Sensex Today Ends Higher | Nifty Tops 22,050 | Hindustan Zinc Up 16% on 500% Dividend Announcement

Fri, 10 May Closing

   Previous Close   

   Pre-Open   

   10:30 am   

On Friday, Indian share markets traded on a positive note throughout the trading session and ended higher.

Benchmark indices turned volatile in the afternoon session but soon regained momentum, driven by strength in auto and energy stocks following positive global developments.

At the closing bell, the BSE Sensex stood higher by 260 points (up 0.4%).

Meanwhile, the NSE Nifty closed higher by 98 points (up 0.4%).

NTPC, Power Grid and Asian Paints were among the top gainers today.

TCS, Infosys and Wipro, on the other hand, were among the top losers today.

The GIFT Nifty was trading at 22,132, up by 4 points, at the time of writing.

The BSE MidCap index and the BSE SmallCap index ended higher by 0.8%.

Sectoral indices ended mixed with stocks in the telecom sector, energy sector, FMCG sector and metal sector witnessing most of the buying.

While IT, banking and realty stocks witnessed selling.

Shares of Polycab, Astral and Netweb Technologies hit their respective 52-week highs today.

The rupee is trading at 83.48 against the US$.

Gold prices for the latest contract on MCX are trading up by 1.4% at Rs 72,700 per 10 grams.

Speaking of stock markets, Zill Jain talks about the top 3 power sector penny stocks in her latest video.

The increasing adoption of EVs, the expanding renewable energy market, and the development of cleaner technologies is creating a big opportunity for these players.

Watch the below video to know more:

Why Dixon Technologies Share Price is Rising

In news from the consumer electronics space, Dixon Technologies share price rallied 3% today.

This positive sentiment was on the back of the company recently announcing steps to fuel its growth and support India's digital expansion.

Dixon Technologies has signed an agreement with Nokia to develop and manufacture telecom equipment.

The equipment will include fixed wireless access points and routers, to be developed for Nokia.

Discover: How to Grow Your Wealth in a Stress-Free Way

The deal is expected to earn the company a massive amount of Rs 15 billion (bn).

According to the vice chairman and managing director of Dixon, the product development is at its final stages, and commercial production will start from June or July of 2024.

With a good industry outlook and an emphasis on innovation and expansion, the company's share price and earnings have grown consistently.

Here's a table comparing Dixon with its peers -

Company	Market Cap (INR m)	Current Market Price (INR)	5-Yr Net Profit CAGR (%)	ROE (%)	P/E (x)
Dixon Technologies	505.3	8,441	33	22.5	143.3
Voltas	436.7	1,319	-14	4.4	174.9
Crompton Greaves Consumer Electricals	21.9	341	7	18.1	50
KEI Industries	342.8	3,796	14	20.3	58.8
Orient Electric	49.1	230	3	13.5	67.6
Polycab India	888.9	5,914	28	20	53
Syrma SGS	85.2	480	NA	11.2	73.4
V-Guard Industries	153.9	354	6	12	76
Blue Star	294.6	1,430	17	21	71
Havells India	1,059.40	1,689	10	18.1	83.4

Data Source: Screener.in

Hindustan Zinc Zooms 13%

Hindustan Zinc share price surged over 13% to hit a 52-week high on May 10 tracking a spike in zinc prices.

The commodity's price on the London Metal Exchange rose over 2% to US$2,955, fueled by positive China trade data, which reflected growth in imports and exports in April 2024.

China's positive trade data also indicated a rebound in domestic and overseas demand, which works well for zinc prices given that the country is a major consumer and producer of the metal.

A spike in zinc prices bodes well for Hindustan Zinc as it is involved in the business of mining and refining the metal.

Apart from this, the company also approved an interim dividend of Rs 10 per equity share.

During the most recent quarter gone by, the management of Hindustan Zinc rolled out projections for increased production of both mined metal and refined metal in the coming year FY25.

Furthermore, project capital expenditure is anticipated to fall within the range of $270 million to $325 million.

Hindustan Zinc shares ended near the day's high today.

In 2024 so far, shares of the company have already rallied 62%.

Here's a table comparing Hindustan Zinc with its peers -

Company	Hindustan Zinc	Gravita	Hindalco	Ram Ratna Wires	Vedanta
ROE (%)	44.5	41.8	11.7	16.1	27.8
ROCE (%)	50.1	31.8	11.2	17.5	21.3
Latest EPS (Rs)	18.4	34.6	41.8	11.1	11.4
TTM PE (x)	24.8	26.3	14.8	32.8	34.6
TTM Price to book (x)	12.7	7.5	1.4	4.1	4.8
Dividend yield (%)	2.9	0.6	0.5	0.7	2.8
Industry PE	20.7
Industry PB	3.5

Data Source: Ace Equity

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers