Utilties stocks were trading with gains, with the S&P BSE Utilities index increasing 33.21 points or 1.52% at 2224.83 at 09:49 IST. Among the components of the S&P BSE Utilities index, Reliance Infrastructure Ltd (up 6.15%), Adani Power Ltd (up 4.96%),Reliance Power Ltd (up 4.8%),Adani Transmission Ltd (up 3.33%),BF Utilities Ltd (up 3.08%), were the top gainers. Among the other gainers were Gujarat Industries Power Co Ltd (up 2.28%), Power Grid Corporation of India Ltd (up 2.05%), Rattanindia Power Ltd (up 1.9%), GE T&D India Ltd (up 1.88%), and JSW Energy Ltd (up 1.62%). On the other hand, Jaiprakash Power Ventures Ltd (down 2.75%), Mahanagar Gas Ltd (down 1.64%), and Indian Energy Exchange Ltd (down 0.4%) turned lower.
Dixon Technologies (India) Ltd has lost 9.63% over last one month compared to 2.12% fall in S&P BSE Consumer Durables index and 1.94% drop in the SENSEX
Dixon Technologies (India) Ltd fell 1.14% today to trade at Rs 3457.4. The S&P BSE Consumer Durables index is down 0.13% to quote at 32055.39. The index is down 2.12 % over last one month. Among the other constituents of the index, Crompton Greaves Consumer Electricals Ltd decreased 0.99% and TTK Prestige Ltd lost 0.65% on the day. The S&P BSE Consumer Durables index went up 70.78 % over last one year compared to the 79.15% surge in benchmark SENSEX.
Dixon Technologies (India) Ltd has lost 9.63% over last one month compared to 2.12% fall in S&P BSE Consumer Durables index and 1.94% drop in the SENSEX. On the BSE, 8106 shares were traded in the counter so far compared with average daily volumes of 31996 shares in the past one month. The stock hit a record high of Rs 4588 on 18 Mar 2021. The stock hit a 52-week low of Rs 676 on 03 Ap
Key equity indices ended with small gains after a volatile session on Tuesday. The Nifty closed just shy of the 14,700 mark. Gains were capped amid a spike in COVID-19 cases in the country. Metal and pharma stocks were in demand while banks shares extended losses.
The barometer index, the S&P BSE Sensex, advanced 42.07 points or 0.09% to 49,201.39. The Nifty 50 index added 45.70 points or 0.31% to 14,683.50. It hit an intraday low of 14,573.90 and an intraday high of 14,779.10.
Asian Paints (up 4.07%), Hindustan Unilever (up 1.44%) and HDFC (up 1.10%) supported the indices.
ICICI Bank (down 0.91%), HDFC Bank (down 0.56%) and Reliance Industries (down 0.46%) were major drags.
The two-wheeler major reported a 72% increase in total sales at 576,957 units in March 2021 from 334,647 units sold in the same month last year.Significantly, the company registered its highest-ever sales in Global Business (GB) in a single month by clocking 32,617 units in the month of March 2021, a growth of 82% over the corresponding month in 2020 when it had sold 17,962 units in its global markets.
In March last year, sales were adversely impacted due to the impending transition to BSVI from April 2020, in addition to the nationwide lockdown towards the latter half of the month due to coronavirus pandemic.
Sequentially, total sales rose 14.14% in March 2021 from 505,467 units sold in February 2021.
Happiest Minds Technologies jumped 6.39% to Rs 632.1, extending its winning run to fifth consecutive trading session.Shares of Happiest Minds zoomed 22% in five trading sessions from its previous closing low of Rs 517.8 on 25 March 2021. The counter hit a record high of Rs 675 in intraday today. The stock has zoomed 121% from its 52-week low of Rs 285.55 recorded on 5 November 2020.
Meanwhile, the S&P BSE Sensex tumbled 1042 points or 2.08% to 48,987.83.
On the technical front, the stock s RSI (relative strength index) stood at 74.52. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.
The stock is trading above its 50 and 100 days simple moving average placed at 472.76 and 402.89 respectively. These levels will act as crucial support zones in near term.