Stocks In News: Eicher Motors To Jai Corp. — Top Gainers And Losers
On Thursday, the Nifty Auto index outperformed the Nifty 50, rising over 2%, while the Nifty 50 was up by 0.84%.
A quick check of the trending stocks. Its been a day of sectoral picks by brokerage houses, acquisition reaction, contract news and more.
Here are top trending stocks in news on Thursday:
Eicher Motors ⬆️
Eicher Motors' share price surged by over 7% to a new lifetime high following a strong December sales performance, with total sales reaching 79,466 units, exceeding the estimated 74,500 units. On Thursday, the Nifty Auto index outperformed the Nifty 50, rising over 2%, while the Nifty 50 was up by 0.84%.
Railtel Corporation ⬆️
RailTel Corp of India shares extended their upward momentum for a third consecutive day, rising 6.39% on Thursday. The rally followed the company's announcement of receiving orders worth Rs 78 crore from Bharat Coking Coal Ltd. As per the exchange filing on Monday, RailTel Corp will implement IT-based security infrastructure and provide various services as part of the project.
CSB Bank
CSB Bank Ltd.'s shares surged by over 6% on Thursday following a strong business update, with the bank reporting a 22.17% year-on-year growth in deposits. The bank’s term deposits saw a notable increase of 28.10%, rising from Rs 19,802 crore in December 2023 to Rs 25,365 crore in December 2024.
Gujarat Toolroom ⬆️
Shares of Gujarat Toolroom Ltd. were locked in the upper circuit at 5% on Thursday following the company’s announcement that its Board of Directors will meet on Monday, January 6, to discuss and approve a 5:1 bonus issue. The proposal includes issuing five bonus equity shares for every one equity share held by eligible shareholders, subject to shareholder approval and the capitalisation of the securities premium. The record date for the bonus issue will be announced later.
Jai Corp. ⬇️
Shares of Jai Corp. plummeted by nearly 20% on Thursday following the sale of an industrial land parcel spanning over 5,286 acres to Reliance Industries Ltd. for Rs 2,200 crore. In a related development, Urban Infrastructure Holdings Pvt. Ltd., a company in which Jai Corp. holds a 32% stake, called for an extraordinary general meeting to seek shareholder approval for a capital reduction.
