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New Delhi: With the stock market hitting record highs, several stocks are making headlines due to various factors. Here, in this article, we will highlight the current share prices of these buzzing stocks and the key reasons behind their strong performance.
Shares of HDFC Bank saw an increase today after the bank’s Board approved the initial public offering (IPO) of its subsidiary, HDB Financial Services. In early trading, HDFC Bank’s stock was up by 0.6 per cent, reaching Rs 1,752.3 per share on the National Stock Exchange (NSE). Following a surge, the bank’s market capitalization is currently Rs 13,36,767.36 crore.
The Board of HDB Financial Services has confirmed that the IPO will consist of a fresh issue of shares worth Rs 2,500 crore, along with an offer-for-sale component from existing shareholders. This move marks an important step for HDB Financial as it prepares to enter the public market.
At present, the stock price of Indian Railway Finance Corporation is Rs 159.2. The share price has changed by 1.36 per cent or Rs 2.2.
Bharat Heavy Electricals Limited (BHEL) saw its share price increase by nearly 2 per cent in early trading on September 23, following the announcement of a notification of award (NOA) from NTPC for the 1×800 MW Sipat Supercritical Thermal Power Project Stage-III.
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At 9:39 AM, BHEL's shares were trading at Rs 270.70, up Rs 4.55, or 1.71 per cent, on the BSE. The contract includes significant engineering, procurement, and construction (EPC) work. This covers the supply of equipment, erection, commissioning, and civil works, valued at over Rs 6,100 crore, excluding GST.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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