The market started with weakness and saw a slight recovery from the lower level in the trading day, but in the end the market closed in the red mark amid the day’s volatility. Buying was seen in mid and smallcap stocks today. On the other hand, energy stocks also saw a stormy rise today in anticipation of an increase in demand. In coal India, an upper circuit of 10% was installed in intraday. NTPC and power GRID also jumped 4 to 5%.
At the end of trading, the Sensex closed at 59,413.27, down 254.33 points, or 0.43 per cent. On the other hand, Nifty closed at 17,711.30, down 37.30 points or 0.21 percent. Let’s take a look at the stocks which have seen the most movement in today’s business.
Godrej Properties | CMP: Rs 2,315 | Today this stock has seen a gain of more than 3 percent. The company has entered into an agreement for land redevelopment in Wadala, Mumbai at 7.5. Due to which this stock also gained momentum today. The company said in its statement issued about this that it will have a salable area of about 1.6 million square feet. Residential apartments will be built on this land.
HDFC AMC | CMP: Rs 2,904.95 | The stock fell up to 5 per cent today. There is a possibility that its foreign promoter Standard Life Investments is set to sell its 5 per cent stake. The stock remained under pressure today due to this news.
Blue Star | CMP: Rs 883.50 | The company has said that it will set up a new production facility at Sri City in Andhra Pradesh with an investment of Rs 550 crore. Despite this good news, today this stock has closed in the red mark.
Gallantt Ispat | CMP: Rs 57 | Today this stock has seen a rise of 6 percent. The company’s board has approved an investment proposal of Rs 135 crore in Gallant Industries Pvt Ltd, a wholly owned wheel subsidiary of the company.
BLS International | CMP: Rs 262 | Russia: The stock ran up more than 3 per cent today amid news of getting a big contract from the Embassy of Italy.
Atul Auto | CMP: Rs 220 | The commercial production of three wheelers has started at the company’s Bhayla plant. Due to which this stock has managed to close in the green mark today.
Andhra Cements | CMP: Rs 18 | Today this stock has closed in red mark. To the debtors of the company, the consortium has decided to initiate a new debt resolution process to settle the debts of the company. Let us inform that the first attempt made in this matter got a very cold response from the bidders. Due to which it has been decided to start this process afresh.
DB Realty | CMP: Rs 25.85 | The stock lost over 4 per cent today. The company has acquired Neelkamal Realtors Tower Pvt. Ltd has acquired additional stake. With this acquisition, Nilkamal Realtor has become a wholly owned subsidiary of the company.
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