Bajaj Auto (+2%), Titan (+2%) & more

Tribe Daily

Tribe Wealth

Dec 30, 2022

Nifty declined due to negative signals from global peers and profit taking on the final trading day of the calendar year.

Companies

Titan (+2%) rose as the company is targeting booming branded and accessories eyewear. Eicher Motors (-2%) declined due to mixed sales in December.

Sectors

Nifty PSU Bank (+2%) rose due to the stupendous performance of Punjab & Sind Bank, Canara Bank, Union Bank, and Indian Bank. Nifty Realty (+1%) rose due to the strong performance of Sobha, Phoenix Mills, Prestige Estate, and Oberoi Realty. Nifty FMCG (-1%) declined as the Indonesian govt tightened export regulations for palm oil w.e.f first of January.

News of The Day

1.Shriram Finance (+5%) rose after it secured a $ 100 million loan from Asian Development Bank. (Mint)

2.Skipper Ltd bagged orders worth Rs 2,570 cr from BSNL in Rajasthan and Odisha. (Mint)

3.Kalpataru Power (+1%) rose after the company bagged orders worth Rs 1,247 cr. (Money Control)

4.Dilip Buildcon (+1%) rose after the company incorporated three new special purpose vehicle companies as its wholly-owned subsidiaries. (Business Standard)

5.IDBI Bank (+1%) rose after the bank signed an agreement to transfer IDBI Mutual Fund business to LIC Mutual Fund. (Mint)