Top stock movers — IndiGo, Siemens, Laurus Labs, Future Consumer, Kesoram Industries, and others

• The 30-share BSE index was trading 44 points lower, and NSE Nifty was trading 0.19% lower.
• Here’s a list of the top losers and gainers in the Nifty pack.
• These are the top stocks that are buzzing in trade today.
• Check out the latest news and updates on Business Insider.

Indian equity benchmark indexes pared early gains to trade lower on Thursday, led by selling in IT, banks, metals and auto stocks.

The 30-share BSE index was trading 44 points lower, and NSE Nifty was trading 0.19% lower at 12,834 points

Here’s a list of the top losers and gainers in the Nifty pack.

*as of November 26, 9:50 am

These are the top stocks in news today.

IndiGo shares down nearly 3%

The shares of IndiGo lost nearly 3% after Citi downgraded its rating to Sell from Neutral. The brokerage said that IndiGo’s market share might have peaked and it could trend lower as its peers ramp up.

Siemens trades 7% higher

The shares of tech major Siemens gained over 7% despite the company reporting a 4.7% fall in net profit at ₹333 crore for the September quarter mainly on higher expenses due to lockdown. However, the company said that during the quarter, the new orders from continuing operations grew 8.7% at ₹3,220 crore as compared to the year-ago period.

Laurus Labs gains over 3%

The shares of Drug major Laurus Labs soared over 3% after it had signed definitive agreements with the Eight Roads Ventures, VenturEast Proactive Fund, and VenturEast Life Fund III to acquire 72.55% stake in biotech firm Richcore Lifesciences for a cash consideration of ₹246.67 crore.

Future Consumer locked in 5% lower circuit

The shares of Future Consumer were locked in a 5% lower circuit after its recently appointed CEO, Rajnikant Sabnavis, resigned from his position.

Union Bank gain over 2%

The shares of Union Bank gained over 2% after its board has approved raising up to ₹6,800 crore during this fiscal to fund business growth.

Fine Organics gains over 2%

The shares of Fine Organic Industries gained over 2% after it informed the exchanges that it had commenced operations at its newly opened company facility in Maharashtra.

Kesoram Industries trades 7% higher

The shares of BK Birla Group flagship Kesoram Industries gained over 7% after the company said its consortium of lenders had given their in-principle approval to a resolution plan to raise funds and restructure debts. The total debt of the company currently stands at over ₹2,000 crore.

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