Gainers & Losers: US President Donald Trump’s policy of increasing investment in AI has brought an uproar in the Asian market. Amidst the rise in most of the Asian markets, there was a good rise in the domestic stock market also. However, there was a lot of volatility and Sensex-Nifty had also entered the red zone intra-day. After Trump’s announcement, the market got strong support from IT stocks and its Nifty index closed more than 2 percent higher. At the end of the day, domestic equity benchmark index BSE Sensex closed at 76,404.99 with a rise of 566.63 points or 0.75% and Nifty 50 also closed at 23,155.35 with a rise of 0.57% or 130.70 points. Talking about individual stocks, there was strong movement in some stocks due to their special activity. Here details are being given about these shares including the reasons for fluctuations.
These shares rose with rocket speed
South Indian Bank. Current Price: ₹26.81 (+3.91%)
Despite good December quarter results, shares of South Indian Bank had fallen more than 5 per cent intra-day the previous trading day. However, today the buying of shares increased and it jumped 4.65 percent intra-day to reach Rs 27.00. In the December quarter, its net profit increased by 11.95% year-on-year to Rs 341.87 crore, total income increased by 6.88% to Rs 2,817.96 crore and net interest income increased by 6% to Rs 869.2 crore. Against Advances, gross NPA declined from 4.40 per cent to 4.30 per cent on a quarterly basis and net NPA improved from 1.31 per cent to 1.25 per cent.
Jana Small Finance Bank. Current Price: ₹438.05 (+19.54%)
Despite decline in profit in the December quarter, investors pounced on Jan Small Finance Bank shares and it jumped 19.99 per cent to reach the upper circuit of ₹439.70 intra-day. The bank’s net profit fell 17.8 per cent year-on-year to ₹110.66 crore in the December quarter. However, during this period, net interest income increased by 8.1 percent to ₹ 539 crore. On a quarterly basis, gross NPA improved from 2.97 per cent to 2.79 per cent and net NPA from 0.99 per cent to 0.94 per cent.
HDFC Bank. Current Price: ₹1665.05 (+1.42%)
Just before the results came, HDFC Bank was in the red zone but then suddenly it gained momentum and closed in the green zone. It jumped 1.83 percent to reach ₹1671.85 intra-day. It had fallen to a low of Rs 1625.30, that is, there was a recovery of 2.86 percent from the low level. Now talking about the results, the bank’s profit in the December quarter increased from Rs 16,372 crore to Rs 16,735 crore on an annual basis.
Aditya Birla Fashion & Retail. Current Price: ₹278.60 (+0.52%))
Aditya Birla Fashion and Retail has announced to raise Rs 1,860 crore through Qualified Institutional Placement (QIP) of equity shares. On this, today the share jumped 2.40 percent to reach ₹ 283.80 in intra-day. The board approved the issuance of 6.85 crore equity shares at a price of Rs 271.3 per share to Amansa Holdings, SBI Life Insurance, Quant Mutual Fund, HDFC Life Insurance, BofA Securities Europe, Maybank Securities and Aditya Birla Sun Life Trustees, among other investors. Is.
Infosys. Current Price: ₹1856.60 (+3.16%)
When US President Donald Trump revealed plans to increase investment on AI, IT shares became rockets in the domestic market. Infosys became the top gainer of Sensex. In intra-day it jumped 3.64 percent to reach ₹ 1865.40.
These shares collapsed
India Cements. Current Price: ₹319.20 (-8.35%)
Shares of India Cements fell 12.88 per cent intra-day to Rs 303.45 on weak December quarter results. In the December quarter, the company’s standalone loss increased by 2497.45 per cent year-on-year to Rs 428.84 crore and sales also fell from Rs 1081.88 crore to Rs 903.16 crore during this period. During this period, the company went from EBITDA profit of Rs 49 crore to EBITDA loss of Rs 188.4 crore.
Newgen Software Tech. Current Price: ₹1232.30 (-5.61%)
As Jefferies downgraded Newgen Software Tech from buy to underperform and also cut the target price, its shares weakened for the fifth consecutive trading day. Its shares fell 10.99 per cent to ₹1162.00 intra-day. The brokerage has reduced the target price from ₹1500 to ₹1240. The brokerage said its business results were weaker than expected but annuity revenues and sluggish growth in its India business were the main negative surprises.
Akum Drugs. Current Price: ₹581.75 (-7.10%)
Shares of Acums Drugs fell 8.50 per cent to ₹573.00 intra-day on Income Tax Department raids. However, the company says that business is continuing as normal.
Jai Balaji. Current Price: ₹153.05 (-0.16%)
Due to pledging of shares, shares of Jai Balaji Industries fell 4.96 per cent to ₹145.70 intra-day. The company has pledged the shares with Catalyst Trusteeship which acts as security trustee on behalf of the lenders. Due to the stock split in the ratio 1:5, the number of its pledged shares is now 15,39,11,165.
Macrotech Developers. Current Price: ₹1079.90 (-5.85%)
Shares of Macrotech Developers fell 7.35 percent intra-day to ₹1062.75 due to dispute between two brothers. According to a report by CNBC-TV18, company CEO Abhishek Lodha has filed a case in the Bombay High Court against his younger brother Abhinandan Lodha.
(All prices are from BSE)
HDFC BANK Q3 Result: Profit increased to Rs 16,735 crore, NII increased to Rs 30,653 crore
Shares of Macrotech Developers fell by 7%, sentiments deteriorated due to infighting between Lodha brothers on trademark.
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