Indian Stocks Trade Strong on Tuesday
Indian Stocks remained strong for the trading session on Tuesday. Major gainers in today's session were Mahindra & Mahindra, ONGC, Bajaj Auto and Hindalco.
Cement counters led by UltraTechCement, ACC, Ambuja Cements and Grasim were trading higher. Among major losers were BPCL, HCL Tech, NMDC and Hero Motocorp.
Crompton Greaves declined 4.5 percent in today's session as the company announced quarterly results. The 6.5 percent growth in year-on-year net profit was below street expectations.
Tata Chemicals registered 133 percent increase in net profit at Rs 175 crore for first quarter. The company managed to grow the sales by 16 percent during the quarter.
SRF was the star performer of the day after the company declared 127 percent increase in first quarter net profit. The stock was trading with gain of 20 percent.