Nifty Top Gainers, Losers On April 29: From Bharat Electronics And Trent To Coal India
Bharat Electronics gained nearly 4%, while Coal India and UltraTech Cement shed 2% each at the close.
Indian benchmark indices ended higher for the second consecutive session on Tuesday. The NSE Nifty 50 closed 7.45 points, or 0.03% higher at 24,335.95, while the BSE Sensex ended 70 points, or 0.09% up at 80,288.38.
Bharat Electronics Ltd. gained nearly 4% to end at Rs 317.1 per share, after multiple large trades in the stock. Intraday, the share price jumped by 4.7%.
Trent added 3.5% after it reported its fourth-quarter financial results. The standalone net profit of the Tata Group company came in at Rs 350 crore in the January-March quarter, compared to Rs 654 crore in the same period last year. Analysts polled by Bloomberg had a consensus estimate of Rs 302 crore for the fashion retail major's bottom line.
The board also recommended a dividend of Rs 5 per share.
Tech Mahindra Ltd. and Reliance Industries Ltd. ended over 2% higher.
Coal India Ltd. and UltraTech Cement Ltd. shed 2% each at the close.
The stock of the government-owned coal producer had one large trade and it fell below the 200-day daily moving average of Rs 435.56 intraday.
Meanwhile, UltraTech Cement scrip witnessed price volatility after its March quarter results met street estimates. It initially gained 0.9% intraday, and then declined 2.6%.
Overall, the 50 companies part of the Nifty added a market cap of nearly Rs 12,000 crore.
