Markets scrap early gains; Metal stocks in a nosedive; JSW Steel, Tata Steel, Hindalco top bears; Titan leads
In the early deals, Sensex jumped nearly 264 points with an intraday high of 50,901.18, while Nifty 50 climbed over 50 points with an intraday high of 15,258.60. May 26, 2021 9:35 IST | India Infoline News Service A volatile session was recorded during Wednesday s opening bell as investors headed into the highest close for derivative contracts in the last 3 months. Unlike Asian counterparts, Indian benchmarks Sensex and Nifty traded rather with lacklustre demand. Metal stocks were the worst hit, while media stocks entered a rally. In the early deals, Sensex jumped nearly 264 points with an intraday high of 50
UPL share hits 52-week high on strong Q4 earnings
The stock has gained 90 per cent in one year and risen 59.39 per cent since the beginning of this year
BusinessToday.In | May 14, 2021 | Updated 17:34 IST
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UPL share rose over 10 per cent to hit a fresh 52-week high of Rs 764.45 on BSE today after the company reported a 73.5 per cent rise in its consolidated net profit in Q4. The company reported a consolidated net profit of Rs 1,361 crore in Q4 compared with a net profit of Rs 784 crore in Q4 FY20.
The stock ended 7.51 per cent higher at Rs 743.55 against the previous close of Rs 691.60 . The stock has gained 90 per cent in one year and risen 59.39 per cent since the beginning of this year. UPL s share stands higher than 5 day, 10 day, 20 day, 50 day, 100 day, and 200 day moving averages. Market cap of the firm rose to Rs 56,810.60 crore.
Here are the top stocks to track in today s session
Earnings Today: A total of 36 companies are slated to post their March quarter numbers today, including Asian Paints, UPL, Pidilite Industries, Lupin, Tata Power and Voltas.
MSCI Rejig: Adani Enterprises, Adani Total Gas, Adani Transmission, Bharat Electronics, Cholamandalam Investment and SBI Card are among six firms that will be added to the MSCI India Index while Zee Entertainment will be deleted from it. The changes will come into effect on the close of May 27.
Airtel, RIL, VIL: Airtel added the highest number of active subscribers for the third straight month in February at 3.7 million, according to data released by the Telecom Regulatory Authority of India. On the other hand, Reliance Jio lost as many as 0.16 million active customers. However, it added 4.27 million gross subscribers in February. Vodafone Idea (VIL) added gross subscribers to its network for the first time since October 2019, gaining 0.65 million users.