Indian Market
FII AND DII
| FII Bought | 2,123.76 Cr |
| DII Bought | 245.27 Cr |
Indian market news
- Despite market turbulence, Mankind Pharma rises 32% on launch
- TD Power’s sales increased by 10% while its net profit increased by 43% in the quarter.
- US sales and brand agreements will guarantee Dr. Reddy’s success in Q4
- SRF Q4 net profit surpasses forecasts
- Equity ownership by FIIs in smallcap companies reached a 20-quarter high.
- industries decline 18% as investors hurry to take advantage of the previous rally’s gains
- UPL shares fell 2% as the company’s March quarter net profit fell 43%.
- 2% decrease in Canara Bank shares despite a 90% increase in Q4 net earnings
- MGL shares reached a 52-week high thanks to strong Q4 results.
- Carborundum Universal increases 5% as a result of a 24% increase in post-tax profit.
- Raymond’s Q4 net profit fell 26.1% year over year.
Indian market Today
| SENSEX | -2.92 | 0.00% | 61,761.33 |
| NIFTY50 | 1.55 | +0.01% | 18,265.95 |
| BANK NIFTY | -85.85 | -0.20% | 43,198.15 |
INDIAN MARKET MOVERS
|
TOP GAINERS |
TOP LOOSER |
||
| Divis Labs | 96.90 2.95% | UPL | -21.00 -2.94% |
| Coal India | 3.50 1.50% | ITC | -7.65 -1.77% |
| IndusInd Bank | 14.25 1.27% | SBI | –10.10 -1.73% |
| Axis Bank | 9.80 1.12% | Bajaj Finance | -105.70 -1.59% |
| M&M | 13.65 1.11% | JSW Steel | -8.20 -1.12% |
STOCK IN NEWS
- Mahanagar Gas: The natural gas distribution firm had a robust operating performance produce a 56.2% quarter-on-quarter increase in profit to Rs 268.81 crore for the March FY23 quarter. To Rs 1,610.5 crore, revenue decreased by 3.6 percent sequentially, while volumes declined by 1.16%. QoQ
- Andhra Paper: The paper and pulp maker saw a 168% year-over-year increase in profit for the quarter that ended in March FY23, coming in at Rs 153.9 crore. This gain was fueled by strong operating and topline results. Operational revenue increased by 38.55% to Rs 590 crore over the same time last year.
- VIP Industries: The producer of bags and luggage reported a net loss of Rs. 4.3 crore in the March quarter of FY23, compared to a profit of Rs. 12.4 crore in the same quarter previous year.
- Carborundum Universal: The Murugappa Group firm reported a consolidated profit of Rs 137.1 crore for the March FY23 quarter, gaining 140.4% year over year on the strength of its operating and topline results.
- Probably going to list Mankind Pharma today with a double-digit premium
- Market observers predict that Delhi-based Mankind Pharma will list on the bourses on May 9 with a double-digit premium. This is primarily attributable to the robust demand for the initial public offering (IPO) from qualified institutional buyers (QIBs) and favourable market circumstances.
- Q4 revenue for Pidilite Industries increased by 12% to Rs 286 crore. In the fourth quarter that concluded in March 2023, Pidilite Industries Ltd.’s consolidated net profit increased by 12 percent to Rs. 285.86 crore, driven by rising domestic demand and moderated input prices.
- Kansai Nerolac Paints‘ fourth quarter net profit more than doubles to Rs 96 crore. For the fourth quarter that ended in March 2023, Kansai Nerolac Paints Ltd. recorded a consolidated net profit that increased by more than five times, to Rs 96.24 crore. Kansai nerolac Paints Ltd (KNPL) reported the company’s consolidated net profit for the January through March 2016 quarter as being Rs 19.17 crore in a regulatory filing.