The market has moved up in Monday’s trade, and so are some stocks buzzing. The Sensex is now up nearly 490 points in intra-day trade today. The Nifty too is back above the 25,000 mark. The small and midcaps, too, are seeing significant buying.
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 has risen 3.4% to an intra-day high of Rs 1,538 on the National Stock Exchange. Most of the IT stocks are buzzing today after the US Federal Reserve Chairman Jerome Powell indicated a rate cut in his Jackson Hole Symposium speech. However, the share price of Infosys has fallen 18% year to date.
Vodafone Idea
Vodafone Idea’s stock price has increased 7.5% to an intra-day high of Rs 7.60 on the National Stock Exchange. The uptick in the share price of the telecom operator follows reports that the Prime Minister’s Office is reviewing a relief package for the company. This rekindled hopes of support for its massive adjusted gross revenue (AGR) dues.
Jubilant FoodWorks
Jubliant FoodWorks’ share price has risen 5.1% to the day’s high of Rs 650.75 on the National Stock Exchange. The stock has given a return of almost 3% in the last five trading days. It has changed a little in the past one month and 5% of investors’ wealth in the last six months. Jubilant FoodWorks has corrected 1.3% in the past one year.
OLA Electric Mobility
OLA Electric’s share price has surged 4.6% to a high of Rs 49.40, intra-day, on the National Stock Exchange. The EV scooter maker’s stock price increased after reports suggested that Niti Aayog has called a high-level meeting with two-wheeler makers to accelerate the electrification of motorcycles. As per a report by Hindu Business Line, Niti Aayog officials may meet executives from Hero MotoCorp, Bajaj Auto, TVS Motor, Ola Electric, Ather, and Revolt to explore strategies for expanding the electric motorcycle segment.
Emami
The share price of Emami saw a deep cut, falling as much as 8% to an intra-day low of Rs 562.60 on the National Stock Exchange. The stock came off lows a bit in afternoon trade. Emami’s stock price has fallen 3% in the last five trading sessions. The stock has given a return of 5.65% in the past one month. However, the share price has eroded almost 30% of investors’ wealth in the last one year.