SUMMARY
Indian benchmark indices ended Monday's trading session in the green at record closing highs. The NSE Nifty50 ended at 18562.75, 50 points higher and the BSE Sensex ended at 62504.80, 211.16 points up. Here are the key stocks that moved the most
1 / 10
Max Financial Services Ltd | Max Financial Services Limited (MFSL) on Monday said that it has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to purchase the balance 5.17 percent stake held by Mitsui Sumitomo Company Limited (MSI) in Max Life Insurance Company Limited (Max Life). The transaction is expected to be concluded in the next fortnight, it said in a regulatory filing. Its shares ended 2.6 percent higher.
2 / 10Bharat Petroleum Corporation Ltd (BPCL) | Nifty50's top gainer, its shares ended 5 percent higher.
3 / 10Metal stocks | The Nifty Metal index slipped the most among sectoral indices, down 1.1 percent at 1pm. Shares of Hindustan Copper, National Aluminium Company Ltd, Vedanta, Tata Steel, SAIL, JSW Steel, Hindalco, Jindal Steel, were trading 0.5 to 2.6 percent down.
4 / 10TIL Ltd | Construction equipment maker TIL Ltd. shares soared nearly 5 percent on Monday after the company announced plans to rope in Gainwell Group as a strategic investor to accelerate its growth plans. Its shares ended nearly 5 percent higher.
5 / 10Cosmo First Ltd | Shares of BOPP films maker Cosmo First surged over 7 percent on Monday after the company announced its board will meet on December 1 to consider a proposal for the buyback of equity shares. Its shares ended 8.5 percent higher.
6 / 10Tanla Platforms Ltd | Nifty500's top gainer, its shares ended nearly 11 percent higher.
7 / 10Hero MotoCorp | Hero MotoCorp shares rose 3.5 percent in early trade after company announced to increase prices by up to Rs 1,500. Its stock ended nearly 2.4 percent higher.
8 / 10IEX Ltd | The company announced an open market buyback for Rs 98 cr at Rs 200 per share. Its stock ended 1.6 percent lower.
9 / 10Apollo Tyres Ltd | UBS Securities expects Apollo Tyres' Return on Equity (RoE) to double and net debt to halve by the financial year 2025 as the company continues to put deleveraging as the key focus.Citing these factors, the brokerage maintained its buy rating while upping its price target on the stock to Rs 355 from Rs 295 earlier. UBS' updated price target implies a potential upside of 21 percent from Friday's closing levels. As a result of this upgrade, shares of Apollo Tyres gained as much as 6 percent on Monday to hit a new 52-week high. Its shares ended nearly 6.6 percent higher.
10 / 10Ami Organics Ltd | Shares of active pharmaceutical ingredient (API) and specialty chemicals maker AMI Organics rose on Monday after the company announced a multi-million euro deal with Fermion, an arm of Finland’s Orion Group. Its shares ended nearly 5.4 percent up.
