Multibagger Stock: In the domestic stock market on Monday, there was the biggest fall in any single day in almost two months. The BSE Sensex plunged 1,546 points to fall below the 58,000-mark on an all-out selloff in the domestic market amid a weak global trend.
The BSE Sensex started with a fall and at one time it had fallen more than 2,050 points to the level of 56,984 points due to selling pressure. But later there was some improvement in it and in the end it closed at 57,491.51 with a fall of 1,545.67 points or 2.62 percent. Similarly, the Nifty of the National Stock Exchange closed at 17,149.10 with a dive of 468.05 points or 2.66 percent.
This is the biggest fall in the Sensex and Nifty in a single day since November 26 last year. This is the fifth consecutive trading session when the market has come down. We are going to tell you which stocks you have to keep an eye on on Tuesday (January 25):-
Adani Enterprises: In Monday’s trading session, the stock of Adani Enterprises has fallen by more than 6 percent. The Adani Group is planning to invest over Rs 4,600 crore in two data center projects in Uttar Pradesh. In Noida Sector 62 and 80, the total cost of two data centers is Rs 4,646 crore.
Exide Industries: Exide Industries Limited (EIL) through subscription of equity share capital of its subsidiary, “Exide Leclanche Energy Private Limited” (Joint Venture Company) has made an investment of approximately Rs.20 crores, and as a result, its total joint venture company The equity shareholding increased by 0.9 per cent to 84.90 per cent. Equity shares were acquired by EIL at Rs 21 per share with a premium of Rs 11 per share. Shares of Exide Industries fell 2.73 per cent on Monday.
Reliance Industries: Share price of Reliance Industries (RIL), which reported a healthy number for the December quarter, slipped in the red after opening higher in the morning session on Monday following weak market conditions. Mukesh Ambani-led Reliance Industries reported a net profit of Rs 20,539 crore in the third quarter of 2021-22, up 37.9 per cent year-on-year as all business verticals saw strong growth, oil-to-chemical (O2C). The stock closed with a decline of 4.43 per cent on Monday and is likely to remain in focus on Tuesday.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)
Government Schemes: These post office schemes will double your money in just a few years, know details
Mutual Fund: You can create crores of rupees in 15 years, know what you have to do