While Jubilant Food Works and Nykaa's parent company, FSN E Comm Ventures, stood at the top of the gainers' list today, the losers mostly included banks that contributed to a major downside on the Nifty PSU Index today
Jubilant Foodworks' shares rose for the 4th consecutive day, gaining 11%, after reporting a 56% YoY growth in Q3 revenue to Rs 2,156 crore, driven by strong performance of its Domino's Pizza franchise.
Easy Trip Planners' shares surged 17% after former CEO and promoter Nishant Pitti confirmed on X that there would be no further sale of promoter stake, reassuring investors.
Titan Company's shares jumped over 2%, becoming the top Nifty 50 gainer, following a 24% YoY growth for the December quarter. The company expanded its retail network by 69 stores to 3,240.
SBI Cards and Payment Services rose up to 5% after Nomura and Nuvama upgraded the stock to 'buy,' raising target prices to Rs 825 and Rs 850, signaling an upside potential of 8.5% to 12%.
FSN E-Commerce Ventures, parent of Nykaa, saw a 4% rise in share price after reporting a December quarter update. The company expects net revenue growth above "mid-twenties," despite subdued demand.
Union Bank of India's shares dropped 7% after reporting the weakest December quarter update among lenders. Deposits grew 4% YoY to Rs 12.2 lakh crore in Q3FY25 but fell 2% QoQ.
Kotak Mahindra Bank's shares fell over 3% after the resignation of COO and CTO Milind Nagnur due to personal reasons. Nomura noted the exit contributed to the recent turnover in the bank's top management.
Dabur India's shares tumbled after the company reported inflationary pressures in some segments for Q3, with a forecast of flattish operating profit growth for the October-December period.
ITC Ltd shares price was discovered at Rs 455.6 each, down 5.6 percent or Rs 27 from the previous session's closing price, following the special pre-open session for price discovery, as the hotels arm spins off from cigarettes-to-FMCG conglomerate.
JSW Energy’s shares faced selling pressure after the Central Electricity Regulatory Commission (CERC) rejected its proposed tariff for a battery storage project with SECI, citing it was higher than recent auction rates.