On 7 April i.e. in today’s business, the market saw a decline in the third consecutive trading session. Let us tell you that the quarterly policy of RBI is going to come tomorrow. At the end of trading, the Sensex closed at 59,034.95, down 575.46 points, or 0.97 per cent. On the other hand, Nifty closed at the level of 17640, down 168.10 points or 0.94 percent.
The biggest movement in these stocks today
Titan Company | CMP: Rs 2,457 | Titan Company has released its Q4 Biz Update. Titan’s jewelery business volume declined 4% as per the company’s Q4 Biz Update. In January, the effect of lockdown and expensive gold has been seen on the updated data. Apart from this, the high base of last year has also had an impact. However, the company’s jewelery business has seen 28% growth on a 2-year CAGR basis. The stock is down 3 per cent today.
Uma Exports | CMP: Rs 79.80 | The stock rose 17 per cent today. The share of Uma Exports, a trader of agricultural products and commodities, was listed at Rs 80, up 17.65 per cent from the upper end of the IPO price. Its upper band was Rs 68 per share. With this, the market cap of Uma Exports increased to Rs 276.56 crore. A total of 4.69 lakh shares of the company worth Rs 3.77 crore were traded on the BSE. On NSE, the stock got listed at Rs 76, up 11.76 per cent over the IPO issue price. 9.73 lakh shares worth Rs 7.79 crore were traded on the NSE.
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DCB Bank | CMP: Rs 87.90 | The stock rose 12 per cent today. The bank has got the nod for reappointment of its MD and CEO from RBI. In a press release issued in this regard, the bank said that DCB Bank has received approval to re-appoint Murali M Natarajan as MD and CEO of the bank. That is, Murali M Natarajan has been appointed MD and CEO of the bank once again from 29 April 2022 to 28 April 2024. This reappointment is subject to shareholders’ approval at the upcoming AGM.
Asian Granito | CMP: Rs 115.90 | Today this stock closed in red mark. The company has finalized the details of its proposed rights issue. The size of this rights issue will be Rs 441 crore. The issue will open on April 25 and close on May 10. The company will issue 7 crore shares under this issue at a price of Rs 63 per share.
Alembic Pharma | CMP: Rs 772.15 | Today this stock has closed in green mark. The company has received ANDA approval from US FDA for Dabigatran Etexilate Capsules in 75 mg, 110 mg, and 150 mg dosages.
NLC India , CMP: Rs 70.65 | Today this stock managed to close with a gain of 2 percent. The company’s performance in the financial year 2021-22 has been very good in all sectors. The company has set a new record in power generation.