Hot stocks on December 14: IREDA, Adani Total Gas, YES Bank, Tata Power and more
Produced by: Aseem ThapliyalDesigned by: Mohsin Shaikh
Sensex, Nifty trading higher
The domestic equity market was trading higher on Thursday. Sensex rose 843 points to 70,428 and Nifty gained 233 pts to 21,159.
Dovish message from Fed will spark Santa Claus rally
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "The clear dovish message from the Fed yesterday has set the stage for a smart Santa Claus rally in the coming days, and this can even trigger a pre-election rally that can take the markets to a series of new highs.The takeaway from the Fed message yesterday is that the tightening cycle is over and three rate cuts are possible in 2024. The market expects four. The record breaking rally in the Dow will send many indices to new records.”
Shares of YES Bank rose over 4% to Rs 22.09 on BSE. The market cap of YES Bank zoomed to Rs 62,350 crore. In the afternoon session, a total of 462.31 lakh shares of the firm changed hands amounting to a high turnover of Rs 100.35 crore on BSE.
Shares of Tata Power Co Ltd hit a record high today. Tata Power stock hit an all-time high of Rs 341.30. The market cap of Tata Power zoomed to Rs 1.07 lakh crore. In the afternoon session, a total of 5.14 lakh shares of the firm changed hands amounting to a high turnover of Rs 17.39 crore on BSE.
Shares of IREDA zoomed 10% to Rs 123.37 today. The market cap of IREDA climbed to Rs 31,634 crore. In the afternoon session, a total of 281.15 lakh shares of the firm changed hands amounting to a high turnover of Rs 336.14 crore on BSE.
Shares of HUDCO rose over 18% to a fresh 52 week high of Rs 118.75 today. Market cap of the firm rose to Rs 23,402 crore on BSE. The stock was the top gainer on BSE. Total 86.21 lakh shares of the firm changed hands amounting to a high turnover of Rs 95.78 crore on BSE.
Adani Total Gas
Shares of Adani Total Gas zoomed 7.59% to Rs 1080 in Thursday’s trade. Market cap of the firm rose to Rs 1.15 lakh crore.
Adani Energy Solutions
Shares of Adani Energy Solutions gained 6.24% to Rs 1095 on BSE. Market cap of the firm rose to Rs 1.18 lakh crore. Total 0.84 lakh shares of the firm changed hands amounting to a turnover of Rs 9 crore on BSE.
Shares of multibagger Sonata Software hit a fresh record high today. The IT stock, which turned ex-bonus on December 12, zoomed 11.11% to a high of Rs 803.55 against the previous close of Rs 723.15 on BSE. Total 0.91 lakh shares of the firm changed hands amounting to a turnover of Rs 7.14 crore on BSE. Market cap of the firm climbed to Rs 21,819 crore on BSE.
Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position.
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