D-Street Newsmakers: Hindalco, Mazagon Dock Shipbuilders and Campus Activewear among stocks that hogged limelight today
Led by weakness in banking, IT and energy stocks, Indian equities ended lower for the fourth straight session in Wednesday’s session. At the close, Nifty ended weak by 0.8 per cent at 22,704.7. On the market performance, Vinod Nair, Head of Research, Geojit Financial Services said weak global cues prompted investors to take profits ahead of the US core PCE data, a key gauge of inflation that is anticipated to rise. He added that the continued soaring of global inflation, like the latest trend in Japan and Australia is diminishing investor expectation of a US Fed rate cut in the near term.
Here are the newsmakers on the D-Street today:
Mazagon Dock Shipbuilder
After the PSU company reported strong Q4 numbers, shares of the shipbuilder ended over 10 per cent higher at Rs 3358.2.
Samvardhana Motherson
After PAT at the company more than doubled during Q4, the company’s shares marked a new 52-week high and ended at Rs 147.60, up 4 per cent.
Campus Activewear
Shares of the footwear company recorded gains of 19 per cent and settled at Rs 296.7 as the scrip recorded spurt in volume by 27 times.
Hindalco
Hindalco gained attention after the company’s subsidiary filed for its IPO in the US. Shares of the company ended higher by nearly 4 per cent at Rs 705.5
Apollo Hospitals
Ahead of its Q4 results due to be announced tomorrow, shares of the company ended flat with a negative bias at Rs 5897.40.