Top gainer: Bajaj Finance 7,114 ▲ 177 (+2.56%)
Top loser: Adani Ports 1,235 ▼ 13 (-1.04%)
Shares of railway companies skyrocketed in the trade amid hopes of a recovery in capital expenditure
Shares of railway companies skyrocketed in the trade amid hopes of a recovery in capital expenditure by the central government and key announcements in the Union Budget 2025. Jupiter Wagons shares were trading over 11% higher at ₹553.70 apiece on the BSE. Shares of Titagarh Rail Systems climbed as much as 9.4% to ₹1,347.80 on the National Stock Exchange (NSE). Indian Railway Finance Corporation (IRFC) stock jumped to 5.4% at ₹165.39 per share.
Shares of food delivery and quick commerce major Swiggy plunged 5% to ₹515.95 apiece
Shares of food delivery and quick commerce major Swiggy plunged 5% to ₹515.95 apiece on the BSE as investors booked profits after the one-month lock-in period for anchor investors expired. Following the lock-in expiry, as many as 6.5 crore shares of Swiggy, or a 3% equity stake in the company, became eligible to trade, opening the doors for the investors to go ahead and sell 50% of their holdings. The lock-in period for the remaining 50% of shares owned by anchor investors ends on February 9.
Shares of Avenue Supermarts fell as much as 3% to ₹3,699.65 apiece
Shares of Avenue Supermarts, the owner of retail chain DMart, fell as much as 3% to ₹3,699.65 apiece on the BSE after Goldman Sachs, in its latest report, reiterated its bearishness on the retail major. According to news reports, the global brokerage firm has said that its competitive moat faces increasing pressure. The brokerage added that DMart does not have any competitive advantage in fresh food categories in urban settings, and large sections of India’s grocery market are not addressable by DMart.