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HDFC Life Insurance, HCL and other stocks that moved the most on April 22

  • HDFC Life Insurance slipped 2.88% to close at Rs 554.50
  • HCL Technologies rose 0.30% to close at Rs 1,102.50
  • Cyient surged 8.23% to close at Rs 899.85

Written by:Devanshu
Published: April 22, 2022 12:27:38

The BSE benchmark Sensex closed 714.53 points or 1.23% to
settle at 57.197.15. During the day, it plummeted by 776.96 points or 1.34% to
57,134.72. The NSE Nifty also plunged 220.65 points, or 1.27%, to 17,171.95.
BSE midcap and smallcap ended in the red. All sectoral indices closed with the
losses with capital goods, bank, metal, realty and healthcare down 1%-2%.

Also Read | Closing Bell: Sensex falls 714 points, Nifty closes at 17,172

Here are the key stocks that moved most on April 22:

HDFC Life Insurance: The stock price slipped 2.88% to
close at Rs 554.50 after the company said the board will consider fundraising
and dividend in a meeting scheduled for April 26. The board will also consider
and approve audited standalone and consolidated financial results for the
quarter and year ended March 2022.

Also Read | LIC IPO expected to go public on May 2 with trimmed issue size: Report

HCL Technologies: Shares of the IT major rose 0.30% to
close at Rs 1,102.50 after the company quarterly profits exceeded market
estimates. HCL Technologies reported 226% YoY growth in consolidated profit
after tax (PAT) at Rs 3,593 crore. The adjusted profit after tax for the
quarter grew 21.3% YoY. Sequentially, profit rose 4.4%.

Also Read | HCL Tech Q4 Results: Net profit rises 226% to Rs 3,593 crore, revenue up 15%

Cyient: The stock surged 8.23% to close at Rs 899.85
after the company recorded a 17% growth in profit at Rs 154.20 crore for the
quarter ended March 2022 from Rs 131.8 crore in the previous quarter. Revenue
was down at Rs 1,181.20 crore against Rs 183.4 crore in December 2022 quarter.
The board has declared a final dividend of Rs 14 per share on the face value of
Rs 5 per share.

Also Read | Japan’s Yen, China’s yuan fall as US Fed considers rapid rate hikes

Rallis India: Shares of the crop-solutions company
tumbled 10.13% to close at Rs 252.95 after the company reported a loss of Rs
14.15 crore in the quarter ended March 2022 compared to a profit of Rs 8.12
crore in the year-ago period. Revenue grew 7.7% to Rs 50.7.5 crore in the
reported quarter, against Rs 471.3 crore in the corresponding quarter last
financial year.

Also Read | Oil prices dip as demand tapers, market reacts to potential Fed rate hike

NACL Industries: The stock closed 8.03% higher at Rs
97.50 after the company secured environmental clearance for expansion of
manufacturing capacity from 30 TPD to 70.1 TPD in Andhra Pradesh.

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