Financials lift indices; Sensex up 282 points, Nifty ends at 12,859
Buying in financial counters such as HDFC Bank, Bajaj Finance, and Bajaj Finserv helped benchmark indices settle over 0.6 per cent higher on Friday.
The S&P BSE Sensex ended 282 points, or 0.65 per cent higher at 43,882 levels while NSE’s Nifty ended at 12,859, down 87 points, or 0.68 per cent.
Bajaj Finserv ended as the biggest gainer on Sensex – up over 9 per cent to Rs 8,536.50 while Reliance Industries (down nearly 4 per cent) was the top loser. Of 30 constituents, 23 advanced and 7 declined.
Wockhdart was locked in upper circuit of 20 per cent at Rs 393 on the BSE. The stock of pharmaceutical company was trading close to its 52-week high of Rs 412 touched in February 2020. The trading volume jumped over three-fold with a combined 6.3 million shares changing hands. There were pending buy orders for 250,000 shares on the BSE and NSE, exchange data show.
Narayana Hrudayalaya surges 9%, hits record high in a range-bound market. In July-September quarter (Q2FY21), Narayana Hrudayalaya had reported healthy operational performance sequentially with consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) of Rs 37.2 crore as against a loss of Rs 86.3 crore in Q1FY21. EBITDA margins, on the other hand, were at 4.5 per cent as against -23.1 per cent in Q1FY21 and 14.8 per cent in Q2FY20. Consolidated operating income grew 52.7 per cent to Rs 600.7 crore from Rs 393.5 crore in previous quarter.
Shares of Nestle India were in focus, hitting four-month high of Rs 17,500, up 3 per cent on the BSE on Friday in otherwise subdued market. The rise comes on expectation of higher growth by the company going forward. The stock of packaged foods company was trading at its highest level since July 2020. It had hit a record high of Rs 18,301 on April 17, 2020. In comparison, the S&P BSE Sensex was trading flat at 43,600 points at 11:06 am.
Shares of Gland Pharma made a decent debut on the bourses as they listed at Rs 1,710, a 14 per cent premium against the issue price of Rs 1,500 per share on the National Stock Exchange (NSE) on Friday. On the BSE, the stock opened at Rs 1,701, 13 per cent higher against its issue price. It moved higher to Rs 1,740 later and was trading at Rs 1,728, 15 per cent above its issue price at 10:01 am.
Bharat Electronics surges 12% in two days on strong management commentary. For April-September period (H1FY21), BEL had reported 18 per cent year-on-year (YoY) decline in its consolidated net profit at Rs 443 crore, while total revenue from operations remained flat at Rs 4,871 crore over the previous year quarter. The order book stood at Rs 52,148 crore as on October 1, 2020. BEL is zero debt company and is able to maintain working capital without borrowing.
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