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Nifty Auto logs modest gains; Bharat Forge top gainer; Maruti, Tata Motors keep the index on upside

Bharat Forge announced that it has acquire 100% stake in Sanghvi Forging and Engineering Ltd.

June 30, 2021 11:25 IST | India Infoline News Service
Stock Market Up
After Tuesday's bearish markets tone Auto stocks were again in the fast lane on Wednesday trading session led by broad-based buying amid improved sentiments from the investors. The index has outperformed broader markets and other sectoral counterparts.

At around 11:25 AM, Nifty Auto was trading at 10,650.30 up 38.05 points or 0.36%, after touching a high of 10,699.50 and low of 10,634.55 during intraday trade on Wednesday.

BSE Sensex was trading at 52,848.02 up 298 points or 0.57% and Nifty50 at 15,831.15 up 82.70 points or 0.53%.

Bharat Forge was the top gainer soaring by 1.42%. While Balkrishna Industries followed by surging 0.72%. Maruti and Tata Motors were trading by gaining  0.66% each. On Tuesday, Bharat Forge announced that it has acquire 100% stake in Sanghvi Forging and Engineering Ltd.

Heavyweight stocks like TVS Motor, Mahindra & Mahindra, MRF contributed to the gains by advancing over 0.5% 

Other stocks like Amara Raja Batteries, Exide, Bajaj Auto and Eicher Motors were marginally higher and further added to winnings.
 
Meanwhile, on the  downside, Ashok Leyland was the top laggard struggling by 0.40% at Rs123.05 per piece.

Bosch, Hero MotoCorp and Tube Investments were marginally down on the index.

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The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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