The Indian market has closed in the red mark with huge volatility in today’s business on 27th January. The US Fed Reserve has indicated a hike in interest rates from March. Its negative impact was seen on the Indian markets today. At the end of trading, the Sensex closed at 57,276.94, down 581.21 points, or 1 per cent. On the other hand, Nifty closed at 17,110.15, down 167.80 points or 0.97 per cent.
The biggest movement in these stocks today
Torrent Pharma | CMP: Rs 2,686.95 | The stock has lost 15 per cent today due to weak results in the December quarter. The company has seen a decline of 16 per cent in profits in the December quarter. Weakness in US markets has affected the company’s third quarter results. Global research firm CLSA downgraded the stock’s rating from BUY to Outperform and lowered its target to Rs 3,350 from Rs 3850.
Maruti Suzuki | CMP: Rs 8,801 | Today the stock is up more than 2 per cent. The company’s standalone profit stood at Rs 1011 crore for the quarter ended December 31, 2021 as compared to Rs 1941 crore in the corresponding quarter of the previous financial year. Research house Credit Suisse has maintained Outperform rating on the stock keeping in view strong demand outlook and has increased its target to Rs 10389 from Rs 8,759.
Axis Bank | CMP: Rs 776.90 | Today this stock is also up 3 per cent. The results of the bank in the third quarter have been very good. The bank’s profit in the December quarter grew by 224 per cent to Rs 3614 crore.
Colgate Palmolive | CMP: Rs 1,391 | Today this stock has closed in red mark. The company’s profit in the third quarter grew by 16 per cent to Rs 252.3 crore. Which stood at Rs 248.3 crore in the same quarter last year. The company’s income during the period grew by 3.9 per cent year-on-year to Rs 1280 crore as against Rs 1232 crore in the corresponding quarter last year.
Canara Bank | CMP: Rs 240.55 | Today the stock is up more than 8 per cent. The bank’s profit during the period increased from Rs 696.1 crore in the third quarter of the previous fiscal to Rs 1,502 crore as against Rs 1,340.2 crore estimated by CNBC-TV18’s poll. The interest income of the company grew by 14.1 per cent at Rs 6945 crore as against Rs 6086.5 crore in the corresponding period of last year. Let us tell you that the interest income of the bank was estimated at Rs 6,413.4 crore in the poll of CNBC-TV18.