Gainers & Losers: SpiceJet, Paytm among 6 stocks that hogged limelight on D-St today
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Newsmakers of D-St
Extending gains on Monday, Sensex rallied over 465 points while the Nifty ended comfortably above the 17,500 mark. The broader market underperformed as India VIX went 2 per cent. Analysts attribute the rally to sustained FII buying and falling oil prices. Here are a handful of stocks that were in focus today:
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Adani Ports
The stock dipped up to 2 per cent during the day to day's low at Rs 795.85. Earlier in the day, Adani Ports reported a 16 per cent YoY drop in its consolidated net profit at Rs 1,072 crore. The figure missed analyst estimates of Rs 1,256 crore.
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Titan
Titan rallied up to 1.7 per cent during the day to hit day's high at Rs 2,474.95. The fashion retailer reported a 13-fold jump in year-on-year (YoY) net profit at Rs 793 crore in June quarter compared with Rs 61 crore profit in the same quarter last year.
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Paytm
Paytm stock ended 6.5 per cent higher from Friday's close at Rs 834.30 after the fintech reported that its Q1 revenue jumped 89 per cent on a YoY basis.
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SpiceJet
SpiceJet stock ended 4 per cent lower at Rs 47.50 amid reports that a few lenders have put their loans to the airline in the high-risk category.
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M&M
Mahindra & Mahindra (M&M) stock ended 3.13 per cent down at Rs 1,274.85. Last Friday, the tractor maker reported a 67 per cent YoY rise in net profit at Rs 1,430 crore compared with Rs 857 crore in the corresponding quarter last year.
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IRB Infra
Shares of IRB Infra ended 5.3 per cent higher at Rs 264. The company on Friday reported a multi-fold increase in consolidated net profit at Rs 363.19 crore for the quarter ended June 30. It had clocked a consolidated net profit of Rs 71.91 crore in the corresponding period of the previous fiscal, it said in a regulatory filing.