The market showed a consolidation mood for the third consecutive day. Nifty closed near 15700. ICICI Bank, HDFC TWINS and HUL put pressure in business today, but in the first 6 months of the year, NIFTY and Bank NIFTY gave strong returns of more than 12%. The market has given a flat closing for the June session. The consolidation mood continued for the third consecutive day. Mid Cap IT and Metals were the biggest gainers. On the other hand, the news of power distribution reform created a current in power stocks. Nifty closed at 15722. On the other hand, if we talk about the whole month, the Nifty gained 0.9 and the Sensex was up 1 percent.
Nifty closed 27 points lower at 15,722. At the same time, the Sensex closed 67 points lower at 52,483. Nifty Bank fell 238 points to 34,772 and Midcap climbed 70 points to close at 26,971. 35 out of 50 Nifty stocks were selling. 20 out of 30 Sensex stocks declined. 11 out of 12 stocks of Nifty Bank showed pressure.
The biggest movement in these stocks was
Reliance Industries | CMP: Rs 2,111 | The stock closed in the green today amid news of the signing of an agreement between ADNOC and Reliance to set up a world class chemical project in Abu Dhabi.
Cummins India | CMP: Rs 901.90 | The stock is up 6 per cent in today’s trading. Kotak Institutional Equities has maintained its buy call in this stock with a target of Rs 1,030. The company has made a profit of Rs 168.56 crore in the March quarter.
Graphite India | CMP: Rs 637 | The stock gained momentum today on the back of good Q4 FY21 results. The company’s profit in the fourth quarter stood at Rs 64 crore. At the same time, in the fourth quarter of last year, the company had a loss of Rs 7 crore. ICICI Direct has given a target of Rs 800 while maintaining buy rating in this stock.
Vindhya Telelink | CMP: Rs 1,314 | After the good results of March 2021, today this stock has seen a jump of more than 6 percent. During this period, the company’s profit has increased from Rs 38.26 crore to Rs 116.04 on a yearly basis. The company’s income has also increased from Rs 459.08 crore to Rs 556.56 crore.
Uflex | CMP: Rs 572.80 | The company has said that it will double its aseptic packaging capacity to 7 billion packs annually by March 2022. For this, it will invest Rs 120 crore. Due to this news, the stock has gone up 20 per cent today.
Polycab India | CMP: Rs 1,970 | India Ratings has upgraded the company’s long term rating from AA to AA+. Today this stock has also closed in the green mark.
IRCTC | CMP: Rs 2,039 | In the fourth quarter, the company’s profit has seen a decline of 23 percent. The company’s profit in the fourth quarter stood at Rs 103.78 crore. Whereas in the fourth quarter of last year, the company had a profit of Rs 135.14 crore.
Indiabulls Housing Finance | CMP: Rs 260.30 | The company’s board has approved a fund raising program of Rs 7,000 crore. Today this stock has closed with a decline.
Central Bank of India, IOB | These stocks continue to rise as they emerge as potential candidates for disinvestment. Even today these shares are up 9 per cent.
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