Market

Biggest gainers & losers of the day: Realty, IT stocks shine; Kitex tanks 10%

New Delhi: Domestic equity markets continued their winning streak for the third straight session, as reassurance by the US Fed to keep interest rates near zero boosted investors’ morale. IT and banking stocks were in focus, while auto counters witnessed profit booking.

The 30-share pack Sensex climbed 254.80 points or 0.48 per cent to close at 53,158.85. Its broader peer NSE Nifty rose 70.25 points or 0.44 per cent to 15,924.20. Both indices rose for the third day, climbing fresh peaks. Broader markets posted mild gains.

Real estate counters were back in demand. Midcap IT stocks remained in focus after strong management commentaries. On the flip side, investors booked profits in multiple stocks, following negative newsflow.

Here is a look at some of the biggest movers and shakers of Thursday’s session:

TOP GAINERS OF THE DAY


Realty stocks: The real estate counters have been in focus after companies provided strong updates for the June 2021 quarter. Sobha Surged 19 per cent to Rs 674.25.

, and Brigade Enterprises gained 6 per cent each.

L&T Technology Services: The engineering services arm of Larsen and Toubro Group reported a net profit of Rs 208.60 crore, a rise of 83.30 per cent against the profit of Rs 113.80 crore during the previous quarter ended June 2020. The scrip rallied 18 per cent to Rs 3,446.95.

JSW Energy: The electric utility firm added 9 per cent to Rs 188.70. The company said it will seek shareholders approval to raise up to Rs 5,000 crore via equity shares, bonds and other such securities in its annual general meeting on August 4, 2021.

Intellect Design Arena: The shares of IT firm surged 9 per cent to Rs 772.60 after its promoter Arun Jain and his daughter Aarushi Jain settled an alleged insider trading case with Sebi by paying Rs 1.76 crore collectively.

Cyient: The IT firm was high in demand ahead of its Q1FY22 results. IT companies have been reporting strong numbers in the given quarter. The counter settled at Rs 945.6, 8 per cent higher.

TOP LOSERS OF THE DAY

Kitex Garments: The world’s second largest kidswear manufacturer tanked 10 per cent to Rs 183.65 after BSE sought clarification from the company over its press release.

Dolat Investments: The financial services firm shed 9 per cent to Rs 104.85 as investors took some profits off the table after a sharp 40 per cent rise in the counter in the last one month.

Jubilant Pharmova: The integrated global pharmaceuticals company tanked 7 per cent to Rs 701.30 after the company announced that the USFDA inspection conducted at its dosage formulations facility at Roorkee during March 2021 has placed the facility under import alert.

Edelweiss Financial Services: Investors booked profits in the Jhunjhunwala-owned company after a sharp 30 per cent rise in the last one month. The scrip settled at Rs 89.90, 5 per cent lower.

HFCL: The telecom operator reported a marginal decline in revenue and profits to Rs 1,108.2 crore and Rs 80.54 crore, respectively in the June 2021 quarter, compared to March 2021 quarter. The counter shed 5 per cent to Rs 78.50.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button