News for NITCO Limited (NITCO.BO)

Adani Group stocks, Yes Bank, Ola Electric shares drag; fertilisers, realty & defence stocks shine

NITCO Ltd secures ₹111 crore order from Prestige Group, reinforcing position as top supplier in real estate industry.

Domestic markets face downtrend pressure amid global headwinds, with focus on US tariff measures and FII behavior.

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Shares of tiles maker NITCO will be in focus on Thursday following the companys announcement of a Rs 105 crore order from Bengaluru-based real estate firm Prestige Group. NITCO will supply tiles and marble for several Prestige Group projects across various cities.

Stocks including IKS Health, State Bank of India, Wipro, ITC, ABB India, JSW Infra, IPCA Labs, DOMS Industries, Lupin, IRCON and more will be in the spotlight on Thursday, December 19.

Nitco's shares jumped 5% after landing a Rs 105.4 crore tile and marble supply order from Prestige Estates. With another Rs 104 crore in anticipated orders, the company sees growth despite reporting a wider net loss in Q2 FY25. The stock's bullish indicators contrast with its trading below key moving averages, showcasing its volatile performance.

Stocks including HDFC Bank, Wipro, Vedanta, Rail Vikas Nigam, Indus Towers, RailTel Corp, Mindspace REIT, Gravita, HCC and more will be in the spotlight on Tuesday, December 17.

The Nifty IT index was trading 2.03 per cent down at 41868.85.

Banaras Beads, Univastu India, Creative Eye, Nitco and Sezal Glass, hit their fresh 52-week highs at 10:24AM.

Infosys, BPCL, Tech Mahindra, ITC and Titan Company were among the top losers on NSE.

Stocks including RIL, Infosys, Wipro, Axis Bank, LTIMindtree, Adani Enterprises, Kotak Mahindra Bank, TCS, Zomato and more will be the spotlight on Friday, October 18.

IFB Industries, Stylam Ind, Rallis India, Nitco and Platinum Industries, hit their fresh 52-week highs at 10:33AM.

The Nifty IT index was trading 0.17 per cent down at 42659.55.

In CL Educate, foreign investor GPE India sold 790,000 shares or 1.46 percent stake at an average price of Rs 88.

In the Nifty pack, 38 stocks were trading in the green, while 10 stocks were trading in the red.

The Nifty IT index closed 0.03 per cent up at 30981.6.

In the Nifty pack, 27 stocks closed in the green, while 23 stocks ended in the red.

The NSE Nifty index was trading 94.5 points up at 19437.15