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ITC, Lupin, JK Lakshmi Cement and more: Key stocks that moved the most on May 19

ITC, Lupin, JK Lakshmi Cement and more: Key stocks that moved the most on May 19

ITC, Lupin, JK Lakshmi Cement and more: Key stocks that moved the most on May 19
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By CNBCTV18.com May 19, 2022 4:02:45 PM IST (Published)

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SUMMARY

Indian benchmark indices ended today's session in the negative, after the market opened sharply lower following the sell-off in the US and Asian markets. European markets also witnessed heavy selling pressure today. Back home, Nifty50 ended at 15809.40, 430.90 points down, while Sensex closed at 52792.23, 1416.30 points lower. Here are key stocks that moved the most in today's trading session-

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ITC | Shares of ITC Ltd ended 3.5 percent higher after the fast-moving consumer goods company reported an impressive revenue growth in the cigarette business. The company said that it witnessed strong growth across all operating segments despite the impact of COVID.

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Lupin | Shares of Lupin fell fell as much as 9.21 percent in early trade, touching a new 52-week low as the Street expressed its disappointment on account of the company’s shocking loss and margin hit in its fourth quarterly numbers. Its shares closed 6.96 percent lower on the BSE.

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Nifty IT stocks | The Nifty IT index fell the most among sectoral indices on the NSE, down 5.74  percent. Shares of Coforge Limited, Wipro, MindTree, Tech Mahindra, Infosys, HCL Tech, TCS, MphasiS, L&T Technology Services, ended down 5-7 percent.

Manappuram Finance, Manappuram Finance stock, key stocks, key stocks that moved, stock market india
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Manappuram Finance | Shares of Manappuram Finance closed 9.18 percent lower on the BSE after as the company posted a dismal set of quarterly numbers. Following this some brokerage firms slashed their target price on the gold financier’s stock.

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Dr Reddy's Laboratories Limited | The second Nifty50 top gainer, the company's shares closed 0.93 percent higher after it reported a strong set of quarterly earnings on Thursday.

JK Lakshmi Cement, Nifty500 top gainer, key stocks, stocks that moved the most, stock market india
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JK Lakshmi Cement | Among Nifty500's top gainers, the cement company's stock closed 7.25 percent higher.

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