The June series opened with a new record in the market today. Where the Nifty today made a rapid six. At the same time, the Sensex managed to close above 51,400 with a gain of 308 points. At the same time, the Nifty Bank closed 46 at 35,100 level. Today’s session saw good buying in oil-gas, energy, metal and telecom stocks. The Nifty touched a new level of 15,469 in intra-day.
The Nifty has closed at 15435, climbing 98 points. At the same time, the Sensex has gained 308 points to close at 51423. Nifty Bank closed 46 points up at 35141 while the midcap closed 10 points down at 25695. Oil-gas, energy stocks rose. Today there was a buying in metal and telecom shares. RIL closed at 2-month high.
Ipca Laboratories | CMP: Rs 2,039.85 | Despite good results, the stock has seen a 7 per cent decline today. The company’s profit in the fourth quarter increased from Rs 86 crore to Rs 161 crore on an annual basis, while income increased from Rs 1073 crore to Rs 1114 crore.
Today, most of these movements were seen in these stocks
Hester Biosciences | CMP: Rs 2,874 | Today, this stock has seen a jump of more than 6%. The company has stated that it has entered into an agreement with Bharat Biotech and GCVC to manufacture the product used for making covaxine.
Redington India | CMP: Rs 219.75 | Today, the stock has gained 20 per cent due to strong fourth quarter results. The company’s profit in the fourth quarter stood at Rs 302.51 crore as against Rs 119.20 crore in the same period last year. The company’s board has also announced a final dividend of Rs 11.60 per share.
Infosys | CMP: Rs 1,407.70 | Today’s shares closed in the green mark amid reports of the company’s co-founder SD Shibulal purchasing the shares of the company on 27 May.
Metropolis Healthcare | CMP: Rs 2,485.25 | Today, the stock rose 8 per cent on the basis of strong fourth quarter results. The company reported a profit of Rs 61.3 crore in the fourth quarter of FY 2021 while the company had a profit of only Rs 15.5 crore in the fourth quarter of FY 2020.
Mahindra & Mahindra | CMP: Rs 847 | On the basis of good results, the stock has risen 2% today. Auto mobile giant Mahindra & Mahindra and MVML today presented their fourth quarter combined results for the quarter ended March 31, 2021, according to which M & M + MVML’s combined profit for the period stood at Rs 163 crore.
Explain that the company had a loss of Rs 3,255 crore in the fourth quarter of its last year. M & M + MVML’s combined income grew 48 per cent year-on-year to Rs 13,338 crore in the period, compared to Rs 9005 crore in the fourth quarter of its last financial year.
Bajaj Healthcare | CMP: Rs 676.10 | The stock rose 6% today amid reports of launching of black fungus treatment drug in Covid-19 patients.
BPCL | CMP: Rs 472.40 | BPCL shares closed on the green mark today amid reports of revision of FDI limit for disinvestment and raising FDI limit to 100 per cent.
Eicher Motors | Today, the stock rose more than 1 per cent on the basis of strong quarterly results. In the fourth quarter of FY 2021, the company’s profit was up 72.9 per cent year-on-year to Rs 526.14 crore.
Sun Pharma | CMP: Rs 672.65 | Despite good results, the stock today witnessed a decline of 3 per cent. Sun Pharmaceutical Industries’ net profit grew more than double on an annual basis. Sun Pharma’s consolidated net profit stood at Rs 894.15 crore in Q4 as compared to Rs 399.84 crore in the same quarter last year.
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