There was a great recovery in the last hour of the market today. Nifty improved 232 points from the bottom and closed at 15,700 level. The Sensex also closed near 52,350 with a correction of 750 points from the bottom. Along with this, a correction of 650 points was recorded from the bottom in Nifty Bank. In today’s session, good selling was seen in metal, realty and auto stocks. While there was record buying in FMCG shares.
The biggest movement in these stocks was
SREI Infrastructure Finance | CMP: Rs 14.50 | The stock plunged 10 per cent today amid reports of an investment offer of Rs 2,200 crore from Singapore-based Makara Capital Partners.
Khadim India | CMP: Rs 210 | The stock ran up 8 per cent on the back of strong results for the March 2021 quarter. The company has made a profit of Rs 11.52 crore in the fourth quarter. At the same time, in the fourth quarter of last year, the company had a loss of Rs 19.88 crore. The company’s sales during this period stood at Rs 269.95 crore, registering a growth of 70.62 per cent year-on-year.
Globus Spirits | CMP: Rs 583.65 | Portfolio management services firm Old Bridge Capital has bought 2.51 per cent stake in Globus Spirits, according to bulk deal data available on NSE. For the quarter ended March 31, 2021, the company’s profit has seen a jump of 161 percent on a year-on-year basis. Due to these news, this stock has also run up 10 percent today.
Power Grid Corporation | CMP: Rs 234.25 | Today this stock has seen a decline of 2 percent. The company’s profit in the fourth quarter has seen a growth of 6.4 percent. The company’s profit during this period stood at Rs 3,526.23 crore as against Rs 3,313.47 crore in the same period last year. The board of the company has also approved issuance of bonus shares in the ratio of 1:3. Apart from this, a dividend of Rs 3 per share has also been announced.
Eveready Industries | CMP: Rs 337.95 | Today this stock has seen a gain of 7 percent. However, in the fourth quarter, the company reported a loss of Rs 442.5 crore as against a profit of Rs 63.1 on a year-on-year basis.
PSP Projects | CMP: Rs 434.95 | Today this stock has seen a fall of 2 percent. However, in the fourth quarter, the company’s profit grew by 22.4 percent year-on-year to Rs 41.7 crore. During this period, the company’s earnings have also seen a growth of 9.7 percent on a year-on-year basis.
Nazara Technologies | CMP: Rs 1,515 | Share price of Nazara Technologies fell up to 12 per cent in intraday today. The Rakesh Jhunjhunwala-invested company has entered into an agreement to buy a stake in a gaming company named Arrakis Tanitim Organizasyon Pazarlama San Tic Ltd Sti (Publishme). Publishme is the largest mobile game publishing company in Turkey and the Middle East. Nazara Technology will invest Rs 20 crore to acquire 69.82 per cent stake in Publishme. The deal will be completed through primary and secondary transactions through a subsidiary of the company.
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