Trending Stocks: Why Zomato, IFCI, RITES, Shakti Pumps and Swan Energy are in focus today

New Delhi: The Sensex and Nifty zoomed over 1 per cent on Monday after a decisive mandate for the NDA in the Maharashtra Assembly polls calmed investors. However, a jump in crude oil prices is likely to keep markets in check during the day’s trade. Investors are also eyeing the opening of the Winter Session of Parliament with the fog US SEC summons to Adani Group chairman Gautam Adani and his nephew Sagar Adani likely to weigh on their choices.

Here are stocks that were trending at 11:16 am on Monday:

Zomato share price

Shares of the food delivery aggregator zoomed over 6 per cent on its inclusion in the 30-share benchmark Sensex index starting from December 23, 2024. The food aggregator’s board also gave its nod for a Rs 8,500 crore QIP to raise funds.

RITES share price today

The railway PSU giant’s stock jumped over 8 per cent on Monday after an upward revision in price estimates for a project by the Northeast Frontier Railway to Rs 531.77 crore from Rs 288.44 crore earlier.

Swan Energy share price

The company’s stock zoomed 3.66 per cent after it gave its nod to the merger of its unit Triumph Offshore with Reliance Naval Engineering. Swan Energy’s share price was up over 10 per cent in the past 5 days, over 31 per cent in the past month, down 4 per cent in the past 6 months, but up over 41 per cent in the past year.

IFCI share price

The company’s stock price surged over 10 per cent after its board approved the consolidation of its units, namely, the Stockholding Corp, IFCI Factors, VFCI Infra Development, and Realtors Ltd. Other entities to merge include StockHolding Services, IFCI Financial Services, IFIN Commodities and IFIN Credit.

Shakti Pumps share price

The company’s stock surged 5 per cent on expectations of the announcement of the ex-date for its 5:1 bonus share issue. The company’s share price was down 83.21 per cent in the past 5 days, 80.50 per cent in the past month, over 68 per cent in the past 6 months, and over 18 per cent in the past year.

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