Amid weak market, this defence equipment stock moved 1.65 per cent in todays session!

The stock of Bharat Dynamics has rallied 10.32 per cent in a month!

The benchmark index S&P BSE Sensex was down 1747 points or a massive 3 per cent to close at 56,405.84. The Nifty 50 index lost 550 points or 3.2 per cent closing below the sentiment level of 17000 at 16823.85. 

What drove the bears in today’s session? India's inflation based on the wholesale price index (WPI) stood at 12.96 per cent in January 2022 compared with 2.51 per cent in January 2021. While Russia- Ukraine tussle and fears of US Fed rate hike led global markets to trade in red, which impacted their Indian peers. 

In the broader market, the S&P BSE Mid-Cap index ended with a deep cut of 3.5 per cent while the S&P BSE Small-Cap index slipped 4.15 per cent. The market breadth was weak. BSE 500 closed at 22889.32 with a loss of 3.27 per cent or 774 points. 

In today’s weak session, Bharat Dynamics rallied 1.65 per cent to close at Rs 460 with an intraday high and low of Rs 478.50 and Rs 436.50. 

Bharat Dynamics has rallied 10.32 per cent in the last one month. The stock has been buzzing early this month after bagging the Indian Army contract, hitting a fresh 52-week high of Rs 535.70 on February 4, the stock again came into the limelight after the meeting of the Defense Minister with senior company officials which gave positive signals. 

Other scrips which traded in green are Johnson Controls -Hitachi Air Conditioning Ltd(JCHAC) and Howkins Cooker Ltd 

JCHAC rallied 2.06 per cent The stock logged an intra-day high and low of Rs 1899 and Rs 1761 to close at Rs1847.60. The company posted Q3 results last week wherein the top line grew by 45 per cent and bottom line turned positive sequentially. 

Hawkins Cooker rallied 3.13 per cent in today’s trading session to close at Rs 5772.05 with an intraday high low of Rs 5801.05 and 5599.95 was today’s intraday high.