NSE Nifty Metal index rose 1.1 percent and was the top performer among the sectoral gauges compiled by National Stock Exchange.

Shares of the private lender rose nearly 1.3 percent to Rs 2,358 apiece.

HDFC Bank is set to consider stock split on May 22, according to an exchange filing. Board will consider splitting each share into two shares.

Fifty two of the 55 analysts tracked by Bloomberg had a ‘Buy’ rating on the stock, while two had recommended ‘Hold’ and one analyst had a ‘Sell’ rating.

Shares of the oil retailers declined in today’s trading session as crude closed 0.55 percent higher at $71.79 per barrel.

Shares of the world’s largest coconut oil maker rose over 8 percent intraday, its biggest single-day gain in nearly four years, to Rs 367 apiece. The company reported its fourth quarter earnings on Monday.

The company’s net profit was up 2.2 times to Rs 406 crore while its revenue was up 8.7 percent to Rs 1,609 crore.

Here’s what brokerages had to say on the stock:

Macquarie

• Maintained ‘Outperform’; hiked target price to Rs 412 from Rs 394.
• Q4 Ebitda below estimate due to higher investments and higher promotions.
• Recovery in Saffola – key positive.
• Operating margin expected to improve on lower input cost and operating leverage.

CLSA

• Maintained ‘Buy’ with target price of Rs 465.
• Q4: Ebitda below but net earnings ahead.
• Healthy growth driven by Saffola and good margin expansion.
• Copra prices expected to remain benign and there is focus on new launches and GTM transformation.

Trading in the company's call options totaled 2,007 contracts, compared with the average of 222 over the past 20 days. Trading in the company's put options totaled 340 contracts, compared with the average of 71 over the same period.

Shares of the communications equipment maker rose as much as 6.6 percent, its biggest intraday gain in two months, to 204.40 apiece.

The company's promoters— Volcan Investments is set to release pledge on shares by end of July 2019, according to an exchange notification.

The stock declined 41 percent in the past 12 months compared with a 10 percent gain in the Sensex Index.