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India’s benchmark stock indices closed little changed, as gains in pharma and FMCG were offset by the losses in metal and PSU Bank stocks. The Sensex closed 0.05% to 60718.71 and Nifty rose 0.04% to 18109.45.
Nifty Metal plunged 1.82% and PSU Bank dropped 1.43%. The gainers were Nifty Pharma (1.45%) and FMCG (0.94%).
Indian rupee slipped 4 paise to close at 74.48 against the US dollar on Monday.
Stock in News Today
Sigachi Industries: Shares of the company got listed at Rs 575 on the BSE, a premium of 252.7% over its IPO issue price of Rs 163. The stock continued with its upward trajectory to hit an intraday high of Rs 603.75 and closed at the same price, up over 270%, on the BSE.
PB Fintech: The parent company of policybazaar gained on market debut as the stock listed at Rs 1150 apiece, a 17.3% premium to its IPO price of Rs 980. The stock then gained further and closed at Rs 1202.30, up 22.7%.
Info Edge: Shares of the company closed 1% lower after it reported second quarter results for the fiscal 2022. The company reported a consolidated revenue from operations of Rs 364.07 crore in Q2FY22 from Rs 260.91 crore in the year-ago period. However, its profit after tax jumped to 7369.34 crore in Q2FY22 from Rs 328.02 crore in the year-ago period due to exceptional gains from the blockbuster listing of online food delivery giant Zomato. Info Edge also said that it has raised Rs 750 crore via qualified institutional placement (QIP).
Apollo Hospitals Enterprise: Shares of the hospital chain jumped 8.8% to Rs 5080.95 after the company posted a 311% jump in consolidated net profit to Rs 267.41 crore in Q2FY22 from Rs 58.99 crore posted in Q2FY21. Consolidated net sales grew by 34.6% to Rs 3,717 crore in Q2 FY22 from Rs 2,760.72 crore posted in Q2 FY21.
SJS Enterprises: Shares of SJS had a tepid market debut after its initial public offering failed to garner investor interest. The stock listed at Rs 540 apiece, a 0.3% discount to its IPO issue price of Rs 542. The stock then fell further to hit a low of Rs 505.6 but closed at Rs 510.20, which is 5.9% lower than the issue price.