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Prabhudas Lilladher initiated coverage on Jupiter Life Line Hospitals with 'buy' rating and TP of Rs 1,310. It is a key multispecialty tertiary and quaternary healthcare services in Mumbai.
The IIT graduate had an annual salary package of around Rs 45 crore before he was fired from the company. He is currently serving as a board member in several companies.
All 10 stocks in the Nifty IT index were in the green. The midcap counter Coforge was also up over 5% and hit its 52-week high of Rs 6,139.95 on the NSE. Notably, the top five gainers in the Nifty index were also from the IT space with Tech Mahindra taking the lead with near 4% gains. Others including HCL Technologies, LTIMindtree, Wipro and Infosys gained up to 3.5%.
Stocks that were in focus include names like Axis Bank, which fell 1.25%, Sonata Software, which was down 4%, and PI Industries, whose shares declined 1.7% on Wednesday.
The 30-share BSE Sensex pack surged 955 points to hit a lifetime high of 70,540 while the broader NSE Nifty index moved 263 points up to touch a record high of 21,189.55.