Top Nifty gainers and losers at mid-day: Bajaj Finserv, ITC in green, HUL, Airtel slip

At 12:14 pm, the Sensex was up 250 points at 65,881, while the Nifty was up 72.5 points or 0.37 percent at 19,618.50. About 1,869 shares advanced, 1,179 hares declined and 95 shares unchanged.

Bajaj Finserv Ltd: Shares jumped to become the top gainer on the Nifty 50 after its subsidiary, Bajaj Finance, approved Rs 10,000 crore fundraising via QIP and preferential issue. Post the conversion of shares, Finserv’s stake in the subsidiary company would rise to about 53 percent. More than six lakh shares changed hands in today’s session. At 12:14 pm, the stock was up 3.7 per cent at Rs 1,598.

HDFC Life Insurance Company Ltd: Shares gained, snapping a three-day losing streak on the bourses. More than 21 lakh shares changed hands in today’s session. At 12:14 pm, shares were trading 1.3 percent higher at Rs 631.

ITC Ltd: Shares surged after three days of trading in red. The leading tobacco maker has been in the news late after the GST Council’s Fitment Committee rejected a tobacco industry proposal to effectively cut tax rates. At 12:14 pm, shares of the company were up 1.5 percent at Rs 442 on the NSE.

Tata Consumer Products Ltd: Shares gained and became one of the top gainers on the Nifty. The company aims a double-digit growth in its coffee business, led by an expansion in both portfolio and reach. Shares price stood at Rs 871, higher by about 1.5 percent on the NSE.

Titan Company Ltd: Shares zoomed, extending gains for a third day in a row. Recently, the company’s wearables business, which is dedicated to smart tech products under the Fastrack and Titan brands within Titan Company Limited, is set to broaden its current product offerings in the smartwatch and Truly Wireless (TWS) categories. Shares, at mid-day, were up 1.7 percent at Rs 3,270.

ONGC Ltd: The stock price slid making it the top loser on the Nifty index. In the last six months, the public sector unit behemoth has given a return of 20 percent. Volumes were low, as only 29 lakh shares changed hands as against the 1-week average of 1 crore shares. The shares tanked 1 percent at Rs 180 at about 12:14 pm on the NSE.

HUL Ltd: Shares of the biggest FMCG player in the country traded lower in today’s session, ending a gaining streak of four days. Volumes were fairly low at mid-day as only three lakh shares changed hands against a monthly average of 18 lakh shares. Shares were down 0.6 percent at Rs 2,505 on the NSE.

Bharti Airtel Ltd: Shares fell at mid-day after investors didn’t cheer the telecom major’s decision to roll out plans to attract cricket fans ahead of the World Cup. The company has launched two plans which include unlimited data for two days against a payment of Rs 99 and 6GB of additional data with one day validity of Rs 49. At 12:14 am, shares were trading at Rs 925, lower by 0.4 percent from the previous close on the NSE.

Britannia Industries Ltd: Shares of the biscuit maker were down at mid-day in today’s session, trading in the red after gaining for two days. Analysts are of the view that the company will slash prices to drive volumes, thereby affecting the margins of the company in the coming quarters. At 12:14 pm, shares were down 0.3 percent at Rs 4,523 on the NSE.

Power Grid Corp Ltd: Shares have taken a beating this week after falling for a fifth consecutive day. Volumes have also been low in today’s session after only 75 lakh shares changed hands as against the one-week average of about two crore shares. At 12:14 pm, shares were trading lower by 0.2 percent at Rs 195.