The first trading session of 2022 concluded on a positive note propelled by increased buying interest from foreign investors and a significant rise in auto sales. Both Sensex and Nifty jumped over 1.5% and closed at 59,183.22 and 17,625.70, respectively.
Let’s take a look at 10 Indian stocks that moved up significantly on 3 January 2022.
- Solara Active
Solara Active stock was the second-biggest gainer of the ‘A’ group. It has registered an impressive 7.45% gain on NSE and 6.90% on BSE. Solara stock closed at Rs. 1,095 per share on NSE while on the BSE, it closed green at Rs. 1,090.15.
- Coal India
State-owned Coal India reported a jump in its production by 3.25% year-over-year in December 2021 to reach 60.2 MT. Coal India stock rose 6.37% on NSE closing at Rs. 155.35 a share. On the BSE, this stock registered a gain of 6.33% to close at Rs. 155.30.
- SML Isuzu
Vehicle manufacturer SML Isuzu shares gained 6.97% on the NSE while closing in green at Rs. 680.10. On the Bombay Stock Exchange, the stock witnessed a 7.31% rise and closed at Rs. 681.55. The company sold 701 vehicles in December 2021, which is a 38% year-over-year jump.
- Edelweiss Financial Services
According to the official website of Edelweiss, the company has managed to raise more than Rs. 4,500 million via issuance of NCDs. Shares of Edelweiss gained 5.42% on NSE closing at Rs. 75.90 while on BSE, shares registered a gain of 4.94%.
- Tata Motors
Tata Motors stock gained 3.13% on the BSE, while on NSE, it saw a decent 4.99% gain. Shares of Tata Motors closed at Rs. 497.45 on the BSE and Rs. 496.80 on the NSE. Tata Motors registered a massive 50% year-over-year jump in sales from December 2020 to December 2021 in both domestic and international markets.
Food delivery platform Zomato saw a huge spike in delivery orders on the occasion of New Year amidst renewed COVID-19 scare. Zomato stock gained 2.84% and 2.73% respectively on the BSE and NSE, respectively. Share prices on the BSE closed at Rs. 141.35 while on the NSE, it closed at Rs. 141.15.
- Stove Kraft
Shares of Stove Kraft saw a 3% jump in its share price on the first trading session of the year. This rise took place as the company approved an MoU (Memorandum of Understanding) with METSMITH Innovations Private Limited to buy fixed assets of Rs. 82.67 lakhs.
- L&T Technology Services
L&T Technology Services, shares of the company moved up by 2.35% on the BSE and closed at Rs. 5,730.75. On the NSE, however, LTTS shares closed in green at Rs. 5,729.
- Maruti Suzuki
Maruti Suzuki shares traded at Rs. 7,529.95 on the NSE, registering a gain of 1.39%. This stock saw a 1.25% gain on BSE as it closed at Rs. 7,519.70.
- UPL Limited
UPL Limited is known for manufacturing crop protection products providing sustainable agricultural solutions. On 31 December 2021, it declared that it had obtained the second tranche of $700 million loans with a lowering of interest cost by 35bps. UPL shares closed at Rs. 764.50 on BSE, signifying a 2.34% gain, with a 2.26% gain on the NSE.
The stocks mentioned above have created a buzz among investors on the very first day of trading at the domestic equity market this year.
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Frequently Asked Questions
- How much did BSE Sensex climb at the closing time of 3 January 2022?
BSE Sensex jumped 929.40 points on the first trading day of the year.
- How much did Bank Nifty move up on 3 January 2022?
Bank Nifty increased by 940.20 points which is a 2.65% jump and ended at 36,421.90.
- Which stock from the banking sector made significant gains on the stock market?
Fino Payments Bank made considerable gains on the stock market as it received RBI approval for international remittances.
Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.