Gainers & Losers: The market stabilized today amid mixed signals from the global market. However, if we talk about Sensex, after falling 1,869.1 points in four trading days, today it has recovered only 169.62 points. After Rs 24.69 lakh crore lost in four trading days, today Rs 6.45 lakh crore has been recovered. Talking about domestic equity benchmark index, today BSE Sensex closed at 76,499.63 with a rise of 169.62 points or 1.22% and Nifty 50 also closed at 23,176.05 with a rise of 0.39% or 90.10 points. Talking sector wise, today except IT and FMCG, all the Nifty indices have closed in the green zone. 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
JSW Energy. Current Price: ₹548.45 (+5.87%)
JSW Energy’s shares jumped 7.23 per cent to Rs 555.50 intra-day after it received Letter of Intent (LoI) for the acquisition of KSK Mahanadi Power Company. KSK Mahanadi Power Company is currently going through the insolvency process and is the owner of a 3,600 MW thermal power plant located in Chhattisgarh.
Jindal Stainless. Current Price: ₹627.95 (+3.35%)
Jindal Stainless shares jumped 4.11 per cent to Rs 632.55 intra-day on bullish trend by brokerage firm Nuvama. Nuvama has upgraded its rating from Hold to Buy and also increased the target price from ₹756 to ₹836.
Indian Hotels Company. Current Price: ₹781.90 (+3.38%)
Shares today jumped 3.65 per cent to Rs 783.95 intra-day after Indian Hotels Company completed the acquisition of 55% stake in Rajscape Hotels for Rs 17.66 crore. Rajscape Hotels manages 16 hotels under the Tree of Life Resorts & Hotels brand.
BEL. Current Price: ₹269.90 (+3.99%)
BEL (Bharat Electronics Limited) has secured additional orders worth Rs 561 crore from December 23, 2024 till now. With this, its total order in the current financial year 2024-25 has now reached Rs 10,362 crore. On this disclosure, shares jumped 4.47 percent to Rs 271.15 intra-day today.
LIC. Current Price: ₹825.30 (+2.02%)
The board of LIC has approved inflow of equity capital of about Rs 58.50 crore in its Sri Lankan subsidiary Life Insurance Corporation (Lanka). Due to this, the shares jumped 2.36 percent intra-day today to reach Rs 828.00. However, after getting the approval of the Board, LIC will still have to take approval from the Indian Insurance Regulator IRDAI and the Central Bank of Sri Lanka.
These shares collapsed
Angel One. Current Price: ₹2372.30 (-2.94%)
On a quarterly basis, Angel One’s revenue and profit fell in the December quarter, its shock was also visible on the shares today and in intra-day it fell by 7 percent to Rs 2273.00. In the December quarter, it had a revenue of Rs 1262 crore, which was 19 percent more on an annual basis but 17 percent less on a quarterly basis. In the December quarter, it achieved a net profit of Rs 281 crore, which was 8 percent more on an annual basis but 34 percent less on a quarterly basis. It got a big blow from the new rules of F&O.
HCLTech. Current Price: ₹1820.05 (-8.32%)
Shares of HCLTech, the country’s third largest IT company, fell at the fastest pace in 10 years the day after the December quarter results were announced. In intra-day it fell by 9.41 percent to Rs 1798.40. This selling pressure in its shares came due to no change in the margin guidance.
Bartronics India. Current Price: ₹22.05 (-1.56%)
Bartronix India’s promoter Kinex India is selling its 1.91 crore shares i.e. 6.29% stake through Offer for Sale (OFS) at a price of Rs 22 per share. Due to this, the shares fell by 2.41 percent to the price of Rs 21.86. Its offer for sale was open for non-retail investors on January 14 and will now open for retail investors on January 15.
United Spirits. Current Price: ₹1407.00 (-5.11%)
On the announcement of changes at the upper level, shares of United Spirits fell by 1.20 percent intra-day to Rs 1465.00. Hina Nagarajan will now take up a new role within the Diageo Group and has resigned as MD and CEO of United Spirits with effect from March 31, 2025. The board has appointed Praveen Someshwar as MD and CEO, effective April 1, 2025.
Tech Mahindra. Current Price: ₹1648.60 (-0.46%)
Before the release of December quarter results, Tech Mahindra shares are facing selling pressure and today in intra-day it fell by 2.11 percent to Rs 1621.30. Its results will come on January 17.
(All prices are from BSE)
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