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10 stocks that moved the most on May 9


Oil & fuel, metallic, FMCG, energy, realty and PSU Financial institution indices fell 1-2 p.c. BSE midcap and smallcap indices shed practically 2 p.c every.

Could 09, 2022 / 04:52 PM IST

Benchmark indices ended lower in the volatile session on May 9 with Nifty finishing just above 16300 amid weak global cues. At close, the Sensex was down 364.91 points or 0.67% at 54470.67, and the Nifty was down 109.40 points or 0.67% at 16301.90.

Indian benchmark indices ended decrease in a risky session on Could 9 amid weak world cues. At shut, the Sensex was down 364.91 factors or 0.67% at 54,470.67, and the Nifty was down 109.40 factors or 0.67% at 16,301.90.

Reliance Industries: CMP: Rs 2,508 | The stock fell over 4 percent on May 9. RIL on May 6 reported 22.5 percent year-on-year growth in its consolidated net profit to Rs 16,203 crore, which was below expectations of Rs 17,167 crore. The oil-to-telecom conglomerate's consolidated revenue from operations surged 36.8 percent year-on-year to Rs 2.1 lakh crore in line with Street's estimate. The company's board also recommended a dividend of Rs 8 per share for the financial year ended March. Goldman Sachs has kept a buy rating on Reliance Industries with a target of Rs 3,200 per share as it sees company as a unique energy transition story. Disclaimer: 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 2,508 | The inventory fell over 4 p.c on Could 9. RIL on Could 6 reported a 22.5 p.c year-on-year progress in its consolidated internet revenue to Rs 16,203 crore, which was under expectations of Rs 17,167 crore. The oil-to-telecom conglomerate’s consolidated income from operations surged 36.8 p.c year-on-year to Rs 2.1 lakh crore according to Avenue’s estimate. The corporate’s board additionally really helpful a dividend of Rs 8 a share for the monetary 12 months ended March. Goldman Sachs has stored a purchase ranking on Reliance Industries, with a goal of Rs 3,200 a share, because it sees the corporate as a singular power transition story.
Disclaimer: Moneycontrol is part of the Network18 group. Network18 is managed by Impartial Media Belief, of which Reliance Industries is the only beneficiary.

Equitas Holdings | CMP: Rs 108.80 | The share price added 2 percent after The Reserve Bank of India on May 6 cleared the Equitas Holdings and Equitas SFB merger, Equitas Small Finance Bank said in an exchange filing. The scheme of amalgamation between Equitas Holdings Limited (EHL), Equitas SFB Limited (ESFB), and their respective shareholders had been submitted to the Stock Exchanges and the RBI for their approval/ no-objection confirmation on March 21.

Equitas Holdings | CMP: Rs 108.80 | The share value added 2 p.c after The Reserve Financial institution of India on Could 6 cleared the Equitas Holdings and Equitas SFB merger, Equitas Small Finance Financial institution mentioned in an alternate submitting. The scheme of amalgamation between Equitas Holdings Restricted (EHL), Equitas SFB Restricted (ESFB), and their respective shareholders had been submitted to the inventory exchanges and the RBI for his or her approval/ no-objection affirmation on March 21.

Campus Activewear | CMP: Rs 372.65 | The stock ended the first day of trading with gains of 27 percent on May 9. The lifestyle-oriented sports and athleisure footwear company started off first day trade with a 23.29 percent premium which was on expected lines given the robust IPO subscription and strong position in economy and mid segment with sound management.

Campus Activewear | CMP: Rs 372.65 | The inventory ended the primary day of buying and selling with a acquire of 27 p.c on Could 9. The approach to life-oriented sports activities and athleisure footwear firm began off first day commerce with a 23.29 p.c premium, which was alongside anticipated traces, given the sturdy IPO subscription and powerful place in economic system and mid-segment with sound administration.

Tata Power | CMP: Rs 229.95 | The scrip was down over 6 percent on May 9. Global brokerage, CLSA, has given a 'sell' call for the stock with a target price of Rs 212 per share. It was disappointed by the performance of its Coal business division which again had a dismal quarter rocked by regulations and weather. Both the volume & average selling price was down for Indonesia coal QoQ. CLSA believes that overall businesswise it was a weak quarter but the numbers were pepped up by tax break On CGPL merger. The brokerage finds the valuations expensive at 24x FY24 EPS. Domestic brokerages like Elara Capital and Sharekhan however, are positive about the stock and have given a 'buy' rating with a target prices of Rs 258 and Rs 297 respectively.

