On the first day of the November series, the market remained under pressure. Amidst heavy volatility, the Nifty lost 186 points and the Sensex fell 678 points. There was a sell-off in IT, energy, private bank shares. At the same time, there was good volatility in PSU Bank shares. Pharma, metal, realty stocks rose marginally.
Today 31 out of 50 Nifty stocks fell. 20 out of 30 Sensex stocks remained under pressure. 9 out of 12 stocks of Nifty Bank declined. Nifty closed 186 points lower at 17,672. Sensex closed 678 points lower at 59,307. Nifty Bank closed 393 points lower at 39116. At the same time, the midcap fell 45 points to close at 30,470.
The biggest movement in these stocks today
IRCTC | CMP: Rs 842.80| There was a lot of volatility in this stock today. In intraday, it saw a fall of up to 20 percent and got lower circuit. But there was a good recovery from the day’s lows. Let us tell you that there was a news related to the Ministry of Railways, according to which the earnings of IRCTC will decrease. In a setback to the company, the Railway Ministry has said that the company should give 50 percent of the fees from ticket sales to the railways. With this decision, IRCTC’s ticketing margin will come down from 85 per cent to 48 per cent. Due to this news today, this stock was seen getting beaten up heavily. Then today itself a big earnest money has come from the DIPAM secretary, which has said that the decision on the convention fee is being withdrawn. After this news, now there was a strong recovery in IRCTC.
Bharat Electronics | CMP: Rs 207.70 | The company’s profit in the second quarter stood at Rs 612.6 crore, up 54.3 per cent year-on-year. At the same time, the income has increased by 14.8 percent to Rs 3,660.6 crore. Today this stock has run up 3 per cent on good results.
Ajanta Pharma | CMP: Rs 2,091 | Today this stock has seen a decline of 2 percent. In the second quarter, the company has seen a growth of 15.1% in profit and 23.6% in earnings on a year-on-year basis.
Escorts | CMP: Rs 1,580.35 | Today the stock is up 3%. The company’s profit on a year-on-year basis declined by 22.9% to Rs 176.7 crore. At the same time, the income has increased by 1.4% to Rs 1,662.3 crore.
Adani Power | CMP: Rs 102.35 | The company has incurred a loss of Rs 230.6 crore in the September quarter. Whereas in the second quarter of last year, the company had a profit of Rs 2,228.1 crore. During this period, the company’s income has also come down to Rs 5,183.7 crore from Rs 7,749.2 crore in the second quarter of last year.
Dr Reddys Labs | CMP: Rs 4,635.80 | The company’s profit in the second quarter was Rs 992 crore. The company’s profit during this period was estimated at Rs 716.5 crore. The company’s income in the second quarter stood at Rs 5763 crore. Which was estimated to be at Rs 5162 crore.
Varun Beverages | CMP: Rs 849 | The company has released its third quarter results. During this period, the company’s profit has increased from Rs 153 crore to Rs 240 crore. At the same time, the income has increased from 1840 crores to 2440 crores. EBITDA has increased from Rs 381 crore to Rs 495 crore. At the same time, EBITDA margin has declined from 20.7% to 20.3%. The company will set up a new manufacturing plant in Bihar.
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