Stocks In News: Eicher Motors To Jai Corp. — Top Gainers And Losers
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.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
