Gainers & Losers: Selling in the global market also created pressure in the Indian market. Due to this, domestic equity benchmark indices BSE Sensex and Nifty 50 fell by more than 1 percent each. In this outcry, Rs 12 lakh crore of investors were lost. Talking about domestic equity benchmark index, today Sensex closed at 76330.01 with a fall of 1048.90 points i.e. 1.36% and Nifty closed at 23085.95 with a slip of 1.47% i.e. 345.55 points. Talking sector wise, today all 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.
These shares rose with rocket speed even in the collapsing market
Biocon. Current Price: ₹364.70 (+1.12%)
Shares of Biocon Biologics jumped 4.74 per cent to Rs 377.75 intra-day after US drug regulator FDA placed Biocon Biologics’ insulin facilities in Johor Bahru, Malaysia as Voluntary Action Indicated (VAI). The US FDA clearance for the Malaysia facility and pre-approval for the Bengaluru facility have boosted confidence in the company’s biosimilar launch pipeline, due to which BofA has maintained its buy rating and also raised the target price to Rs 435 from Rs 400. Has given.
Water Idea. Current Price: ₹7.74 (-0.13%)
When Voda Idea paid the old dues of Rs 1910 crore of Indus Towers through cash, its shares jumped 4.26 per cent to Rs 8.08 intra-day. However, by the end of the day it came into the red zone due to profit booking. This cash company was raised by issuing fresh equity on preferential basis from British promoter Vodafone Group. After this, Vodafone’s stake in Voda Idea has increased from 22.56 percent to 24.39 percent.
HUL. Current Price: ₹2453.00 (+0.45%)
Hindustan Unilever Limited (HUL), the country’s largest company in the FMCG sector, on Friday announced the creation of a new subsidiary, Kwality Wall, by separating the ice cream business. On this announcement, even in the collapsing market, its shares jumped 0.81 percent intra-day to reach Rs 2461.75.
IndusInd Bank. Current Price: ₹941.45 (+0.41%)
On the report of doubling of the dominance of IndusInd Bank in MSCI index, its shares jumped 3.81 per cent to Rs 973.30 intra-day. According to the report of Nuwama Alternative and Quantitative Research, due to the recent selling by foreign investors, its weight may increase in the February 2025 review as the scope has increased. If the weightage of IndusInd Bank increases, an investment of 25-30 crore dollars can come in it. MSCI rebalancing is in February and inflows will be adjusted on February 28. Foreign investors reduced their stake from 55.53 per cent to 46.63 per cent in the December quarter.
Axis Bank. Current Price: ₹1048.95 (+0.78%)
Axis Bank will release December quarter results on January 16 and buying of its shares increased before the results, so it jumped 2.12 percent to Rs 1062.90 in intra-day.
These shares collapsed
Adani Wilmar. Current Price: ₹262.45 (-10.00%)
There was a wave of selling in Adani Wilmar’s shares on the offer for sale issue for the second consecutive trading day. Talking about today, it fell 10 percent intra-day to ₹ 262.45, which is a one-year record low for its shares. Under the offer for sale, one of its promoters, Adani Commodity, is selling 15.01% stake at a floor price of ₹275.
Rail Vikas Nigam Ltd (RVNL). Current Price: ₹358.50 (-8.85%)
Even after falling by about 45% from the record high, the valuation of the shares of Rail Vikas Nigam is high due to which the fall of the shares is not stopping. Today in intra-day it fell by 9.52 percent to the price of Rs 355.85. Last year, on July 15, 2024, it reached a record high of Rs 647. Talking about valuation, its RSI is 30 which is in the oversold zone but still above the historical average multiple. RVNL shares are currently priced at 42.7 times the FY2026 price-to-earnings multiple, while its five-year average is only 12 times.
PB Fintech. Current Price: ₹1691.00 (-8.90%)
After brokerage firm Morgan Stanley reduced both the rating and target price of Policybazaar’s parent company PB Fintech, its shares fell 9.22 per cent to Rs 1685.00 intra-day. Morgan Stanley has reduced its rating from equal weight to underweight due to lower than expected profits and high valuation. Target price has also been reduced to Rs 1200.
Paytm. Current Price: ₹789.55 (-6.79%)
Last month in December, Paytm’s dominance in the UPI market did not increase, the selling of Paytm’s shares started on the related report of UBS and has not stopped yet. Today in intra-day it fell by 7.31 percent to the price of Rs 785.10. It has fallen by 20 percent in five trading days. In October, Paytm got approval to add new customers, but its share in the UPI market fell from 10 percent at the beginning of January 2024 to 5.5 percent at the end of December 2024.
Asian Paints. Current Price: ₹2252.75 (-2.89%)
Due to US sanctions, Brent crude oil crossed $ 81, which is a record high of three months. Due to this, shares of Asian Paint slipped 3.31 percent intra-day to Rs 2247.05. America has imposed sanctions on Russian oil producing companies, which may affect supplies to important importers like India and China. This gave a big blow to the companies that use crude oil as an important input.
SEBI’s circular on SIF will come soon, this is why we are eagerly waiting for it
An announcement from America, these big stocks fell by 6%
(All prices are from BSE)