Sensex Ends Flat; Wipro & Hindalco Industries Among Top Nifty Gainers

Foreign portfolio investors (FPIs) also trimmed their stake to 160.7 million shares (18.1% stake) in the Tata Group company in the March quarter against 165 million shares (18.6% stake) in the previous quarter.

LIC of India, however, raised its stake in Titan to 30.5 million (3.9% stake) shares in Q4FY21 against 30.2 million (3.6% stake) shares in Q3FY21.

Mutual funds also increased their holding to 30.9 million (4.4%) shares in the March quarter against 30.7 million shares (4.2%) in the December quarter.

Titan's share price ended the day up by 0.6% on the BSE.

Speaking of the country's largest watchmaker, here's interesting data on Titan...

Even a tiny investment of Rs 1,000 per month in the stock of Titan, since 2002, would have led to mouth-watering returns.

Take a look at how the power of compounding has gone wild here...

Moving on to news from the realty sector, Ashoka Buildcon was among the top buzzing stocks today.

Ashoka Buildcon's share price rallied 11% in today's intra-day session after winning the Gujarat Rail Infrastructure project worth Rs 3.3 billion.

Ashoka Buildcon received a letter of award (LoA) from Gujarat Rail Infrastructure Development Corporation Limited (G-RIDE) for gauge conversion of Bechraji-Ranuj section for a total length of 38.15 kilometers from meter gauge to broad gauge.

The project also includes electrification of the railway line with 25 KV AC electrification. The project falls under the Ahmedabad division of Western Railways, Ashoka Buildcon said in a press release.

Ashoka Buildcon's share price ended the day up by 2% on the BSE.

Moving on to news from the macroeconomic space...

India's Exports Jump 60% in March, Contracted by 7.2% In FY21

India's merchandise exports surged to US$ 34.5 billion, up 60% year-on-year (YoY) in March, on the back of a low base effect in the lockdown-hit corresponding month last year.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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