Voltas, Subex, SpiceJet and other stocks that moved most on August 3
- Voltas stock ended 1.76% down at Rs 982
- Subex stock touched 20% upper circuit to close at Rs 33.30
- SpiceJet's share price surged 12.18% to close at Rs 49.75
The Sensex ended 214.17 points or 0.37% higher at 58,350.53. During the day, it touched a high of 58,415.63 and a low of 57,788.78. The Nifty moved up by 42.70 points or 0.25% to 17,388.15.
The broader indices ended in red with the BSE Midcap index down by 0.60%, while the Small cap index was down by 0.28%. The only gaining sectoral indices on the BSE were IT up by 1.28% and TECK up by 1.13%, while Telecom down by 1.26%, Capital Goods down by 0.82%, Auto down by 0.78%, Realty down by 0.73%, and Healthcare down by 0.65% were the top losing indices on BSE.
Here are the key stocks that moved the most on August 3:
Voltas Limited: The stock ended 1.76% down at Rs 982 after Voltas reported a 10.52% decline in its consolidated net profit at Rs 109.62 crore for the quarter ended June 30 as against Rs 122.4 crore reported a year ago. The revenue from operations surged 55% year-on-year to Rs 2,768 crore against Rs 1,785.20 crore.
Subex: The stock touched 20% upper circuit to close at Rs 33.30 after the company said it signed a deal with Jio Platforms that will augment the 5G product line of Reliance Industries' business. In a regulatory filing on August 2, the company said entered into a partnership under which Jio would offer its Cloud Native 5G Core to telcos globally along with Subex’s HyperSense for enabling closed-loop network automation, and product performance, and customer experience analytics.
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SpiceJet: The share price surged 12.18% to close at Rs 49.75 after news reports that SpiceJet promoter Ajay Singh is exploring a possibility of a partial stake sale in the airline. An ANI tweet quoted a SpiceJet spokesperson as saying, “The company continues to be in discussions with various investors to secure sustainable financing and will make appropriate disclosures in accordance with applicable regulations”. Singh currently holds a 60% stake in the airlines.
Indus Towers: The share price fell 5.93% to close at Rs 206.35 after the company reported a 66% decline in consolidated net profit at Rs 477 crore in the quarter ended June 30. Topline grew just 1% to Rs 6,897 crore and operating profit slipped 34% to Rs 2,322 crore. Operating cash flow tanked 60% to Rs 807 crore reflecting the impact of non-payment from one of the customers.
Adani Transmission: The share price surged 2.73% to close at Rs 3,515 hitting a new high after the company incorporated a wholly owned subsidiary company in the name of “Adani Transmission Step-Two Limited, for transmission, distribution, and supply of power and other infrastructure services relating thereto.