Newsmakers: Apollo Hospitals, Varroc Engineering, Tata Power and KPIT Technologies among top 10 stocks that moved the most on November 17
In a volatile trading, the Indian markets closed the Wednesday’s session in the red, as both the benchmark indices, Sensex and Nifty, slipped over 300 points and below the 17900-mark, respectively. The decline is mainly led by the banking and financial stocks, along with index heavyweight Reliance Industries at the market close. The BSE Sensex slumped 314 points or 0.52 per cent to 60008, and the Nifty dipped over 100 points or 0.56 per cent to 17898 levels at the market close. Here is a list of 10 buzzing stocks to watch out for:
Apollo Hospitals: Up 12.54%
The shares of the company closed in the green at Rs 5735.85 with a gain of 12.54 per cent as per the BSE. As per the NSE, the shares of the company closed in the green at Rs 5720 with a gain of 12.23 per cent. The healthcare company has reported a YoY rise in profit at Rs 267 crore for the quarter ended September 30, 2021, against Rs 59 crore posted in the year-ago quarter. Sequentially, the profit declined by 45% from Rs 491 crore. Its revenue grew by 35% YoY to Rs 3,717 crore as against Rs 2,761 crore posted last year. Sequentially, the revenue declined by 1.1% from Rs 3,760 crore. Source: Apollo Hospitals Twitter
KPIT Technologies: Up 8.24%
The shares of the company closed in the green at Rs 473 with a gain of 8.24 per cent as per the NSE. As per the BSE, the shares of the company closed in the green at Rs 466.40 with a gain of 6.50 per cent. The IT consulting and software company raised outlook for revenue and profit for the financial year 2021-22 (FY22). The company said for FY22 the revenue growth outlook has been increased to 18 to 20 per cent. Source: KPIT Technologies Twitter
PB Fintech: Up 7.75%
The shares of the company closed in the green at Rs 1446.40 with a gain of 7.75 per cent as per the BSE. As per the NSE, the shares of the company closed in the green at Rs 1435 with a gain of 6.94 per cent. On Monday, Capital Research And Management Co A/C New World Fund Inc bought 34,18,354 Shares at Rs 1192.96 per share. Source: pbfintech.in
Varroc Engineering: Up 6.35%
The shares of the company closed in the green at Rs 312.50 with a gain of 6.35 per cent as per the NSE. As per the BSE, the shares of the company closed in the green at Rs 311.10 with a gain of 6.09 per cent. Varroc Engineering posted a net loss in Q2. The year-on-year (YoY) revenues during the quarter under review were up 4 percent at Rs 3,032 crore versus Rs 2,916 crore. YoY EBITDA loss was of Rs 6 crore versus profit of Rs 266 crore; and net loss of Rs 297.2 crore versus loss of Rs 38.8 crore in the year-ago period. Source: varroc.com
Va Tech Wabag: Up 4.13%
The shares of the company closed in the green at Rs 369.45 with a gain of 4.13 per cent as per the BSE. As per the NSE, the shares of the company closed in the green at Rs 369.65 with a gain of 3.92 per cent. Va Tech Wabag’s standalone net profit for the second quarter ended in September 2021 more than doubled to Rs 19.46 crore. The revenue rose almost 43 per cent to Rs 504 crore. Source: wabag.com
Thyrocare Technologies: Up 3.97%
The shares of the company closed in the green at Rs 1219 with a gain of 3.97 per cent as per the BSE. As per the NSE, the shares of the company closed in the green at Rs 1211.05 with a gain of 3.34 per cent. Thyrocare Technologies reported 20.96 per cent higher total revenues for the September 2021 quarter on consolidated basis at Rs 191.40 crore. The revenues were up by 9.28 per cent on sequential basis compared to Rs175.14 crore in Jun 2021 quarter. Source: Thyrocare Twitter
Jamna Auto: Up 3.68%
The shares of the company closed in the green at Rs 111.35 with a gain of 3.68 per cent as per the NSE. As per the BSE, the shares of the company closed in the green at Rs 111.05 with a gain of 3.49 per cent. Meanwhile, the stock hit an all-time high of Rs 113.20 in the intraday trade earlier today. Source: jaispring.com
Tata Power: Up 2.27%
The shares of the company closed in the green at Rs 249.90 with a gain of 2.27 per cent as per the BSE. As per the NSE, the shares of the company closed in the green at Rs 249.80 with a gain of 2.17 per cent. The Ministry of Power has amended the norms of the Power Purchase Agreements (PPAs) and allowed the power producers to bundle renewable energy under existing power purchase agreements. The move is aimed at gradually reducing thermal power generation. Source: tatapower.com
IEX: Up 0.94%
The shares of the company closed in the green at Rs 817 with a gain of 0.94 per cent as per the NSE. As per the BSE, the shares of the company closed in the green at Rs 816.55 with a gain of 0.93 per cent. The Indian Energy Exchange (IEX) on Tuesday fixed December 6, 2021, as a record date to find out the eligibility of shareholders entitled for issuance of bonus equity shares. The company's board has recommended a bonus issue of equity shares in the proportion of 2:1, subject to the approval of shareholders through postal ballot. Source: iexindia.com
Punjab Alkalies & Chemicals: Down 2.09%
The shares of this company closed in red at Rs 196.70 with a drop of 2.09 per cent as per BSE. Plutus Wealth Management LLP acquired 2.5 lakh equity shares at Rs 194.24/share. Plutus Wealth already holds 40 lakh shares constituting 8.25% of share capital. Source: punjabalkalies.com