Markets at Noon: Nifty and Sensex Edge Higher, NBCC and SpiceJet in Focus
Indian stock markets are trading in the green at midday, with Nifty 50 up 0.37% and BSE Sensex up 0.35%. Key stocks making headlines include NBCC with new work orders, SpiceJet's stake acquisition by Irish aviation companies, and Godawari Power's expansion in energy storage. Jubilant FoodWorks reported strong revenue growth, while Max Healthcare announced significant capacity expansion plans. Tata Steel showed improved quarterly performance, and LG Electronics received an 'Overweight' rating from Morgan Stanley.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are showing positive momentum at midday, with both the Nifty 50 and BSE Sensex trading in the green.
| Index | Current Price | Change | % Change |
|---|---|---|---|
| Nifty 50 | 26,148.20 | 95.55 | 0.37% |
| BSE Sensex | 85,488.79 | 302.32 | 0.35% |
Buzzing Stocks
Several stocks are making headlines in today's trading session:
NBCC: The company has secured new work orders worth ₹2,966.10 crore from Nagpur Metropolitan Region Development Authority (NMRDA) for the development of Naveen Nagpur Phase-1.
SpiceJet: Nine Ireland-based aviation companies led by SASOF entities acquired a 6.86% stake in SpiceJet through preferential allotment, increasing the airline's equity share capital.
Godawari Power And Ispat: The company received an allotment of ₹124.95 crore preference shares in Godawari New Energy Pvt Ltd for a 10 GWh Battery Energy Storage System (BESS) project expansion.
Jubilant FoodWorks: The company reported a 19.7% year-on-year growth in consolidated revenue for Q2, driven by robust like-for-like growth in its Domino's India and Turkey businesses.
Max Healthcare: The company announced plans to expand its capacity by adding over 8,300 beds, with approximately 4,800 beds to be added within the next 3-4 years.
Tata Steel: The company reported improved quarterly performance with an 8% QoQ increase in crude steel production and expanded EBITDA margins despite pricing pressures.
LG Electronics: Morgan Stanley initiated coverage on the stock with an 'Overweight' rating and a price target of ₹1,920.
Conclusion
As the markets continue to trade higher at midday, investors are closely watching the performance of key stocks across various sectors. The positive momentum in infrastructure, aviation, and consumer-focused companies suggests a broad-based market sentiment.
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