Gainers & Losers: Amid the rise in most Asian markets, the domestic stock market also remained bullish. Initially Sensex-Nifty were in the red zone but once they recovered, they remained green till the end of the day. The market today got strong support from realty, pharma, IT and auto sectors and their Nifty indices strengthened by more than 1 percent each. At the end of the day, domestic equity benchmark index BSE Sensex closed at 76,520.38 with a rise of 115.39 points or 0.15% and Nifty 50 also closed at 23,205.35 with a rise of 0.22% or 50.00 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
Paras Defense and Space Tech. Current Price: ₹1078.45 (+4.84%)
Paras Defense and Space Tech signed an MoU with the Maharashtra government, due to which shares jumped 9.85 percent to Rs 1130.00 in intra-day today. This MoU pertains to an Optics Park project in Navi Mumbai which is scheduled to commence in 2028. After allotment of land and subsidy from Maharashtra Government, the company has proposed to invest about Rs 12 thousand crore in Optics Park in 10 years. Maharashtra government will help in whatever clearance or approval is required for this park.
Wipro. Current Price: ₹317.65 (+2.78%)
Today, on the explosive December quarter results, the shares also jumped 5.02 percent intra-day to reach a one-year record high of Rs 324.55. The December quarter was the fourth consecutive quarter for Wipro in which the company’s margins have increased. The company’s EBIT margin reached a three-year high in the December quarter. Consolidated net profit increased by 4.5 percent on a quarterly basis to Rs 3,354 crore, revenue jumped 0.1 percent to Rs 22,319 crore. EBITDA grew by 4 per cent quarter-on-quarter and 12.5 per cent year-on-year to ₹4700 crore.
Amber Enterprises. Current Price: ₹6774.00 (+7.79%)
Ahead of the December quarter results, shares of Amber Enterprises became a rocket today and jumped 11.92 per cent to Rs 7033.45 intra-day. The company is likely to turn profitable in the December 2024 quarter, whereas it had incurred a loss of Rs 50 lakh in the December 2023 quarter.
MPS. Current Price: ₹2200.00 (+9.92%)
When MPS announced dividend today, the shares became rocket and jumped 14.15 percent intra-day to reach Rs 2284.65. Along with the December quarter results, the company has announced the first interim dividend of this financial year 2025. The record date of this interim dividend of ₹33 is January 29. It will be credited by 21st February. Earlier, the company had distributed a final dividend of Rs 45 in August 2024.
UltraTech Cement. Current Price: ₹11422.70 (+6.81%)
After the December quarter results came out, shares of UltraTech Cement became a rocket and today it was the top gainer of Sensex. The stock jumped 8.13 per cent to ₹11563.55 intra-day. The sales volume of UltraTech, the country’s largest cement company in terms of capacity, in the domestic market has increased by 10 percent on an annual basis in the December quarter.
These shares collapsed
HUL. Current Price: ₹2327.00 (-0.68%)
Shares of Hindustan Unilever Ltd (HUL) slipped 3.75 per cent intra-day to ₹2255.00 on weak December quarter results. HUL’s results signaled weak demand in urban areas added to the jitters among investors. In the December quarter, the company’s profit increased by 19 percent on an annual basis to ₹ 2989 crore. However, it also includes one-time income from the sale of Pureit business and if it is removed then it made a profit of Rs 2540 crore whereas in the December 2023 quarter its profit was Rs 2508 crore.
Colgate-Palmolive. Current Price: ₹2742.00 (-1.11%)
Shares of Colgate-Palmolive fell 2.09 per cent intra-day to Rs 2715.00 on weak results of HUL. The reason for this is that customers in urban areas are turning to smaller packs, which is a sign of decline in consumption. HUL CEO Rohit Java said that demand may remain weak in the coming times also.
Sammaan Capital. Current Price: ₹157.10 (-3.26%)
Samman Capital’s shares slipped today at the floor price of its qualified institutional placement (QIP) issue and fell 4.77 per cent to ₹154.65 intra-day. The company had announced on Wednesday that its Security Issues and Investment Committee has approved the QIP issue. The board has approved the floor price of ₹151.09 on which the company can also give a discount of 5 percent.
BPCL. Current Price: ₹271.15 (-2.36%)
Shares of Bharat Petroleum Corporation Limited (BPCL) slipped 2.63 per cent to ₹270.40 intra-day on weak December quarter results. Its net profit in the December quarter jumped 37 percent year-on-year to Rs 4649 crore but it remained below expectations.
HUDCO. Current Price: ₹221.50 (-2.57%)
Despite impressive December quarter results, HUDCO shares fell 4.84 per cent to Rs 216.35 intra-day. The reason for this is that the company’s board has approved the exit from Ind Bank Housing, the modalities of which have not been decided yet. Talking about the results, in the December quarter, its net profit jumped from ₹ 519 crore on an annual basis to ₹ 735 crore and Net Interest Income (NII) increased by 47 percent to ₹ 983 crore. The special thing is that no new NPA was created in the December quarter and three NPAs have been resolved. The company has also declared an interim dividend of Rs 2.05 per share, the record date of which is January 30.
(All prices are from BSE)
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