Sensex and Nifty closed in red mark for the second consecutive day in today’s trading on February 14 amid rising global tensions in the case of Russia and Ukraine; Sensex today closed down 1,747.08 points or 3% at 56,405.84 level Has happened. At the same time, Nifty closed at the level of 16,842.80 with a fall of 532 points i.e. 3.06%.
All sectoral indices closed in red mark in today’s trading. auto, bank, oil & gas, PSU bank, pharma, FMCG, metal, realty and capital goods are down 2-6 per cent. At the same time, the mid and small cap indices of BSE have broken 3-4 percent.
Grasim Industries | CMP: Rs 1,638 | Today this stock has broken more than 4 percent. GRASIM’s standalone profit for the third quarter stood at Rs 522 crore, which was estimated at Rs 551 crore. The company’s standalone income for the third quarter stood at Rs 5,785 crore, though it was estimated at Rs 5,444 crore. The company’s standalone EBITDA during this period stood at Rs 922 crore. Whereas it was estimated to be at Rs 961 crore. At the same time, its standalone EBITDA margin stood at 15.9%, which was estimated at 17.7%.
Adani Wilmar | CMP: Rs 375.30 | Despite good results, this stock has closed in the red mark today. Recently listed Adani Wilmar on Monday released its results for the quarter ended December 2021. In the October-December, 2021 quarter, the company reported a 66 per cent year-on-year growth in net profit of Rs 211 crore as against Rs 127.39 crore in the year-ago quarter. According to information given in an exchange filing, during the third quarter of the current financial year, the company’s revenue grew by 40.6 per cent on a year-on-year basis to Rs 14,378.7 crore.
Motherson Sumi Systems | CMP: Rs 168.60 | Today this stock has also closed in the red mark. The company’s consolidated net profit for the quarter fell 69.3 per cent year-on-year to Rs 245.1 crore, though it was higher than analysts’ estimate of Rs 191 crore. During this period, the auto ancillary company’s total revenue from operations declined by 5.7 per cent year-on-year to Rs 16,117.5 crore, higher than the market’s estimate of Rs 14,794 crore. Motherson Sumi’s consolidated operating profit grew 14 per cent year-on-year to Rs 1,383 crore during the third quarter of the current financial year. Similarly, the company’s operating margin increased 10 basis points year-on-year to 8.2 per cent.
ONGC | CMP: Rs 165.75 | Today this stock has also closed in the red mark with a fall of 1.5 percent. Let us inform that state-owned oil-gas company ONGC presented its December quarter results on 11 February. The company’s consolidated profit after tax (PAT) increased by 220% to Rs 11637 crore in the December quarter. In the corresponding quarter of last year, the consolidated PAT of the company was only Rs 3637 crore. On a quarter-on-quarter basis, the company’s profit declined by 38% as compared to the September quarter. The company’s consolidated PAT stood at Rs 18,749 crore in the September quarter. In the September quarter of the current fiscal, the company had availed deferral and current tax credit of Rs 9,320 crore. After adjusting for tax credits, the growth in profit for the December quarter is 23%. ONGC has announced second interim dividend. The company is paying an interim dividend of Rs 1.75 on an equity share of Rs 5 face value for the fiscal year 2021-2022. The record date for interim dividend is February 22. That is, those who hold ONGC shares till February 22 will get interim dividend.
TVS Motor | CMP: Rs 637.60 | In today’s trading, this stock has also slipped more than 3 percent. The company’s promoter Sundaram Clayton has sold 95 lakh or 2 per cent stake at an average price of Rs 635.97 per share in the open market on BSE on February 11. After this sale, Sundaram Clayton’s stake in the company has come down from 52.26% to 50.26%.