Produced by: Aseem Thapliyal
Hot stocks
The domestic equity market was trading lower on Tuesday. Sensex fell 186 points to 71,755 and Nifty slipped 20 pts to 21,717
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The domestic market underwent an upturn as the recent selloff and positive Asian peers provided an opportunity to accumulate quality stocks. Despite premium valuations, confidence is upheld among investors due to the optimistic environment surrounding the interim budget and recent set of results aligning with forecasts. Globally, the upcoming Fed policy stands out as a crucial factor. While a rate cut by the FOMC is unlikely, investors will eagerly monitor their commentary to get cues on future rate paths."
Shares of Azad Engineering zoomed 9% to their record high in early trade after the heavy electrical equipment maker said it has inked a long-term contract of 7 years with Rolls-Royce to produce/supply critical engine parts for their defence/military aircraft engines. The stock rose 9% intraday to Rs 775.80 against the previous close of Rs 711.70 on BSE. Total 0.87 lakh shares of the firm changed hands amounting to a turnover of Rs 6.46 crore.
Shares of Tata Investment rose 19% to Rs 5737.40 on BSE today. The stock was the top gainer on BSE. A total of 0.95 lakh shares of the firm changed hands amounting to a turnover of Rs 51.28 crore on BSE. Market cap of the firm climbed to Rs 29,084 crore.
Shares of Borosil Renewables fell 5.17% to Rs 595 today. The stock opened higher at Rs 633.70 on BSE. Market cap of the firm slipped to Rs 7877 crore. Borosil Renewables saw 0.65 lakh shares changing hands amounting to a turnover of Rs 3.98 crore on BSE.
Shares of IFCI slipped 8.16% to Rs 53.45 on BSE today. The stock was among the top losers on BSE. A total of 207.34 lakh shares of the firm changed hands amounting to a turnover of Rs 119.53 crore on BSE. Market cap of the firm fell to Rs 13,864 crore.
Shares of IREDA slipped 1.43% to 175.70 today. A total of 127.07 lakh shares of the firm changed hands amounting to a high turnover of Rs 226.93 crore on BSE. Market cap of IRFC fell to Rs 47,210 crore.
Shares of Vedant Fashions slipped 6% to Rs 1030 on BSE today post Q3 earnings. The stock was among the top losers on BSE. A total of 9392 shares of the firm changed hands amounting to a turnover of Rs 99.16 lakh on BSE. The firm logged a profit of Rs 157.7 crore in the last quarter against Rs 150.4 crore profit in Q3 of last fiscal.
Shares of IRFC slipped nearly 3% to Rs 164.01 on BSE today. A total of 84.61 lakh shares of the firm changed hands amounting to a high turnover of Rs 141.58 crore on BSE. Market cap of IRFC fell to Rs 2.17 lakh crore.
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