Top 5 stocks of the day: ONGC, Tech Mahindra, Apollo Hospitals, Divis Labs and Nestle India among the major gainers on the Nifty, while losers were BPCL, Bajaj Finance, HUL, HDFC Life and M&M. Among sectors, information technology, metal and Realty up 1 percent each. The BSE midcap and smallcap added nearly a percent each.
Sensex and NSE Nifty50
The benchmark indices ended the tumultuous session on February 16 unchanged. At close, the Nifty was up 20 points or 0.11% at 18,035.80 and the Sensex was up 44.42 points or 0.07% at 61319.51. 1814 of the shares are up, 1562 are down, and 154 are remaining unchanged.
Top Stock Gainers (Intra-day)
|Dr Reddys Labs||4,523.35||0.08||184.78k|
Brokerages positive on Apollo Hospitals despite subdued Q3
Apollo Hospitals Enterprise has received encouragement from several brokerages despite reporting muted earnings for the quarter ended in December because the management commentary points to the possibility of a turnaround for the massive healthcare organisation.
Lower margins across businesses and increased spending for Apollo 24/7 were blamed for the weak Q3 earnings. Although a seasonal downturn had an impact on the company’s core healthcare business, its pharmacy vertical was still able to record year-over-year growth.
Top 5 stocks of the day: PI Industries stock up 9%
The stock price of agrochemical company PI Industries increased after it released strong third-quarter financial results that exceeded street expectations. On February 16, its stock experienced an intraday increase of more than 9%.
Due to an increase in operating profit brought on by a favourable product mix and operating leverage, the company’s consolidated net profit for the quarter was Rs 352 crore, up 58 percent YoY.
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