The stock market witnessed a sideways movement on the last trading day of the week, resulting in both the Sensex and Nifty closing in the negative. However, midcap and smallcap stocks demonstrated resilience, with the midcap index hitting a record high. Notably, the Nifty Bank index rebounded from earlier lows to end on a positive note, while sectors like real estate, metals, and information technology posted gains. In contrast, oil and gas, fast-moving consumer goods (FMCG), and energy stocks faced downward pressure, contributing to a mixed market sentiment. By the end of the trading session, the Sensex settled at 82,890.94, down by 71.77 points, or 0.09 percent. Meanwhile, the Nifty closed at 25,356.50, declining by 32.40 points, or 0.13 percent.
Market Movers: Notable Stocks on the Radar
As the week closes, several stocks have made headlines due to notable price movements and significant events. Here’s a closer look at some of the most active stocks today:
Adani Group Stocks
The shares of Adani Group experienced a sharp decline following revelations that Swiss authorities have frozen over $310 million in various Swiss bank accounts. This action is part of a broader investigation concerning entities allegedly linked to the Adani Group.
Transformers & Rectifiers (India)
Current Market Price (CMP): Rs 683.95
This stock saw an impressive gain of 3 percent today following the announcement of a significant order worth Rs 114 crore for transformer manufacturing. The order comes from Rajasthan Rajya Vidyut Prasaran Nigam Ltd, marking a positive development for the company.
DLF Ltd
Current Market Price (CMP): Rs 866
DLF’s shares closed up 4 percent as CLSA maintained a ‘hold’ rating with a target price of Rs 775. The firm projected a 15 percent growth in both presales and rental income in the medium term, with expectations of even higher growth in EBITDA and cash flow.
Gold Finance Companies
Shares of gold finance companies such as Muthoot Finance and Manappuram Finance surged by up to 3 percent as gold prices soared to record levels, surpassing the $2,550 mark. This rise is attributed to expectations of an early cut in US interest rates and a weakening dollar.
Godfrey Phillips
Current Market Price (CMP): Rs 7,341
Godfrey Phillips witnessed a massive increase of 11 percent in stock value today. The company is scheduled to hold a board meeting on September 20 to decide on a potential bonus issue, proposing a 2:1 ratio of bonus shares.
Bharti Hexacom
Current Market Price (CMP): Rs 1,359
Shares of Bharti Hexacom rose over 5 percent today after Jefferies upgraded the stock to ‘buy,’ raising the target price to Rs 1,600. The brokerage also increased its revenue and EBITDA estimates by 5-12% for FY 2026 and 2027.
Narayana Hrudayalaya
Current Market Price (CMP): Rs 1,307
In contrast, Narayana Hrudayalaya’s stock fell by 5 percent following HSBC’s ‘reduce’ call on the company, with a projected price target of Rs 1,000 per share, significantly lower than its current valuation.
Patanjali Foods
Current Market Price (CMP): Rs 1,858
The shares of Patanjali Foods declined by 4 percent amid reports of promoter group firms selling over 3.3% of their stake. Approximately 1.3 crore shares were offloaded at an average price of Rs 1,889 on NSE and Rs 1,880 on BSE.
