Today, 7 consecutive days of bullishness in the market seemed to be restrained. At the end of trading, the Sensex closed at 61,716.05, down 49.54 points, or 0.08 per cent. On the other hand, Nifty closed at 18,418.75, down 58.30 points or 0.32 percent.
The biggest movement in these stocks was
ITC | CMP: Rs 246.10 | The government has constituted a committee regarding the future taxation policy regarding tobacco products. After the announcement of the formation of the committee, ITC shares fell by about 6% on Tuesday. Shares of ITC, which manufactures cigarettes to FMCG products, closed 6.27% lower at Rs 248.85 on the NSE on Tuesday. Whereas a day earlier on Monday, the stock was trading at its 52-week high of Rs 265.
Hindustan Unilever | CMP: Rs 2,557.30 | Hindustan Unilever has today released the results for the second quarter of the financial year 2021-22. The company’s standalone profit grew 9 per cent year-on-year to Rs 2,187 crore in the second quarter. Significantly, in the second quarter of last year, the company’s profit stood at Rs 2,009 crore. While the company’s profit during this period was estimated at Rs 2,175 crore. Today this stock has also closed with a fall of 3 percent.
HeidelbergCement | CMP: Rs 248.85 | This stock has also closed today with a fall of 3 percent. The company’s profit in the September quarter has seen a decline of 4.5% year-on-year. At the same time, profits have increased by 12.2% per cent.
Indian Energy Exchange |CMP: Rs 845.20 | The company is in the process of issuing a bonus issue, due to which the stock has run more than 6 percent today.
TTK Prestige | CMP: Rs 9,930 | The company’s board will consider sub-division of shares in the meeting to be held on October 27. Today this stock has also run more than 12 percent.
Inox Wind | CMP: Rs 114 | The company has entered into an agreement with another of its subsidiary Inox Wind Infrastructure Services (IWISL) to acquire the entire share capital of one of its Stepdown subsidiary. After this news, today this stock broke more than 11 percent.
Larsen & Toubro Infotech | CMP: Rs 6,900 | The stock has rallied 16 per cent after good second quarter results. The company’s profit in Q2FY22 stood at Rs 551.7 crore, up 11.1 per cent year-on-year.
UltraTech Cement | CMP: Rs 7,187 | After yesterday’s results, the stock has broken more than 2 percent today. Consolidated profit stood at Rs 1,313.5 crore in the second quarter. Whereas it was estimated to be Rs 1,342 crore. Let us tell you that in the second quarter of last year, the consolidated profit of the company was Rs 1166.4 crore. CLSA has given Outperform Rating on ULTRATECH and has a target of Rs 8,300 per share. JP MORGAN has NEUTRAL rating on ULTRATECH and has a target of Rs.6890 per share. JEFFERIES has a HOLD rating on ULTRATECH and a target of Rs 7200 per share for the stock. CITI has given buy rating on ULTRATECH and has a target of Rs 8500 per share.
Network18 Media & Investments | CMP: Rs 78.30 | For the quarter ended September 30, 2021, the company’s consolidated income grew by 30.8 per cent to Rs 1,387.2 crore as against Rs 1,061 crore in the corresponding quarter of the previous financial year. Its EBITDA grew 52.4 per cent year-on-year to Rs 252.3 crore and consolidated operating margin stood at 18.2 per cent. Today the stock has fallen more than 6 percent.
(Disclaimer: Network 18 Media & Investment Ltd. is owned by Independent Media Trust. Its beneficiary company is Reliance Industries.)
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