JM Financial beat market expectations on both top-line and bottom-line fronts. The Company reported a 34% increase in total income and a 26.4% increase in earnings per share. The stock saw huge buying interest after the results were announced. JM Financial scaled a new high and closed 8.8% higher amid huge buying interest.
The festive week started off on an encouraging note as positive investor sentiment pushed the Indian market to new highs. With Nifty going past its previous high of 10178.95 and closing above it, the Indian market is now back in a Confirmed Uptrend.
Adani Transmission saw huge buying interest this week after Reliance Infrastructure made public that it will consider selling its Mumbai power business to Adani Transmission. The stock jumped 28.4% on massive volumes.
Rain Industries broke the 200 price barrier in today’s session, as the stock rallied 9.5% on massive volumes. The stock extended its year-to-date gains to 275%.
Gujarat Alkalies and Chemicals continued its upward momentum, as the stock surged 14% on massive volumes today. The stock has advanced over 50% after breaking out of a cup-with-handle base pattern last month.
