: Wednesday, May 5, 2021, 1:33 AM IST
Stocks to watch today: Adani Ports, DCM Shriram, Satin Creditcare, Alembic Pharma, Adani Total Gas, RBL Bank, L&T Infotech among others
Stocks to watch today: Adani Ports, DCM Shriram, Satin Creditcare, Alembic Pharma, Adani Total Gas, RBL Bank, L&T Infotech among others
Some raised funds while others invested, some reported profit while others reported loss. So, here is a mix bag of stocks that are expected to be more active than usual.
Below are list of stocks:
Adani Ports and Special Economic Zone Limited (APSEZ): The port company on Tuesday reported a 288 per cent jump in consolidated net profit to Rs 1,321 crore for the fourth quarter ended March 31, 2021. The country s largest integrated logistics player had clocked a consolidated net profit of Rs 340.21 crore in the corresponding period of the previous fiscal, it said in a BSE filing. Consolidated total income increased to Rs 4,072.42 crore for the fourth quarter as against Rs 3,360
Nifty, Sensex will follow global cues on tech stocks and inflation – Weekly closing report
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Shares of electric utilities companies were in focus at the bourses on Thursday, with the S&P BSE Power index hitting a 52-week high in an otherwise subdued market amid expectation of higher power demand. Among stocks, Adani Power, Tata Power, Torrent Power, Adani Transmission and NHPC also hit their respective 52-week highs and rallied by up to 10 per cent on the BSE.
At 10:29 am, the S&P BSE Power index, the top gainer among sectoral indices, was up 0.94 per cent, as compared to 1.3 per cent decline in the S&P BSE Sensex.
Among the individual stocks, Tata Power hit a 52-week high of Rs 111 after rising 5 per cent in intra-day. The stock was trading higher for the fourth straight day. The country’s largest integrated power company on Wednesday announced that TP Saurya Limited, the wholly owned subsidiary of The Tata Power Company, has signed a Power Purchase Agreement with Tata Steel (TSL) to develop a 15 MW solar project at Jamshedpur, Jharkhand.
This Tata Group stock delivered 320% returns in 10 months
Shares of Tata Power rallied 322 per cent in last 10 months from its 52-week low of Rs 27, touched on April 12, on improved outlook and higher power demand
Chitranjan Kumar | March 4, 2021 | Updated 16:24 IST
TATA Power share price ends 3.9% higher at Rs 109.35
Shares of Tata Power surged over 8 per cent intraday to hit 52-week high of Rs 114 on Bombay Stock Exchange on Thursday, in an otherwise weak broader market. The stock has rallied 322 per cent in last 10 months against 52-week low of Rs 27, hit on April 12 amid improved outlook and higher power demand.
The S&P BSE Power index was the top gainer on sectoral space, surging 1.43 per cent on the back of surge in buying in Adani Power, Tata Power, BHEL, NHPC and Torrent Power stocks. Adani Power, Torrent Power, Adani Transmission and NHPC hit their respective 52-week highs on the BSE on higher power demand.
Profit taking may sink Nifty 200 points at open
March 04, 2021
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Most Asian-Pacific markets slumped in excess of 1% in early trade on Thursday while US stocks declined overnight
After gaining sharply in the last three days, Indian markets are likely to witness profit booking on Thursday. Clues from SGX Nifty and global markets too indicate a cooling-off of the bull party. SGX Nifty is currently ruling at 15,074, down about 220 points, against Nifty futures, which closed at 15,298.65 on Wednesday.
Most Asian-Pacific markets slumped in excess of 1 per cent in early trade on Thursday while the US stocks declined overnight, with Nasdaq being the biggest loser by 2.70 per cent. The Dow Jones Industrial Average slipped 0.40 per cent and the S&P 500 1.31 per cent.
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