The market closed almost a percent lower on January 8 on weak global cues, nervousness ahead of Q3 earnings and profit booking. The Sensex was down 670.93 points, or 0.93 percent, at 71,355.22, and the Nifty was down 197.80 points, or 0.91 percent, at 21,513.00. About 1,611 shares advanced, 1,854 declined and 68 remained unchanged.
2/11
Marico | CMP Rs 524.2 | The shares went down nearly 4 percent along with other FMCG companies as brokerage firms expect flat sales and sluggish volume growth for these companies in the December quarter.
3/11
Honasa Consumer | CMP Rs 473.95 | Shares of Mama Earth parent Honasa Consumer went up 6.35 percent following a block deal, with 32.60 lakh shares worth Rs 142 crore changing hands on the exchanges.
4/11
Godrej Industries | CMP Rs 885 | Godrej Industries stock surged 5.21 percent after the company signed a non-binding MoU with the Gujarat government to invest Rs 600 crore.
Adani Wilmar | CMP Rs 370.5 | Shares of Adani Wilmar slipped 1.91 percent after the company’s stand alone sales declined 15 percent year on year in the December quarter.
6/11
Nykaa | CMP Rs 177 | Shares of Nykaa’s parent FSN E-commerce went up 2.08 percent after the company in its business update said it expects the Beauty and Personal Care (BPC) vertical to report Gross Merchandise Value growth in the mid-20s for the October-December quarter and Net Sales Value growth to be around 20 percent on an year-on-year basis.
7/11
Jupiter Wagons | CMP Rs 352 | The Jupiter Wagon stock rose 2.68 percent after the company received a Rs 100-crore order from an automobiles manufacturer.
8/11
Bank of Baroda | CMP Rs 225.1 | Shares of Bank of Baroda plunged 4 percent even after the bank reported a 10.68 percent year-on-year (YoY) growth in its global business, reaching Rs 22.95 lakh crore for the December quarter.
TVS Motors | CMP Rs 2,038.8 | Shares of TVS Motors rallied 3 percent after the company signed a contract with the Tamil Nadu government to invest Rs 5,000 crore in the southern state.
10/11
Adani Ports | CMP Rs 1,172.4 | Shares of Adani Ports went up 1.57 percent after Citi raised the target price for the stock to Rs 1,368. The brokerage expects the company to deliver a 49 percent/70 percent growth in EBITDA/PAT on the back of strong volume growth.
11/11
ACC | CMP Rs 2,360 | Shares of ACC fell 0.73 percent after the company completed the acquisition of Asian Concretes and Cements Private Limited (ACCPL) for Rs 775 crore.
