Gainers & Losers: The domestic market remained green today for the third consecutive day amid strong signals from the global market. It has strengthened by about one percent in three days. However, after the market cap of companies listed on BSE sank by Rs 24.69 lakh crore in four trading days, there has been a recovery of Rs 11.34 lakh crore in three days. Talking about domestic equity benchmark index, today BSE Sensex closed at 77,042.82 with a rise of 318.74 points or 0.42% and Nifty 50 also closed at 23,311.80 with a rise of 0.42% or 98.60 points. There was a lot of movement in some shares in today’s market due to their special activity. Here details are being given about these shares including the reasons for fluctuations.
These shares rose with rocket speed
Praj Industries. Current Price: ₹768.70 (+3.31%)
Before the Union Cabinet meeting, there is heavy buying in the shares of Praj Industries. It has strengthened by more than 11% in three days. Talking about today, it jumped 6.28 percent intra-day to reach Rs 790.80. Let us tell you that a decision on increasing the prices of ethanol can be taken in the Union Cabinet meeting. According to the report of CNBC-TV18, the price of B-heavy molasses may increase by Rs 1.82 per liter and that of C-heavy molasses by Rs 6.87 per liter and the price of sugarcane juice may also increase by Rs 1.31 per liter.
RVNL. Current Price: ₹411.00 (+10.51%)
Shares of Rail Vikas Nigam Limited (RVNL) had jumped 11.59 per cent intra-day to Rs 415.00 on receipt of the order from BSNL. Under the order received by the company, it has to develop the middle mile network of Bharat Net on the Design, Build, Operate and Maintain (DBOM) model. This contract is for three years for construction and 10 years for maintenance. The value of this order is Rs 3,622 crore. Rail Vikas Niyama has won this order by forming a consortium with HFCL and ATS and RVNL is the lead member.
IDBI Bank. Current Price: ₹79.54 (+7.88%)
As the process of disinvestment of IDBI Bank progressed, shares of IDBI Bank jumped 11.83 percent to Rs 82.45 intra-day today. Talking about the process of disinvestment, KPMG is working to complete the due-diligence, that is, its investigation is about to be completed.
Paytm. Current Price: ₹894.95 (+4.28%)
Shares of Paytm’s parent company One 97 Communications jumped 8 per cent intra-day to Rs 926.95 on Emkay report. MK has upgraded its rating to Buy and increased the target price from Rs 750 to Rs 1050.
Azad Engineering. Current Price: ₹1680.35 (+6.16%)
Its shares jumped 9.46 percent intra-day to Rs 1732.55 on a long-term supply agreement with America’s GE Vernova International LLC. This agreement is for the supply of complex rotating and stationary airfoils for advanced gas turbine engines. This contract is worth around Rs 960 crore and is for 6 years.
Bharat Dynamics. Current Price: ₹1201.10 (+5.95%)
Shares of Bharat Dynamics jumped 8.31 per cent intra-day to Rs 1227.90 on orders worth ₹2960 crore from the government. The company has received this contract from the Defense Ministry and under this the company will supply medium range surface-to-air missiles to the Indian Navy.
These shares collapsed
Swiggy. Current Price: ₹483.00 (-0.84%)
The shares fell 1.58 per cent to Rs 479.40 intra-day after the Ministry of Corporate Affairs approved the setup of wholly owned Swiggy Sports. Swiggy Sports will focus on sports team ownership, talent development, event management, broadcasting and sponsorship rights, promotion of sports events. Its share capital will be Rs 1 lakh.
Oracle Financial Services Software. Current Price: ₹10191.10 (-3.53%)
Shares of Oracle Financial Services Software fell 6.46 per cent intra-day to Rs 9881.75 on weak December quarter results. Oracle Financial Services Software’s consolidated profit fell 27% year-on-year to ₹541.3 crore and revenue fell 5.9% to ₹1,715.2 crore in the December quarter.
Infosys. Current Price: ₹1926.20 (-1.21%)
On fears of weak results, Infosys shares fell 1.64 percent intra-day to Rs 1917.75. When the results came after the close of equity market trading, it was better than expected. In the December quarter, the company’s net profit increased by 11.4 percent to Rs 6806 crore while the estimate was Rs 6734 crore.
Vaaree Renewable Tech. Current Price: ₹1076.75 (-6.04%)
Shares of Wari Energies subsidiary Wari Renewable Tech fell 10.55 per cent intra-day to Rs 1025.00 on weak December quarter results. Its consolidated net profit fell 17 percent year-on-year to Rs 53.5 crore in the December 2024 quarter.
Kalyan Jewellers. Current Price: ₹539.00 (-2.87%)
Barring just one day, Kalyan Jewelers has been falling continuously since the December quarter trading update was released. The company had released December quarter trading updates on January 7, 2025 and since then it had strengthened by more than 4 per cent only on January 14 and weakened in the remaining seven trading days. Talking about today, it had fallen by 6.60 percent to Rs 518.30 in intra-day. The results will come on January 30.
(All prices are from BSE)
Kalyan Jewelers business updates
Infosys Q3 Results: Net profit increased by 11% in December quarter, results were better than expected.
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