Zomato, ITC, IndusInd Bank and other stocks that moved most on August 2
- Zomato's stock price surged 19.98% to close at Rs 55.55
- ITC shares added 0.59% to settle at Rs 309.30
- IndusInd Bank ended 2.11% higher at Rs 1,062.05
The Sensex closed 20.86 points or 0.04% higher at 58,136.36. During the day, it touched a high of 58,328.41 and a low of 57,744.70. The broader NSE Nifty settled at 5.40 points or 0.03% higher at 17,345.45.
The broader indices ended in green with the BSE Midcap index up by 0.50%, while the Small cap index was up by 0.34%. The top gaining sectoral indices on the BSE were Power up by 2.00%, Utilities up by 1.81%, PSU up by 1.03%, Consumer Disc up by 0.81%, and FMCG up by 0.65%, while Realty down by 1.74%, TECK down by 0.54%, IT down by 0.52%, Capital Goods down by 0.39% and Metal down by 0.37% were the top losing indices on BSE.
Here are the key stocks that moved the most on August 2:
Zomato: The stock price surged 19.98% to close at Rs 55.55 after the food delivery platform reported a consolidated loss of Rs 186 crore for the quarter ended June 30, 2022, nearly half of Rs 359 crore reported in the year-ago period. Revenue from operations surged 67.44% to Rs 1,413.9 crore.
Also Read | Why RBI would be pushed to hike interest rates
ITC: The share price added 0.59% to settle at Rs 309.30 after the company reported a consolidated net profit of Rs 4,462.25 crore for the quarter ended June 30, 2022, up 33.46% from Rs 3,343.44 crore in the year-ago period. Revenue from operations stood at Rs 19,831.27 crore, up 39.25% from Rs 14,240.76 crore logged in the same quarter last year. Revenue from the cigarette business jumped 28.63% to Rs 7,464.10 crore year-on-year, while non-cigarette businesses contributed Rs 4,458 crore, up 19.49% year-on-year to the top line.
Also Read | RBI expected to hike interest rate by 35-50 bps
IndusInd Bank: Shares of the private lender ended 2.11% higher at Rs 1,062.05 after it announced a strategic partnership with new age digital lending platform Rupyy.
Kansai Nerolac Paints: The stock surged 16.56% to close at Rs 503.00 after the company reported net revenue of Rs 1,944.6 crore, up 47.1% compared to Rs 162.9 crore in the year-ago period. EBIDTA came in at Rs 255.6 crore, a growth of 34.7% over the corresponding quarter of the previous financial year.
Godrej Properties: The stock price fell 3.46% to close at Rs 1,459.90 after the company in an exchange filing said that Mohit Malhotra, the managing director, and the chief executive officer has resigned from the posts with effect from December 31. Gaurav Pandey, who is the current CEO-North Zone, will take over as the new head, the company said in a BSE filing.