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 also fell. Today Sensex closed at 77,378.91 with a fall of 241.30 points or 0.31% and Nifty closed at 23,431.50 with a slip of 0.40% or 95.00 points. Talking sector wise, only the IT sector remained green and the rest of the Nifty indices closed in the red zone. Nifty IT closed today with a gain of more than 3 percent. 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
Delta Corp. Current Price: ₹118.00 (+4.10%)
Shares of Delta Corp jumped 15.39 per cent intra-day to Rs 130.80 after the Supreme Court stayed the GST notice of Rs 1.12 lakh crore. Due to the Supreme Court ban, the tax authorities will not be able to take action against the company until the final decision is taken. The final hearing of the case will be held on March 18.
TCS. Current Price: ₹4265.55 (+5.67%)
Due to better than expected profits and strong order book in the December quarter, most of the brokerages are bullish. In such a situation, even in the falling market, its shares jumped 6.44 percent intra-day today to reach the price of Rs 4296.80.
IRCTC. Current Price: ₹779.55 (+2.10%)
As Macquarie initiated coverage of IRCTC with an outperform rating, its shares jumped 4.87 per cent to Rs 800.65 intra-day. Macquarie has fixed its target price at Rs 900.
Tech Mahindra. Current Price: ₹1703.00 (+3.63%)
Tech Mahindra shares got strong support from TCS results. Its results are going to come next week on 17th January. Before the results came, its shares jumped 4.27 percent intra-day today to reach Rs 1713.45 on the last trading day of this week.
Marico. Current Price: ₹672.20 (+0.85%)
Nomura has called the valuation of FMCG at an attractive level considering the strong growth prospects. Motilal Oswal is also bullish on Marico. In such a situation, its shares jumped 1.91 percent intra-day today to reach Rs 679.30. Nomura has fixed its target price at Rs 760 and Motilal Oswal at Rs 750.
These shares collapsed
Adani Wilmar. Current Price: ₹291.60 (-9.99%)
Adani Wilmar shares fell 10 per cent intra-day to the lower circuit of Rs 291.60 due to selling of 20% stake at cheap prices. The company’s promoter Adani Commodities is selling shares at a price of Rs 275 through offer for sale.
Tata Elxsi. Current Price: ₹6003.15 (-6.84%)
Shares of Tata Elxsi slipped 8.06 per cent intra-day to Rs 5924.00 on weak December quarter. The company’s profit fell 13.3 percent on quarter-on-quarter basis to Rs 199 crore in the December quarter, revenue slipped 1.7 percent to Rs 939.2 crore, EBIT also fell 7.8 percent to Rs 220.6 crore. Margin also fell by 0.55 percent to 24.5%.
GTPL Hathway. Current Price: ₹129.50 (-11.99%)
Shares of GTPL Hathway today fell 12 per cent intra-day to Rs 129.50 due to sharp decline in profit in the December quarter. In the December 2024 quarter, GTPL Hathway’s consolidated profit fell by 57 per cent to Rs 10.2 crore on an annual basis, but during this period, revenue increased by 4.3 per cent to Rs 887.3 crore.
IREDA. Current Price: ₹201.20 (-6.81%)
Shares fell 7.87 per cent to Rs 198.90 due to weak asset quality in the December quarter. Its gross NPA increased from 2.19 percent to 2.68 percent on a quarterly basis and net NPA jumped from 1.04 percent to 1.50 percent.
IndusInd Bank. Current Price: ₹937.60 (-4.41%)
When Goldman Sachs downgraded the rating, shares of IndusInd Bank fell 4.84 percent intra-day to Rs 933.45. Goldman reduced its rating from buy to neutral and also reduced the target price from Rs 1318 to Rs 1090.
(All prices are from BSE)
Investors ecstatic over this order of the Supreme Court, shares of Delta Corp and Nazara Tech jumped by more than 15%
TCS Outlook: What to do with TCS after results? Buy or sell, experts gave this advice
Adani Wilmar Share: Adani Wilmar shares crashed up to 9%, Adani Group is selling 20% stake at cheap price.
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