Stock Market Update: 3 Most Active Equities Today, Upto 15% 5-Days Gain: Reasons Behind Surge

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Personal Finance
oi-Kuntala Sarkar
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Published: Thursday, July 21, 2022, 22:11 [IST]

The Indian equity markets remain green today on July 21. Nifty Closed at 16,605.25 points with a 0.51% gain, and Sensex closed at 55,681.95 points with a 0.51% gain. Here, the three most active equities have been enlisted for investment.

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Indusind Bank Ltd

The current market price of Indusind Bank Ltd. closed at Rs. 950.50/share on NSE, gaining marginally by 8.10%, on July 21. In the last 5 days the share price of this company has sharply surged by 15.24% on NSE, in the last 1 month its share price has gained by 22.23%. However, in the last 1 year, it has fallen by 4.20%. The 52-week high level of this stock is Rs. 1,242, and the 52-week-low level of this stock is Rs. 763.20.

It is a large-cap stock with a market capitalization of Rs. 73,487 crore. The bank is now giving a dividend of Rs. 8.5 per share, and its ex-dividend date will be August 11, 2022. Additionally, it has reported a 60% YoY gain in its net profit, so its share price is rising. Motilal Oswal recommends buying the stocks with a target price of Rs. 1300.

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Samvardhana Motherson International Ltd.

The current market price of Samvardhana Motherson closed at Rs. 134.80/share on NSE, gaining marginally by 6.52%, on July 21. In the last 5 days the share price of this company has sharply surged by 13.09% on NSE, in the last 1 month its share price has gained by 16.61%. However, in the last 1 year, it has fallen by 43.16%. The 52-week high level of this stock is Rs. 257.80, and the 52-week-low level of this stock is Rs. 112.

It is a large-cap stock with a market capitalization of Rs. 60,739 crore. Last month the company reported a 10% YoY gain in revenues to Rs. 1,662 crore in Q4 FY22. After a de-merger, Motherson Sumi Systems Limited has been changed to Samvardhana Motherson International Ltd. now. The stock is now trading at a near 52-week low, expecting high returns, now the volumes are also gaining. It has been one of the most active equities today.

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Bharat Heavy Electricals Ltd.

The current market price of Bharat Heavy Electricals closed at Rs. 53.80/share on NSE, gaining marginally by 6.01%, on July 21. In the last 5 days the share price of this company has sharply surged by 9.57% on NSE, in the last 1 month its share price has gained by 23.25%. However, in the last 1 year, it has fallen by 16.65%. The 52-week high level of this stock is Rs. 80.35, and the 52-week-low level of this stock is Rs. 41.40.

It is a mid-cap stock with a market capitalization of Rs. 18,612 crore. However, Bharat Heavy Electricals had Rs. 47.5b of debt, in March 2022, according to an available report. In a recent article simplywall.st mentioned, “It is clearly positive to see that it has net cash of Rs. 24.1b. The cherry on top was that it converted 116% of that EBIT to free cash flow, bringing in Rs. 4.9b. So although we see some areas for improvement, we’re not too worried about Bharat Heavy Electricals’s balance sheet.”

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Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage firm are not liable for any losses caused as a result of decisions based on the article. This article only incorporates the recent stock-related information about the companies.

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Story first published: Thursday, July 21, 2022, 22:11 [IST]

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