Mid-Day Movers: Bajaj Group stocks and Maruti rise, while Hindustan Unilever is in the limelight

Bajaj Finserv Ltd, Bajaj Finance Ltd, and Maruti are trading up, with Hindustan Unilever Ltd in the news.

The Global markets are weak. Yesterday, Dow Jones closed 0.5 per cent down. However, S&P BSE Sensex remained resilient and opened flat today. At 3 pm, the S&P BSE Sensex is trading at Rs 52664, 0.06 per cent down for the day. On Wednesday, June 15 2022, the Fed is starting its 2-day policy meeting. Hence, before the meeting, markets are trading cautiously. 

Amid flat market action, the stocks which are hot for the day are Bajaj Finserv Ltd, Bajaj Finance Ltd, Maruti, and Hindustan Unilever Ltd. 

Bajaj Group companies have helped NIFTY50 to remain strong. Bajaj Finserv Ltd and Bajaj Finance Ltd are trading in green with a gain of 4.32 and 2.12 per cent, respectively. At 3 pm, On June 15 2022, the shares of Bajaj Finserv Ltd and Bajaj Finance are trading at Rs 11824 and Rs 5489, respectively.

Bajaj Finance Ltd is the lending arm of Bajaj FinServ. Recently, Bajaj Finance announced a rate hike of 0.2 per cent on their fixed deposit products on various term maturity varying between 2-5 years. Bajaj Finserv Ltd and Bajaj Finance Ltd have a market capitalization of Rs 1,88,150.59 and Rs 3,31,766.14, respectively.

  The shares of Maruti are also trading strong today, up 0.63 per cent, trading at Rs 7853. The management recently commented on its robust product pipeline and its focus on the SUV segment. The company has recently launched new products like the new Celerio, Baleno, and XL6. However, the company has observed a decline in its market share from 8.8 per cent to 43.4 per cent during the FY19-22 period.  

Hindustan Unilever Ltd is in the news today as LIC recently increased its holding from 11,73,80,500 shares to 11,76,90,500 shares, amounting to a 5 per cent stake in the paid-up capital of Hindustan Unilever Ltd. However, despite the positive news, the stock is trading negatively. At 3 pm, the stock is trading at Rs 2154, -0.8 per cent down today.