After a strong start, the market saw a decline today and at the end of trading, the market closed at the low level of the day. Selling has also been seen in small-medium stocks today. The BSE Midcap index closed down 1.69 per cent and the Smallcap index lost 2 per cent. At the end of trading, the Sensex closed at 61259.96, down 456.09 points, or 0.74 per cent. On the other hand, Nifty closed at 18,266.60, down 152.15 points or 0.83 percent.
The biggest movement in these stocks was
Jubilant Foodworks | CMP: Rs 3,965.65 | After the results of the second quarter, today this stock saw profit recovery and it closed down more than 8 percent. The company’s profit for the second quarter stood at Rs 76.9 crore year-on-year at Rs 121.52 crore while earnings increased from Rs 805.5 crore to Rs 1,101 crore while EBITDA margin declined from 26.6% to 26%. At the same time, EBITDA has increased from Rs 214.6 crore to Rs 286 crore.
IPCA Laboratories | CMP: Rs 2,290 | Amidst the news of share split, this stock has also broken 2 percent today. IPCA Laboratories has informed on Wednesday that its board meeting will be held on Saturday, November 13, 2021. In which the proposal to break one share of the company into 2 shares will be considered. Along with this, the interim dividend for the financial year 2021-22 will also be considered in this board meeting. November 23 will be the record date for this dividend.
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Deepak Fertilisers | CMP: Rs 418.60 | This stock also saw a fall of about 3 percent today. The company’s board has approved the proposal to raise money by issuing shares at a floor price of Rs 422.48.
ACC | CMP: Rs 2,260.10 | This stock has closed in the green today. ACC’s profit jumped nearly 24% in the third quarter. The company’s revenue has also seen a rise of 6%. Volume growth is marginally higher at 6.57 million tonnes.
Nestle India | CMP: Rs 19,258.40 | This stock closed today with a fall. In the second quarter, the company’s profit grew by 5.2 per cent year-on-year to Rs 617.4 crore. Significantly, in the third quarter of last year, the company’s profit stood at Rs 587.1 crore. While the company’s profit during this period was estimated at Rs 625 crore. In the third quarter, the company’s income grew by 9.6 per cent year-on-year to Rs 3,882.6 crore. Whereas it was estimated to be Rs 3,860 crore. Let us inform that in the third quarter of the previous year, the company’s income was Rs 3,541.7 crore.
Nifty and Sensex fall for the second day as retail investors sell
NBCC India | CMP: Rs 46.15 | Today this stock has seen a fall of more than 2 percent. The company has been selected for Project Management Consultancy for projects worth Rs 375.30 crore.
Honeywell Automation | CMP: Rs 42,420 | This stock has also closed with weakness today. The company has said that it has been successful in winning the bid for its Bangalore Safe City project under the Nirbhaya Fund announced by the Government of India. This project is worth Rs 496.57 crore.
Rallis India | CMP: Rs 282.45 | The company’s profit in Q2FY22 has come down to Rs 56.49 crore from Rs 82.95 crore in Q2 last year. Due to this news, this stock has broken 7 percent today.
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