NEW DELHI: Domestic equity markets wiped off morning gains and fell on Tuesday as weak global cues weighed on the sentiments. Investors grew nervous on the back of selling across Chinese markets by global funds.
The 30-share pack Sensex declined 273.51 points or 0.52 per cent to close at 52,578.76. The index fell nearly 450 points from its highs. Its broader peer NSE Nifty fell 78 points or 0.49 per cent to 15,746.45.
Pharma stocks witnessed a free-fall after disappointing numbers from Dr Reddy’s Labs and Alembic Pharma. Textile exporters and coffee stocks saved the day for the investors.
Here is a look at some of the biggest movers and shakers of Tuesday’s session:
TOP GAINERS OF THE DAY
Beverage stocks: The world’s biggest coffee producer, Brazil, saw a large portion of its coffee crop get damaged by frost, which sent coffee prices soaring to their highest point in nearly a decade. Domestic coffee producer CCL Products jumped 17 per cent to Rs 483.70, whereas Tata Coffee gained 9 per cent to Rs 235.40.
HIL: The CK Birla Group’s cement producer jumped 11 per cent to Rs 5,354 ahead of its June 2021 quarter results on Friday, 30 July. The company’s trading window closes today.
APL Apollo Tubes: The steel product manufacturer soared 8 per cent to Rs 1,735.70 ahead of its board meeting on August 6. The company board will consider and approve results for the June 2021 quarter and is likely to consider a bonus issue.
Apar Industries: The electrical and metallurgical engineering firm added 8 per cent to 658.35 after it posted a net profit of Rs 62.29 crore in June 2021 quarter. The company had reported a net loss of Rs 23.07 crore in June 2020 quarter.
KPR Mills: The textile player advanced 7 per cent to Rs 2,002.25 after the company announced to split its shares in 1:5 ratio. The company also reported decent performance in the June 2021 quarter.
TOP LOSERS OF THE DAY
Alembic Pharmaceuticals: The drug maker plunged 11 per cent to Rs 807.10 after the company reported a poor set of numbers in June 2021. It reported a 45.42 per cent decline in its consolidated net profit to Rs 164.52 crore for the quarter ended June 30, 2021.
Dr. Reddy’s Laboratories: The pharma major tanked 10 per cent to Rs 4,844.35 after a subdued performance in June 2021 quarter. The company reported a 1 per cent year-on-year decline in consolidated net profit to Rs 571 crore, whereas revenues rose 11 per cent to Rs 4,919 crore.
Sun Pharma Advanced Research Company: The pharmaceutical firm reported a net loss of Rs 61.37 crore in the June 2021 quarter as against a net profit of Rs 56.69 crore in the same quarter previous year. Sales declined 88.14 per cent to Rs 21.99 crore during the quarter. It settled at Rs 241.70, 7 per cent lower.
The : The cement maker reported a decline of 21 per cent net profit on a sequential basis to Rs 168.98 crore in June 2021 quarter, while revenues declined 26 per cent to Rs 1,205.08 crore. The stock fell 5 per cent to Rs 1,063.
Bhageria Industries: The commodity chemical producer shed 5 per cent to Rs 271.65. The net profit of the company de-grew to Rs 12.96 crore in June 2021 quarter from Rs 18.31 crore in March 2021 quarter.
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