Titan (+3%), M&M (+2%) & more
Nifty ended on a flat note amid highly volatile sessions and mixed global cues.
Titan (+3%) rose due to healthy growth in FY23, international expansion, and heavy volume trading. Power Grid (+2%) rose as a handful of brokerages recommended the stock as it can deliver decent returns in 2023. Bajaj Finserv (-1%) declined as the promoter increased the stake in the company for Rs 100.41 cr in a block deal.
Nifty Consumer Durables (+1%) rose due to strong performance of Rajesh Exports, Titan Company, Kajaria Ceramics and V-Guard Industries. Nifty Oil & Gas (+1%) rose due to strong performance of Adani Total Gas, Castrol, GAIL, Petronet LNG and Gujarat Gas. Nifty Media (+1%) rose due to strong performance of TV18 Broadcast, Network 18 and Jagran Prakashan.
News of The Day
1.Indian Pesticides (+9%) rose after the company received a green nod for setting up an agro chem unit in Uttar Pradesh. (CNBC TV 18)
2.Hariom Pipe (+7%) rose after the company purchased a manufacturing unit from RP Metal Sections for Rs 55 cr. (Business Standard)
3.Chaman Lal Setia Exports (+7%) rose due to heavy trading volume. (Business Standard)
4.Paytm (+4%) rose after the company announced a buyback of 3,95,000 shares worth Rs 498.74 per piece. (Free Press Journal)
5.Adani Enterprise (+1%) rose after the company acquired a 100% stake in SIBIA Analytics for Rs 14.8 cr. (Investing)
Expert of The Day
$300 Bn Electronic Manufacturing Sector by 2026!
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