Titan, Britannia and PNB among 7 stocks that hogged limelight today
Indian equity benchmarks ended on a mixed note with Nifty ending in the red, while Sensex ended flat with a positive bias. Nifty at the close settled lower by 33.15 points or 0.15 per cent at 22,442.7, while Sensex ended higher by 17.39 points or 0.02 per cent at 73,895.54. Meanwhile, broader indices also witnessed major selling pressure due to valuation concerns and profit booking.
Titan
Shares of the company fell sharply by more than 7 per cent to Rs 3,281.65 as the company’s Q4 profit was below estimates. Analyst believe that margins will remain under pressure in near term.
DMart
Shares of the retail company ended flat with a negative bias at Rs 4,607.1 even as JP Morgan double upgraded the stock to ‘overweight’ from the earlier ‘underweight’ view.
Kansai Nerolac
Shares of the paint maker ended a tad lower at Rs 287.65 even as the company reported an 8 per cent on year increase in Q4 PAT.
PNB
Shares of the state-run lender corrected over 6 per cent to Rs 127.1 in line with the broader losses within the PSU Bank pack post RBIs new diktat concerning project financing.
Paytm
Shares of the fintech company ended locked in 5 per cent lower circuit at Rs 351.7 after the company’s COO and President Bhavesh Gupta tendered his resignation.
Britannia
Shares of the biscuit-maker ended nearly 7 per cent higher at Rs 5,060.75 as the company reported largely in-line Q4 results with margins reported at 19.3 per cent.
M&M Finance
Shares of the NBFC company ended around 3 per cent lower at Rs 259.85 as global brokerages remained divided on the stock post its Q4 show.