Mumbai: There is a huge upheaval in the stock market these days. Sensex and Nifty are sometimes in good profits and sometimes losses. Meanwhile, Cafe Coffee Day, a company selling coffee across the country, has created a stir in the market. The company’s shares are continuously trading in upper circuit.
Recently, veteran investor Dolly Khanna has increased its stake in the company, showing confidence in its shares. This is the second consecutive trading day for the shares of the company, when the shares were made up of upper circuit as soon as the market opened on Wednesday.
Earlier, on Tuesday, the company’s stock imposed an upper circuit of 10 percent, causing it to reach Rs 37.25 from Rs 33.84 to Monday. At the same time, today it opened at Rs 39.48 from the previous closed price and reached Rs 39.96 with an upper circuit of 9.99 percent. The maximum price of the company’s stock was Rs 54.44 and the minimum price of Rs 21.28.
The continuous growth in the stock has also affected the company’s market capitalization, which has now increased to Rs 842.05 crore. Along with this, the company’s deficit is also decreasing. According to the results of the March quarter, the consolidated net deficit has come down from Rs 296.40 crore in the same quarter of the previous year to Rs 114.16 crore this time.
The domestic stock market saw some stability in the domestic stock market. On Wednesday, both major index closed with an edge. The 30 -share Sensex of BSE closed up 64 points, while the Nifty recorded a marginal increase of 16 points. Investors stayed somewhat away from the market due to weak trend and duty uncertainties in global markets.
The BSE Sensex, representing 30 major companies, rose in the second consecutive day and closed 63.57 points (0.08 percent) to close at 82,634.48 points. During the trading, the Sensex achieved a height of 82,784.75 points, while its low level was 82,342.94 points. At the same time, NSE Nifty closed at 25,212.05 points with a slight increase of 16.25 points (0.06 percent).
The major benefits of the Sensex included Mahindra & Mahindra, Tech Mahindra, State Bank of India, Infosys, Adani Ports and ITC. At the same time, the major shares in loss were the Internal (East Zomato), Sun Pharma, Tata Steel, Tata Motors, Bajaj Finance and Bharat Electronics.
(With agency input)
