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POST-MARKET REPORT
In a highly volatile session on February F&O expiry day, the Indian benchmarks ended with marginal gains. At close, the Sensex was up 195.42 points or 0.27 percent at 72,500.30, and the Nifty was up 31.65 points or 0.14 percent at 21,982.80.
Adani Enterprises, Tata Consumer, M&M, IndusInd Bank, and Adani Ports were among the top gainers on the Nifty, while losers were Apollo Hospitals, Bajaj Auto, LTIMindtree, Eicher Motors, and UPL.
Among the sectors, except healthcare, all other indices ended in the green with the bank, capital goods, metal, and power up 0.5-1 percent. Regarding Broader markets, the BSE midcap index added nearly 1 percent, and smallcap index rose 0.5 percent.
STOCKS TODAY
Suzlon Energy: Shares of Suzlon Energy gained 4.98 percent after the company won a 30-MW wind power project for EDF Renewables. The project is located in Gujarat and the company will install 10 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3 MW each.
BEML: Shares of BEML declined 3.7 percent even after the company won an order worth Rs 72.71 crore from Eastern Coalfields Limited for BH100 Rear dumper. This took the stock’s decline to two consecutive sessions after it gained 9 percent on February 27.
Lumax Auto Technologies: Shares of the company soared 6 percent after a deal worth Rs 134.50 crore took place on the exchanges. Around 30 lakh shares, representing a 4.4 percent stake in the company changed hands at an average price of Rs 455 per share. The floor price of the deal reflected a 1 percent discount to the stock’s previous close.
Juniper Hotels: Juniper Hotels’ stock zoomed 8.09 percent after Norges Bank, on account of the Government Pension Fund Global, bought 21.7 lakh equity shares or 0.98 percent stake in the luxury hotel chain. The bulk deal was carried out at an average price of Rs 398.15 per share.
Bajaj Auto: Bajaj Auto stock fell 3.2 percent as it traded ex-buyback. The company had approved a Rs 4,000-crore share buyback in January and set the record date for it on February 28.
Venus Pipes: Shares of Venus Pipes & Tubes zoomed 5 percent after the stainless steel manufacturer entered the fittings business and expanded capacity for pipes and tubes. The company also announced Rs 175 crore capex for the expansion.
Bondada Engineering: Bondada Engineering stock gained 2.25 percent after the company bagged an order worth Rs 81 crore from NLC India. The work is to be executed in 15 months from the date of the LOA.