D-Street Newsmakers: LIC, IRCTC, Inox Wind among stocks that hogged limelight today
Indian equities in Tuesday's session ended lower amid uncertainty ahead of the poll outcome. Vinod Nair, Head of Research, Geojit Financial Services believes the underlying earnings growth for the March quarter results so far was largely above expectations, which would likely support the valuation, which is currently moderately above the long-term average.
Indian equities in Tuesday’s trade ended lower amid increasing nervousness ahead of the poll outcome. Nifty at the close ended lower by 0.19 per cent or 44.3 points at 22,888.15, while Sensex fell 0.29 per cent or 220.05 points to 75,170.45 levels. Meanwhile, broader markets also fell sharply with Nifty Midcap 100 ending 0.9 per cent lower.
Here are the stocks that surged in trade today:
Aurobindo Pharma
Shares of the pharma major ended over 2 per cent higher at Rs 1,221.7 even as global brokerages downgraded the counter considering sharp run in the recent past.
LIC
LIC shares ended with a drag of 2 per cent at Rs 1,013.35 per share even as the insurer posted a good Q4 show.
MCX
Shares of the commodity exchange ended over 1 per cent lower at Rs 3,756 even as the SEBI simplified norms for launching options in commodities.
IRCTC
Ahead of its results later today, shares of the company ended lower by over 1.5 per cent at Rs 1,083.4 per share.
Inox Wind
Shares of the company were locked in 10% lower circuit at Rs 147.65 amid a block deal in the counter at a discounted price.
RITES
Shares of the state-run entity ended over 3 per cent lower at Rs 711.05 as the company reported a drop in its Q4 consolidated net profit to Rs 136.67 crore
TVS Supply Chain
Shares of the logistics solution provider ended with a cut of 0.6 per cent at Rs 176.8 even as the company recorded a turnaround in the March quarter.
Imagicaworld Entertainment
Shares of the company ended over 3 per cent as the company’s board has approved to raise up to Rs 600 crore via QIP.
Concord Biotech
Shares of the company ended over 2.5 per cent lower at Rs 1,406 as the stock registered a spike in trading volume.
The Phoenix Mills
Shares of the realty player ended over 4 per cent lower at Rs 3,057.55 amid broad based sell-off in the realty pack.