On March 9 i.e. in today’s business, buying was seen in the market for the second consecutive day. At the end of trading, the Sensex closed at 54,647.33 with a gain of 1223.24 points, or 2.34 per cent. On the other hand, Nifty closed at 16,345.35 with a gain of 331.90 points or 2.07 percent.
The biggest movement in these stocks today
TCS | CMP: Rs 3,640.70 | TCS shares managed to close in the green in today’s trading. In January this year, the company’s board had approved to buy back 4,00,00,000 shares from the market at the rate of Rs 4,500. Accordingly, TCS will buy back shares worth Rs 18,000 crore. The record date for the share buyback offer of TCS is 23 February 2022. That is, only those investors who will have shares of TCS till February 23 will be able to sell their shares. TCS had said that there will be a buyback of 1 share for every 7 equity shares in the reserve category for retail investors. On the other hand, in the general category, for every 108 shares, the company will buyback 1 share.
TVS Motor | CMP: Rs 557.25 | Today the stock closed with a gain of 4 per cent. The company announced on Wednesday that its board meeting will be held next week on Friday, March 18, to announce the interim dividend ending March 31, 2022. March 28, 2022 will be the record date for payment of interim dividend. Shares of TVS Motors have seen a gain of more than 1 percent in intraday today and it is seen going up to Rs 542 per share on BSE.
Sun Pharmaceutical Industries , CMP: Rs 866 | Today this stock also managed to close with a gain. Sun Pharma has reported that its US-based Stepdown subsidiary has acquired Galderma’s companies in the US, Japan and Canada. Due to this news, this stock showed enthusiasm today.
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Zydus Lifesciences , CMP: Rs 358.95 | Today the stock closed with a gain of 4 per cent. The company’s US-based subsidiary Sentynl Therapeutics Inc has acquired BridgeBio Pharma’s global rights to develop and commercialize Nulibry drug. Due to this news, the stock remained upbeat today.
J Kumar Infraprojects | CMP: Rs 167.30 | Today this stock has also seen a gain of more than 5 percent. The company has received a contract of Rs 604,75,33,736 from the Pune Municipal Corporation for the construction of a bridge over the Mula Mutha River. Due to this news, the stock remained upbeat today.
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