1 month ago
Stocks Making Biggest Moves Midday: MTAR, Waaree, Redington, KPIT
On July 30, the Indian stock market stayed mostly flat, but some companies’ shares moved a lot.
MTAR Technologies’ shares went up 5% after it earned a lot more money.
Redington’s shares jumped over 18% because it made a record profit.
KPIT Technologies’ shares fell about 8% because its earnings were lower than expected.
Waaree Energies’ shares fell more than 6% because its profit margins were under pressure.
Investors were watching these companies closely to see how they performed in the last quarter.
Nifty 50 and BSE Sensex remained largely steady around 24,281 and 77,755 respectively.
MTAR Technologies shares jumped 5% after reporting 364.5% YoY profit rise to Rs 50.22 crore.
Redington shares surged over 18% following record quarterly revenue of Rs 34,922 crore and 77% profit increase.
KPIT Technologies shares fell nearly 8% after earnings missed expectations, with revenue down 2% sequentially.
Waaree Energies shares fell over 6% amid margin pressure despite 14% profit growth to Rs 850 crore.
- Who
- Indian equity investors and listed companies
- What
- Midday market moves driven by earnings reports and fresh listings
- Where
- Indian domestic equity market (Nifty 50, BSE Sensex)
- When
- July 30, 2024
- Why
- Earnings reports and new listings caused stock price changes
Key facts
- Nifty 50 level
- 24,281
- BSE Sensex level
- 77,755
- MTAR Technologies profit
- Rs 50.22 crore
- Redington profit
- Rs 486 crore
- KPIT Technologies profit
- Rs 117 crore
- Waaree Energies profit
- Rs 850 crore









