Inventory Market roundup: Sensex surges 750 factors, Nifty above 14,750; key shares that moved most at the moment
The market started on a superb be aware, gaining round 1.5 p.c on the again of constructive home information and auto gross sales quantity on the primary day of March
The market began on a superb be aware, gaining round 1.5 p.c on the again of constructive home information and auto gross sales quantity on the primary day of the month on Monday.
Within the course of, it recovered a few of the losses that it had incurred within the earlier session.
On the shut, Sensex was up by 749.85 factors (1.53 p.c) at 49,849.84. Nifty, too, ended within the inexperienced, ending at 14,761.50, which was up 232.30 factors (1.6 p.c).
Listed below are 10 shares that moved essentially the most on 1 March:
Maruti Suzuki: The inventory closed at Rs 7,018.90, including 2 p.c after the carmaker reported higher February gross sales. In the course of the month, 1,64,469 autos have been offered, a Yr-on-Yr (YoY) progress of 11.8 p.c. The corporate additionally offered 1,05,986 models of passenger automobile, a YoY rise of 6.1 p.c in comparison with 99,871 models in February 2020.
TVS Motor: The inventory rose 3 p.c on the again of the corporate reporting 18 p.c rise in gross sales in February 2021 YoY — in comparison with at 2,97,747 models this February, the corporate had offered 2,53,261 models in February 2020. Even 2-wheeler gross sales grew by 21 p.c YoY.
RITES: It closed at Rs 258.85, gaining over 5 p.c after the corporate bought orders price Rs 93.18 crore.
Siemens: The inventory rose 3 p.c. The corporate closed the acquisition of C&S Electrical after receiving approval of the Competitors Fee of India on August 20, 2020.
Bharat Dynamics: The inventory jumped over 5 p.c as the corporate acquired an order price Rs 372.98 crore for the provision of MRSAM Missile Rear Sections for Indian Air Pressure deliverables.
Tata Motors: The inventory was up over 1 p.c after the auto main’s registered sale of 61,365 models in comparison with the YoY determine of 40,619 models — an increase of 51.1 per. Industrial automobile gross sales rose 21 p.c and home gross sales jumped 54 p.c. At 27,225 models, passenger automobile gross sales for February have been the best in practically 9 years.
Sterlite Tech: On March 1, the shares gained over 3 per ent after the corporate acquired orders price $100 million within the West Asia to arrange a community and infrastructure for 5G wi-fi service.
KEC Worldwide: The shares have been up 5 p.c, as the corporate acquired orders price Rs 1,140 crore throughout companies.
Biocon: The inventory was up by 2 p.c.
Manappuram Finance: The inventory closed at Rs 174.55 and ended within the purple. The corporate is contemplating a number of choices to lift funds.
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