Mumbai: The shares of Reliance Power, Reliance Industries, HDFC Bank, Godrej Properties, Bandhan Bank and others are expected to be in news on October 7, 2024 (Monday). The Indian stock markets dropped for the fifth day in a row on October 4 with Sensex declining 808 points and Nifty over 230.
The BSE Sensex plunged 808.65 points to settle at a three-week low of 81,688.45. The broader Nifty declined 235.50 points to end the day at 25,014.60. The investors of the stock market became poorer by Rs 16.26 lakh crore in five days. The market capitalisation of BSE-listed companies dropped Rs 16,26,691.48 crore to Rs 4,60,89,598.54 crore.
Reliance Power share price
The Reliance Power share price is expected to remain in focus today after it hit a lower circuit on October 4. The stock appreciated over 70 per cent in the last one month and more than 180 per cent in the last 1 year. Anil Ambani’s Reliance Group companies – Reliance Infrastructure Ltd and Reliance Power Ltd are set to execute their growth strategies as the group plans to raise Rs 17,600 crore to drive future growth plans.
Bandhan Bank share price
In its Q2 Results of 2024-25, Bandhan Bank announced an increase of 24.6 per cent in its total business. The private lender informed the exchanges that its business touched Rs 2,73,163 crore, as compared to Rs 2,19,712 crore in the July-September quarter of 2023-24. The Loans and advances of the private lender was recorded at Rs 1,30,652 crore, while deposits touched Rs 1,42,511 crore.
Reliance Industries share price
Reliance Industries, which retained the title of the most-valued company of India as per its market capitalisation last week, suffered the biggest hit among the top 10 firms in the domestic market. The market valuation of Mukesh Ambani-led company declined Rs 1,88,479.36 crore to Rs 18,76,718.24 crore.
HDFC Bank share price
The market valuation of HDFC Bank, the country’s largest private sector bank, dropped Rs 72,919.58 crore to Rs 12,64,267.35 crore. The banking stock settled over 1 per cent down at Rs 1,661.25. The counter has gained over 7 per cent in the last six months and around 9 per cent in the last 1 year.
Godrej Properties & Macrotech Developers share price
Godrej Properties and Macrotech Developers have sold properties worth over Rs 22,000 crore during April-September as the demand for premium homes increased. The real estate projects of Godrej Properties are sold under the Godrej brand, while Macrotech Developers sells its properties under the ‘Lodha’ brand.
During the first six months of 2024-25, Godrej Properties sold properties worth over Rs 13,800 crore, and Macrotech Developers’ sales bookings stood at Rs 8,320 crore.
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Stocks in News today: The shares of Reliance Industries, HDFC Bank, Godrej Properties, Reliance Power, Bandhan Bank and others are expected to remain in news on October 7, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
