Hindalco, BHEL, Adani Gas and other stocks that moved most on August 4
- Shares of Adani Total Gas surged 2.82% to Rs 3,362
- Bharat Electronics surged 2.15% to close at Rs 282.80
- BHEL shares ended 0.85% down at Rs 52.75
In a volatile session, the Sensex fell 51.73 points or 0.09% to close at 58,298.80. During the day, it touched a low of 57,577.05 and a high of 58,712.66. The broader NSE Nifty dipped 6.15 points or 0.04% to settle at 17,382.
The broader indices ended in green with the BSE Midcap index up by 0.29%, while the Small cap index was up by 0.25%. The top gaining sectoral indices on the BSE were Healthcare up by 1.93%, IT up by 1.23%, TECK up by 1.05%, Metal up by 1.01%, and Consumer Durables up by 0.68%, while Telecom down by 1.14%, Realty down by 1.11%, PSU down by 1.05%, Bankex down by 0.71% and Utilities down by 0.70% were the top losing indices on BSE.
Here are the key stocks that moved the most on August 4:
Hindalco Industries: The stock added 1.48% to close at Rs 420.40 after subsidiary Novelis Corporation reported strong earnings for the quarter ended June. Novelis’ net sales in the quarter grew 32% year-on-year to $5.1 billion aided by the strong demand in the international market. Net profit jumped 28% to $307 million. The company said that the adjusted profit came in at a record high of $561 million as against $555 million a year ago.
Bharat Electronics: The stock surged 2.15% to close at Rs 282.80. The Board of Directors of the company at their meeting held today considered and approved the issue of bonus shares to the shareholders of the company in the ratio of 2:1 by capitalizing 4,87,31,85,886 standing to the credit of the free reserves and surplus of the company.
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BHEL: The share price ended 0.85% down at Rs 52.75 after the company reported its June quarter results. The company posted a net loss of Rs 191.85 crore for the April-June quarter, narrowing from Rs 445.4 crore in the year-ago period. Revenue from operations grew by 61.03% year-on-year to 4,672 crore. Sales rose 63.35% year-on-year to Rs 4,449.49 crore.
Redington India: The share jumped 8.76% to settle at Rs 139.10 after the company reported a 36.5% year-on-year growth in consolidated net profit at Rs 326.34 crore for the quarter ended June 2022 led by operating performance and top-line growth. Revenue increased 25% year-on-year to Rs 16,803.14 crore for the first quarter of fiscal 2023.
Adani Total Gas: The stock surged 2.82% to Rs 3,362 after the company reported a consolidated net profit of the company of Rs 138.4 crore for the quarter ended June 30, 2022, up 70.6% from Rs 138.4 crore in the previous quarter. Consolidated revenue was up 3% at Rs 1,042.4 crore against Rs 1,012 crore quarter-on-quarter. EBITDA rose 66.7% at Rs 218.5 crore against Rs 131.1 crore.