Benchmarks indices fell in early deals on Tuesday. Sensex slipped 105 points to 62,682 and Nifty lost 22 points to 18,571. BSE mid- and small-cap indices fell 30 points and rose 52 points, respectively
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “The major trend in the market is that while Nifty is struggling to break out of the range of 18300-18600, the broader market is outperforming. Year till date, while Nifty is up 6.7%, the mid-cap index is up by 13.3% and the small-cap index is up by 15.2%. This is a huge outperformance. There is hyperactivity and some excesses building in some small-caps, which is why the exchanges have introduced Additional Surveillance Measures. Investors chasing low grade small-caps have to exercise some caution.”
Shares of MTAR Technologies rose over 3% today after Plutus Wealth Management bought 13,15,000 shares of the precision engineering company in a bulk deal. The deal was done at a price of Rs 1,880.02 per share on Monday amounting to a value of Rs 247.22 crore. Shares of MTAR Technologies climbed 3.59% to Rs 1,965 against the previous close of Rs 1,896.60 on BSE
Meghmani Finechem has fixed Tuesday, June 20, 2023, as record date for the final dividend. The stock climbed 8.98% to Rs 1044.45 against the previous close of Rs 958.35 on BSE. Market cap of the firm rose to Rs 4,341 crore
Mazagon Dock Shipbuilders shares rose 7.65% to Rs 1062 today. The stock has gained 36% in eight sessions. Market cap of the firm rose to Rs 20,684 crore. Volumes and turnover were high for the stock with 4.98 lakh shares changing hands amounting to a turnover of Rs 51.89 crore
Shares of Infosys fell over 2% in early trade today. The stock slipped 2.3% to Rs 1,275 against the previous close of Rs 1,304.95 on BSE. It opened lower at Rs 1,290 on BSE. Infosys stock was among the top losers on Sensex today
Shares of Shyam Metalics and Energy rose 10% to Rs 322.55 against the previous close of Rs 293.25 on BSE. It opened higher at Rs 295 on BSE. Total 0.39 lakh shares changed hands within the first hour of trade, amounting to a turnover of Rs 1.23 crore. The stock was the top gainer on SBE
Shares of Brightcom Group rose 5% in early trade today. Shares of Brightcom Group gained 5% to Rs 20.55 against the previous close of Rs 19.58 on BSE. It opened lower at Rs 19.43 on BSE
Shares of Suzlon Energy gained over 6% in early trade. The stock rose 6.30% to Rs 12.14 today. Turnover and volumes were high for the stock with 542.33 lakh shares changing hands amounting to a turnover of Rs 64.39 crore. Market cap of the firm stood at Rs 14383 crore
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