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ONGC, Hariom Pipes and other stocks that moved most on April 13

  • ONGC closed 2.99% higher at Rs 173.95
  • Hariom Pipe Industries surged 50.98% to close at Rs 231.00
  • Anand Rathi Wealth jumped 7.21% to close at Rs 656.80

Written by:Devanshu
Published: April 13, 2022 12:11:18

The BSE Sensex closed 237.44 points or 0.41% lower at
58,338.93. During the day, it declined 285.14 points or 0.48% to 58,291.23.
Similarly, the NSE Nifty slipped 54.65 points or 0.31% to close at 17,475.65.

BSE midcap index fell 0.2% and smallcap index added
0.27%. On the sectoral front, FMCG, capital goods, metal and oil & gas all
gained 0.5% each, while realty, auto and bank ended in the red.

Also Read | Closing Bell: Sensex falls 237 points, Nifty closes at 17,475

Here are the key stocks that moved most during today’s
trading session:

ONGC: The share of the state-owned oil and gas company
closed 2.99% higher at Rs 173.95 after OPEC slashed its forecast for growth in
world oil demand in 2022 citing the impact of Russia’s invasion of Ukraine,
surging inflation and rise of Omicron coronavirus variant in China.

Also Read | Crisis-hit Sri Lanka asks citizens abroad to send home money

Hariom Pipe Industries: The stock price surged 50.98% to
close at Rs 231.00 on its debut day. Hyderabad-based iron and steel products
manufacturer Hariom Pipe Industries earned a 39.87% premium on the BSE to issue
price on April 13 in line with estimates considering the firm’s strong
financial performance and decent subscription of IPO.

Also Read | Why US inflation is going up and when will it calm down

Anand Rathi Wealth: The share price jumped 7.21% to close
at Rs 656.80 after the company reported a strong Q4 financial report. The
company’s net profit jumped 239% year-on-year to Rs 35 crore and revenue
increased 49% to Rs 115 crore in the quarter under review compared to Rs 77
crore in the year-ago period.

Also Read | CNG-PNG price hike: Natural gas rate rises in Maharashtra

L&T Infotech: The stock surged 2.87% to close at Rs
6,080.00 after the firm expanded its presence in the US with a new engagement
centre in Hartford, CT. The engagement centre will allow workforce
transformation and localization for LTI in the Americas.

Also Read | United Kingdom’s inflation rate rises at highest pace in three decades

Prestige Estates: The
stock closed 1.43% lower at Rs 483.00 after Prestige Estates announced its
updates on real estate operations for the year financial year 2021-22. The
group reported the highest-ever sales of Rs 103,822 million, up 90% YoY and has
registered record collections of Rs 74,664 million, up 47% YoY.

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