Nifty, Sensex Gainers, and Losers: HUL, UltraTech shut as high NSE, BSE gainers; BPCL cracks round 3% – Must you Purchase, Promote or Maintain?


Nifty, Sensex Gainers, and Losers: The Indian markets ended the day within the damaging territory on Tuesday amid weak international market traits and rising crude costs. Falling for the third day working, the benchmark indices – Sensex and Nifty – slipped beneath 62,650 and 18,650 ranges as we speak.

The 30-share BSE benchmark ended 208.24 factors or 0.33 per cent decrease at 62,626.36. The broader NSE Nifty declined 58.30 factors or 0.31 per cent to finish at 18,642.75.

On the Sensex — Tata Metal, Dr Reddy’s, Infosys, State Financial institution of India, Bharti Airtel, ICICI Financial institution, IndusInd Financial institution, Tata Consultancy Providers, Tech Mahindra, HCL Applied sciences and Maruti had been the laggards. Hindustan Unilever, UltraTech Cement, Energy Grid and Nestle had been among the many gainers.

Hindustan Unilever (HUL): ADD – Goal: 2800; Upside: 5.5%

Shares of HUL closed as high Sensex gainer on Tuesday, up round 1.5 per cent to Rs 2656.8 per share on the BSE as in comparison with over 0.3 per cent fall within the S&P BSE Sensex.

Manoj Menon, Analysis Analyst, ICICI Securities retains earnings estimates unchanged and mannequin income, EBITDA, PAT CAGR development at 12/13/14 per cent over FY22-24E.

UltraTech Cement: BUY – Goal: 8000; Upside: 10%

Shares of Ultratech Cement closed amongst high Nifty and Sensex gainers, up round 1 per cent to Rs 7268.8 per share on the BSE.

The corporate has a pan-India footprint with a diversified regional combine and vast distribution community, which helps Ultratech for model recognition and institutional publicity, in line with Julius Baer Fairness Analysis. It maintains a Purchase ranking with a goal worth of Rs 8000 apiece — a ten per cent upside.

The brokerage stated that the corporate has a powerful steadiness sheet and strong money era to help additional capability growth.

Bharat Petroleum Company Restricted (BPCL): Purchase – Goal: 360; Upside: 10%

Shares of BPCL closed as high Nifty loser, down round 3 per cent to Rs 328.5 per share on the NSE as in comparison with a 0.3 per share fall within the Nifty index.

Ramesh Sankaranarayanan, Analysis Analyst, Nirmal Bang maintains BUY on BPCL with a goal worth (TP) of Rs 360 per share (10% upside), primarily on the expectations of enhancing retail margins underneath possible softer oil costs and upside in GRMs (Gross Refinery Margins).

Nifty50 Prime Gainers:

1) Adani Ent shares ended at Rs 4,026, up round 2.4 per cent on the NSE from Friday’s closing worth.

2) HUL shares ended at Rs 2,658, up round 1.5 per cent on the NSE from Friday’s closing worth.

3) Nestle India shares ended at Rs 19,980, up over 1 per cent on the NSE from Friday’s closing worth.

4) Bajaj Auto shares ended at Rs 3,693.8, up round 1 per cent on the NSE from Friday’s closing worth.

5) Ultratech Cement shares ended at Rs 7,263, up round 1 per cent on the NSE from Friday’s closing worth

Nifty50 Prime Losers:

1) BPCL shares ended at Rs 328.5, down round 3 per cent on the NSE from Friday’s closing worth.

2) Hindalco shares ended at Rs 468.65, down over 2.5 per cent on the NSE from Friday’s closing worth.

3) Tata Metal shares ended at Rs 112.95 down round 2.5 per cent on the NSE from Friday’s closing worth.

4) Dr Reddy shares ended at Rs 4,375.30, down over 2 per cent on the NSE from Friday’s closing worth.

5) UPL shares ended at Rs 788.00, down round 2 per cent on the NSE from Friday’s closing worth.

Sensex Prime Gainers:

1) HUL shares ended at Rs 2654.10, up over 1 per cent on the BSE from Friday’s closing worth.

2) Ultratech Cement shares ended at Rs 7268.00, up round 1 per cent on the BSE from Friday’s closing worth.

3) Energy Grid shares ended at Rs 223.60, up round 1 per cent on the BSE from Friday’s closing worth.

4) Nestle India shares ended at Rs 19910.75, up over 0.5 per cent on the BSE from Friday’s closing worth.

5) Axis Financial institution shares ended at Rs 904.60, up round 0.5 per cent on the BSE from Friday’s closing worth

Sensex Prime Losers:

1) Tata Metal shares ended at Rs 112.90, down round 2.5 per cent on the BSE from Friday’s closing worth.

2) Dr Reddy shares ended at Rs 4374.00, down over 2 per cent on the BSE from Friday’s closing worth.

3) Infosys shares ended at Rs 1612.85, down over 1.5 per cent on the BSE from Friday’s closing worth.

4) SBI shares ended at Rs 1612.85, down over 1 per cent on the BSE from Friday’s closing worth.

5) Bharti Airtel shares ended at Rs 833.20, down over 1 per cent on the BSE from Friday’s closing worth.





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