Business Tips of the Day: Today the shares of Biocon, Gujarat Gas and Lemon Tree Hotels can be filled, know why there can be a boom

New Delhi: There was a huge decline in the domestic stock market on Wednesday. On Thursday, Mahindra CIE Automotive, biopharmaceutical company Biocon, Gujarat Gas, Barbeque-Nation Hospitality, Lemon Tree Hotels, HG Infra Engineering Engineering) and Sharda Energy & Minerals (Sarda Energy & Minerals) shares may accelerate. Mahindra CIE Automotive’s December quarter profit rose 153 per cent to Rs 195 crore. During this period, the company’s revenue also increased by 35 percent to Rs 2,247 crore. Biopharmaceutical company Biocon has paid commercial paper worth Rs 2,250 crore.

The Gujarat government has appointed state chief secretary Raj Kumar as the chairman of Gujarat Gas. UTI Mutual Fund has bought 0.14 per cent stake ie 54,829 equity shares in Barbeque Nation Hospitality from the open market. With this, his stake in the company has increased to 9.1753 per cent. Lemon Tree Hotels has signed a license agreement for a 47-room hotel in Bhopal. The hotel is expected to be commissioned by December 2023. HG Infra Engineering has been declared L1 bidder for a project in Himachal. South Eastern Coalfields has issued a Letter of Acceptance to Sharda Energy & Minerals.

Business Tips of the Day: Keep an eye on Sapphire Foods, LIC Housing Finance and Biocon today, may get good news

Which stocks will remain volatile

According to the momentum indicator MACD, the shares of Coffee Day Enterprises, ITI, Thermax, Tube Investments and Sharda Cropchem may gain momentum on Thursday. On the other hand, ITC, Paytm, Tata Chemicals, Pricol and Havells India are expected to decline.

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market conditions

Domestic stock markets continued to decline for the fourth consecutive trading session on Wednesday. The 30-share Sensex closed at 59,744.98, down 927.74 points. This is the lowest level of Sensex since February 1. The Nifty also closed at a four-month low of 17,554.30, down 272.40 points. 47 Nifty stocks ended in losses. 266 scrips on the BSE fell to a 52-week low. Bajaj Finance, Bajaj Finserv, Reliance Industries, Wipro, HDFC Bank, HDFC Bank, ICICI Bank and Tata Steel were major losers in the Sensex pack. Of the 30 Sensex stocks, only ITC ended in profit.