D-Street Newsmakers: Cipla, Siemens and M&M among stocks that hogged limelight today
Amid consistent FII selling and extremely cautious sentiment, Indian equity benchmarks snapped 3-day gains with Nifty settling at 22,200 levels.
Indian equities ended on a weak note amid profit-booking in select pockets, including banking, auto and FMCG stocks, nevertheless gains in realty, power and oil and gas limited the downside. Nifty at the close ended weak by 0.08 per cent at 22,200.55, while Sensex shed 0.16 per cent and closed at 72,987.03. Meanwhile, broader markets continued their uptrend.
Prashanth Tapse, Senior VP (Research), Mehta Equities is of the view that with rate cuts from the US Fed getting delayed further and FII selling worsening the sentiment, investors are getting nervous and taking a cautious stance amid growing uncertainty.
Here are the stocks that hogged limelight in today’s session:
M&M
Ahead of its results tomorrow, shares of the Mumbai-based automaker ended over 1 per cent higher at Rs 2300.45.
Bharti Airtel
Shares of the telco ended over 2 per cent higher at Rs 1,311.75 even as the brokerages remained mixed post the company’s Q4 show.
Cipla
Post the block deal in the pre-opening trade wherein promoter group pared stake, shares of the company ended nearly 4 per cent higher at Rs 1405.95.
Aadhar Housing Finance
After a tepid debut, shares of the housing finance company settled nearly 5 per cent higher at Rs 329.45.
Jyothy Labs
Shares of the company ended with a cut of over 4 per cent at Rs 439.45 even as the company’s Q4 PAT climbed 32 per cent on-year.
Siemens
After logging a fresh 52-week high in intraday trade, shares of the heavy electrical equipment major ended 7 per cent higher at Rs 7120. Jefferies continued with its ‘buy’ rating on the counter and a target price of Rs 8000.
TBO Tek
After a solid debut on the D-Street, shares of the company ended 53 per cent higher at Rs 1,404.85 per share.
Patanjali Foods
Shares of the company ended nearly 4 per cent higher at Rs 1,382.7 even as the company's PAT slipped 21 per cent on-year.
Power Finance Corporation
Shares of the company ended nearly 4 per cent higher at Rs 436.55 as the company's Q4 PAT climbed 20 per cent on-year to Rs 5,624 crore.
ITI Ltd
Shares of the company ended 10 per cent higher at Rs 313.45 amid spurt in volume in the counter.