Due to non-change in rates by RBI, the market managed to close on the rise for the third day today. In today’s trade, all sector indices, except consumer goods, closed in the green. At the end of trading, the Sensex closed at 58,926.03 with a gain of 460.06 points, or 0.79 per cent. On the other hand, Nifty closed at 17605.80 with a gain of 142 points or 0.81 percent.
Let’s take a look at those stocks, which saw sharp fluctuations in today’s business and what was the reason behind them. Also, we will see how their position was at the end of the business.
Page Industries | CMP: Rs 40,989 | The stock is down 3 per cent today. In the third quarter of the financial year 2021-22, the company’s profit has increased by 13.6 percent to Rs 174.5 crore, while in the third quarter of the previous financial year, the company’s profit has been at Rs 154 crore while the company’s income has grown by 28.4 percent year-on-year. 1190 crores together.
FSN E-Commerce Ventures (Nykaa) | CMP: Rs 1,710.25 | Today this stock has seen a decline of 7 percent. Let us inform that on February 09, the company has declared the results of the third quarter ended December 31, according to which the consolidated net profit of the company declined by 59 per cent to Rs 27.9 crore in the December quarter, while the consolidated revenue of the company in the quarter stood at 36 per cent year-on-year. Percentage has increased to Rs 1,098 crore. In the third quarter, the company’s EBITDA stood at 69 per cent during the quarter, though the margin declined to 6.3 per cent due to heavy marketing spending.
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SpiceJet | CMP: Rs 63.05 | Today this stock has seen a gain of 4 percent. The airline firm has offered to pay Rs 600 crore in cash in the share transfer case with its former promoter Kalanidhi Maran and his firm KAL Airways for complete and final resolution of all disputes. Out of the principal amount of Rs 578 crore given in arbitration, SpiceJet has already paid Rs 308 crore in cash and submitted bank guarantee of Rs 270 crore.
Mahindra & Mahindra | CMP: Rs 853 | Today the stock closed in the green. The company’s consolidated profit stood at Rs 1987 crore for the quarter ended December 31, 2021, from Rs 1,268 crore in the previous year i.e. FY 2020. On the other hand, the company’s operating revenue grew by 9 per cent at Rs 23,594 crore in the third quarter as compared to Rs 21,626 crore in the third quarter of the previous financial year.
Bharat Forge | CMP: Rs 728.15 | Today this stock has seen a gain of 2 percent. In the third quarter of the financial year 2021-22, the company’s profit has increased from Rs 92.7 crore in the previous financial year 2020-21 to Rs 337.3 crore. At the same time, revenue has increased by 54.7 percent to Rs 1,602 crore.
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