As soon as the market opened, most of the Adani Group shares went to the lower circuit. Sensex was trading at a level of 59,369.24 points with a loss of 338.84 points, that is, 0.57 percent. Similarly, the Nifty traded at a level of 17,497.85 points with a fall of 118.45 points, that is, 0.67 percent.
After mixed global signals, selling is seen today in the national stock market. There is a sharp drop in Sensex and Nifty in business today. The budget booster and the force of the Fed news didn’t work either and as soon as the market opened most of the Adani Group shares went into the lower loop. Sensex But with a loss of 338.84 points, that is, 0.57 percent, it was trading at the level of 59,369.24 points. Similarly, the Nifty traded at a level of 17,497.85 points with a fall of 118.45 points, that is, 0.67 percent. The color of BRITANNIA, ITC, INFY, SBILIFE, INDUSINDBK is green in Nifty, that is, a positive reaction is observed in these actions. On the other hand, big stocks like ADANIENT, UPL, ADANIPORTS, HDFCLIFE, BAJFINANCE are seen in red, which means they are showing signs of decline. Selling is being seen in banking and financial actions in business today. Both indices have gained 1.5 percent on the Nifty. The metals index has also weakened by 1 percent. Although the IT index is up 1 percent. Today, that is, February 2, 2023, some stocks are ready to show action in a volatile market. These stocks may remain in the spotlight in the market today. If you’re looking for better intraday stocks, you can keep an eye on them.
Royal Enfield sold 74,746 motorcycles in January 2023, 27% more than the 58,838 units sold in the same month last year. But exports were down 23 percent to 7,044 motorcycles during the same period. The company has recorded a growth of 45 per cent by selling 6.91 lakh motorcycles in the period from April 2022 to January 2023.
Coal miner Coal India has announced a production of 71.9 million tons of coal for January 2023, 11.5% more than the month of the previous year. While extraction has increased by 6.1 percent to 64.5 million tons in the same period.
Adani Group has withdrawn the FPO of Rs 20 billion from its flagship company Adani Enterprises. This FPO was 112% subscribed. But after the company’s shares fell 30 percent on Budget Day, the group decided to pull it. After which the investors’ money will be returned.
The company’s profits have risen by 156 per cent annually to Rs 932.4 crore. Operational performance has been strong while revenue has been exceptional at Rs 359 crore. The operating income has been Rs 4,197 crore, in which there has been a growth of 17.4 per cent. EBITDA has risen by around 51.5 per cent to Rs 817.6 crore.
RailTel Corporation of India Limited is a wholly owned subsidiary of Indian Railways, Ministry of Railways, Government of India. It provides broadband and VPN services. The company secured a work order worth Rs 253.35 crore from SBI to provide 4G LTE connectivity for 15,000 external ATMs and maintenance for 5 years.