9 hrs ago
Indian Stocks Rise as Bajaj Finance, Ola Electric Lead Moves
Indian stock markets were higher during midday trading on September 23.
The Nifty was near 23,460 points, while the Sensex was around 74,950 points.
Bajaj Finance shares rose after two brokerages expressed confidence in the company.
Ola Electric shares jumped nearly 12% for the third day in a row.
The company is opening more partner stores and wants more than 500 dealerships.
Shares of 360 ONE WAM rose after Aashish Agarwal became the group’s chief executive.
Aditya Infotech reached the daily trading limit after announcing a share sale to large investors.
Prime Focus shares fell even though a subsidiary raised $150 million.
Benchmark indices traded higher on September 23, with the Nifty near 23,460 and Sensex around 74,950.
Bajaj Finance rose more than 3% after Jefferies and UBS issued bullish commentary, with Jefferies raising its target price by 25% to Rs 1,280.
Ola Electric surged nearly 12%, extending gains for a third consecutive session and targeting more than 500 dealerships in the next couple of quarters.
360 ONE WAM gained around 4.5% after Aashish Agarwal was appointed chief executive officer of the group.
Aditya Infotech hit a 5% upper circuit, while Prime Focus fell more than 4% after subsidiary Brahma AI Holdings raised $150 million.
- Who
- Bajaj Finance, Ola Electric, 360 ONE WAM, Aditya Infotech and Prime Focus were among the notable stocks; Aashish Agarwal was appointed CEO of 360 ONE WAM.
- What
- Indian benchmark indices traded higher while individual stocks recorded significant gains and losses.
- Where
- Indian stock exchanges, including the NSE.
- When
- September 23, during midday trading.
- Why
- Bajaj Finance gained after positive brokerage commentary; 360 ONE WAM rose after a leadership appointment; Aditya Infotech advanced after opening a qualified institutional placement; and Prime Focus fell after a subsidiary raised capital.
Key facts
- Nifty level
- Around 23,460 points in midday trade
- Sensex level
- Around 74,950 points in midday trade
- Bajaj Finance target
- Jefferies raised its target price by 25% to Rs 1,280
- Ola Electric move
- Nearly 12% higher intraday
- 360 ONE WAM move
- Around 4.5% higher intraday
- Aditya Infotech move
- Locked at a 5% upper circuit on NSE
- Brahma AI Holdings funding
- Raised $150 million through equity issuances
Sources
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