Indian benchmark indices opened the session significantly higher and achieved all-time highs on the bourses, with information technology stocks leading the rally. At 11:00 am, the BSE Sensex surged 0.54%, reaching a level of 71,825. The Nifty 50 index climbed 0.57% to the 21,577 level. On the Sensex, Wipro, Tata Consultancy Services and Reliance Industries were among the top gainers, whereas Axis Bank, Sun Pharmaceutical Industries and ICICI Bank were among the market draggers.
Tips Industries Ltd Shares witnessed a significant surge in trading volume but dropped by 6% to an intraday low of Rs 340 per share on the BSE. After gaining around 105% year-to-date, the shares reached a 52-week high of Rs 398 last month. The company is a well-known leading player in the media and entertainment industry.Today, Tips owns more than 3,500 titles. Since 1981, the company has achieved the highest number of gold and platinum discs compared to any other record label in India.
Landmark Cars Shares saw a remarkable 28-fold increase in trading volume but were trading lower after reaching a 52-week high of Rs 888 on the BSE in the two trading sessions prior. The company stands as a prominent premium automotive retail business in India, boasting dealerships for renowned brands such as Mercedes-Benz, Honda, Jeep, Volkswagen, and Renault. Furthermore, the company is involved in catering to the commercial vehicle retail business of Ashok Leyland in India.
Heritage Foods Shares surged by over 7%, reaching an intraday high of Rs 265.95 on the BSE, accompanied by a tenfold increase in trading volume. The company is engaged in the procurement and processing of milk and milk products, as well as the generation of power through solar and wind for the captive consumption of its dairy plants.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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