Top gainer: Nestle India 2,350 ▲74 (+3.28%)
Top loser: Wipro 236 ▼10 (-4.23%)
Shares of Mastek were trading 8.73% higher at ₹2,151.95 apiece
Shares of Mastek were trading 8.73% higher at ₹2,151.95 apiece on the BSE. The company is slated to unveil its financial results for the March 2024 quarter (Q4 FY25) on April 18. Shares of jewellery retail chain Senco Gold hit the upper circuit on Wednesday after the company released its fourth-quarter business update. The stock rose 5% to ₹318.25 apiece, its upper circuit mark, on the National Stock Exchange (NSE).
Shares of Transformers and Rectifiers hit their 5% upper circuit limit of ₹518.70 apiece on the NSE
Shares of Transformers and Rectifiers, a leading Indian manufacturer of transformers and reactors, hit their 5% upper circuit limit of ₹518.70 apiece on the NSE on Wednesday, April 9, after the company reported a strong set of numbers for the quarter that ended March 31, 2024 (Q4 FY25). The company on Tuesday said its consolidated net profit more than doubled to ₹94.20 crore in the quarter that ended March 2025. It posted a ₹41.62 crore net profit for the January-March quarter of FY24.
Shares of IT companies were reeling under pressure ahead of TCS’ results announcement
Shares of IT companies were reeling under pressure ahead of TCS’ results announcement. According to news reports, Jefferies, in its latest note on India’s Information Technology (IT) sector, warned that growing uncertainty and a potentially worsening business outlook, especially following the recent tariff announcement, could negatively impact IT demand through at least FY26. The NIFTY IT index was trading 2% lower at 32,578.55. The top losers were Wipro (down nearly 4%), Persistent Systems (down 3.37%), and Coforge (down 2.64%).