The BSE Sensex plummeted 537.22 points or 0.94% to end at
56,819.39. During the day, it slipped 772.57 points or 1.34% to 56,584.04. BSE
midcap and smallcap indices were 0.5% down each. The NSE Nifty tumbled 162.40
points or 0.94 points to 17,038.40. On the sectoral front, bank, oil & gas
and power indices were down a per cent each.
Here are the key stocks that moved most on April 27:
CARE Ratings: The stock plunged 14.31% to close at Rs
468.80 after the company’s Managing Director and Chief Executive Officer Ajay
Mahajan resigned from his post citing personal reasons.
Bajaj Finance: The stock price fell 7.24% to close at Rs
6,716 after the company reported its quarterly earnings. Bajaj Finance reported
a 79.7% YoY growth in consolidated net profit to Rs 2,420 crore due to higher
net interest income and lower provisions. The company’s net interest income
(NII) surged 30% YoY to Rs 6,068 crore in the March quarter.
HDFC Life Insurance: Shares of the insurance firm closed
0.39% down at Rs 547.70 after it reported a net profit of Rs 357.52 crore in
the March 2022 quarter, up 12.4% from a year-ago period.
IIFL Securities: The stock fell 7.65% to close at Rs
93.50 after the company reported a 2% YoY rise in consolidated net profit at Rs
78.95 crore in March 2022 quarter despite strong revenue growth, hit by higher
tax costs and lower other income. Revenue surged 46% YoY to Rs 346.8 crore in
the quarter ended March 2022.
The share price rose 7.34% to Rs 510.50 after the company reported a 10% YoY
decline in the consolidated net profit at Rs 11.11 crore in March 2022 quarter
despite strong revenue and operating performance. Revenue increased 10% YoY
1,072.7 crore. EBITDA increased by 19% to Rs 54.96 crore and the margin rose to
5.12% in the reported quarter from 4.73% in the year-ago period.