Axis Bank, Varroc Engineering, Ambuja Cements and more: Key stocks that moved the most on April 29
SUMMARY
Indian shares ended Friday's trade at a low following a sharp fall in the last hour of trade. Benchmark indices, BSE Sensex and NSE Nifty50 finished the day 0.8 percent lower. The Sensex drops 460.2 points to end at 57,060.9 and the Nifty50 settles at 17,102.6, down 142.5 points from its previous close. Here are key stocks that moved the most in today's trading session:
By CNBCTV18.com Apr 29, 2022 4:16:10 PM IST (Published)
Ambuja Cements | Despite posting a decent set of quarterly earnings, the stock reacted negatively. Some brokerage firms are concerned about the cement company’s stock being expensively valued while others have highlighted that higher fuel prices could threaten the company’s margin. Ambuja Cements stock closed nearly 3 percent lower.
Axis Bank | The stock succumbed to selling pressure after the quarterly net interest income of the country's fifth-largest lender by market value fell short of Street estimates. Axis Bank shares ended 6.39 percent lower and were the worst hit on Nifty50.
Shriram Transport Finance Company | The non-bank lender's stock ended 5.13 percent higher, reacting to a jump in the company's profit along with improving net interest margin as well as asset quality.
