D-Street Newsmakers: Interglobe Aviation, PSU and IT stocks among stocks that made headlines today
Indian equity benchmarks after hitting fresh record highs in intraday trade ended on a flattish note amid weak global cues. Nifty at the close ended lower by 0.05 per cent at 22,957.1, while Sensex closed weak by 0.01 per cent at 75,410.39. Meanwhile, Bank Nifty continued to outperform the headline indices.
“As it was the last trading day of the week, investors didn't want to increase exposure to equities and rather followed global cues,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
Here are the stocks that hogged the limelight today:
Interglobe Aviation
Even as the company’s Q4 PAT more than doubled year-on-year, shares of the company operating Indigo airlines ended over 3 per cent lower at Rs 4255.80.
Honasa Consumer
Shares of the personal care company ended nearly 3 per cent higher at Rs 429.60 as the company turned profitable in Q4.
PSU stocks
Most PSU stocks including the likes of RVNL, HAL and Bharat Dynamics among others marked a fresh record high.
Divi’s Laboratories
Shares of the pharma major ended marginally higher at Rs 4,122.75 as the company is scheduled to report its Q4 earnings. The company is expected to report margins at 28 per cent for the quarter under review helped by better product mix.
Hindalco
Shares of the company ended over 0.5 per cent lower at Rs 673.1 per share even as it reported a 31.6 per cent on-year increase in consolidated net profit at Rs 3,174 crore during the March ended quarter.