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In the Nifty50 index, 33 stocks were trading in the green, while 17 stocks were in the red.
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GR Infraprojects shares jumped over 12% to Rs 1,054 after securing a Rs 4,262.78 crore highway project from NHAI. The project includes the construction of the Agra-Gwalior Greenfield Road, spanning Uttar Pradesh, Rajasthan, and Madhya Pradesh. Scheduled for completion in 910 days, the project will follow the DBFOT (Toll) model under the NH(O) scheme.
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India’s IT sector experienced nearly a 2% decline, influenced by a significant drop in U.S. technology stocks. All major Indian IT companies saw their shares fall, with TCS and Infosys among the hardest hit. Citi Research remains cautious on the sector, citing high valuations and macroeconomic uncertainties.
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Axis Securities recommends buying Orient Cement shares with a target price of Rs 389. The stock, currently priced at Rs 346.65, has shown strong bullish trends and is trading above key moving averages. The company’s financials are improving, and an uptrend is expected within 3 to 4 weeks. Promoters hold 37.86% of shares.
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