Stocks in Focus: Star Health, Zomato, DMart, Adani Group and Manappuram Finance Share Price Jumps
Indian markets were trading slightly higher on Monday but stock specific action has been keeping traders busy. Many companies noticed higher investor interest including DMart and Manappuram Finance. DMart has received ratings Upgrade from UBS and the stock was trading firm in morning session.
Manappuram Finance share price was firm today after the Kerala High Court quashed the case against the company's MD VP Nandakumar. The company has witnessed strong investor interest in the recent sessions.
Zomato stock was trading firm after three block deals were reported. In three block deals, 3.2 crore Zomato shares or 0.4 percent of the total equity worth Rs 288 crore changed hands. There is no news on the counter but the stock was trading firm.
Star Health witnessed a block deal in today’s session with 1.9 crore shares, or 3.7 percent equity changing hands. The stock was currently trading at Rs 605 after touching intraday high of Rs 623 and low of Rs 600.
Adani Group stocks were trading firm today as the SEBI has submitted its status report to the Supreme Court. The hearing in the case is on August 29. Majority of Adani Group stocks were trading positive today.
Reliance Industries is holding AGM today and the stock could see higher trading in today’s session. Investors are looking forward to comments from promoters.