Among the sectors, metal index has registered a gain of over 2 percent followed by the infra, bank, and energy indices. On the other hand selling was seen in the auto, IT and FMCG names.
On October 21, amid high volatility benchmark indices gained for the fourth consecutive session with Nifty above 11,900. At close, Nifty was up 40.90 points, or 0.34%, at 11,937.70 and Sensex was up 162.94 points, or 0.40%, at 40,707.31. Here is the list of 10 stocks that moved the most today:
Bajaj Finance | CMP: Rs 3,252 | The stock price declined after the company reported a 36 percent drop in consolidated profit for the quarter ended in the month of September 2020 because of the elevated provisions. Profit dropped to Rs 965 crore during the quarter, down from Rs 1,506 crore in same period last year. Consolidated net interest income rose up by 4 percent to Rs 4,165 crore in Q2FY21 year-on-year, which was better when compared to the CNBC-TV18 poll estimates of Rs 3,711.7 crore.
UltraTech Cement | CMP: Rs 4,631.95 | The company’s stock was up 2 percent after consolidated net profit of the cement brand increased by 113 percent YoY at Rs 1,235 crore against Rs 579 crore. As reported by CNBC-TV18 its revenue was up 7.7 percent at Rs 10,354 crore against Rs 9,615 crore. Earnings before interest, depreciation, tax, and amortisation (EBITDA) increased 40.4 percent at Rs 2,695 crore and margin was at 26 percent.
Hindustan Zinc | CMP: Rs 232.80 | The stock price saw a jump of over 4 percent after the Vedanta group company on October 20 reported a 6.7 percent drop in net profit to Rs 1,940 crore for the quarter ended on September 30, 2020, because of high expenses. The brand had posted a net profit of Rs 2,081 crore in the year-ago period, HZL said in a filing to BSE. In the July-September period, total income of the company increased to Rs 6,050 crore from Rs 5,101 crore in the year-ago period. Citi has retained buy rating on Hindustan Zinc with target at Rs 240 per share.
Colgate Palmolive | CMP: Rs 1,426 | October 21 the share price shed 2 percent on. The company’s consolidated net profit rose 12.3 percent YoY to Rs 274.2 crore from Rs 244.1 crore and revenue was increased 5.2 percent at Rs 1,286 crore against Rs 1,222 crore as per the report by CNBC-TV18. Earnings before interest, depreciation, tax, and amortisation (EBITDA) jumped 26.7 percent at Rs 409 crore versus Rs 323 crore and teh margin was up 540 bps at 31.8 percent against 26.4 percent. The company board has even announced an interim dividend of Rs 18 per share.
Prabhat Dairy | CMP: Rs 50 | The stock price was up 2 percent after the market regulator Sebi pulled up the company for not showing much cooperating with the forensic auditor and asked it to deposit Rs 1,292 crore in a nationalised bank within seven days till the conclusion of the audit. The stock also registered a shot in the volume by more than 3.79 times.
Godrej Industries | CMP: Rs 387 | The stock registered a jump of 3 percent after ace investor Ramesh Damani bought 1.46 percent stake which is equivalent to 49,04,640 equity shares in the September quarter this year, as per BSE shareholding data.
DB Corp | CMP: Rs 75 | The stock was down over a percent after the company’s consolidated Q2 net profit dropped 63 percent Year on Year at Rs 28.5 crore versus Rs 75.6 crore. Company’s revenue was down 34.8 percent at Rs 346.4 crore versus Rs 531.4 crore, as reported by CNBC-TV18.
Alembic Pharma | CMP: Rs 998 | The share price gained over a percent after the pharma company got the nod of US FDA for Fenofibrate Capsules to be taken along with a proper diet to help lowering ‘Bad’ cholesterol and fats.
DLF | CMP: Rs 172.25 | The stock added over 2 percent after the company’s rental division pre-leased 7.7 lakh sq ft office space to Standard Chartered GBS in a new and developing commercial tower in Chennai to be constructed at a huge cost of around Rs 450 crore.
Vedanta | CMP: Rs 101.45 | The stock price jumped about 2 percent after its subsidiary Hindustan Zinc announced a dividend of Rs 21.30 per share. “The board of directors of the company in its meeting held on October 20, 2020, have given a go ahead of an interim dividend of Rs 21.30 per equity shares, i.e., 1,065 percent on face value of Rs 2 per share for the financial year 2020-21 amounting to Rs 9,000 crore,” the company quoted in an exchange filing.