Indian shares fell nearly 2% on Monday, joining a global sell-off, driven by rising tensions between Russia and the West over Ukraine. BSE Sensex The Nifty fell over 1,200 points, with banking and financial stocks falling, while the Nifty lost nearly 375 points. Investors will keep a close eye on retail inflation data for January, which will be out later in the day.
Amid a sell-off in the market, some individual stocks edged higher after Q3 results and announcements, driving positive momentum. Driller Oil & Natural Gas Corp was up 5% as crude oil prices jumped seven times its quarterly profit. Its net profit has seen a manifold increase 8,764 crore in October-December 2021 as compared to 1,258 crore in the year-ago quarter.
Meanwhile, shares of IT giant Tata Consultancy Services (TCS) rose over 2% as the company set February 23, 2022 as its record date. 18,000 crore share buyback, which includes 4 crore equity shares 4,500 per.
Apollo Hospitals is another such buzzing stock that gained nearly 4% in trade in early deals on Monday. Healthcare provider’s consolidated net profit up 81% 243 crore in the third quarter while its total income increased by 3,656 crore from 2,765 crore in the same quarter last year.
Separately, shares of multibagger stock Mirza International rose over 16% today as the company’s consolidated net profit jumped over 173%. 44 crore in the third quarter 16 crore during the previous quarter ended December 2020, on the back of over 54% year-on-year (YoY) growth in its sales 589 crores.
Shares of Sequent Scientific were trading nearly 9% higher in Monday’s deals, though net profit was down 18.5 crore in the quarter ended December while its revenue from operations was almost flat 358 crores.
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