. It was trading nearly 1.68% higher by 12:19 a.m.

KEI Industries shares rose over 5% on Friday extending gains for the second day. It was trading 1.50% higher at Rs 3,114.45 apiece, compared to a 0.28% decline in the benchmark Nifty 50 as of 12:21 a.m.

Shares of Coal India Ltd. fell over 4.59% on Monday, as February production fell 0.9% in comparison to the same period last year. The dip has raised concerns despite an overall production growth for this financial year.

HDFC Bank Ltd. stock fell nearly 2% on Monday and was dragging the Nifty 50 the most. The shares were trading 1.41% lower at Rs 1,707.95 per share as of 12:26 p.m.

Shares of International Gemological Institute Ltd. fell as much as 10% to Rs 366.25 apiece to be locked in lower circuit on Monday. This is the lowest level since its listing in 2024.