The markets are on a high today. The Sensex is now up 300 points in intra-day trade today. The Nifty too is hovering around 24,900. However, the small and midcaps are muted in today’s trade.
However, there are some big movers and shakers in the afternoon trade. Here is a look at 5 buzzing stocks at this hour –
Infosys
The share price of Infosys surged as much as 3.68% to Rs 1,485.70 on the National Stock Exchange, after the company said that its board would consider a proposal for buyback of fully paid-up equity shares later this week. Infosys’ board of directors will meet on September 11 to consider a proposal for the buyback of fully paid-up equity shares.
Raymond Lifestyle
Raymond Lifestyle share price rose 7.7% to an intra-day high of Rs 1,322.90 on the National Stock Exchange. The stock has given a return of 7.3% in the last five trading sessions. The stock has surged 18% in the past one month and 20% in the last six months. However, the stock has erased 50% of investors’ wealth in the last one year.
Tata Communications
The share price of Tata Communications has risen 4.3% to an intra-day high of Rs 1,614.40 on the National Stock Exchange. The uptick in the stock price came after Tata Communications announced a new strategic collaboration with Cisco to work jointly on eSIM technology to simplify IoT deployments of enterprises. As enterprises expand IoT operations, the management of large fleets of devices – from connected vehicles to industrial sensors – poses persistent hurdles.
RailTel Corporation
The RailTel Corporation share price surged 4.7% to the day’s high of Rs 362 on BSE. The rise in the share price came after the company secured multiple work orders from the Bihar Education Project Council (BEPC), with a cumulative value of Rs 713.52 crore. The contracts have been awarded by the State Project Director (SPD), Bihar Education Project Council, and are all domestic in nature, focusing on the supply and installation of digital learning solutions across various tiers of government schools in Bihar.
OLA Electric
Ola Electric Mobility’s share price increased 2.88% to touch a high of Rs 61.90. The share price of EV giant has risen 54% in the last one month. However, BSE has sought clarification from the company with reference to a media report titled “Ola Electric’s financial controls under scrutiny as auditor flags material weakness in inventory controls.”