On 6 April i.e. in today’s business, the Indian market was closed in the red mark for the second consecutive day. Auto, bank and IT stocks put the biggest pressure on the market amid weak global cues. At the end of trading, the Sensex closed at 59,610.41 with a fall of 566.09 points, or 0.94 per cent. On the other hand, Nifty closed at the level of 17807.65, down 149.75 points or 0.83 percent.
The biggest movement in these stocks today
One97 Communications , CMP: Rs 640 | Shares of One97 Communications, which operates Paytm, gained more than 5 per cent today. Paytm CEO Vijay Shekhar Sharma has said that this stock has seen a huge decline from its IPO price. Market conditions have been very volatile for high-growth stocks around the world. In the financial year 2022, the company has disbursed loans to 65 lakh people as against 44 lakh people in the last quarter. The company has given loans of Rs 3,553 crore in FY 2022.
marico , CMP: Rs 521.30 | The stock is down 4 per cent today. The company has released its business updates for the January-March period which has been weak. Its negative effect has been seen on this stock today. The company’s earnings growth in the January-March period has been driven by lower unit rates, while volumes have shown marginal growth.
Tata Teleservices , CMP: Rs 202.50 | Today this stock has seen a jump of 5 percent. In view of the strong rally in this stock in March without any reason, the stock exchanges had sought clarification from the company. Responding to this, on March 30, the company said that it will always disclose the progress or any conversations taking place in relation to the company under the rules and will continue to do so in the future. Explain that in the third quarter, the company’s income grew by 2 percent at Rs 284.22 crore.
Ruchi Soya Industries , CMP: Rs 749.85 | The stock lost 14 per cent today. The company’s board had approved a proposal to raise Rs 4,300 crore by issuing 6.61 crore shares through FPO. After that some such news came in the media that by sending a message to the investors on behalf of the company, an appeal is being made to invest in this FPO. Taking cognizance of this news, SEBI directed that those who wish to withdraw their names from this subscription can do so. After that there was a decline in the subscription of this FPO.
Tata Steel , CMP: Rs 1,370 | Today the stock closed with a gain of 2 per cent. The company has informed that its crude steel production has grown by 13% year-on-year to 19.06 million tonnes in FY 2022, which is the highest ever. Triveni Engineering | CMP: Rs 335.20 | Today the stock rose more than 4 per cent. Commercial production has started at the company’s 160 KLPD distillery. This unit is located in Rampur district of Uttar Pradesh.
Motilal Oswal is bullish on this multibagger stock, expects 38% upside, what do you have
Saregama India , CMP: Rs 5,000. Today the stock closed in the green. Saregama has told that in the board meeting of the company on Wednesday i.e. 6th April 2022, the record date for the division of the company’s shares has been fixed on 27th April 2022. Let us inform that the Board of the company has decided to split the face value of Rs 10 per share of the company into 10 shares of face value of Rs 1. This decision was taken in the board meeting of the company held on 24 February 2022. Apart from this, the board of Saregama has also approved the proposal of making Pankaj Chaturvedi as the Chief Financial Officer of the company. This appointment will be effective from 11 April 2022.