Gainers & Losers: Selling in the Asian market also created pressure in the Indian market. Due to this, domestic equity benchmark indices BSE Sensex and Nifty 50 fell by more than half a percent each. Sensex closed at 77,620.21 with a fall of 528.28 points or 0.68% and Nifty closed at 23,526.50 with a slip of 0.69% or 162.45 points. Talking sector wise, only the FMCG sector remained green and the rest of the Nifty indices closed in the red zone. There was a lot of movement in some stocks in this collapsing market. Here, details are being given about these shares including the reasons for fluctuations.
climb up at the speed of a rocket
GTPL Hathway. Current Price: ₹148.25 (+8.97%)
GTPL Hathway, which provides a variety of telecom services including digital cable television and broadband internet, is scheduled to announce its results today and before that its shares became a rocket. It jumped 15.51 percent intra-day to reach Rs 157.15.
Anand Rathi Wealth. Current Price: ₹3942.70 (+2.63%)
Stock broking firm Anand Rathi Wealth announced on January 8 that the bonus issue will be considered in the meeting to be held on January 13. On this disclosure, today its shares jumped 7.60 percent intra-day to a price of Rs 4133.35.
Swiggy. Current Price: ₹507.60 (+3.45%)
When Bernstein initiated coverage of Swiggy with an ‘Outperform’ rating, the shares jumped 6.12 per cent to Rs 520.70 intra-day. The brokerage has fixed the target price of Rs 625 for this.
Bajaj Auto. Current Price: ₹8838.90 (+2.28%)
When brokerage firm CLSA upgraded its rating, the shares jumped 2.97 percent intra-day to reach Rs 8898.80. The brokerage has upgraded its rating from Underperform to Outperform at a target price of Rs 9493.
OK Play India. Current Price: ₹18.35 (+4.80%)
The fund raising proposal of toy company OK Play India will be considered in the meeting on January 14, due to which the shares jumped 4.97 per cent intra-day to Rs 18.38.
These shares collapsed
TCS. Current Price: ₹4036.65 (-1.72%)
Before the results were announced today, there was selling pressure in the shares of the country’s largest IT company Tata Consultancy Services (TCS) and in intra-day it fell by 2 percent to Rs 4025.45.
IREDA. Current Price: ₹215.90 (-3.31%)
Today, before the December quarter results, IREDA (Indian Renewable Energy Development Agency) shares witnessed selling pressure and fell by 4.32 per cent to Rs 213.65 in intra-day.
Sobha. Current Price: ₹1382.00 (-3.59%)
Sobha shares fell for the second consecutive day today on weak sales figures in the December quarter. It has weakened by more than 8 percent on closing basis in two consecutive days. Talking about today, it fell by 3.72 percent to Rs 1380.05 in intra-day.
MOIL. Current Price: ₹337.60 (-0.19%)
When MOIL was penalized due to excess production, there was selling pressure in the shares and it fell by 1.45 percent to Rs 333.35 in intra-day.
GMR Airports. Current Price: ₹76.12 (-0.85%)
GMR Airports entered into a share purchase agreement to buy 50 per cent equity preference shares of Bird Delhi General Aviation Services for ₹15.02 crore, its shares slipped 1.13 per cent to Rs 75.90.
(All prices are from BSE)
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