Stock Market Updates: Weak start of the market even after the budget, today’s top 5 shares on which investors will be eyeing
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As soon as the market opened, most of the shares of Adani Group hit the lower circuit. Sensex was trading at a level of 59,369.24 points with a loss of 338.84 points i.e. 0.57 per cent. Similarly, the Nifty was trading at a level of 17,497.85 points with a decline of 118.45 points i.e. 0.67 per cent.
After mixed global signals, selling is being seen in the domestic stock market today. There is a sharp decline in Sensex and Nifty in today’s business. The booster dose from the budget and the strength from the news from the Fed Reserve also did not work and as soon as the market opened, most of the shares of Adani Group hit the lower circuit. Sensex But with a loss of 338.84 points i.e. 0.57 percent, it was trading at the level of 59,369.24 points. Similarly, the Nifty was trading at a level of 17,497.85 points with a decline of 118.45 points i.e. 0.67 per cent. The color of BRITANNIA, ITC, INFY, SBILIFE, INDUSINDBK is green on Nifty i.e. positive reaction is being seen in these stocks. On the other hand, big stocks like ADANIENT, UPL, ADANIPORTS, HDFCLIFE, BAJFINANCE are seen in red, which means they are showing signs of decline. Selling is being seen in bank and financial stocks in today’s business. Both the indices have gained 1.5 per cent on the Nifty. The metal index has also weakened by 1 percent. Although the IT index is up 1 percent. Today i.e. on February 2, 2023, some stocks are ready to show action in a volatile market. These stocks can remain in focus in the market today. If you are looking for better stocks in intraday then you can keep an eye on these.
Eicher Motors
Royal Enfield has sold 74,746 motorcycles in January 2023, up 27 per cent from 58,838 units sold in the same month last year. But exports declined by 23 per cent to 7,044 motorcycles during the same period. The company has registered a growth of 45 per cent by selling 6.91 lakh motorcycles in the April 2022-January 2023 period.
coal india
Coal miner Coal India has announced production of 71.9 million tonnes of coal for January 2023, up 11.5 per cent from the year-ago month. While the offtake has increased by 6.1 percent to 64.5 million tonnes in the same period.
Adani Enterprises
Adani Group has withdrawn the 20 thousand crore FPO of its flagship company Adani Enterprises. This FPO was subscribed 112%. But after the company’s stock fell by 30 per cent on Budget Day, the group has decided to withdraw it. After which the money of the investors will be returned.
Britannia Industries
The company’s profit has increased by 156 percent on an annual basis to Rs 932.4 crore. The operating performance has been strong, while the income has been exceptional at Rs 359 crore. The revenue from operation has been 4197 crores, in which there has been a growth of 17.4 percent. EBITDA has increased by about 51.5 percent to 817.6 crores.
Railtel Corporation
RailTel Corporation of India Limited is a wholly owned subsidiary of Indian Railways, Ministry of Railways, Government of India. It provides broadband and VPN services. The company has bagged a work order worth Rs 253.35 crore from SBI for providing 4G LTE connectivity for offsite 15,000 ATMs and maintenance for 5 years.
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