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POST-MARKET REPORT
The Indian equity indices extended losses for the second consecutive session on April 15 on widespread selling, as Israel and Iran tensions weighed on investors’ risk appetite.
At close, the Sensex was down 845.12 points, or 1.14 percent, at 73,399.78, and the Nifty was down 246.90 points, or 1.10 percent, at 22,272.50.
The biggest losers on the Nifty included Shriram Finance, Wipro, Bajaj Finance, ICICI Bank and Bajaj Finserv, while gainers were ONGC, Hindalco Industries, Maruti Suzuki, Nestle India and Bharti Airtel.
Among sectors, except oil & gas and metal, all sectoral indices ended in the red. Furthermore, considering broader market indices, BSE midcap and smallcap indices were down 1.5 percent each.
STOCKS TODAY
Ramkrishna Forgings: Shares of Ramkrishna Forgings Limited climbed high on April 15 after the company secured Rs 270-crore orders for Vande Bharat trains. The scope of this project involves the development and validation of the bogie frame for the sleeper version of the Vande Bharat trainset. This order encompasses 32 trainsets, each comprising 16 coaches. the company said in a regulatory filing.
Exide Industries: Shares of Exide Industries Limited hit a new 52-week high of on April 15 as Morgan Stanley raised the target price to Rs 485 from Rs 373 after citing multiple levers for growth for the company. The new price target implies an upside of 22.8 percent from the close of Rs 398 on April 12. The firm’s share price has surged over 120 percent in the last year.
Aster DM Healthcare: Shares of Aster DM Healthcare zoomed 7 percent and hit a fresh record high of Rs 558 on the NSE. The gains come after the company announced a special dividend of Rs 118 a share. Average trading volume on the counter jumped more than four-fold with a total of 1 crore shares changing hands on BSE and NSE combined, compared to the weekly average of 21 lakh.
IREDA: Shares of the Indian Renewable Energy Development Agency slumped on April 15 after three domestic mutual funds exited the counter in March. Kotak Mutual Fund, Nippon India Mutual Fund, and ICICI Prudential Mutual Fund exited IREDA in March. None of the three fund houses held more than a 1 percent stake in the company as of the December quarter, as their names did not feature in the public shareholding data on the BSE.
Senco Gold: Shares of Senco Gold, one of the leading pan-India jewelry retailers in India, surged by 19.52% to reach a new all-time high of ₹958 per share during today’s trading session. This significant uptick in investor interest follows the release of the company’s business update for Q4FY24. In the fourth quarter of last fiscal year, the company reported a 39% year-on-year increase in revenue, while for the entire fiscal year, the revenue saw a robust 28% year-on-year growth.
Reliance Power: Shares of Reliance Power fell 4 percent on April 15 after the company reported that it had completed the slump sale of its Vashpet, Maharashtra wind power project to JSW Renewable Energy and the consideration amounting to Rs. 132.39 crore had been received.