Get App
POST-MARKET REPORT
The Sensex and Nifty closed deep in the red on November 13, marking their fifth consecutive day of losses as inflation concerns and a sell-off in metal stocks weighed on market sentiment.
At the close, the Sensex had shed 984 points, or 1.3 percent, settling at 77,690, while the Nifty declined 324 points, or 1.4 percent, to 23,559. About 628 shares advanced, 3,180 shares declined, and 92 shares remained unchanged.
Among the Nifty 50’s biggest laggards were Tata Steel, Eicher Motors, M&M, Hindalco, and Hero MotoCorp, each down 3-4 percent. Meanwhile, Britannia, Tata Motors, NTPC, HUL, and Asian Paints were the top gainers.
All 13 major sectoral indices closed in the red, led by sharp declines in the auto, banking, metal, PSU bank, media, and realty sectors, which were down 2-3 percent.
In the broader markets, the BSE Midcap and BSE Smallcap indices dropped 2.6 percent and 3 percent, respectively.
STOCKS TODAY
Ashoka Buildcon: The stock surged 8 percent to Rs 240 per share on November 13 after it reported robust July-September quarter results. The highway developer reported a four-fold year-on-year (YoY) jump in net profit to Rs 462 crore in Q2FY25 from Rs 106 crore in the year-ago period. The company’s revenue from operations also increased by 15.5 percent YoY to Rs 2,489 crore in Q2FY25.
KNR Constructions: The stock skyrocketed 14 percent on November 13 after it reported blockbuster July-September quarter (Q2FY25) performance. The company’s net profit jumped by a whopping 310 percent year-on-year (YoY) or four-fold to Rs 585 crore in Q2FY25 from Rs 143 crore in the year-ago period.
Sula Vineyards: Shares of Sula Vineyards took a sharp tumble on the bourses after the wine player reported a weak earnings show for the quarter ended September. Sula Vineyards’s consolidated net profit fell 37 percent on-year to Rs 14.48 crore in the quarter ended September 30, from Rs 23.09 crore a year ago.
Nazara Technologies: Shares of Nazara Technologies gained over 3 percent in trade on November 13 on tying up with Open Network for Digital Commerce (ONDC). Nazara Tech and ONDC will launch an in-game monetization platform designed to help game developers boost their monetization efforts.
NTPC: NTPC shares rose despite a muted market sentiment as international brokerage Macquarie initiated coverage on NTPC with an outperform call as well, issuing a target price of Rs 475 per share. The firm is a play on energy security and transition, it benefits from both themes.
Nykaa: The stock reversed the day’s gain and ended lower on November 13 as the operator of the Nykaa reported positive earnings for the quarter ended September 30, 2024 (Q2FY25). Given the solid results, Nuvama maintained its ‘Buy’ rating on the stock. Nykaa reported a 66% year-on-year increase in consolidated net profit to Rs 12.97 crore and its consolidated revenue from operations grew by 24.4% YoY to Rs 1,874.84 crore in Q2.