Tuesday, November 1, 2022

Top 5 stocks that moved the most on November 1

Benchmark indices closed higher for the fourth consecutive session on November 1 with the Nifty above 18,100. At close, the Sensex was up 374.76 points or 0.62 percent at 61,121.35, and the Nifty was up 133.20 points or 0.74 percent at 18,145.40.

Balrampur Chini | CMP: Rs 331 | The share price jumped over 4 percent after the company said that a meeting of the board of directors will be held on November 9, 2022, to consider the Standalone and Consolidated Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2022, and buyback of Equity Shares of the company and matters related/ incidental thereto, it said in an exchange filing.

Punjab National Bank | CMP: Rs 40 | The stock fell over 6 percent after the bank reported a 63 percent decline in standalone net profit to Rs 411 crore for the September quarter on account of higher provisioning for bad loans. Total income in the second quarter of the current fiscal increased to Rs 23,001.26 crore as against Rs 21,262.32 in the July-September period a year ago, PNB said in a regulatory filing. Provisions for bad loans increased to Rs 3,555.98 crore in the July-September quarter of FY23 as against Rs 2,692.74 crore in the year-ago period.

Tata Motors | CMP: Rs 421 | The scrip added 2 percent on November 1. The auto major reported a 15.49 percent rise in total sales at 78,335 units in October 2022. The company had sold a total of 67,829 units in the same month last year, Tata Motors said in a statement. Total domestic sales were at 76,537 units as against 65,151 units in the year-ago month, a growth of 17 percent, it added. Passenger vehicle (PV) sales, including electric vehicles, in the domestic market were at 45,423 units as compared to 34,155 units in the same month last year, up 33 percent.

Fsn E-Commerce Ventures (Nykaa) | CMP: Rs 1,180 | The stock price rose over 2 percent after the company reported a 350 percent jump in September-quarter net profit on Tuesday, boosted by strong demand for its products ahead of the festive season. Consolidated net profit stood at Rs 5.2 crore for the quarter ended September 30, compared with Rs 1.17 crore a year earlier. The company's quarterly revenue from operations recorded a 39 percent year-on-year increase to Rs 1,230.8 crore.

Varun Beverages | CMP: Rs 1,102 | The share price jumped over 5 percent after the firm reported a better-than-expected third-quarter profit on Tuesday as the Pepsi bottler benefited from price increases it had implemented to protect its margins. Profit grew by 59 percent to $46.1 million in the three months ended September 30. Revenue from operations increased 33 percent to Rs 32.48 billion for the company, which makes and bottles several PepsiCo Inc-branded drinks such as Mirinda, Mountain Dew, and Tropicana.

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