The Sensex jumped 1,041.47 points of 1.87% to close at
56,857.79. During the day, it gained 1,097.9 points or 1.96% to 56,914.22. The
Nifty advanced 287.80 points or 1.73% to 16,929.60.
The broader indices ended in green with the BSE Midcap
index up by 0.94%, while the Small cap index was up by 0.65%. The top gaining
sectoral indices on the BSE were IT up by 2.51%, TECK up by 2.19%, Realty up by
2.03%, Metal up by 1.86%, and Bankex up by 1.72%, while Telecom down by 0.37%
was the only losing index on BSE.
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Here are the key stocks that moved the most on July 28:
Bajaj Finance: The stock price rose 10.46% to close at Rs
7,065.50 after the firm reported its highest ever net profit in the quarter
ended June 2022. Its consolidated net profit for the quarter stood at Rs
2,596.25 crore, up 158.99% from Rs 1,002.44 crore in the year-ago period. The
company’s net interest income (NII) rose by 48% to Rs 6,638 crore from Rs 4,489
crore in the year-ago quarter.
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Bajaj Finserv: The share price surged 10.09% to close at Rs
14,650 after the company reported a consolidated net profit of Rs 1,309 crore
in the quarter ended June, up 57% from Rs 833 crore in the year-ago period.
Revenue from operations surged 14% year-on-year Rs 15,888 crore, up from Rs
13,949 crore. The company’s board of directors approved a sub-division of
equity shares of the face value of Rs 5 each.
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Tata Steel: The stock settled 4.43% higher at Rs 100.20
after the stock turned ex-date for subdivision of shares in a ratio of 1:10.
The company has set Friday, July 29, 2022, as the ‘Record Date’ for evaluating
the eligibility of shareholders for the purpose of subdividing/splitting every
one fully paid-up equity share with a value of Rs 10 each in the company’s
share capital into ten fully paid-up equity shares with the face value of Re 1
each. Tata Steel’s Board of Directors accepted the proposal to subdivide the company’s equity
shares with a face value of Rs 10 apiece to Re 1 on May 3, 2022.
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Nestle India: Shares of Nestle India jumped 2.74% to close
at Rs 19,050 reporting a net profit of Rs 515.34 crore for the June quarter,
down 4.31% from Rs 538.58 crore in the year-ago quarter. Revenue from sales of
products during the quarter came in at Rs 4,006.86 crore rising 15.72% from Rs
3,462.35 crore in the same quarter of the previous financial year.
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Dr. Lal PathLabs: The stock ended 1.52% down to settle at
Rs 2,137.15 after the company reported a 56.4% decline in April-June quarter
net profit at Rs 58.2 crore against Rs 133.7 crore in the year-ago period.
Revenue also fell 17.1% year-on-year at Rs 502.7 crore compared to Rs 606.6
crore.