Sensex, Nifty pare early gains - Top 5 bulls and bears of Monday

Performance in the Indian market was still better compared to its Asian peers which were witnessing volatile session amid US-China tensions in recent weeks.

Aug 10, 2020 03:08 IST India Infoline News Service

Bull and bear
During the second half of Monday's trading session, the indices gave away most of their early gains although were trading on a positive note. At around 3.10 PM, the Nifty was performing at 11,274.50 up 60.45 points or 0.54%, while the Sensex was trading at 38,185.60 higher by 145.03 points or 0.38%.

Overall, in the day, these two benchmarks have gained by 1% with Nifty and Sensex even earmarking above 11,300 and 38,300-levels. Buying was witnessed majorly in banking, financials, auto, realty and pharma stocks.

Notably, performance in the Indian market was still better compared to its Asian peers which were witnessing volatile session amid US-China tensions in recent weeks.

Here is the list of gainers and losers of Monday on Nifty. 

Gainers:


Cipla: The stock was trading at Rs803.50 per piece surging by 10.27%. The company’s consolidated net profit in Q1FY21 came in at Rs566.04cr which rose by 26.59%, as compared to Rs447.15cr in Q1FY20. The net profit margin in Q1FY21 came in at 13.02% which rose by 1.81% you. The revenue from operations grew 9% to Rs4,346.2cr.

Larsen & Toubro: Trading at Rs965.25 per piece, the stock soared by 5.42%. L&T along with other defence stock witnessed rally after the Defence Ministry prepared a list of 101 items for which there would be an embargo on the import beyond the timeline indicated against them.

Mahindra & Mahindra: Performing at Rs632.75 per piece, the stock was higher by 5.38%. M&M misses street estimates by witnessing a consolidated net profit of Rs68cr during the June 2020 (Q1FY21) quarter, down 97% compared to a profit of Rs2,260cr a year ago same period. The company reported sales of Rs5,589cr declining by 56% as against Rs12,805cr in the corresponding of the previous year.

Tata Motors: The automaker's stock was trading at Rs123.55 per piece up 3.74%. In Q1FY21, the company's net loss widened to Rs8,437.99cr compared to a loss of Rs3,698.34cr in the corresponding period of the previous year. Meanwhile, total revenue was at Rs31,983.06cr in the quarter, declining by 47.94% yoy.

Sun Pharma: Trading at Rs545.40 per piece, the stock surged by 3.70%. The company has launched FluGuard (Favipiravir 200 mg) at an economical price of Rs35 per tablet, for the treatment of mild to moderate cases of Covid-19 in India.

Losers:

Eicher Motors: Below 1.20%, the stock was trading at Rs21,544.80 per piece. Eicher Motors has released its July 2020 sales figure, where the company has sold total 40,334 of Royal Enfield (RE) which was down from 26% compared to 54,185 units a year ago same month. Exports in RE stood at 2,409 units compared to 5,003 units in July 2019, representing 52% yoy.

Asian Paints: The stock has dropped by 1.13% and was trading at Rs1,785.75 per piece. The company's board approved the appointment of Manish Choksi as a Non- Executive Director of the Company, liable to retire by rotation, with effect from 5th August 2020, based on the recommendations of the Nomination and Remuneration Committee and the Board of Directors of the Company.

Reliance Industries: The stock has slipped by 1.09% and was trading at Rs2,123 per piece. The company received NCLT approval for its composite scheme of amalgamation and merger amongst two wholly-owned subsidiaries namely - Reliance Holding USA Inc. (RHUSA) and Reliance Energy Generation and Distribution Limited (REGDL).

BPCL: The stock was trading at Rs415.40 per piece down 1.04%. The Department of Investment and Public Asset Management (DIPAM) extended the deadline for potential bidders to submit their Expression of Interest (EoI) for the state-owned company to September 30, 2020. The Indian government seeks to sell its controlling stake of over 52% in BPCL to private players.

Bajaj Finserv: The stock was performing at Rs6,404.25 per piece lower by 0..97%. The NBFC recorded a 43.74% rise in consolidated net profit during the quarter ending June 2020 (Q1FY21), compared to Rs845.35cr in the corresponding period of the previous year. Meanwhile, the NBFC posted a consolidated total income of Rs14,192.01cr, increasing by 15.64% from Rs12,272.26cr a year ago same period.

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