Tata Energy | CMP: Rs 229.95 | The scrip was down over 6 p.c on Could 9. International brokerage CLSA has given a ‘promote’ name for the inventory, with a goal value of Rs 212 per share. It was disillusioned by the efficiency of its coal enterprise division which once more had a dismal quarter rocked by rules and climate. Each the quantity and common promoting value was down for Indonesia coal QoQ. CLSA believes that general businesswise it was a weak quarter however the numbers have been pepped up by the tax break on CGPL merger. The brokerage finds the valuations costly at 24x FY24 EPS. Home brokerages like Elara Capital and Sharekhan nevertheless, are constructive concerning the inventory and have given a ‘purchase’ ranking with a goal costs of Rs 258 and Rs 297, respectively.

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Delivery Company of India | CMP: Rs 117.30 | The inventory value dipped 6 p.c on Could 9 regardless of the corporate recording an enormous 77.4 p.c year-on-year progress in consolidated revenue at Rs 152 crore within the quarter ended March 2022 on sturdy topline and working revenue. Income from operations grew by 50 p.c to Rs 1,314.5 crore throughout the identical interval.

UPL | CMP: Rs 776.65 | The share price ended in the red on May 9. The company reported 29.7 percent jump in its Q4 net profit at Rs 1,379 crore versus Rs 1,063 crore and revenue was up 24% at Rs 15,861 crore versus Rs 12,796 crore, YoY. It reported one-time loss at Rs 168 crore versus loss of Rs 80 crore, YoY, reported CNBC-TV18.

UPL | CMP: Rs 776.65 | The share value ended within the crimson on Could 9. The corporate reported a 29.7 p.c bounce in its This autumn internet revenue at Rs 1,379 crore versus Rs 1,063 crore and income was up 24% at Rs 15,861 crore versus Rs 12,796 crore, YoY. It reported one-time loss at Rs 168 crore versus lack of Rs 80 crore, YoY, reported CNBC-TV18.

DCB Bank | CMP: Rs 80.25 | The scrip was up 3 percent after the bank clocked 46 percent year-on-year growth in profit at Rs 113 crore in quarter ended March 2022 driven by lower provisions with improved asset quality and higher net interest income. Net interest income during the same period increased by 22.2 percent to Rs 380 crore in Q4.

DCB Financial institution | CMP: Rs 80.25 | The scrip was up 3 p.c after the financial institution clocked 46 p.c year-on-year progress in revenue at Rs 113 crore within the quarter ended March 2022 pushed by decrease provisions with improved asset high quality and better internet curiosity revenue. Internet curiosity revenue through the interval elevated by 22.2 p.c to Rs 380 crore in This autumn.

Mangalam Cement | CMP: Rs 325 | The share shed 5 percent on May 9 after the company registered a 50.6 percent year-on-year decline in profit at Rs 17.47 crore in March 2022 quarter due to higher input cost, and power & fuel expenses. However, its revenue increased by 10 percent to Rs 451.6 crore during the same period.

Mangalam Cement | CMP: Rs 325 | The share shed 5 p.c on Could 9 after the corporate registered a 50.6 p.c year-on-year decline in revenue at Rs 17.47 crore in March 2022 quarter resulting from greater enter price, and energy and gasoline bills. Nevertheless, its income elevated by 10 p.c to Rs 451.6 crore throughout the identical interval.

BASF | CMP: Rs 2,848 | The stock price surged 10 percent after the firm reported net profit at Rs 149.8 crore against Rs 55.8 crore (YoY). Revenue was up 20.8% at Rs 3,389.5 crore against Rs 2,805.6 crore (YoY). EBITDA slipped 2% at Rs 215.1 crore against Rs 219.4 crore (YoY). EBITDA margin at 6.3% against 7.8% (YoY).

BASF | CMP: Rs 2,848 | The inventory value surged 10 p.c after the agency reported internet revenue at Rs 149.8 crore in opposition to Rs 55.8 crore (YoY). Income was up 20.8% at Rs 3,389.5 crore in opposition to Rs 2,805.6 crore (YoY). EBITDA slipped 2% at Rs 215.1 crore in opposition to Rs 219.4 crore (YoY). EBITDA margin at 6.3% in opposition to 7.8% (YoY).

Mold-Tek Packaging | CMP: Rs 700 | The scrip was down over 4 percent after net profit of the firm fell 4% at Rs 17.3 crore against Rs 18 crore (YoY). Revenue went down 10.5% at Rs 178 crore against Rs 161 crore (YoY).

Mould-Tek Packaging | CMP: Rs 700 | The scrip was down over 4 p.c after the agency’s internet revenue fell 4% at Rs 17.3 crore in opposition to Rs 18 crore (YoY). Income went down 10.5% at Rs 178 crore in opposition to Rs 161 crore (YoY).

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