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10 shares that moved essentially the most on Could 6


Amongst sectors, steel and realty indices fell 3 % every, and the IT index was down 2 %; nevertheless, the ability index rose 0.5 %. BSE midcap and smallcap indices fell 2 % every.

Could 06, 2022 / 05:00 PM IST

Benchmark indices fell 1.5 percent on May 6 with Nifty closing below 16,500 on worries over interest rate hikes. At close, the Sensex was down 866.65 points or 1.56% at 54,835.58, and the Nifty was down 271.40 points or 1.63% at 16,411.30.

Benchmark indices fell 1.5 % on Could 6 with the Nifty closing under 16,500 on worries over rate of interest hikes. At shut, the Sensex was down 866.65 factors or 1.56% at 54,835.58, and the Nifty was down 271.40 factors or 1.63% at 16,411.30.

Mindtree, L&T Infotech | The share prices ended in the red down over 3 percent each on May 6. Construction and engineering major Larsen & Toubro (L&T) on May 6 announced the merger of its two software companies, Larsen & Toubro Infotech (LTI) and Mindtree. The name of the combined entity will be “LTIMindtree”. The Company shall issue and allot 73 (Seventy three) fully paid up equity shares of face value Re. 1 (one) each of the Company, for every 100 (Hundred) fully paid up equity shares of face value Rs. 10 (ten) in Amalgamating Company.

Mindtree, L&T Infotech | The share costs ended within the purple – down over 3 % every on Could 6. Development and engineering main Larsen & Toubro (L&T) on Could 6 introduced the merger of its two software program firms, Larsen & Toubro Infotech (LTI) and Mindtree. The title of the mixed entity can be “LTIMindtree”. The Firm shall challenge and allot 73 (Seventy-three) absolutely paid up fairness shares of face worth Re 1 (one) every of the Firm, for each 100 (Hundred) absolutely paid up fairness shares of face worth Rs. 10 (ten) in Amalgamating Firm.

Reliance Industries CMP: Rs 2,628 | The stock ended in the red on May 6 ahead of its Q4 earnings. The company is expected to report bumper earnings for the quarter ended March led by its refining, telecom and retail business even as the petrochemical operations may exhibit some weakness. The conglomerate is expected to report a 38 percent year-on-year rise in consolidated net profit at Rs 17,167 crore for the quarter ended March, according to an average of six brokerages polled by Moneycontrol. Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Reliance Industries CMP: Rs 2,628 | The inventory ended within the purple on Could 6 forward of its This fall earnings. The corporate is anticipated to report bumper earnings for the quarter ended March led by its refining, telecom, and retail enterprise even because the petrochemical operations could exhibit some weak point. The conglomerate is anticipated to report a 38 % year-on-year rise in consolidated web revenue at Rs 17,167 crore for the quarter ended March, in accordance with a mean of six brokerages polled by Moneycontrol.

Voltas | CMP: Rs 1,065 | The scrip was down 8 percent on May 6. Voltas has posted 23.5 percent fall in its Q4 net profit at Rs 182.7 crore versus Rs 238.7 crore and revenue was up 4.1% at Rs 2,666.6 crore against Rs 2,561.7 crore, YoY. Earnings before interest, tax, depreciation and amortization (EBITDA) was up 8.4% at Rs 261 crore versus Rs 240.8 crore and margin was at 9.8% versus 9.4%, YoY.

Voltas | CMP: Rs 1,065 | The scrip was down 8 % on Could 6. Voltas has posted a 23.5 % fall in its This fall web revenue at Rs 182.7 crore versus Rs 238.7 crore and income was up 4.1% at Rs 2,666.6 crore towards Rs 2,561.7 crore, YoY. Earnings earlier than curiosity, tax, depreciation, and amortisation (EBITDA) was up 8.4% at Rs 261 crore versus Rs 240.8 crore and the margin was at 9.8% versus 9.4%, YoY.

TVS Motor Company | CMP: Rs 631.60 | The scrip ended in the green on May 6. The firm reported a 5 percent year-on-year decline in standalone profit after tax (PAT) at Rs 275 crore as compared to a profit of Rs 289 crore achieved during the corresponding quarter of previous financial year. On a sequential basis as well, the profit has declined 5 percent from Rs 288 crore recorded in the previous quarter. Brokerage firm Citi has kept sell rating on TVS Motor Company, while raising the target price to Rs 590 per share. Brokerage house Jefferies has kept a buy rating on TVS Motor Company and raised the target price to Rs 800 per share.

TVS Motor Firm | CMP: Rs 631.60 | The scrip ended within the inexperienced on Could 6. The agency reported a 5 % year-on-year decline in standalone revenue after tax (PAT) at Rs 275 crore as in comparison with a revenue of Rs 289 crore achieved through the corresponding quarter of the earlier monetary yr. On a sequential foundation as nicely, the revenue declined 5 % from Rs 288 crore recorded within the earlier quarter. Brokerage agency Citi has maintained a ‘promote’ ranking on TVS Motor Firm whereas elevating the goal value to Rs 590 per share. Brokerage home Jefferies has saved a purchase ranking on TVS Motor Firm and raised the goal value to Rs 800 per share.

Jindal Worldwide | CMP: Rs 310.50 | The share ended in the green after Jindal Worldwide has acquired Mumbai-based electric vehicle start-up Earth Energy EV through its subsidiary Jindal Mobilitric. In addition, Jindal Mobilitric will set up a new manufacturing plant in Ahmedabad which will supplement the existing Earth Energy manufacturing facility in Maharashtra, company said in its release.

