Tata Steel will proceed with its £1.25 Billion investment to build a state-of-the-art Electric Arc Furnace in Port Talbot and commence closure of the existing heavy end assets in the following months.
FMCG businesses such as ITC Ltd, Hindustan Unilever Ltd and Asian Paints Ltd and private lenders namely HDFC Bank Ltd and Axis Bank Ltd were among top losers from the index.
YES Bank, where 49.10 lakh individual investors held 22.11 per cent stake at the end of December quarter, saw its shares rallying 54 er cent to Rs 23.20 level from Rs 15.05 level a year-ago.
Shares of all auto companies were on the radar of investors during the trading session on Monday after all auto players announced their sales figures for the period ended on March 31, 2024.
Tata Motors shares were up 0.6 per cent at Rs 985.40. PL's target price on the stock suggests a potential 9.09 per cent upside over this level. The stock is up 24 per cent in 2024 so far and 60 per cent in the last six months.