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Here are key stocks that moved the most on June 25
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Here are key stocks that moved the most on June 25
Jun 25, 2021 6:40 AM

Indian indices ended higher on Friday with Sensex at a record closing high boosted mainly by metal, banking and auto stocks. The Sensex ended 226 points to settle at its new closing high of 52,925 while the Nifty rose 70 points to end at 15,860.

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Both the indices posted their fifth weekly gain in six weeks, up over a percent each helped by declining COVID-19 cases, easing of restrictions and a recent record surge in daily vaccinations.

Here are the key stocks that moved today:

LIC Housing: LIC Housing Finance Ltd (LIC HFL) shares rose 2 percent after the company announced that its promoter Life Insurance Corporation of India (LIC) will infuse about Rs 2,334.70 crore by picking up an additional stake in the company. With an additional 4.93 percent stake, LIC's shareholding in the housing financier post the allotment of shares will go up to 45.24 percent from over 40.31 percent currently.

RIL: Shares of Reliance Industries fell over 2 percent, becoming the top dragger in both the benchmark indices. The stock was down as equity worth Rs 700 crore changed hands in multiple block deals, a day after its 44th AGM.

Ashok Leyland: The share price of Ashok Leyland jumped 5 percent on Friday after the company turned profitable in the March quarter of FY21. The company posted a profit of Rs 241 crore in Q4 with a recovery in sales. It had posted a net loss of Rs 57 crore in the year-ago period.

Laurus Labs: The share price of Laurus Labs surged 4 percent after rating agency CARE Ratings upgraded the stock. The rating on the company's long-term banking facilities has been upgraded to CARE AA from CARE AA- with a 'stable outlook.

Shilpa Medicare: Share of Shilpa Medicare added 3 percent after the company received in-principle approval from the Defence Research & Development Organisation (DRDO) to manufacture and sale of 2-Deoxy-D-Glucose (2DG). The Drug Controller General of India (DCGI) had granted emergency approval to 2DG for COVID-19 patients in the country.

Deepak Spinners: Shares of Deepak Spinners was frozen in 20 percent upper circuit after investor Dolly Khanna bought a 1 percent stake in the textiles company via the open market. On Thursday, June 24, 2021, Dolly Khanna purchased 76,555 shares, representing a 1.06 percent stake, in Deepak Spinners worth Rs 1.28 crore via the open market. Dolly Khanna acquired shares at a price of Rs 167.21 percent through a bulk deal on the BSE, the exchange data shows.

(Disclosure: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.)

(Edited by : Pranati Deva)

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