Business

Bulls dominated the market, these stocks were the biggest movement

The shares of Westlife Development saw a strong growth of 13 percent in today’s opening trade.

Bulls dominated the market and Sensex, Nifty have recorded a record closing. Sensex has managed to cross 61,000 for the first time. On the other hand, Nifty has given closing above 18300. Mid and smallcap stocks also saw good growth today. The BSE Midcap index closed at 0.45 per cent and the Smallcap index gained 0.44 per cent.

At the end of trading, the Sensex closed at 61,305.95 with a gain of 568.90 points, or 0.94 per cent. On the other hand, Nifty closed at 18,335.65 with a gain of 173.90 points or 0.96 percent.

The biggest movement in these stocks was

Apollo Pipes | CMP: Rs 1,940 | Today the stock is up 1 per cent. The unaudited results for the second quarter and half year ended September 30 will be put up for approval at the company’s board meeting on October 22. The proposal for issue of bonus shares will also be considered in this meeting.

Westlife Development | CMP: Rs 584.70 | The shares of Westlife Development saw a strong growth of 13 percent in today’s opening trade. However, at the end of trading, it closed with a gain of 3 percent. Let us tell you that this is the same company that operates McDonald’s restaurant. The company has introduced a growth plan on the occasion of its completion of 25 years in India. Its effect has been seen on this stock today. Presenting its plan, the company has said that it will invest Rs 800-1,000 crore in its various businesses in the next 3-4 years and will open about 200 new outlets.

Wipro | CMP: Rs 707.55 | On the basis of strong results, today this stock has closed 5 percent higher. Wipro’s consolidated profit for the second quarter ended September 2021 fell 9.6 percent to Rs 2,930.7 crore. At the same time, the company’s profit has increased by 18.9 percent in the second quarter of this year as compared to the profit of the second quarter of the previous financial year. Bengaluru-based IT giant Wipro reported a 7.8 per cent increase in net income to Rs 19,760.7 crore for the quarter ended September 2021-22, a year-on-year growth of 30.1 per cent.

HDFC Bank | CMP: Rs 1,685.90 | Before the results of the September quarter, HDFC Bank has seen a jump of about 3 percent today. Its results will be out on October 16. In September 2021, the bank’s advances have been around 11.98 lakh crores, with a growth of 15.4 percent on a yearly basis.

Cyient | CMP: Rs 1,158 | The stock has also gained 7 per cent today on the back of good Q2 results. The company’s profit in Q2FY22 stood at Rs 121.3 crore with a growth of 5.5 per cent.

Infosys | CMP: Rs 1,715.50 | Infosys today closed with a slight gain. Infosys consolidated profit grew 11.9% to Rs 5421 crore in the September 2021 quarter. The company’s net profit grew by 11.9% year-on-year. Whereas it increased by 4.4% to Rs 5421 crore as compared to the June quarter. The company’s net profit in the June quarter was Rs 5195 crore.

GTPL Hathway | CMP: Rs 292.50 | The company has seen a decline of 4.7% per cent in its profits in Q2FY22. At the same time, there has been an increase of 3.5% in earnings. Despite the fall in profits, the stock is up 3 per cent today.

Mindtree | CMP: Rs 4,693.20 | Today this stock has also run up 7 percent on the basis of good results. On a quarter-on-quarter basis, Mindtree’s profit grew 16.2 per cent at Rs 399 crore in the second quarter. At the same time, it was estimated at Rs 358 crore in CNBC-TV18 poll. Whereas in the first quarter of the same financial year, the company’s profit stood at Rs 343.4 crore. The company’s rupee earnings in the second quarter on a quarterly basis grew by 12.8 per cent to Rs 2,586.2 crore. At the same time, CNBC-TV18 poll had estimated it to be at Rs 2,500 crore. Whereas in the first quarter of the same financial year, the company’s income stood at Rs 2,291.8 crore.

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