Domestic markets continued to decline on Friday with benchmark indices testing crucial support during the session. Fears of inflation and geopolitical tensions were behind investors’ worries. Further, ongoing selling by FIIs and the weak Indian rupee added to their worries.
The 30-share pack Sensex dropped 427.44 points or 0.72 per cent to close at 59,037.18. Its broader peer Nifty50 shed 139.85 points or 0.79 per cent to 17,617.15. The broader markets underperformed benchmark indices as BSE midcap and smallcap indices tanked 2 per cent each.
Let’s have a look at the biggest movers and shakers of Friday’s session:
Supriya Lifescience: The recently listed pharmaceuticals player tanked 18 per cent to Rs 465.80 on the back of profit booking following a strong performance in the December 2021 quarter. Its net profit rose 152.65 per cent YoY to Rs 39.64 crore in Q3FY22.
Zomato: This recent debutant dropped 9 per cent to Rs 113.75 amid valuation concerns and the company’s loss-making nature. The scrip has lost 17 per cent in the last four sessions and even breached its listing price.
Sasken Technologies: The IT player slumped 11 per cent to Rs 1,119.45 after its consolidated net profit fell 19.33 per cent to Rs 30.08 crore in the December 2021 quarter on a sequential basis.
113.75 amid valuation concerns and the company’s loss-making nature. The scrip has lost 17 per cent in the last four sessions and even breached its listing price.
Kesoram Industries: The smallcap cement player dropped 9 per cent to Rs 69.25 on the back of profit booking in the counter following a sharp 31 per cent rise in the scrip in the last month.
RateGain Travel Technologies: The recently listed SaaS player declined 7 per cent to Rs 431.55 amid profit booking on concerns over high valuations of recently listed stocks. The scrip had jumped about 40 per cent in January so far.
Hero Moto: The motorcycle manufacturer rose 7 per cent after its board approved raising stake in Ather Energy. A startup that makes electric scooters and bikes. It already held a significant stake in the startup.