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POST-MARKET REPORT
Dalal Street on October 14, took Nifty to cross 25,150, intraday, amid buying seen across the sectors, barring metal and media after a couple of rangebound sessions.
At close, the Sensex was up 591.69 points or 0.73 percent at 81,973.05, and the Nifty was up 163.70 points or 0.66 percent at 25,128.
Wipro, Tech Mahindra, HDFC Life, L&T, and HDFC Bank were among the top gainers on the Nifty, while losers were ONGC, Maruti Suzuki, Tata Steel, Bajaj Finance and Adani Enterprises.
Except for metal and media, all other sectoral indices ended in the green with Information Technology, Bank, and Realty indices up 1 percent each.
The BSE midcap index was up 0.3 percent and smallcap index ended flat.
STOCKS TODAY
Transformers and Rectifiers India: Shares of the company surged to its upper circuit of five percent after a block deal worth Rs 211 crore took place on the exchanges. As many as 27 lakh shares of Transformers and Rectifiers changed hands in a block deal, at a floor price of Rs 780 per share, reflecting a 2.6 percent discount from the previous closing price.
Mahanagar Telephone Nigam (MTNL): Shares of the PSU telecom service provider, saddled with a debt of over Rs 31,000 crore payable to various lenders, gained 4.8 percent amid reports that the company may find a revival plan coming its way and may not head to the NCLT route for resolution. Sources told the channel that there may be a case for a fund infusion into MTNL.
Premier Energies: The stock gained as much as 10 percent after the company’s subsidiaries Premier Energies International and Premier Energies Photovoltaic — secured multiple orders, cumulatively worth Rs 765 crore. This includes Rs 632 crore orders for solar modules and orders worth Rs 133 crore for solar cells. The stock ended 2.3 percent higher.
Wipro: Shares of the company rose as much as 4.24 percent as investors lapped up the stock ahead of a meeting on October 17 wherein the company’s board is slated to consider the issuance of bonus shares. If approved, this will mark Wipro’s fourth bonus issue ever, after similar corporate actions were taken in 2019, 2017, and 2010.
Hindustan Construction Company: Shares rose over 3.5 percent after the company received an order worth Rs 1.031.6 crore from the Maharashtra State Road Development Corporation for constructing a two-lane bridge across Agardanda Creek, connecting Tokekhar and Turumbadi in Raigad District on the Revas-Reddi Coastal Highway (MSH-04) in Maharashtra.
Avenue Supermarts: DMart shares cracked over 8 percent as its parent Avenue Supermarts earnings show for the quarter ended September left the Street disappointed, as the revenue and net profit fell below expectations. The biggest miss for Avenue Supermarts was revenue growth, which was the slowest in four years. The like-for-like growth was the slowest in three years.