Breaking the five-day losing
streak, BSE Sensex surged 574.35 points or 1.02% to close at 57,037.50. NSE
Nifty closed 177.90 points or 1.05% higher to 17,136.55. Auto, pharma, IT, oil
& gas indices jumped 1%-2% each, while selling was seen in the metal and
banking names. The BSE midcap and smallcap indices ended in the green.
Also Read | Closing Bell: Sensex gains 574 points, Nifty closes at 17,136
Here
are the key stocks that moved most on April 20:
ACC: The
share price jumped 7.37% to close at Rs 2,208.00 after the cement maker
reported a 41% increase in consolidated profit after tax (PAT) of Rs 396 as
compared to Rs 281 crore in the previous quarter. On yearly basis, profit
declined 30% from Rs 563 crore. Consolidated revenue surged 5% to Rs 4,427
crore from Rs 4,226 crore in the December 2021 quarter. Revenue grows 3% from
Rs 4,292 crore in the year-ago period.
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L&T
Infotech: The stock price fell 4.98% to close at Rs 5,200 after
the company reported a consolidated profit after tax (PAT) of Rs 637 crore for
the quarter ended March 2022, up 17% from Rs 545 crore in the corresponding
quarter of the previous year. Goldman
Sachs maintained a sell rating on the stock with the target price of Rs 4,570
per share.
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HDFC
Limited: The financial services company’s shares jumped 2.09% to
close at Rs 2,185 after the firm entered into binding agreements to sell 10% of
HDFC Capital Advisors to a subsidiary of Abu Dhabi Investment Authority, the
UAE’s biggest sovereign wealth fund, for Rs 184 crore.
Also Read | L&T Infotech share tanks 5% despite reporting positive quarterly results
MRPL:
Shares of Mangalore Refinery and Petrochemicals Limited closed 19.95% higher at
Rs 69.15 to become the biggest gainers on the Nifty500.
Also Read | ACC shares surge over 5% despite reporting 29% fall in Q1 net profit
PSP
Projects: The share surged 5.22% to close at Rs 553.00 after the
company received orders. “PSP Projects received orders worth Rs 938.76
crore (excluding goods and services tax) which includes fresh orders of Rs
511.39 crore (including orders worth Rs 503.56 crore for construction of sports
complex at Ahmedabad) and Rs 327.39 crore in FY22 and FY23 respectively and
additional scope in existing contracts worth Rs 99.98 crore in FY22,” the
company said in a release.