February 21, 2024

The market snapped its 8-day profitable streak to shut decrease on Might 3, forward of the US Federal Reserve’s price resolution. The Sensex was down 161.41 factors or 0.26% at 61,193.30 and the Nifty was down 58 or 0.32% at 18,089.80. About 1,713 shares superior, 1,695 declined and 145 remained unchanged. Check out the largest gainers and losers for the day:

Astec LifeSciences | CMP Rs 1402.35 | Shares of Astec LifeSciences sunk 11 p.c intraday as the corporate’s poor This autumn efficiency drove traders to promote the inventory. The corporate’s gross sales tanked 53 p.c yr on yr (YoY) to Rs 127 crore in This autumn of FY23. It reported a lack of Rs 5 crore as in comparison with the web revenue of Rs 43 crore posted a yr in the past. The inventory managed to stage a restoration and closed 3 p.c increased.

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Fino Funds Financial institution | CMP Rs 219.65 | The inventory closed round a p.c increased after the corporate reported a 25 p.c on-year leap in its consolidated internet revenue at Rs 22 crore for the quarter ended March 2023. Internet income elevated 18 p.c to Rs 106 crore from Rs 90 crore within the yr -ago quarter.

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InterGlobe Aviation | CMP Rs 2,163.90 | Shares of InterGlobe Aviation, which operates IndiGo, zoomed 4.5 p.c on expectations of upper market share after GoFirst filed for chapter. Financial institution of America believes that Go First insolvency will take away 9 p.c of home provide, which can assist different airways.

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SpiceJet Ltd| CMP Rs 31.93 | Shares of India’s second-largest low-fare provider SpiceJet Ltd rose over 5 p.c within the early hours and closed 1 p.c increased after the corporate introduced that it might borrow Rs 400 crore to get 25 of its grounded plane within the air.

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Manappuram Finance Ltd | CMP Rs 113.95 | The non-banking monetary firm (NBFC) shares closed 12 p.c down on stories of the Enforcement Directorate looking a number of areas linked to the corporate in Kerala’s Thrissur. The searches have been in reference to the corporate gathering Rs 150 crore in deposits with out the RBI’s approval, stories mentioned. It is usually suspected of doing large-scale money transactions by violating KYC norms.

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Gravita India Ltd | CMP Rs 557.90 | Shares of Gravita India zoomed 11 p.c, hitting a document excessive of Rs 567.65, and closed 9 p.c increased, after the corporate’s arm bought a mortgage of 34 million euros from European Developmental Monetary Establishments.

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Anupam Rasayan India Ltd | CMP Rs 1,211.20 | Shares of Anupam Rasayan closed 2.37 p.c increased after rallying to an all-time excessive of Rs 1,224 on robust earnings within the March quarter. Whole income was at Rs 504.2 crore in Q4FY23, a development of 59 p.c YoY.

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Spandana Sphoorty Monetary Ltd | CMP Rs 656.05 | Shares of the Hyderabad-based NBFC Spandana Sphoorty, specialising in rural loans, closed round 4 p.c increased following robust earnings efficiency within the March quarter. The corporate reported a consolidated internet revenue of Rs 105.55 crore, a staggering 268 p.c improve from the December quarter.

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Indostar Capital | CMP Rs 117.00 | Non-banking finance firm IndoStar Capital Finance closed 5 p.c decrease, a day after the promoters introduced a proposal on the market (OFS) of a 14.2 p.c stake on the ground value of Rs 95, which was at a 22.8 p.c low cost from the final closed value.

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MRF Ltd | CMP Rs 93,223.75 | MRF share value closed almost 5 p.c increased after wholesome earnings development with sharp margin enchancment in March quarter of FY23. The standalone revenue of the tyre maker elevated 162 p.c to Rs 410.66 crore for the March FY23 quarter, backed by strong working efficiency and distinctive positive factors.