Produced by: Aseem Thapliyal
The domestic equity market was trading lower on Monday. Sensex fell 179 points to 72,464 and Nifty lost 59 pts to 21,964. Market cap of BSE-listed firms declined to Rs 377.18 lakh crore.
V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said," The concern regarding the elevated valuations in the mid and smallcaps continues despite the stability witnessed in these segments last Friday. Investors may adopt a wait and watch strategy and may buy largecaps in capital goods, banking, telecom and automobiles on dips."
Shares of Torrent Power gained 7.6% to Rs 1249.25 on BSE today after the firm said it received a letter of award from Torrent Power's distribution unit for setting up 300 MW (renewable energy power) grid-connected wind and solar hybrid projects. A total of 1.22 lakh shares of the firm changed hands amounting to a turnover of Rs 15 crore on BSE.
KPI Green Energy shares were stuck in the upper circuit of 5% at Rs 1526 today as the company has emerged as the successful bidder in the Maharashtra State Power Generation Co. (MAHAGENCO) tender for the development of a 100 MWAC solar power project. A total of 0.27 lakh shares of the firm changed hands amounting to a turnover of Rs 4.10 crore on BSE. Market cap of KPI Green Energy rose to Rs 9199 crore on BSE.
Shares of Paytm hit upper circuit of 5% at Rs 389.40 after brokerage YES Securities upgraded One 97 Communications Ltd (Paytm) for the first time since it started covering the stock. The stock was among the top gainers on BSE today. A total of 13.93 lakh shares of the firm changed hands amounting to a turnover of Rs 53.99 crore on BSE. Market cap of Paytm climbed to Rs 24,743 crore on BSE.
Shares of YES Bank saw a high turnover of Rs 48.73 crore after 14.02 lakh shares of the lender changed hands on BSE. Market cap of the bank fell to Rs 67,370 crore. Total 210.75 lakh shares of the firm changed hands amounting to a turnover of Rs 49.68 crore.
Shares of NHPC were trading flat at Rs 83.64 in early deals. Market cap of the firm stood at Rs 84,016 crore. Total 66.03 lakh shares changed hands amounting to a high turnover of Rs 55.71 crore.
Shares of Jio Financial Services saw a high turnover of Rs 58.62 crore as 16.55 lakh shares changed hands on BSE. Market cap of the firm climbed to Rs 2.26 lakh crore. The stock rose 3.57% to Rs 367 today against the previous close of Rs 344.70 on BSE
Shares of SJVN Ltd rose nearly 5% after the company said it won an order worth Rs 1,100 crore for a solar power project in Gujarat. The firm received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam (GUVNL) for a 200 MW solar power project in GUVNL Phase XXII. The stock rose 4.8% to Rs 130.80 in the current session on BSE. Market cap of the firm stood at Rs 49,652 crore.
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