Today, the market seemed to be reining in the decline of the last 7 days and Sensex-Nifty managed to close with a gain of 2 percent amid good global cues. Almost all the sectors closed in the green today. At the end of trading, the Sensex closed at 55,858.52 with a gain of 1328.61 points, or 2.44 per cent. On the other hand, Nifty closed at 16,658.40 with a strength of 410.45 points or 2.53 percent.
The biggest movement in these stocks was
Adani Power , CMP: Rs 123.30 | Today the stock is up 11 per cent. The company has won the case of compensatory tariff in the Supreme Court, which is reflected in the stock today. This stock has gained wings after the Supreme Court’s decision in favor of the company. The Supreme Court in its order has ordered three Rajasthan-based power distribution companies (discoms) to pay the dues related to compensatory tariff to Adani Power. The Supreme Court said these three Rajasthan-based distribution companies have not paid the dues after their review petitions were dismissed earlier this year. As such, he has committed contempt of court.
Indus Towers , CMP: Rs 215.15 | Today the stock closed with a gain of 4 per cent. Vodafone Plc has announced the sale of its entire stake in Indus Towers. The proceeds from this sale will be used to strengthen the business of Vodafone Idea. Global brokerage house Jefferies believes that due to this, there may be some pressure on Indus Towers shares in the near term but in the long term it is likely to strengthen the company’s growth and cash flow. Jefferies says that the risk-reward ratio of Indus Towers has improved significantly after the recent decline. Keeping this in mind, Jefferies has given a buy rating to this stock with a target of Rs 295.
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DLF , CMP: Rs 349.40 | Shares of real estate company DLF saw a rise of about 10 percent in intraday on February 25. Global brokerage house CLSA has upgraded the rating of this stock to ‘buy’. CLSA downgraded its rating from ‘outperform’ to ‘buy’ considering the company’s strong pre-sale data and strongest operational performance in a decade. Is. CLSA says that there is a possibility of a rise of 32 per cent in this stock from the current levels. Apart from this, CLSA has also cut the revenue estimates of the company for the financial year 2023-24 by 2 per cent and 5 per cent. Similarly, estimates of profit for this period have also been cut by 1 and 3 per cent.
Apollo Hospitals Enterprise , CMP: Rs 4,630.40 | Today the stock closed with a gain of 5 per cent. The National Stock Exchange has said that from March 31, this stock will be included in the Nifty 50 index. Let us inform that Apollo Hospitals will be the first healthcare company to be included in the Nifty 50 index. Apollo Hospitals will replace Indian Oil Corporation in the Nifty 50 index. On this, brokerage firm Edelweiss Securities says that the inclusion of Apollo Hospital in the Nifty 50 index will see funds of $ 143 million coming from exchange-traded funds.
Kirloskar Ferrous , CMP: Rs 197.90 | The stock rallied over 5 per cent today. Competition Commission of India has approved the acquisition of stake in ISMT. This news had a positive effect on the company’s stock.
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