Thu, Feb 1, 2024 2:35 PM
3 stocks that gained momentum on charts after the Budget
A Flip by Shubhangi Gupta
Apollo Micro Systems share price advanced over 3% in November 25 trade on securing orders worth Rs 4.65 crore. The company in an exchange filing said it has received orders from DRDO. Shares of the company rose 3.18% to Rs 94.40 per share on the NSE. Additionally, it informed "the Company has been declared the Lowest Bidder for orders worth Rs. 16.96 crores from DRDO," it added.
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VST Industries, a company partially owned by Radhakishan Damani, saw its shares rise 4% after announcing the sale of its Hyderabad property for ₹101.7 crore. The buyer is not affiliated with the promoter or promoter group. Despite the recent surge, the stock has experienced declines over the past six months.
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Shares of NTPC surged 3 percent to Rs 377 in morning trade on November 25, extending gains for the second consecutive trading session after Bernstein maintained an 'outperform' rating on the company and raised the target price. With a target price of Rs 440, citing robust power demand, evening shortages, and the company’s cost-of-debt advantage as key drivers.
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