There was a lot of volatility in the market today. The Sensex touched a life high of 53000 but in the last hour, it became a breeze. Private banks put pressure on the market. Nifty fell by about 150 points from the upper levels on profit-booking, while Nifty Bank lost over 600 points.
The Sensex closed at 52588.71 with a gain of 14.25 points or 0.03 per cent. At the same time, the Nifty closed at the level of 15772.80 with a gain of 26.30 points or 0.17 percent.
The biggest movement in these stocks today
Jet Airways | CMP: Rs 99.45 | Today the stock is up 5 per cent. The National Company Law Tribunal (NCLT) on June 22 approved the resolution plan of the Kalrock-Jalan consortium for Jet Airways. However, there are some conditions attached to this approval. According to a report in CNBC-TV18, the Directorate General of Civil Aviation (DGCA) and the Ministry of Civil Aviation (MCA) have been given 90 days from June 22 to provide slots to Jet Airways. Due to this news, this stock remained in enthusiasm today.
Maruti Suzuki | CMP: Rs 7,257.50 | The stock managed to gain more than 5 per cent in the July-September quarter due to the company’s announcement of increasing vehicle prices.
Indian Bank | CMP: Rs 150.40 | Today this stock has seen a gain of more than 3 percent. This state-run bank has launched QIP to raise Rs 4000 crore. The floor price of this QIP has been fixed at Rs 142.15 per share. Due to this news, this stock showed enthusiasm today.
Job, Central Bank of India | Shares of state-run banks Central Bank of India and Indian Overseas Bank (IOB) had a good rally on Tuesday and made their 52-week high. After the report of the Central Government shortlisting these two banks for disinvestment, a large number of purchases were made in their shares.
MM Forgings | CMP: Rs 670.30 | Today the stock rose 11 per cent. The company has made a profit of Rs 34.1 crore in the fourth quarter. During this period, the company’s income grew by 75.9 per cent to Rs 293.3 crore.
Engineers India | CMP: Rs 81.85 | Today the stock closed in the green. The company has got a big project of Rs 111 crore from Numaligarh Refinery Limited (NRL).
Avanti Feeds | CMP: Rs 557.80 | Due to weak results, this stock was under pressure today and it slipped three percent. In the fourth quarter, the company’s profit fell 20 per cent year-on-year to Rs 69.7 crore. At the same time, the company’s income has grown by 6.1 percent year-on-year and it has increased from Rs 1,035 crore to Rs 1,098.1 crore during this period.
Jaiprakash Associates | CMP: Rs 14.40 | The effect of weak results was also visible on this stock and it closed down more than 2 percent. In Q4FY21, the company has made a profit of only Rs 424.41 against Rs 3,068.10 crore on a year-on-year basis.
Adani Enterprises| After breaking its all-time high of Rs 1,351.55 on 19 May 2021 in yesterday’s trade, the shares of Adani Enterprises continued to rise today and today the stock hit a new high of Rs 1543.70 on NSE. Stock market experts say that due to the increase in soya prices, the shares of Adani Enterprise are seeing an increase.
Jammu and Kashmir Bank| Shares of J&K Bank today climbed 13% to their 52-Weeks High on the back of strong Q4 results. Whereas on Monday, there was a 20% upper circuit in the bank’s stocks. Today the shares of the bank reached a record level of Rs 44.35. In the financial year 2020-21, the net profit of Jammu and Kashmir Bank stood at Rs 432.12 crore, while in the financial year 2019-20, the bank had a huge loss of Rs 1139.41 crore. Also, the net interest income of the bank increased to Rs 3770.78 crore from Rs 3706.67 crore in the year-ago quarter. Also the net interest margin of the bank for FY21 stood at 3.64%.
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