Today’s trading was driven by selling pressure on metals, banking, pharma, consumer goods, realty and IT stocks.
Due to weak global cues, the two-day rally of the market broke down today. Nifty closes below 17200. Today’s trading was driven by selling of Metal, Banking, Pharma, Consumer Goods, Realty and IT stocks. At the close of trading, the Sensex had lost 714.53 points, or 1.23 percent, to close at 57,197.15. The Nifty, on the other hand, closed at 17171.95, down 220.65 points or 1.27 percent.
The biggest movement in these shares today
HDFC Life Insurance | CMP: Rs 554.50 Today the stock closed with a fall of 3 percent. The company said in a press release that it was going to consider raising funds and dividends at a board meeting. The effect of which has been seen in the share price and today there has been a downturn in business. The board meeting of HDFC Life Insurance Company will be held on 26th April. At this meeting, the Board will consider and approve the individual and consolidated financial results audited for the quarter and year ending in March. It will also recommend a final dividend for the 2022 fiscal year, if any. The company said in a press release. Also, the board of HDFC Life Insurance Company will consider paying cash for the acquisition of Exide Life Insurance Company. The Board will also consider raising funds by issuing non-convertible debentures to strengthen the cash reserves after making payments in cash.
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HCL Tech | CMP: Rs. 1,102.50 Today the stock is off the green. As a result of April 21, HCL Technologies’ consolidated profit rose 226 percent to Rs 3,593 crore. Motilal Oswal of HCL Tech said, “The company has a big exposure to the cloud. The company’s portfolio shows flexibility in the company’s portfolio in the current context with huge demand for cloud, network, security and digital workplace services. Tech of Prabhudas Liladh’s comment about HCL. “We downgrade HCL Tech to ‘Accumulate’ (by purchase). We have reduced the DCF based target from Rs. 1295 to Rs. 1169.
Science | CMP: Rs 899.85 Today the stock has managed to close with an increase of 8 percent. In the fourth quarter of 2021-22 FY, Cyient’s profit increased by 17% quarter-on-quarter to Rs 154.2 crore as compared to Rs 154.2 crore in the third quarter of the same financial year. The company’s attrition rate for the fourth quarter fell to 26.9 percent from 29.3 percent. At the same time, the board also announced a final dividend of Rs 14 per share.
Rallies India | CMP: Rs. 252.95 The stock closed down 10 percent today. In the fourth quarter of the 2021-22 financial year, the company turned from profit to loss. In the fourth quarter, the company posted a loss of Rs 14.19 crore as against a profit of Rs 8.12 crore in the same financial year last year. At the same time, the company’s annual revenue stood at Tk 506.5 crore, compared to Tk 481.3 crore in the fourth quarter of last year.
Hindustan Zinc | CMP: Rs. 344.30 Today this stock is off the red spot. Hind Zinc has announced its fourth quarter results for the financial year 2021-22. During the period, the company’s profit rose 18 per cent year-on-year to Rs 2,928 crore from Rs 2,481 crore in the fourth quarter of last year. On a year-on-year basis, Hind Zinc’s revenue rose 26.6 per cent to Rs 8,797 crore in the fourth quarter. 6,947 crore in the same quarter last year.