Gainers & Losers: There was an uproar in the market on the day of the first weekly expiry of Sensex in the new year. Domestic benchmark indices BSE Sensex and Nifty 50 weakened by more than half a percent. In intra-day, Sensex had fallen below 79150 and Nifty had also fallen below 24 thousand. At the end of the day, Sensex closed at 79,223.11 with a fall of 720.60 points or 0.90% and Nifty closed at 24,004.75 with a slip of 0.76% or 183.90 points. In this selling environment, due to specific activities, some shares rose sharply and some fell sharply. Here details are being given about these shares including the reasons for fluctuations.
These shares rose at the speed of a rocket
Wockhardt. Current Price: ₹1518.60 (+5.04%)
Shares of Wockhardt jumped 9.29 per cent intra-day to Rs 1580.00 after Indian drug regulator Central Drugs Standard Control Organization (CDSCO) approved next-generation oral antibiotic Miknaf (nafithromycin). It is used to treat community-acquired bacterial pneumonia (CABP) in adults.
MOIL. Current Price: ₹348.80 (+3.16%)
October-December 2024 was the best December quarter so far for MOIL, due to which its shares jumped 6.29 percent intra-day to Rs 359.35. It produced 4.6 lakh tonnes of manganese ore in the December quarter and sales were up 13 per cent at 3.88 lakh tonnes.
Yes Bank. Current Price: ₹19.96 (+1.84%)
Yes Bank shares jumped 2.96 per cent intra-day to Rs 20.18 on strong December quarter business update. In the December quarter, bank deposits increased by 14.6 percent on an annual basis to Rs 2.77 lakh crore. During this period, loans and advances also jumped by 12.6 percent to Rs 2.45 lakh crore. CASA jumped 27.6 percent to Rs 91,575 crore.
D-Mart. Current Price: ₹4010.00 (+10.84%)
On the explosive December quarter of hypermarket chain D-Mart’s parent company Avenue Supermarts, its shares jumped 15.13 percent intra-day to Rs 4165.00. In the December quarter, Avenue Supermarts achieved standalone revenue of Rs 15,565 crore, up 17.5 per cent year-on-year and 11 per cent quarter-on-quarter. The company opened 10 new stores in the December quarter and now it has 387 stores.
Shiva Textile. Current Price: ₹237.50 (+6.86%)
Shares of Shiva Texyarn jumped 12.04 per cent intra-day to Rs 249.00 on receipt of order from Indian Air Force. It has received an order worth Rs 36.19 crore from the Indian Air Force for the supply of 16000 pairs of NBC (Nuclear, Biological and Chemical) suits, permeable MK V16000. The supply under this order is to be from 3 January 2025 to 31 August 2025.
These were shared with a bang
JK Lakshmi Cement. Current Price: ₹821.35 (-1.61%)
The stock market did not welcome the bourses’ approval to the merger of three subsidiaries – Udaipur Cement Works, Hansdeep Industries & Trading and Hydrive Developers & Industries – with JK Lakshmi Cement. Today its shares fell 2.19 percent to Rs 815.60 in intra-day.
HDFC Bank. Current Price: ₹1749.30 (-2.46%)
When CLSA excluded HDFC Bank, the country’s largest private bank, from its India Model portfolio, the shares got a big blow and today it slipped 2.62 percent to Rs 1746.30 in intra-day.
ITC. Current Price: ₹482.00 (-1.48%)
A day before the ex-date of ITC’s demerger, selling pressure was seen and it slipped by 1.90 per cent to Rs 480.00 intra-day. Its hotel business will be listed separately and ITC shareholders will get one share of ITC Hotels for every 10 shares held. Its record date is Monday 6 January.
Pricol. Current Price: ₹549.85 (-0.70%)
Shares of Pricol today slipped 1.83 per cent to Rs 543.60 intra-day after its board approved the sale of the company’s wiping business division to Auto Ignition for Rs 20 crore on slump sale basis.
Garware Technical Fibers. Current Price: ₹912.65 (-1.78%)
Today, due to the ex-date of the bonus of Garware Technical Fibers, the shares fell in intra-day.
Slipped 4.75 percent to Rs 885.00. Garware Technical Fibers will distribute the bonus to shareholders in the ratio of 4:1 i.e. 4 shares for 1 share. For the first time the company is offering a bonus issue.
(All prices are from BSE)
Share Market Today: ₹80,000 crore of investors lost in the stock market