Mid-Day Movers - SBI Cards, Titan, Zee Entertainment and Aurobindo Pharma are up in today’s session
It is the third green day for the Indian markets. At 3:25 pm, the S&P BSE Sensex is trading at 52,532.07, 1.8% up for the day. However, the markets are still trading below March 2022 low which the market broke through last week. All the indices are trading positively today. IT, Oil & Gas, consumer durables, and Realty are the four top gaining sectors for the day.
Aurobindo Pharma, Titan, Zee Entertainment, and SBI Cards are the top-performing stocks among S&P BSE 100 on June 21 2022.
The shares of Aurobindo Pharma are up 4.83% and trading at Rs 534. The company is involved in the business of manufacturing and marketing active pharmaceutical ingredients (API) and generic pharmaceuticals. Last week, the company announced the purchase of a 51% stake in GLS Pharma Ltd. The company has reported a poor set of Q4 results. The company’s revenue was recorded at Rs 5809, a decline of 3.2% on a YOY basis. The company is trading at a low PE of 11x.
Titan company Ltd is trading at Rs 2075 with 5.74% gain in today’s session till now. The company operates in the business of selling watches, Jewellery, and Eyewear products. Titan is the favourite stock of the famous investor Rakesh Jhunjhunwala. In today’s inflationary environment, owning titan stock can be a wise bet. The company has a great track record of sales figures with a growth of 13% CAGR for the last 10 years. Q4 numbers of the company were also decent.
Shares of Zee Entertainment have rallied more than 7% and are currently trading at Rs 222.05. Incorporated in 1982, Zee Entertainment is India’s largest television network. The stock has a large institutional holding. FII and DII investors hold 47.86% and 24.19% stake, respectively.
SBI Card is up 6.4% on the back of positive news regarding the Reserve Bank of India (RBI) banning non-bank institutions to load credit lines into their products. Bank are the ones who will benefit from this regulatory action.
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