Published On: Thursday, May 19, 2022 | By: Team KnowMyStock
All sectors suffered losses with IT, Metals, Realty, and PSB indices on the Nifty cracking 3 per cent each. Other top losers included Media, financials, banks, and auto. FMCG pack was the least affected, down 0.5 per cent.
Among stocks, Manappuram Finance slipped 9 per cent on weak Q4 results. The company reported a 44 per cent decline in its net profit for the March quarter to Rs 261 crore. Revenue fell 9 per cent year-on-year to Rs 1480 crore.
Ratnamani Metals gained 3 per cent after the company's board approved a bonus share issue in the ratio of 1 for 2 held. The firm also recommended a dividend of Rs 14 a share for the fiscal year 2022.
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