Stock market finished on a weak note for a sixth consecutive day. BSE Sensex finished down by 284 points (0.9%) and NSE Nifty finished lower by 95 points(0.8%).
Voltas and V Mart retail are the top gainers in Wednesday’s session.
The early onset of summer, hike the prices of AC manufacturers. The launch of inverter window air conditioners and potential benefits arising from budget proposals drive Voltas shares in top line, continue until summer.
Bluestar shares are less bullish when compared to Voltas due to their investments in water purifier business.
V mart retail has hit their record high up to 11% in intraday trade. V mart retail have a sharp run-up in stock prices.
Stock rose as much as 7.5% to Rs.1,970 in Wednesday’s session, remains with a four year growth history and strong returns associated with execution risk.
Trading volume was 4.7 times by 20 day average and it has a target price of Rs.2,080 in upcoming days.