Produced by: Aseem Thapliyal
The domestic equity market was trading higher in the afternoon session. Sensex gained 231 points to 74,116 and Nifty rose 49 pts to 22,537.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, “The market is tantalisingly poised with the possibility of a sharp move based on the exit poll results tomorrow evening. Since the Nifty is down around 600 points from the May high, if the market move is up it can be sharp and swift. Largecaps in financials, autos, capital goods and telecom have the potential to lead the rally. On the other hand, if the exit polls indicate a trend unfavourable from the market perspective, again the crash can be sharp and swift.”
Shares of Vodafone Idea rose 4.52% to Rs 15.25 on BSE. The stock saw a high turnover of Rs 180.29 crore with 1207 lakh shares changing hands in the afternoon session. Market cap of the firm stood at Rs 10,278 crore. The stock rose nearly 4% to Rs 19.40 on BSE.
Shares of Suzlon Energy were trading on a flat note even as Suzlon Group announced a new order win for the development of a 81.9 MW wind energy project from Oyster Green Hybrid One. Suzlon will install 26 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each at the client’s site in Agar in Madhya Pradesh. The stock was trading flat at Rs 45.30 today. Market cap of the firm slipped to Rs 61,625 crore on BSE.
Shares of Bharat Dynamics rose over 5% in early deals after the aerospace and defence firm reported a 89% year-on-year (YoY) rise in net profit in Q4. Net profit climbed to Rs 288.8 crore in the last quarter against a profit of Rs 152.8 crore. Revenue from operations climbed 7% to Rs 854.1 crore against Rs 798.3 crore in the year-ago period. Shares of Bharat Dynamics climbed 5.34% to Rs 1629.40 on BSE. Market cap of the firm rose to Rs 57,550 crore. The defence stock opened higher at Rs 1621.65.
The Paytm stock fell in the afternoon session today after hitting upper circuits for the three straight sessions. Paytm shares fell 3% to Rs 364.50 against the previous close of Rs 377.50. Market cap of the firm fell to Rs 23,279.54 crore. It also rose 5% intraday to Rs 396.35 on BSE.
Waaree Renewable Technologies stock rose 4% to Rs 2390 on BSE today. Market cap of the firm rose to Rs 24,141 crore. It also rose 5% intraday to Rs 396.35 on BSE. Turnover was high at Rs 129 crore with 5.66 lakh shares changing hands in the afternoon session.
The stock saw a high turnover of Rs 91.24 crore with 484.18 lakh shares changing hands in the afternoon session. Market cap of the firm stood at Rs 10,278 crore. The stock rose nearly 4% to Rs 19.40 on BSE.
RVNL shares slipped over 4% to Rs 367 in the afternoon session today. Market cap of the firm stood at Rs 78,042 crore. The stock saw a turnover of Rs 92.55 crore with 24.66 lakh shares changing hands in the afternoon session.
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