New Delhi: Wounded bulls were back in action on Dalal Street on Tuesday as domestic equity markets regained its lost ground. Bottom hunters flocked in a sync to push to benchmark indices higher, to register the biggest gain of the last one year.
The 30-share pack Sensex rallied 1,736.21 points or 3.03 per cent to 58,142.05. Its broader peer Nifty50 tanked 509.65 points or 3.03 per cent to 17,352.45. Among the broader markets, BSE midcap index gained 3 per cent and smallcap index jumped 2 per cent.
Gaurav Bissa, Vice President, Trustline Securities said, “Nifty snapped two day fall and closed at the high point of the day. The index opened with a gap and was then seen filling the gap. However, that turned out to be the catalyst which pushed the index to higher levels.”
Among the gainers, Tanla Platforms and Anant Raj hit an upper circuit each, whereas GMDC and TCPL were high in demand. On the contrary, NDTV saw some profit-booking, Jindal Poly Films was close to a lower circuit despite growth in the net profit.
Let’s have a look at the biggest movers and shakers of Monday’s session:
GAINERS OF THE DAY
Sree Rayalaseema Hi-Strength Hypo: The smallcap commodity chemical company soared 19 per cent to Rs 395 after the company reported about 55 per cent rise in the net profit to Rs 26.6 crore for the quarter ended December 31, 2021.
Gujarat Mineral Development Corporation: The state-run coal mining company zoomed 12 per cent to Rs 138.25 after the company reported a strong performance in the December 2021 quarter.
TCPL Packaging: The manufacturers of folding cartons rallied 12 per cent to Rs 644.75 after the company’s call with analysts and investors over the earnings for the quarter ended December 2021.
Tanla Platforms: The smallcap IT software player hit an upper circuit of 10 per cent to Rs 1,599.60 as it saw strong buying at lower levels after correcting more than 25 per cent in the last one month, which made it an attractive buy.
Anant Raj: The smallcap realty player also hit an upper circuit of 10 per cent to Rs 73.55 after the company reported a manifold jump in the net profit to Rs 10 crore in the Q3FY22, which was Rs 2.5 crore in the Q3FY21.
LOSERS OF THE DAY
Jindal Poly Films: The smallcap BOPP films maker tumbled 17 per cent to Rs 1,067.20 on Monday, despite reporting a 11 per cent rise in the net profit to Rs 217.98 crore in the quarter ended December 2021 as against Rs 197.21 crore during the previous quarter ended December 2020.
Repco Home Finance: The housing finance player dropped 12 per cent to Rs 229.05 after the company reported a 60 per cent declines in the profit after tax to Rs 31.47 crore in December 2021 quarter.
Manappuram Finance: The south India based gold loan company reported nearly 46 per cent decline in consolidated net profit at Rs 261 crore in the quarter ended December 2021 as income fell. The scrip tanked 11 per cent to Rs 127.60.
New Delhi Television: The media and broadcasting player hit a lower circuit of 10 per cent to Rs 158.25 on the back of profit booking. The counter had risen more than 46 per cent in the last five sessions, which turned the traders cautious.
Rossari Biotech: The speciality Chemical player shed 8 per cent to Rs 1,042.95 after it reported weak operational performance during the October-December 2021 period.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
