On the first day of the trading week, profit booking was seen in the market. Energy, realty, banking stocks were sold in today’s business. While IT, Pharma index closed with slight gains. Auto, FMCG, metal stocks were under pressure. The midcap index closed flat. The Smallcap index closed with slight gains. At the end of trading, the Sensex closed at 63,168.30, down 216.28 points, or 0.34 per cent. At the same time, the Nifty closed at the level of 18755.45 with a decline of 70.55 points i.e. 0.37 percent.

Most action was seen on these stocks today

Som Distilleries and Breweries Ltd | CMP Rs.258.40 , Som Distilleries and Breweries shares closed with a gain of 5 per cent in June 19 trading. Som Distilleries recently tied up with beer maker Carlsberg. At the same time, now the company has started trial production of expansion of Odisha unit for the same.

Shriram Finance Ltd. | CMP Rs 1469.85 | Today this stock managed to close with a gain of 5 per cent. In Shriram Finance, there have been big deals in 99.2 lakh shares at a price of around Rs 1400. Domestic mutual funds have bought shares.

Jindal Steel & Power Ltd. , CMP Rs 574.50 | Today this stock managed to close with a gain of 5 per cent. Kotak Institutional Equities has upgraded the stock to Buy with a target price of Rs 740. The company’s expansion projects totaling Rs 24,000 crore, announced in May 2021, will be gradually rolled out from October 2023, which will support revenue from the second half of FY2024.

Ikio Lighting Ltd. , CMP Rs 445.45 |Today this stock managed to close with a gain of 10 per cent. Quant Mutual Fund through Quant Quantal Fund has bought 6.01 lakh shares and Quant Multi Asset Fund has bought 6.02 lakh shares in IKIO Lighting through open market transactions at an average price of Rs 409.08 per share.

FSN E-Commerce Ventures Ltd | CMP Rs 150.45 |Today this stock managed to close with a gain of 4 per cent. Jefferies has maintained a buy rating on Nykaa with a target price of Rs 200 on the stock. Jefferies says that the management’s view on the industry outlook is positive. The trend of premiumization seems to be in favor of the company. Outlook looks positive regarding profits. Whereas Nomura has given buy’ rating on this stock.

Ashok Leyland Ltd. , CMP Rs 167.95 | Today this stock managed to close with a gain of 2 per cent. Jefferies has maintained a buy rating on Ashok Leyland with a target price of Rs 195 on the stock. M&HCF has a target of 35% in the medium term. In the 2-3.5 tonne LCV, the medium term target has been kept at 25%. While the EBITDA margin is targeted to be 14-16% in the medium term. The company is also focused on exports and defense footprint.

Bank of Baroda | CMP Rs 193.75 | Today this stock managed to close with a gain of 3 per cent. BSE data shows that after today’s gain this stock has again touched the market cap of Rs 1 lakh crore. Brokerage firms are turning bullish on the stock after better-than-expected results in the March quarter and have raised their target prices as well.

Titagarh Wagons Ltd. , CMP Rs 467.40 | Today the stock closed with a gain of 10 per cent. Brokerage house Antique has initiated coverage on the stock with a Buy rating and a target of Rs 694 on the stock. The stock has gained more than 300% in last one year while in 3 years the stock has given 1300% return.