Gainers And Losers: Selling pressure continued in the market and Sensex-Nifty closed down for the 5th consecutive day. There was heavy selling in midcap and smallcap indices. There was selling in PSE, metal, energy stocks while banking, auto indices closed on the decline. FMCG, Pharma indices closed on gains. At the end of trading, the Sensex closed at 79,402.29 with a fall of 662.87 points or 0.83 percent. Whereas Nifty closed at the level of 24,180.80 with a fall of 218.60 points or 0.9 percent.
Today there was maximum action in these shares
Bikaji Foods (Rs 864, 3.5%) | ComeThis stock closed with a gain of 10 percent. The net profit of the snacks manufacturing company stood at Rs 68.6 crore with an increase of 14.7 percent on annual basis. During the corresponding period, the company’s revenue increased by 19% to Rs 721.2 crore. At the operational level, EBITDA of Bikaji stood at Rs 106.7 crore with an increase of 22% on an annual basis.
Godrej Consumer Products (Rs 1,292, 2.94%) | Shares saw a rise of 6 percent today. The brokerage firm has given a bullish call on the stock. The company’s profit has increased by 13 percent on an annual basis. Whereas the revenue increased by 2 percent to Rs 3666 crore.
DCB Bank (Rs 116.2, 5.48%) | DCB Bank shares touched an intraday high of 10% as it reported 23% year-on-year rise in second-quarter net profit at Rs 155 crore.
ITC (Rs 482.25, 2.24%) | ITC shares saw a rise as the company reported strong earnings growth in the second quarter. Due to impressive performance in key areas like cigarette business and hotel business, many analysts have predicted bullishness on this stock.
Kansai Nerolac Paints (Rs 279.05, 3.07%) | Kansai Nerolac has entered into a final agreement with Runwal Developers to sell its land in Lower Parel for Rs 726 crore. After this news, there was a rise in the shares today.
IndusInd Bank (Rs 1,037, -18.99%) | The stock witnessed a decline of 20 percent today. The bank said that its net profit in the September quarter declined by about 39 percent to Rs 1,325 crore, which was Rs 2,181.47 crore in the same quarter a year ago. This figure has surprised analysts, who had estimated its profit to be around Rs 2,138 crore.
Dixon Technologies (India) (Rs 13,939, -7.41%) | Today a decline of 12 percent was seen in this stock. Actually, the fall in the stock has come after the second quarter results. The market liked the pressure on the company’s margins. In the July-September quarter, the company’s profit has increased by 260 percent on an annual basis. The company has registered a profit of Rs 411.7 crore in this period, whereas in the second quarter the company was estimated to have a profit of Rs 204 crore.
Larsen and Toubro (Rs 3,337, -3.07%) | LDT shares closed today with a decline of 4 percent. UBS has given a neutral rating opinion on the stock. The international brokerage firm says core earnings are strong, but new order growth may slow.
