Market Overview
📈 Nifty 50 surpasses 22,400
📈 Sensex gains over 200 points, trading at 73,974.91
Several stocks were in focus on Thursday, including BSE Ltd., Gensol Engineering Ltd., Route Mobile Ltd., and Zaggle Prepaid Ocean Services Ltd.
Stock Movers at Noon
📌 BSE Ltd. (+2%)
- Shares of BSE rose nearly 2% after hitting a four-month low on Wednesday.
- Goldman Sachs lowered its target price to ₹4,230 while maintaining a ‘neutral’ rating.
- The downgrade comes as NSE announced a shift in F&O expiry from Thursday to Monday, potentially impacting BSE’s ability to grow its index options market share—a key revenue stream.
📌 Gensol Engineering (-10%)
- Shares plunged 10% to ₹334.80, hitting the lower circuit limit.
- The drop follows a rating downgrade by ICRA, citing delays in servicing term loan obligations as the primary reason.
📌 Route Mobile (+11.87% intraday, +4.06% at noon)
- Shares of Route Mobile Ltd. surged up to 11.87% to ₹1,120, before settling at ₹1,041.75 (+4.06%) at 12:35 PM.
- The stock gained after the company, along with Proximus Global and Telesign, partnered with Nokia to explore network API solutions for enterprise application development.
- Comparatively, the NSE Nifty 50 advanced 0.41% during the same period.
📌 Zaggle Prepaid Ocean Services (+5% intraday, +2.68% at noon)
- Shares hit the upper circuit, rising 5% intraday before trading 2.68% higher at ₹370 as of 12:38 PM.
- The rally follows an agreement with Tech Mahindra to provide its Spend Management Dashboard Zatix Platform Service.