Due to poor global cues, the market’s two-day rally was broken today. Nifty closed below 17200. Metal, banking, pharma, consumer goods, realty and IT stocks were under selling pressure in today’s trade. At the end of trading, the Sensex closed at 57,197.15, down 714.53 points, or 1.23 per cent. On the other hand, Nifty closed at the level of 17171.95 with a fall of 220.65 points or 1.27 percent.
The biggest movement in these stocks today
HDFC Life Insurance | CMP: Rs 554.50 | The stock closed today with a decline of 3 per cent. The company said in a press release that the board is going to consider raising funds and dividend in a meeting. The effect of which was seen on the share price and in today’s business there has been a slowdown in it. HDFC Life Insurance Company’s board meeting is to be held on April 26. In this meeting, the Board will consider and approve the audited standalone and consolidated financial results for the quarter and year ended March. Will also recommend the final dividend for the financial year 2022, if any. The company has given this information in its press release. Apart from this, the board of HDFC Life Insurance Company will consider making a cash payment for the acquisition of Exide Life Insurance Company. The board will also consider raising funds by issuing non-convertible debentures to strengthen the cash reserve after payment in the form of cash.
HCL Tech | CMP: Rs 1,102.50 | Today the stock closed in the green. HCL Technologies’ consolidated profit rose 226 per cent to Rs 3,593 crore on a year-on-year basis in the results announced on April 21. Motilal Oswal on HCL Tech said, “The company has a large exposure to the cloud. The company’s portfolio in the current context with huge demand for cloud, network, security and digital workplace services shows flexibility in the company’s portfolio. Prabhudas Lilladher comments on HCL Tech. Said “We downgrade HCL Tech to ‘accumulate’ (by purchase). We have reduced the DCF based target from Rs 1295 to Rs 1169.
Cyient | CMP: Rs 899.85 | Today the stock managed to close with a gain of 8 per cent. In the fourth quarter of FY 2021-22, Cyient’s profit grew by 17 per cent quarter-on-quarter to Rs 154.2 crore as against Rs 154.2 crore in the third quarter of the same financial year. The company’s attrition rate declined from 29.3 per cent to 26.9 per cent in the fourth quarter. At the same time, the board has also announced a final dividend of Rs 14 per share.
Rallis India | CMP: Rs 252.95 | Today the stock closed down 10 per cent. In the fourth quarter of the financial year 2021-22, the company has turned from profit to loss. In the fourth quarter, the company has incurred a loss of Rs 14.19 crore as compared to a profit of Rs 8.12 crore in the same financial year last year. At the same time, the company’s income on an annual basis stood at Rs 507.5 crore, while in the fourth quarter of last year, the company’s income stood at Rs 471.3 crore.
Hindustan Zinc | CMP: Rs 344.30 | Today this stock closed in the red mark. Hind Zinc has declared its fourth quarter results for the financial year 2021-22. According to which, the company’s profit during this period has increased by 18 per cent year-on-year to Rs 2,928 crore from Rs 2,481 crore in the fourth quarter of last year. Hind Zinc’s income grew 26.6 per cent at Rs 8,797 crore in the fourth quarter on a year-on-year basis. Which stood at Rs 6,947 crore in the same quarter last year.