Shares of Matrimony.com hit a record high of Rs 1,160 after surging 19 per cent on the BSE in the intra-day trade on Wednesday. The stock has zoomed 43 per cent in the past two trading days. The stock of the leading consumer internet company in India surpassed its previous high of Rs 1,025 touched on September 21, 2017, also its debut day on the bourses. It zoomed 362 per cent from its 52-week low of Rs 251 touched in March 2020. At 10:39 am, the stock was trading 17 per cent higher at Rs 1,137 on the BSE, against a 0.64 per cent rise in the S&P BSE Sensex. A combined 286,000 equity shares changed hands on the counter on the NSE and BSE.
Read more about National Stock Exchange halts intra day trading due to technical glitch on Business Standard. The country s other major stock exchange BSE, however, said it continues to have normal trading in all segments
Read more about World shares slide as inflation fears batter bonds, commodities surge on Business Standard. Oil prices rose on a tight global supply outlook after U.S. production was hammered by frigid weather and an approaching meeting of top crude producers is expected to keep output largely in check
Here are the top stocks that are likely to be in focus today:
Reliance Industries: The company, in a late night filing, said that it has begun the process of carving out the O2C business into an independent subsidiary. The process for seeking approvals is likely to be completed by Q2FY22. The reorganisation of the O2C business will result in no change in the company s shareholding.
Jindal Power: The firm announced the appointment of former bureaucrat Anil Kumar Jha as its Chairman. A veteran of the mining industry, Jha is former chairman of Coal India Limited, JPL said in a statement.
As the economy rebounded following the Covid led-lockdown, India Inc also staged an impressive show in the December 2020 quarter (Q3FY21). Festive season-led buying, cost-cutting measures and lower raw material costs came to the fore to boost corporate earnings, beating analysts expectations. A quick analysis of the BSE 500 companies shows that there are 25 firms that reported a turnaround performance during the period under review – swinging from loss to profit – as compared to the previous corresponding period. The list includes some of the prominent names such as Adani Green Energy, Bharti Airtel, Bank of Baroda, Lupin, Steel Authority of India, Tata Steel, The India Cements, Dr Reddy s Labs, Jindal Steel & Power and Punjab National Bank.