The market traded in a range today. Nifty and Sensex traded flat. On the other hand, small and medium stocks saw a rise. The midcap index closed at a new high for the sixth consecutive day. Midcap index closed above 27,000 for the first time. The Nifty IT index also closed at a record high.
Today there was buying in Pharma, FMCG and Realty shares. There was also good buying in sugar stocks. Banking and metal stocks remained under pressure. Midcap and smallcap outperformed the heavyweights in today’s trade. BSE Midcap closed with a gain of 0.38 percent and Smallcap 0.93 percent.
Dewan Housing Finance Corporation | CMP: Rs 22.85 | Today this stock has managed to gain 10 percent. NCLT has approved the resolution plan of Piramal Group. Due to this news, there was enthusiasm in this stock today.
Interglobe Aviation | CMP: Rs 1,783.30 | The company has expressed hope that from the beginning of July, air travel will see strength again. The company also says that managing the cash position is one of its priority. The effect of this news was seen on InterGlobe and it closed today with a gain of about 2 percent.
UCO Bank | CMP: Rs 14 | The stock rose 3 per cent today. UCO Bank has applied to the Reserve Bank to take it out of Prompt Corrective Action (PCA), as its financial position has strengthened.
Suven Pharmaceuticals | CMP: Rs 497.95 | Despite a 12 per cent jump in the company’s profit in the March quarter, the stock closed down 3 per cent today. The company’s earnings also saw an increase of 38.1 per cent year-on-year during this period.
Minda Corporation | CMP: Rs 135.70 | The company has entered into a joint venture agreement with a Korean company INFAC to manufacture Automotive Antenna Solutions for the Indian auto market. Due to this news, the stock touched a 52-week high of Rs 142.05 in intraday today.
Fairchem Organics | CMP: Rs 1,121.50 | The stock hit its 52-week high of Rs 1,121.50 today on the back of a profit of Rs 18.83 crore and earnings of Rs 159.32 crore in the fourth quarter.
Shriram Transport Finance Corporation | CMP: Rs 1,481 | The market did not take the news of the company’s preparation to raise funds through the QIB of the market in a positive way and it closed in the red mark.
Titagarh Wagons | CMP Rs 57.65 | Despite turning profit from losses in the fourth quarter, the stock was under pressure today and it slipped 2 per cent. In the fourth quarter year-on-year basis, the company made a profit of Rs 0.8 crore as against a loss of Rs 8.9 crore.
Punjab National Bank | CMP: Rs 41.45 | The stock has broken up to 1.5 per cent today amid news of RBI imposing a fine of Rs 2 crore for non-compliance with the rules.
Infosys | CMP: Rs 1,412.95 | The company has entered into a collaboration agreement with the American company Archrock. Due to this news, a jump of 1 percent was seen in this stock today.
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