There was a strong recovery in the market today. On the basis of all-round buying, the Sensex closed at 58,142.05 with a gain of 1736.21 points or 3.08 percent. Nifty closed at 16,933.25 with a gain of 90.45 points or 0.54 per cent. All sectoral indices closed in the green in today’s trading.
Auto, IT, Banking, Realty and FMCG have seen gains of 2-3 per cent. Good buying has also been seen in small-medium stocks. Due to which the mid and smallcaps of BSE closed with a gain of 2 per cent.
The biggest movement in these stocks today
SpiceJet | CMP: Rs 64.50 | SpiceJet turned profit from losses in the third quarter. Amidst this news, today the stock closed with a jump of 10 percent. Low cost airline SpiceJet has informed on February 15 that the company has returned to profit after 7 consecutive quarters of losses. SpiceJet made a profit of Rs 42.45 crore for the quarter ended December 31, 2021, as against a loss of Rs 66.78 crore in the December quarter last year. The company reported a year-on-year growth of 34.78 per cent at Rs 2,204.68 crore in the December quarter as compared to Rs 1635.79 crore in the same quarter last year.
Cipla | CMP: Rs 920.90 | Today the stock has lost more than 3 per cent. Cipla shares fell as soon as the market opened on Tuesday. Earlier it was reported that the promoters of the company are selling 2.5% stake i.e. 2.04 crore shares of the company through a block deal. Cipla Chairman Yusuf Hameed and Non-Executive Vice Chairman Mustafa Hameed are selling their shares in Cipla through a block deal. Selling stake. The floor price for this deal has been fixed at Rs 904.8-916.7 per share. It is at a discount of up to 5.25 per cent from Monday’s closing price of Rs 955 on NSE. This is the reason why the shares started falling as soon as the market opened on Tuesday.
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ACC | CMP: Rs 2,236.50 | Today the stock is up more than 3 per cent. The company has said that it has increased the grinding capacity of its Uttar Pradesh based unit by 1.6 mtpa. The company’s unit located in Tikriya, Uttar Pradesh has started production with increased capacity.
Eicher Motors | CMP: Rs 2,711 | The company’s stock gained more than 5 percent. The company’s net profit in the December quarter stood at Rs 456 crore as against Rs 533 crore in the third quarter of last year. This means that for the quarter ended December 31, 2021, the company’s profits have declined by 14 per cent year-on-year. However, on a quarterly basis, profits have grown by 22 per cent. The company’s profit in the second quarter of the same financial year has been Rs 373 crore. While giving a buy call on this stock, CLSA has given a target of Rs 3,300 for it.
NMDC | CMP: Rs 149.40 | The stock is down 2 per cent today. According to reports in the media, iron and futures traded in China have seen a decline of up to 12 percent. This news has adversely affected NMDC. It is worth noting that the government in China has warned against manipulation of iron ore prices, due to which there has been a sharp fall in the prices of iron ore in China, the world’s largest commodity consumer. It is worth noting that in recent days, iron ore prices in China had seen a huge increase and it had reached its 5-month high.
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