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Sunday, October 17, 2021

The pressure of profit recovery was shown on the market, these stocks were the biggest movement

The market had started with gains today but profit-booking dominated the market during the trading day and Sensex-Nifty closed in the red mark. Selling pressure was also seen in small-medium stocks today. BSE Midcap index closed down 1.40 per cent and Smallcap index by 0.59 per cent.

At the end of trading, the Sensex closed at 59,189.73, down 555.15 points, or 0.93 percent. On the other hand, Nifty closed at 17,628.80, down 193.50 points or 1.09 percent.

Tata Steel | CMP: Rs 1,274 |The company has released its second quarter business updates. According to which, in the September quarter, the company’s production has seen a growth of 2.2 percent on a quarterly basis and 3 percent on a year-on-year basis. But European business declined 3 per cent. There was an increase of 19 percent on year-on-year basis. Due to this news, the stock fell 3 per cent today.

AU Small Finance Bank | CMP: Rs 1,201.65 | After trading in the green mark in the early trading of the day, the stock closed in the red mark at the end of trading. According to the second quarter business update, the company’s total deposits have grown by 45 per cent on a year-on-year basis during this period.

Tata Motors | CMP: Rs 335.60 | Tata Motors shares fell over 2 per cent today amid reports of a 53.4 per cent drop in the company’s JLR UK sales.

Bajaj Finance | CMP: Rs 7,730 | The company has presented a strong business update for the September quarter. Due to which today this stock has closed in the green mark. The company’s customer franchise has grown by 19.7 per cent year-on-year to Rs 5.28 crore during this period.

TCS | CMP: Rs 3,813.80 | TCS has informed that its IT agreement with SBI has been given an extension of 5 years. Despite this good news, today this stock has closed in the red mark.

Force Motors | CMP: Rs 1,499 | The company has informed that it has produced a total of 2,159 units in September. While last month the company produced 2,148 units. The company has sold 1,968 units in September 2021. Whereas last month the company sold 1,487 units. Due to this news, the stock closed in the green today.

Marico | CMP: Rs 563.90 | Today this stock saw a gain of more than 1 percent and made a record high. Releasing the business update for the September quarter, the company said that all its segments have seen strong growth in this period. The company’s food business has also seen strong growth. And this year it can generate revenue of Rs 500 crore.

Coal India | CMP: Rs 192.15 | Coal India saw a decline of 3 percent today. The company’s board has given in-principle approval to the pre-feasibility report regarding setting up of a green field aluminum unit in Odisha.

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Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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