After realty and metal stocks took a beating on the Street, the Nifty and Sensex plunged, snapping their four-day gaining streak on the bourses as investors booked partial profit ahead of Budget due on Tuesday next week. At close, the Sensex was down 0.9 percent at 80,604 and the Nifty was down 1.1 percent at 24,530. About 727 shares advanced, 2,656 shares declined, and 65 shares remained unchanged.
2/11
SpiceJet | CMP: Rs 56.4 | Shares rose nearly 5 percent in morning deals after the low-cost airline said it will hold a board meeting on July 23 to consider raising fresh capital through qualified institutional placement.
3/11
Infosys | CMP: Rs 1,789.4 | Shares soared to the top of the pack of index gainers, rising by 5 percent in early trade to hit a 52-week high, after the company beat analyst expectations of Q1 earnings and raised revenue growth guidance, signalling signs of recovery.
4/11
Zydus Lifesciences | CMP: Rs 1,141.8 | Shares fell 3 percent after the company's Jarod injectables manufacturing facility got classified as 'Official Action Indicated' (OAI) by the United States Food and Drug Administration (USFDA).
Go Digit General Insurance | CMP: Rs 344.20 | Shares surged 7 percent to Rs 363 in the morning trade after international brokerage Citi initiated coverage with a 'buy' call as it sees multiple levers of growth for the company.
6/11
JSW Infrastructure | CMP: Rs 317 | Shares fell nearly 7 percent after the company reported an annual decline in its consolidated net profit for the quarter ended June, driven by higher expenses.
7/11
Rail Vikas Nigam Limited (RVNL) | CMP: Rs 613.5 | Shares jumped nearly 9 percent to hit an intraday high of Rs 638 after the company announced a Memorandum of Understanding (MoU) with Israel's United Construction Ltd.
8/11
Dalmia Bharat's | CMP: Rs 1,813.90 | Shares fell over 5 percent after Q1 FY25 earnings left brokerages unimpressed, as revenue and net profit remained flat on-year.
Hindustan Aeronautics Ltd (HAL) | CMP: Rs 4,800 | Shares fell over 3 percent despite the aerospace and defence firm announcing a revised Memorandum of Understanding (MoU) with the Aeronautical Development Agency (ADA), bolstering their collaboration on the LCA AF Mk-2 programme. A sales note from InCred citing valuation concerns within defence stocks like HAL has likely spooked investors.
10/11
Havells India | CMP: Rs 1,765.90 | Shares fell over 5 percent after brokerages remained mute on the company despite it reporting a 43 percent jump in net profit for the quarter ended June.
11/11
BPCL | CMP: Rs 305.50 | Shares fell over 3 percent after the company reported a standalone net profit of Rs 3,015 crore for the first quarter of the financial year 2024-25, falling 71 percent from the year-ago period.