Jindal Worldwide | CMP: Rs 310.50 | The inventory ended within the inexperienced after Jindal Worldwide acquired Mumbai-based electrical automobile start-up Earth Power EV via its subsidiary Jindal Mobilitric. As well as, Jindal Mobilitric will arrange a brand new manufacturing plant in Ahmedabad which can complement the present Earth Power manufacturing facility in Maharashtra, the corporate stated in its launch.

Federal Bank | CMP: Rs 91.90 | The scrip shed 2 percent on May 6. Net profit of the bank grew 13.1% at Rs 540.5 crore against Rs 477.8 crore (YoY). NII was up 7.4% at Rs 1,525.2 crore against Rs 1,420.4 crore (YoY). Gross NPA at 2.80% against 3.06% (QoQ). Net NPA at 0.96% against 1.05% (QoQ). Provisions at Rs 75.2 crore against Rs 213.98 crore (QoQ) and against Rs 254.5 crore (YoY). Loan growth at 9.9% (YoY). Slippages at Rs 399 crore against Rs 453 crore (QoQ). Restructured book at Rs 3,963 crore against Rs 4,181 crore (QoQ). Net interest margin at 3.16% against 3.27% (QoQ).

Federal Financial institution | CMP: Rs 91.90 | The scrip shed 2 % on Could 6. Internet revenue of the financial institution grew 13.1% at Rs 540.5 crore towards Rs 477.8 crore (YoY). NII was up 7.4% at Rs 1,525.2 crore towards Rs 1,420.4 crore (YoY). Gross NPA stood at 2.80% towards 3.06% (QoQ) whereas web NPA got here in at 0.96% towards 1.05% (QoQ). Provisions at Rs 75.2 crore towards Rs 213.98 crore (QoQ) and towards Rs 254.5 crore (YoY). Mortgage development at 9.9% (YoY). Slippages at Rs 399 crore towards Rs 453 crore (QoQ). Restructured guide at Rs 3,963 crore towards Rs 4,181 crore (QoQ). Internet curiosity margin at 3.16% towards 3.27% (QoQ).

Ratnamani Metals | CMP: Rs 2,350 | The stock jumped 7 percent after the firm received new domestic orders aggregating to Rs 206 crore, to be executed within the Financial Year 2022-23.

Ratnamani Metals | CMP: Rs 2,350 | The inventory jumped 7 % after the agency acquired new home orders aggregating to Rs 206 crore, to be executed throughout the Monetary Yr 2022-23.

Tribhovandas Bhimji Zaveri | CMP: Rs 63.95 | The share fell over 6 percent after the company reported 72 percent fall in its profit after tax to Rs 2.43 crore as compared to Rs 8.6 crore reported during the same period last year due to the impact of the pandemic and geo-political crisis on the overall demand. The revenues however improved 18 percent on year to Rs 431 crore compared to Rs 366 crore during last year quarter.

Tribhovandas Bhimji Zaveri | CMP: Rs 63.95 | The inventory fell over 6 % after the corporate reported a 72 % fall in its revenue after tax to Rs 2.43 crore as in comparison with Rs 8.6 crore reported throughout the identical interval final yr as a result of influence of the pandemic and geopolitical disaster on the general demand. The revenues; nevertheless, improved 18 % on yr to Rs 431 crore in comparison with Rs 366 crore through the year-ago interval.

SJVN | CMP: Rs 28.30 | Thestock price ended in the green on May 6 after the firm bagged its first ever 30 MW Wind-Solar Hybrid project through a tender floated by Solar Energy Corporation of India Limited (SECT). The project was bagged at Rs 2.54/Unit on Build, Own and Operate basis in the Tariff based competitive bidding process. The tentative cost for Construction and Development of project is Rs 195 crores and the project is expected to generate 79 MU’s in the 1st year and on cumulative basis approximately 1860 MU’s would be generated over a period of 25 years.

SJVN | CMP: Rs 28.30 | The inventory ended within the inexperienced on Could 6 after the agency bagged its first-ever 30 MW Wind-Photo voltaic Hybrid undertaking via a young floated by Photo voltaic Power Company of India Restricted (SECT). The undertaking was bagged at Rs 2.54/Unit on Construct, Personal, and Function foundation within the Tariff-based aggressive bidding course of. The tentative price for the Development and Improvement of the undertaking is Rs 195 crore and the undertaking is anticipated to generate 79 MU’s within the 1st yr and on a cumulative foundation, roughly 1,860 MU’s can be generated over a interval of 25 years.

Ceat | CMP: Rs 1,106 | The stock added a percent in a weak market on May 6. The revenues of the firm increased 13 percent on year to Rs 2,592 crore. For the full year period, the profit was lower by 84 percent to Rs 71 crore compared to Rs 432 crore in FY21. Revenues for FY22 increased 23 percent to Rs 9,363 crore. The company declared a dividend of Rs 3 per equity share for FY22.

Ceat | CMP: Rs 1,106 | The inventory added a % in a weak market on Could 6. The revenues of the agency elevated 13 % on yr to Rs 2,592 crore. For the complete yr interval, the revenue was decrease by 84 % to Rs 71 crore in comparison with Rs 432 crore in FY21. Revenues for FY22 elevated 23 % to Rs 9,363 crore. The corporate declared a dividend of Rs 3 per fairness share for FY22.





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