Jan 25, 2022
By: Bhakti MakwanaIndian benchmark indices Sensex and Nifty 50 have slipped about 6 percent in the last five days of market meltdown.
Credit: BCCL
Sectors such as metal, information technology, realty and pharmaceuticals witnessed huge sell-off in the last few days. Sectors such as metal, information technology, realty and pharmaceuticals witnessed huge sell-off in the last few days.
Credit: BCCL
Credit: BCCL
The ecommerce platform slipped sharply as investors were disappointed with the declining profitability of the company. Net profits fell 12 percent year-on-year to ₹70.2 crore in the December 2021 quarter.
Credit: BCCL
Meanwhile, Info Edge slipped significantly after its invested companies —online food aggregator Zomato and online insurance distributor PolicyBazaar — saw huge sell-off since listing.
Credit: BCCL
The chemical manufacturing company’s stock is under pressure as its margin in the December quarter was impacted due to high input costs. It is facing a challenging operating environment due to high raw material prices because of heightened utility costs including power and fuel.
Credit: BCCL
Investors are selling the company’s stock after its December quarter earnings were not that great. Its sequential constant currency revenue growth stood at 4.2 percent, below analysts’ estimates of 5-5.2 percent.
Credit: BCCL
The Mumbai-based real estate company is struggling in line with the entire industry that is in a weak trend amid the market sell off. The sector expects an increase in limits for deductions of interest and expanding definition of affordable housing from the union budget.
Credit: BCCL
Investors are selling the Tata Group company’s stock after its net profit fell 7.1 percent sequentially to ₹395 crore in October to December months.
Credit: BCCL