Benchmarks plunge over 1% amidst sharp rise in Covid cases
April 05, 2021
Sensex ends 870 pts lower, Nifty below 14,700
Benchmark indices plunged over 1 per cent at closing, extending losses through the day as a sharp rise in Covid cases weighed on investor sentiments.
Markets remained under pressure throughout the day after a flat opening as India reported an all-time high of over 1 lakh Covid-19 cases. Binod Modi, Head Strategy at Reliance Securities said, “Domestic equities witnessed heavy sell-off today as a sharp rise in Covid-19 cases in the country and economic restrictions imposed in Maharashtra dented investors’ sentiments .
The BSE Sensex, after plunging to a low of 48,580.80, closed at 49,159.32, down 870.51 or 1.74 per cent. It hit an intraday high of 50,028.67. Banking, financial and auto stocks led the market decline. The Nifty 50 after slipping below the psychological mark of 14,500, hitting an intraday low of 14,459.50, recovered marginally to close at 14,63
Coal India shares end 5 51 per cent up on Bombay Stock Exchange telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
Max Financial Services Ltd hits 52-week high on strong Q3 results
February 10, 2021
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On the NSE, it was trading at ₹792.60, up ₹54.55 or 7.39 per cent. It hit a 52-week high of ₹798.95
The shares of Max Financial Services Ltd. (MFSL) hit fresh highs on Wednesday after the company recorded a strong performance in Q3 FY21.
At 11:40 am, the company was trading at ₹792.65 on the BSE, up ₹54.75 pr 7.42per cent. It hit a 52-week high of ₹798.75. It opened at ₹749.90 as against the previous close of ₹737.90. On the NSE, it was trading at ₹792.60, up ₹54.55 or 7.39 per cent. It hit a 52-week high of ₹798.95.
The company on Tuesday announced its financial results for the quarter ended December 31, 2020. The company recorded a consolidated Profit After Tax (PAT) ₹227 crore, up 54 per cent year-on-year in Q3. MFSL’s consolidated revenues were up 68 per cent YoY at ₹8,990 crore due to higher investment income.
Tata Consumer gains 2%, analysts see further upside
February 03, 2021
Posts net profit of ₹237 crore in Dec-quarter
The shares of Tata Consumer Private Limited were up 2 per cent on Wednesday after the company announced its results for the quarter ended December 2020.
At 10:26 am, TCPL shares were trading at ₹591.70 on the BSE, up ₹16.15 or 2.81 per cent.
It opened at 587.00 as against the previous close of ₹575.55. It hit an intra-day high of ₹597.50 and an intra-day low of ₹571.30.
It was trading at ₹592.35 on the NSE, up ₹17.00 or 2.95 per cent.
The company’s net profit for the quarter stood at ₹237 crores, up by 29 per cent, per regulatory filings. Its revenue from operations for the quarter were ₹3,070 crore, up 23 per cent. Consolidated EBITDA for the quarter grew by 12 per cent to ₹365 crore.