Nifty, Sensex Under Pressure; Small-cap Stocks Fall Sharply - Monday Closing Report
Moneylife Digital Team 12 February 2024
On Monday, 1004 stocks advanced, 2986 declined and 89 remained unchanged, with an advance decline ratio of 0.33 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets. The trend of the major indices on Monday’s trading is given in the table below.
 
 
On NSE, 132 securities advanced and closed at a new 52-week high whereas 40 securities sank to close at their new 52-week lows.  In sectoral indices, Nifty Energy, Nifty FMCG and Nifty PSU Bank were among the biggest losers. Nifty IT and Nifty Pharma were among the biggest gainers.
 
Surya Roshni (-7.75%) has obtained an order amounted to Rs119.71 crore (with GST) for supply of MS Coated pipes (Spirally Welded) at Chittorgarh (Rajasthan).
 
Kiri Industries (-1.01%) has received approval for incorporation of a Wholly Owned Subsidiary (WOS) of the Company in Singapore.
 
Meera Industries(+2.87%)  has bagged two significant international orders totaling $336,250.
 
Indo Borax & Chemicals (-3.44%) has commenced the production of its new value added Boric Acid Derivative, Agricultural Chemical Disodium Octaborate Tetrahydrate (DOT) from new production facility at Pithampur plant.
 
Orient Press (+19.98%) has received approval for setting up new manufacturing facility/ plant at Tarapur Industrial area, Boisar for new line of business of production of Candles.
 
Fredun Pharmaceuticals (-2.64%) has received large orders from Southeast Asian (SEA) countries, amounting to Rs28 crore.
 
Elpro International (+5.70%) has received approval for acquisition of 100% stake in Faridabad Management (FMPL).
 
Minda Corporation (-0.48%), the flagship company of Spark Minda, has entered into a strategic alliance with Global Japanese Player for manufacturing of Smart Vehicle Access Systems.
 
Man Industries (-2.28%) (India) has bagged new orders of around Rs525 crore. The total unexecuted order book as stands at around Rs1600 crore to be executed in 6-7 months.
 
Yatharth Hospital and Trauma Care Services (-2.71%) has received approval for execution of share purchase agreement for acquisition of 100% equity stake in Pristine Infracon.
 
PG Electroplast’s (-6.69%) Wholly Owned Subsidiary -- PG Technoplast (PGTL) has entered into a ‘Definitive Agreement’ to acquire 100% stake in Next Generation Manufacturers (NGM).
 
Earning Highlights
 
EMS (-5.00%): Net Sales was Rs200 crore in Q3FY24 up 32% YoY (Rs151 crore). Net Profit was Rs37.4 crore in Q3FY24 up 26% YoY (Rs30 crore).
 
BCL Industries (-5.08%): Net Sales was Rs622 crore in Q3FY24 up 17% YoY (Rs534 crore). Net Profit was Rs32.8 crore in Q3FY24 up 34% YoY (Rs22.8 crore).
 
Eco Recycling Ltd (-1.99%): Net Sales was Rs7.47 crore in Q3FY24 up 104% YoY (Rs3.66 crore). Net Profit was Rs5.73 crore in Q3FY24 up 46% YoY (Rs3.82 crore).
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
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