Stocks in news August 4th: Exide Industries, Alembic Pharmaceuticals, Welspun Corp, KEC International

Stocks in news August 4th: Exide Industries, Alembic Pharmaceuticals, Welspun Corp, KEC International

Stocks in news August 4th: Exide Industries, Alembic Pharmaceuticals, Welspun Corp, KEC International

Stocks in news August 4th: On Tuesday, both Sensex and Nifty reported a bullish trend in the stock market after bearish reports in the last three sessions. The Sensex is trading above 37,200 levels and Nifty is trading above 10,900 levels in the stock market. The Sensex gained 338.00 points with a 0.92% increase and reached a 37,276.37 level. While Nifty gained 92.00 points with a 0.84% increase and reached 10,984.45 level.

On the other side, the number of coronavirus cases in India reached 18,55,745 as of Tuesday, August 4th, and deaths reached 38,938.

Besides, there are some stocks in the news on August 4th stock market shown below:

Exide Industries Limited: On Monday, the company reported its Q1 results for the financial year 2020-21. However, the company reported its net loss of Rs. 13.56 crores as against a profit of Rs. 161.58 crores in the same quarter last year. While the company’s total income decreased by 31.10% to Rs. 2,526.11 crores as against Rs. 3,664.18 crores in the same quarter last fiscal year.

However, the shares of Exide Industries Limited on Tuesday reported a bullish trend in the stock market. The company gained 5.30 points with a 3.43% increase and reached 159.90 INR. While in BSE, the company gained 5.50 points with a 3.56% increase and reached 160.00 INR.

KEC International Limited: On Monday, the company bagged an order worth Rs. 1,192.00 crores for various businesses.

However, the shares of KEC International Limited on Tuesday reported a bullish trend in the stock market. The company gained 4.35 points with a 1.63% increase and reached 271.85 INR. While in BSE, the company gained 4.25 points with a 1.59% increase and reached 271.80 INR.

Alembic Pharmaceuticals Limited: The companies QIP issue opens today and the floor price of each share set at Rs. 980.75 via the open market.

However, the shares of Alembic Pharmaceuticals Limited on Tuesday reported a bullish trend in the stock market. The company gained 37.35 points with a 3.79% increase and reached 1,022.40 INR. While in BSE, the company gained 32.65 points with a 3.30% increase and reached 1,022.00 INR.

Dhanlaxmi Bank Limited: On Monday, the bank reported its Q1 results for the financial year 2020-21. However, the bank reported its net profit of Rs. 6.10 crores as against Rs. 19.80 crores in the same quarter last year. While the company’s net interest income (NII) decreased to Rs. 79.00 crores as against Rs. 90.10 crores in the same quarter last fiscal year.

However, the shares of Dhanlaxmi Bank Limited on Tuesday reported a bearish trend in the stock market. The company lost 0.55 points with a 4.25% decrease and reached 12.40 INR. While in BSE, the company lost 0.56 points with a 4.32% decrease and reached 12.40 INR.

BSE Limited: On Monday, the company reported its Q1 results for the financial year 2020-21. However, the company’s net profit decreased to Rs. 32.34 crores as against Rs. 34.36 crores in the same quarter last year. While the company’s total income decreased to Rs. 138.08 crores as against Rs. 142.35 crores in the same quarter last fiscal year.

However, the shares of BSE Limited on Tuesday reported a bearish trend in the stock market. The company lost 13.60 points with a 2.66% decrease and reached 498.00 INR. While the company is not listed in the BSE stock market.

TRF Limited: On Monday, the company reported its Q1 results for the financial year 2020-21. However, the company reported its net loss of Rs. 28.13 crores as against a loss of Rs. 3.45 crores in the same quarter last year. 

However, the shares of TRF Limited on Tuesday reported a bullish trend in the stock market. The company gained 6.45 points with an 8.26% increase and reached 84.50 INR. While in BSE, the company gained 6.45 points with an 8.26% increase and reached 84.50 INR.

KPIT Technologies Limited: On Monday, the company reported its Q1 results for the financial year 2020-21. However, the company’s net profit decreased by 22% to Rs. 24.20 crores as against Rs. 31.00 crores in the same quarter last year. While the company’s total revenue decreased by 2.60% to Rs. 492.70 crores as against Rs. 505.70 crores in the same quarter last fiscal year.

However, the shares of KPIT Technologies Limited on Tuesday reported a bullish trend in the stock market. The company gained 3.20 points with a 4.96% increase and reached 67.70 INR. While in BSE, the company gained 3.20 points with a 4.97% increase and reached 67.65 INR.

Welspun Corp Limited: On Monday, the company bagged an order worth Rs. 1,000.00 crores for multiple pipes supply.

However, the shares of Welspun Corp Limited on Tuesday reported a bullish trend in the stock market. The company gained 4.60 points with a 4.99% increase and reached 96.75 INR. While in BSE, the company gained 4.60 points with a 4.97% increase and reached 97.10 INR.

Top Gainers on August 4th: Zee Entertainment, HDFC Bank, Reliance Industries, Hero Motocorp, and ICICI Bank are the top gainers in today’s stock market.

Top Losers on August 4th: IndusInd Bank, Tech Mahindra, HCL Tech, Wipro, and Grasim Industries are the top losers in today’s stock market. 

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