At close, the Sensex was down 361.64 points, or 0.5 percent, at 72,470.30, and the Nifty was down 92.10 points, or 0.42 percent, at 22,004.70
March 26, 2024 / 06:45 PM IST
The markets broke three-day winning momentum and ended lower in the volatile session on March 26 with Nifty around 22,000 amid selling seen in the Information Technology, Bank and Media sectors. At close, the Sensex was down 361.64 points, or 0.5 percent, at 72,470.30, and the Nifty was down 92.10 points, or 0.42 percent, at 22,004.70
Dr Lal Path Labs | CMP Rs 2,267 | Shares of the company surged over 6 percent after the diagnostics services provider received a "double" upgrade from Kotak Institutional Equities. The brokerage upgraded the stock to "add" from "sell" and raised fair value (FV) to Rs 2,360 from Rs 1,975, largely led by increased growth estimates beyond FY26, as it built in lower competitive intensity.
IIFL | CMP Rs 321 | Shares slumped 4 percent after after the Reserve Bank of India announced a special audit for the two companies. Since March, the stock has shed 45 percent. Experts anticipate the audit to take four to six weeks, potentially resulting in tightened processes to ensure clean loans and prevent overleveraging. Analysts also suggested that joint regulatory action may address concerns over undetermined credit use.
Interglobe Aviation | CMP Rs 3,492 | Shares of the IndiGo parent soared 6 percent after a slew of brokerages rolled out strong growth forecasts for the low-cost carrier after its analyst meet. After the analyst meet on March 22, brokerages such as UBS Securities, Kotak Institutional Equities and Motilal Oswal Financial Services see a strong growth potential for the company.
Rategain | CMP Rs 770 |Shares of the company ended 1 percent higher after the company announced a strategic partnership with Madrid-based Summerwind GSA for airline representation. The company's AI-powered pricing solution AirGain will collaborate with Summerwind's deep industry experience and global reach, it said.
RVNL | CMP Rs 260 | Shares of the railway major soared 4 percent after the state-run railway company signed an MoU with Airports Authority of India (AAI). RVNL signed the agreement for the construction of subway/underpass to connect operational area to the AAI;s residential colony in Kolkata. The estimated cost of the project is Rs 229.43 crore.
HAL | CMP Rs 3,300 | HAL shares ended 4 percent higher after the defence PSU announced winning a Rs 194-crore order from the Guyana government. HAL will supply two Hindustan-228 commuter aircrafts along with Manufacturer Recommended List of Spares (MRLS), ground handling equipment and ground support equipment.
Maruti Suzuki | CMP Rs 12,250 | Shares of the auto major traded a percent lower after the company announced it is recalling 11,851 units of its Baleno and 4,190 units of its WagonR hatchbacks, citing a possible defect in a part of fuel pump motor. "This in a rare case may lead to an engine stalling or engine starting issue," the company said in a regulatory filing.
Mankind Pharma | CMP Rs 2,250 | Shares of the company recovered from red to trade 2 percent higher after 3.2 percent equity in Mankind Pharma changed hands in a block deal worth Rs 2,736.8 crore on March 26. While Moneycontrol could not immediately identify the parties involved in the transaction, CNBC-TV18 had reported citing sources that Beige Ltd, an affiliate of private equity firm ChrysCapital, was looking to offload a 2.90 percent stake in drugmaker through block deals.
Paradeep Phosphates | CMP Rs 66 | Shares of the company fell 2 percent after the Central Pollution Control Board (CPCB) slapped a closure notice on the company's Odisha plant. Operations at the plant will remain closed till the company complies with directions issued by the CPCB. Paradeep Phosphates will also need to wait for the CPCB to issue a written permission to resume operations.
Uno Minda | CMP Rs 674 | Shares of the company surged over 4 percent after after the company announced a Technical License Agreement with Starcharge Energy Pte. Ltd for the manufacture and sale of Electric Vehicle Supply Equipment (EVSE) in India. With this partnership, Uno Minda will further build up on its EV-specific product portfolio for the passenger car market.
1 month ago
![Dr Lal Path Labs | CMP Rs xx | Shares of the company surged over 5 percent after after the diagnostics services provider received a "double" upgrade from Kotak Institutional Equities. The brokerage upgraded the stock to "add" from "sell" and raised fair value (FV) to Rs 2,360 from Rs 1,975, largely led by increased growth estimates beyond FY26, as it built in lower competitive intensity.](https://images.moneycontrol.com/static-mcnews/2024/03/Sensex_up_higher-3.jpg "Dr Lal Path Labs | CMP Rs xx | Shares of the company surged over 5 percent after after the diagnostics services provider received a "double" upgrade from Kotak Institutional Equities. The brokerage upgraded the stock to "add" from "sell" and raised fair value (FV) to Rs 2,360 from Rs 1,975, largely led by increased growth estimates beyond FY26, as it built in lower competitive intensity.")
![Maruti Suzuki | CMP Rs xx | Shares of the auto major traded half a percent lower after the company announced it is recalling 11,851 units of its Baleno and 4,190 units of its WagonR hatchbacks, citing a possible defect in a part of fuel pump motor. "This in a rare case may lead to an engine stalling or engine starting issue," the company said in a regulatory filing.](https://images.moneycontrol.com/static-mcnews/2023/12/2024-Maruti-Suzuki-Swift.jpg "Maruti Suzuki | CMP Rs xx | Shares of the auto major traded half a percent lower after the company announced it is recalling 11,851 units of its Baleno and 4,190 units of its WagonR hatchbacks, citing a possible defect in a part of fuel pump motor. "This in a rare case may lead to an engine stalling or engine starting issue," the company said in a regulatory filing.")
