February 22, 2024

January 29, 2024 / 04:14 PM IST

On January 29, the Sensex was up 1,240.90 factors or 1.76 p.c at 71,941.57, and the Nifty was up 385.00 factors or 1.80 p.c at 21,737.60. About 2,175 shares superior, 1,588 shares declined and 143 shares had been unchanged.

Shriram Finance | CMP Rs 2,399.6 | Shriram Finance inventory gained 4.01 p.c and hit its all-time excessive worth after robust Q3 outcomes. The NBFC’s Asset Beneath Administration elevated 20.7 p.c YoY to Rs 2.14 lakh crore. The corporate’s provisions went up 37 p.c and web revenue was up 4 p.c.

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IRB Infra Builders | CMP Rs 60.8 | Shares of IRB Infrastructure Builders surged 19.92 p.c a day after the corporate mentioned the Arbitration Tribunal has granted an award in favour of Yedeshi Aurangabad Tollway (YATL), a particular objective car (SPV) arrange for the venture, in arbitration proceedings towards the Nationwide Highways Authority of India.

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Suggestions Industries | CMP Rs 431.95 | Shares of Suggestions Industries jumped 5 p.c after Rs 248 crore price of shares exchanged palms within the change. The corporate reported a 72 p.c year-on-year rise in web revenue at Rs 34.7 crore within the December quarter, whereas income jumped 27 p.c to Rs 64.8 crore.

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SBI Playing cards | CMP Rs 716.25 | SBI Playing cards and Cost Providers inventory fell 5.74 p.c after the corporate’s asset high quality deteriorated within the December quarter. SBI Playing cards and Cost Providers Restricted’s gross non-performing belongings (NPAs) and NNPA got here in at 2.64 p.c and 0.96 p.c, up from the earlier quarter in addition to the year-ago interval.

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Maharashtra Seamless | CMP Rs 1,050 | Shares of Maharashtra Seamless went up 5.62 p.c after the corporate received two contracts with an mixture primary worth of Rs 116 crore roughly from Indian Oil Company for the availability of seamless pipes.

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Macrotech Builders | CMP Rs 1,037 | Shares of Macrotech Builders fell practically 1.8 p.c after traders booked revenue within the inventory after the corporate reported stellar numbers in Q3 outcomes. The inventory had additionally gained 40 p.c within the final three months.

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Mahindra Logistics | CMP 437.05 | Shares of Mahindra Logistics went up 1.5 p.c intraday after the corporate introduced a 1 lakh sq ft enlargement of its warehouse in Maharashtra’s Nashik. The corporate additionally introduced a brand new 3 lakh sq ft facility, taking its warehousing footprint to five lakh sq ft in Nashik. The inventory misplaced a number of the good points and closed 0.89 p.c up within the inexperienced.

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Cipla | CMP Rs 1,341.55 | Shares of Cipla went down 2.05 p.c after Samina Hamied stepped down from her position as the chief vice-chair of the corporate. Nonetheless, she’s going to proceed to stay related to the corporate as a non-executive director who’s liable to retire by rotation.

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SJVN | CMP Rs 130.2 | Shares of SJVN gained 11.81 p.c after the corporate mentioned it bagged a solar energy venture from Gujarat Urja Vikas Nigam Restricted (GUVNL). The bottom-mounted photo voltaic venture could be developed by the corporate by way of its wholly-owned subsidiary SJVN Inexperienced Vitality Restricted (SGEL) at a tentative price of Rs 550 crore.

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Reliance Industries | CMP Rs 2,890.1 | Shares of Reliance Industries rallied 6.8 p.c and hit an all-time excessive after Bloomberg reported Walt Disney’s India unit misplaced nearly half of its valuation forward of its merger with Reliance’s media enterprise.
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