Six Stocks In News At Noon: TCS, Tata Steel, Zomato, Among Others
Here are the stocks that moved the most in Friday's trading session.
Benchmark indices Sensex and Nifty opened with gains on Friday and were trading over 2%. As of 12:10 p.m., the Nifty 50 was up at 22,886, and the Sensex was up at 75,350. Here are the stocks that moved the most.
TCS
Tata Consultancy Services Ltd.'s share price declined 1.11% as the IT major reported a decrease in its net profit for the January–March quarter of fiscal 2025, against expectations of an increase. The company's net profit fell 1.26% to Rs 12,224 crore compared to Rs 12,766 crore estimated by Bloomberg.
Tata Steel
Tata Steel Ltd.'s share price rose nearly 6% in Friday's session as the company's Netherlands subsidiary announced transformation programmes to improve its competitiveness. Tata Steel Netherlands has submitted a request to the Central Works Council for advice regarding the transformation plan.
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Zomato
Zomato Ltd.'s share price jumped 3.32% on Friday following the announcement that its inactive Netherlands subsidiary, Zomato Netherlands B.V., had initiated liquidation.
NBCC
The shares of NBCC India Ltd. rose 3.67% to over a two-month high on Friday after it sold residential units worth Rs 1,504.7 crore. The company sold 1,185 residential units at Aspire Dream Valley, Phase III, through an e-auction.
HDFC Bank
HDFC Bank Ltd. was the biggest point contributor to Nifty 50, as the stock added 82.33 points after it rose nearly 3% in Friday's trade.
Hindalco
Hindalco Industries Ltd.'s share price rose 6.5% as the Nifty Metal index surged to be the top gainer in terms of sectoral indices, with the index gaining 4.47%.
