Maruti and Indigo are booming in the stock market, which stocks are rising and where are they falling?
There is a lot of stir among investors in the stock market since this morning. Shares of some big companies are going up very fast in the market while the prices of some are falling down. Behind these fluctuations are business decisions of different companies and market news. Shares of Maruti Suzuki, Indigo Paints, Power Grid, Titan and Angel One have attracted everyone’s attention in this morning’s trade.
Due to news related to these companies, a big change has been seen in their prices. Today’s market is trying to maintain a balance between the news coming from the markets of foreign countries and the way the companies of our country work, due to which investors are keeping an eye on every small and big news.
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Tremendous rise in Maruti
Maruti shares are in the news today because the company has decided to increase the prices of its vehicles and there is good hope of increase in sales due to the festive season. When the market opened at 9:00 am, its one share was worth Rs 13,352 and due to increased buying, it increased to Rs 13,700 by 10:17 am.
Price of indigo paints increased
Indigo Paints shares are strong today. After a decline for some time, today investors are seeing it as a good opportunity. Investors’ confidence has increased due to the news of increasing demand in the paint sector and better functioning of the company. When the market opened at 9:00 am, its share was at Rs 1,027 and by 10:19 am its price increased to Rs 1,063.
Power grid shines
Power Grid shares are in the news because the company is working on new projects and the demand for electricity is continuously increasing. Due to the government’s focus on infrastructure, investors are confident about the future of the company. When the market opened at 9:00 am, its share was at Rs 278.50 and by 10:22 am it reached Rs 286.05.
Titan’s shares fall
Titan shares are in the news today because there is a slight slowdown in the demand for gold and jewelery in the market due to which investors are cautious and are booking profits. When the market opened at 9:00 am, its share was at Rs 4,354 and due to market pressure, it came down to Rs 4,236 by 10:28 am.
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Light slowness in angel forest
The main reason for the weakness in Angel One’s stock today is the new rules of RBI which are making the way of working of brokerage companies a bit difficult. Investors are currently exercising caution due to increasing regulations and tough competition in the market. When the market opened at 9:00 am, its share was at Rs 342.20 and by 10:31 am it came down to Rs 339.35.
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