Newsmakers: Sharda CropChem, Bandhan Bank, Exide Industries and Vodafone Idea among top 10 stocks that moved the most today
The week kicked off with the Indian markets witnessing the biggest fall since April 2021. The benchmark indices ended lower by 2.6 per cent each as Nifty closed at 17,149.10, down 468.05. points and the Sensex settled over 15,000 points lower to 57,491.51.
The Sensex both gave up crucial 17,000 and 57,000 as the indices slipped briefly to day's lows of 16,997.85 and 56,984.01, both slipping more than 3.5 per cent on a single day. Sectorally Realty, Metal, IT and Media declined the most, while mid cap and small cap corrected up to 5 per cent during the day. Here are the top 10 buzzing stocks
Sharda CropChem: Up 15.54%
The shares of the company closed in the green at Rs 438.20 with a gain of 15.54 per cent as per BSE. As per NSE, the shares of the company closed in green at Rs 432.50 with a gain of 14.03 per cent. The company has reported a 110% YoY rise in the consolidated profit at Rs 101 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 48 crore in the corresponding quarter last year. The company's revenue from operations grew 78% YoY to Rs 880 crore compared to Rs 494 crore posted last year. EBITDA grew 74% to Rs 188.43 crore compared to Rs 108.44 crore posted last year. Margin stood at 21.41% in Q3FY22 compared to 22% posted in Q3Fy21. Besides, the company has declared a dividend of Rs 3 per equity share. The record date is February 2, 2022. Source: shardacropchem.com
Bandhan Bank: Up 4.19%
The shares of the company closed in the green at Rs 307.40 with a gain of 4.19 per cent as per BSE. As per NSE, the shares of the company closed in green at Rs 306.50 with a gain of 3.72 per cent. The private lender has reported a 36% YoY rise in the profits at Rs 859 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 632 crore in the corresponding quarter last year. The bank's net interest income grew 2.6% YoY to Rs 2,125 crore compared to Rs 2,072 crore posted last year. Provisions for the quarter fell 25% YoY to Rs 806 crore from Rs 1,078 crore in the same period last year. Sequentially, provisions fell 86% QoQ from Rs 5,613 crore posted in the previous quarter ended September 30, 2021. Source: Bandhan Bank Twitter
ITDC: Up 1.83%
The shares of the company closed in the green at Rs 396.95 with a gain of 1.83 per cent as per BSE. As per NSE, the shares of the company closed in green at Rs 393.50 with a gain of 0.88 per cent. A cabinet note on the divestment of ITDC has been given to the Cabinet Secretary, sources aware of the development. PMO, DIPAM and Tourism Ministry meeting on divestment was held yesterday. Discussion on asset monetisation of Ashok Hotel is likely to be discussed in the Cabinet soon. The government has plans to lease around 2 acres of land out of 8.1 acres for 60 years to raise around Rs 7,000 crore. It is planning to raise Rs 5000 crore by leasing out Ashoka Hotel and Rs 2,000 crore through asset monetisation of Ashok Hotel plans. Source: itdc.co.in
Exide Industries: Down 1.70%
The shares of the company closed in the red at Rs 173 with a fall of 1.70 per cent as per BSE. As per NSE, the shares of the company closed in red at Rs 173 with a fall of 1.76 per cent. 'Exide Industries Limited' ('EIL') has increased its stake in JV Exide Leclanche Energy by 0.9%to 84.9% with an investment of around Rs 20 crore. The JV is into manufacture, assembly, trade, sale and distribution of lithium-ion batteries, module making and associated systems (“Products”) in the Territory (“Battery Pack Assembly Plant”). Source: exideindustries.com
HDFC Ltd: Down 2.19%
The shares of the company closed in the red at Rs 1487.45 with a fall of 2.19 per cent as per BSE. As per NSE, the shares of the company closed in red at Rs 1,484.60 with a fall of 2.43 per cent. Subsidiary HDFC Capital raises around Rs 14,000 crore for the affordable housing fund. The fund was primarily invested by the Abu Dhabi Investment Authority. Source: HDFC Bank Twitter
Titagarh Wagons: Down 2.75%
The shares of the company closed in the red at Rs 111.60 with a fall of 2.75 per cent as per NSE. As per BSE, the shares of the company closed in red at Rs 110.95 with a fall of 3.10 per cent. Titagarh Firema S.p.A., the subsidiary of the Company in Italy ('TFA'), has signed the framework agreement for design, manufacture, supply and ten years of maintenance of 38 trainsets of Metro for Lazio Regione, Italy. The total value of the framework agreement is Euro 282 million, equivalent to Rs 2,380 crore approx. Source: titagarh.in
Reliance Industries: Down 3.95%
The shares of the company closed in the red at Rs 2,379.90 with a fall of 3.95 per cent as per NSE. As per BSE, the shares of the company closed in red at Rs 2377.55 with a fall of 4.06 per cent. The conglomerate has reported a 32.7% QoQ rise in the consolidated profit at Rs 20,539 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 15,479 crore in the previous quarter ended September 30, 2021. The company's revenue from operations grew 10.4% QoQ to Rs 1,85,027 crore compared to Rs 1,67,611 crore posted in the previous quarter. Source: ril.com
PTC India: Down 5.24%
The shares of the company closed in the red at Rs 89.50 with a fall of 5.24 per cent as per BSE. As per NSE, the shares of the company closed in red at Rs 89.40 with a fall of 5.35 per cent. Rakesh Kacker has resigned as Independent Director on the Board of PTC India Ltd with immediate effect. Besides, the company has constituted an internal committee for issues of PFS and has also informed the matter to RBI and exchanges. All the independent directors were aware of the working of the company. Some issues are 10 years old. Source: ptcindia.com
Vodafone Idea: Down 7.59%
The shares of the company closed in the red at Rs 10.95 with a fall of 7.59 per cent as per NSE. As per BSE, the shares of the company closed in red at Rs 10.95 with a fall of 7.98 per cent. The telecom major has reported an expansion in the consolidated profit at Rs 7,231 crore in the quarter ended December 31, 2021, compared to Rs 7,132 crore posted in the previous quarter ended September 30, 2021. The company's revenue from operations grew 3.3% QoQ to Rs 9,717 crore compared to Rsa 9,406 crore posted in the previous quarter. Source: Vodafone Idea Twitter
Intellect Design: Down 8.78%
The shares of the company closed in the red at Rs 684.50 with a fall of 8.78 per cent as per BSE. As per NSE, the shares of the company closed in red at Rs 683.60 with a fall of 9.04 per cent. GTB launches cloud-native, contextual Virtual Account Management 2022 as a SaaS offering. Source: intellectdesign.com