Market movers: Post stellar Q4 results Angel One tops group A in todays session

Angel One, Sadbhav Engineering and HG Infra lead Group A.

The rally in Reliance Industries for three straight sessions has contributed to the positive sentiment in the market. Benchmark indices S&P BSE Sensex closed up by 1.53 per cent or 874 points at 57911.68 while Nifty50 closed at 17392.60 gaining 256 points or 1.49 per cent. 

Auto stocks displayed a strong rally as most sectors traded in the green. S&P BSE Midcap closed up by 1.3 per cent at 24873.78 while Smallcap closed at 29358.43 gaining 1.33 per cent. 

Angel One, Sadbhav Engineering and HG Infra witnessed positive action in today’s session.  

   Angel One showed a strong rally of 18.07 per cent in today’s session to hit a fresh 52-week high at Rs 1950.05. At the day’s high the stock surged 20 per cent while it closed at 1918.70. The rally was witnessed on the back of strong Q4 results by the broking house. Net revenue for the quarter rose by 64.28 per cent on a YoY basis to Rs 671.28 crore while net profit doubled to Rs 204.76 crore. PAT margins jumped by 554 bps and came in at 30.50 per cent. 

  Sadbhav Engineering zoomed 13.72 per cent in today’s session to emerge as the second-biggest gainer in Group A. The share hit intraday high and low at Rs 39 and Rs 33, respectively and closed at Rs 37.30. The infrastructure company has implemented projects including the construction of roads & highways, bridges, mining and irrigation supporting infrastructures. 

HG Infra Engineering gained 12 per cent in today’s session and closed at Rs 663.30. The stock logged it's intraday high and low in today’s session at Rs 675 and Rs 590.30, respectively.