Skip to main content

Posts

Showing posts from March, 2022

Fundamentals remain robust: Paytm tells BSE after shares plunge

The shares of Paytm have witnessed a steep fall this month, declining nearly 32 per cent to Rs 543.90 apiece on the BSE as of Tuesday. One 97 Communications, the parent company of payments platform Paytm, on Wednesday, said their business fundamentals remain robust and there is no information/announcement which may have a bearing on the price/volume behaviour of the stock which is yet to be disclosed to the bourses. The shares of Paytm have witnessed a steep fall this month, declining nearly 32 per cent to Rs 543.90 apiece on the BSE as of Tuesday. It further declared that the company has made all necessary disclosures to the stock exchanges within the stipulated timeline. In a filing to the BSE, the company said, “We would like to reiterate that the company is committed to comply with the Listing Regulations and any information/ announcement, likely to have bearing on the price/ volume of the shares of the Company would be disclosed, from time to time, to the Stock Exchanges within s...

Sensex ends 697 pts higher, Nifty settles above 17300; Tech Mahindra top gainer

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Bulls staged a comeback on Dalal Street in a highly volatile session. After swinging between gains and losses, benchmark indices ended higher with Nifty above 17,300, led by auto, bank, IT, oil & gas stocks. BSE Sensex ended 696.81 points or 1.22% higher at 57,989.30, and the Nifty 50 was up 197.90 points or 1.16% at 17,315.50. Bank Nifty settled 330 points or 0.92% up at 36,348. Among sectors IT, Auto, Bank and Oil & Gas indices rose 1 percent each, while Realty index was down 1 percent. The BSE midcap and smallcap indices ended on flat note. Tech Mahindra, BPCL, Tata Motors, Reliance Industries and IOC were among the top Nifty gainers, while losers were HUL, Nestle India, Britannia Industries, Cipla and Divis Lab. BSE FMCG shares under pressure; HUL, Nestle slide top losers Shares of fast moving consumer goods (FMCG) companies were under pressure with most of the frontline stocks down up to 4 per cent on growth co...