Gainers & Losers: The domestic stock market was shaken by the detection of cases of HMPV, a new Corona-like virus spread in China, in India. Due to this, domestic benchmark indices BSE Sensex and Nifty 50 collapsed. Once the Sensex had fallen to 77,800 and Nifty to 23550 intra-day. At the end of the day, Sensex closed at 77,964.99 with a fall of 1258.12 points or 1.59% and Nifty closed at 23616.05 with a slip of 1.62% or 388.70 points. However, in this selling environment, due to special activities, some stocks rose strongly and even reached record highs, while some fell heavily. Here, details are being given about these shares including the reasons for fluctuations.
These shares rocket even in the collapsing market
Easy Trip Planners. Current price: ₹16.23 (+4.57%)
When Nishant Pitti, co-founder and promoter of Easy Trip Planners, said that now no promoter of the company will sell any further stake, its shares jumped 14.95 percent intra-day to Rs 17.84. Recently, he stepped down as CEO the day after selling his 1.4 percent stake, which dealt a major blow to the shares. After him, his brother Rikant Pitti became the CEO of the company and Nishant is also associated with the company as chairman. Nishant’s focus will be on international expansion and Rikant’s focus will be on day-to-day operations.
ITI. Current Price: ₹545.80 (+19.37%)
Due to the government’s ongoing efforts on infrastructure and increasing demand for telecommunications equipment, shares of ITI, a government company in the telecom equipment and accessories sector, jumped 20 percent intra-day to reach the upper circuit of Rs 548.70, which is a record high for its shares. ITI’s participation in several strategic government contracts has further strengthened its market presence.
Nykaa. Current Price: ₹171.60 (+2.30%)
Nykaa’s parent company FSN E-Commerce’s explosive December quarter business update provided strong support to the shares and they jumped 5.22 per cent to Rs 176.50 intra-day. The company says that its revenue in the December quarter may increase by more than 20 percent on an annual basis in the December 2024 quarter.
Jubilant Food. Current Price: ₹765.95 (+0.93%)
On the explosive business update of Jubilant Food, its shares jumped 4.99 percent intra-day to Rs 796.75 even in the falling market, which is also a one-year record high for its shares. In the December quarter, the company’s consolidated revenue may increase by 56.2 percent year-on-year to Rs 2153 crore and standalone revenue may increase by 18.9 percent to Rs 1611 crore.
SBI Cards. Current Price: ₹731.25 (+1.13%)
Shares jumped 5.12 per cent to Rs 760.15 after two brokerage firms raised their target prices on SBI Cards citing improvement in asset quality and possibility of interest rate cuts. Nomura has now made its target price Rs 825 and Nuvama has made it Rs 850. Both have given it a buy rating.
This stock is booming
Union Bank of India. Current Price: ₹114.70 (-7.54%)
Union Bank of India’s total deposits (global) declined by 2.04 per cent quarter-on-quarter in the December quarter, due to which shares fell 8.30 per cent intra-day to Rs 113.75. However, on annual basis, total deposits (global) increased by 3.76 percent to Rs 12.16 lakh crore.
Andhra Paper. Current Price: ₹91.22 (-4.23%)
Shares of Andhra Paper slipped 5.42 per cent to Rs 90.09 intra-day as work at its manufacturing plant in Rajahmundry was affected since January 3 due to a strike called by workers trade unions. The management of the company is in talks with the trade unions to resolve the issue as soon as possible. Trade unions are demanding a higher increase in salaries next time. Due to the strike, production is facing a hit of about 510 metric tons every day.
Premier Explosives. Current Price: ₹₹503.80 (-8.57%)
A fire broke out at Premier Explosives’ factory in Peddakandukur, Telangana on January 4. Due to this, the shares also got burnt today and in intra-day it fell by 9.78 percent to Rs 497.10. Due to this fire, the buildings and equipment of the pyrotechnic manufacturing facility have been damaged. One person died and one person was seriously injured in this accident, who has been admitted to a hospital in Hyderabad for treatment. The damaged properties were fully insured.
Gujarat Toolroom. Current Price: ₹18.04 (-4.95%)
North Star Opportunities Fund VCC-Bull Value Incorporated VCC sub-fund sold its 4.3% stake in Gujarat Toolroom for Rs 18.98 crore at an average price of Rs 18.98 per share. North Star Opportunities Fund held 7.75% stake in the company till December 20, 2024. Due to this heavy selling, shares of Gujarat Toolroom slipped 4.95 percent intra-day today to the lower circuit of Rs 18.04.
(All prices are from BSE)
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