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Newsmakers of D-Street
Indian equity benchmarks closed with gains on Wednesday, recording their third straight positive close. Buying trends in consumer, financial and metal stocks aided them, though the IT sector dragged markets. While the Nifty settled at 25,819.35, advancing 93.95 points or 0.37%, the 30-share BSE Sensex closed at 83,734.25, gaining 283.29 points or 0.34%.Here are 7 stocks that saw action today:
Image Source: ETMarkets.com
E2E Networks/Netweb Technologies:
Shares of E2E Networks and Netweb Technologies India rocketed up to 20% intraday after announcing collaborations with chip major Nvidia. While E2E's shares settled at Rs 2,887, up 13%, Netweb climbed 9% to close at Rs 3,375.
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Godfrey Phillips India:
Shares of cigarette maker Godfrey Phillips India soared 20% after media reports indicated that companies (Godfrey ITC and VST Industries) have raised prices to pass on higher excise duty hike to consumers. As a result, the expected EBIT decline is now seen at around 2%, compared with earlier estimates of 8–15%. Godfrey shares closed at Rs 2,478.90 on the NSE, today.
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EaseMyTrip:
Shares of Easy Trip Planners have surged 60% in just three sessions buoyed by the company's plans to raise capital up to 500 crore as part of its ongoing strategy to scale key growth areas and reinforce its financial strength. The online travel-tech company, which operates the EaseMyTrip today saw its shares jump 12% to hit Rs 10.60. The stock finally closed at Rs 9.63, up 1.37%.
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Ola Electric:
Shares of Ola Electric Mobility rose 5% to Rs 29.35 on the NSE on Wednesday, rebounding after a sharp 11% decline over the previous four sessions. The recovery followed relief after the Bombay High Court stayed the arrest warrant against CEO Bhavish Aggarwal. However, it conceded most of its gains towards the closing time, finishing the session at Rs 28.25, up 1%.
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Firstcry:
Shares of Brainbees Solutions plunged over 6% to close at Rs 215.50 recording their third straight loss following weak Q3 earnings where the company widened its losses to Rs 28 crore versus 8 crore in the year-ago period. The stock tanked 12% on Tuesday.
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Fractal Analytics:
Even as many tech stocks gained on AI-related developments, shares of Fractal Analytics closed 3% lower at Rs 863.50 after a 9% Tuesday rally. The stock had a lackluster debut on Monday, listing at a 3% discount over the issue price of Rs 900.
Image Source: ETMarkets.com
Hexaware Technologies:
Shares of Hexaware Technologies fell by 4% or Rs 22 to close at Rs 571.75 on the NSE amid selling pressure in most IT stocks. The Nifty IT index fell 1.2% and was among the worst-performing sectors.
Image Source: ETMarkets.com
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