Morning market chatter: Ruchi Soya, Jet Airways, Kopran & Reliance Power hit upper circuit; read to know more!
Who bought & sold? Krishna Institute of Medical Sciences (KIMS): The stock is trading in four digits with gains of 0.32 per cent after Nomura India Investment Fund Mother Fund bought the stock, while on the other hand, famous investor Ashish Kacholia sold the stock.
The key benchmark indices were trading lower by a quarter of a per cent with Nifty and Sensex trading below the mark of 15,800 and 52,600, respectively.
The broader markets were seen relatively outperforming the frontline indices with Nifty Midcap 100 being down by a mere 0.10 per cent while Nifty Smallcap 100 advancing by 0.22 per cent. Market breadth was in the favour of advances. Among the sectoral indices, Nifty FMCG and Nifty Realty were in the green, while Nifty Bank emerged as the top loser.
Despite a red day, there are many stocks which are seen witnessing big movements. So, let us check why these stocks are witnessing big movement on Tuesday.
Upper circuit stocks: Jet Airways got locked at the upper circuit after the resolution plan submitted by the consortium of Murari Lal Jalan & Florian Fritsch received approval by National Company Law Tribunal, Mumbai Bench (NCLT) on June 25, 2021 via order dated June 22, 2021, subject to certain directions that are to be issued by a separate order.
Reliance Power: This ADAG stock has hit an upper circuit limit as there is news on the street that the company is expected to reduce its debt burden of Rs 1,500 crore by July-end.
Ruchi Soya Industries: The stock got locked at the upper limit of the day ahead of its earnings, which is scheduled to be announced today.
Meanwhile, Kopran Ltd locked at an upper circuit as the ‘trading window’ for dealing in the securities of the company will remain closed for directors, designated employees, and connected persons from July 01, 2021 till 48 hours after the declaration of Unaudited Financial Results of the Company for the first quarter ended June 30, 2021. Besides, the date for declaration of the financial results for the first quarter ended June 30, 2021 shall be announced in due course.
Who bought & sold?
Krishna Institute of Medical Sciences (KIMS): The stock is trading in four digits with gains of 0.32 per cent after Nomura India Investment Fund Mother Fund bought the stock, while on the other hand, famous investor Ashish Kacholia sold the stock.
Open interest
Marico: The stock is up by over 4 per cent and also, hit a fresh 52-week high in today’s session. It has seen addition of nearly 19 per cent in the open interest in July series future.