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POST-MARKET REPORT
The market ended higher and extended the winning run continuously for the third time on February 15 with Nifty at 21,900 in a volatile session.
At close, the Sensex was up 227.55 points or 0.32 percent at 72,050.38, and the Nifty was up 70.70 points or 0.32 percent at 21,910.75.
Top gainers on the Nifty included M&M, BPCL, ONGC, NTPC, and Power Grid Corporation, while top losers were Axis Bank, Apollo Hospitals, ITC, HUL, and Nestle India.
Among the sectors, the FMCG index shed 0.9 percent, on the other hand, auto, PSU Bank, metal, realty power, and oil & gas up 1-2 percent. BSE Midcap and Smallcap indices were up one percent each.
STOCKS TODAY
MIC Electronics: The MIC Electronics stock soared 10 percent and got locked in the upper circuit after the company announced that it has developed a 42V/3A electric vehicle (EV) battery charger for e-cycles and two-wheelers. The company said the charger will be launched shortly and commercial operations will begin in March.
Oil India: Shares of Oil India zoomed 12.4 percent on robust production outlook. Brokerage house Motilal Oswal said Oil India’s production growth guidance remains robust, with drilling activity and development wells in old areas contributing to this growth.
IndiGo: IndiGo operator InterGlobe Aviation’s stock fell 1.97 percent after CNBCTV18 reported that the airline is likely to cancel around six to 12 flights from the Mumbai airport as per government directives.
NMDC: The NMDC stock gained 4.69 percent after the company reported stellar results for the December quarter. India’s largest iron ore producer reported a 62.6 percent on-year growth in consolidated net profit at Rs 1,469.73 crore in the December quarter, driven by healthy domestic demand for steel.
Oil India: Shares of Oil India zoomed 12.4 percent on robust production outlook. Brokerage house Motilal Oswal said Oil India’s production growth guidance remains robust, with drilling activity and development wells in old areas contributing to this growth.
Narayana Hrudayalaya: The Narayana Hrdudayalaya stock fell 4.39 percent even after the company reported a 22 percent year-on-year increase in December profit. The company saw a 6.7 percent year-on-year increase in Q3FY24 revenue at Rs 1,203.6 crore.
Aster DM Healthcare: Shares of Aster DM Healthcare surged 7.22 percent after the company said the company was being split to create two separate entities, focused on India and GCC.
Sterlite Technologies: Shares of Sterlite Technologies went up 3.28 percent after the company announced its partnership with BAPS temple in Abu Dhabi for optical solutions.