Indian Market
FII AND DII
| FII Bought | 1997.35 Cr |
| DII Bought | 394.05 Cr |
Indian market news
- Sensex declines 160 points as Nifty finishes at 18,090; big losers include Bharti Airtel and Tech Mahindra.
- Rupee ends the day slightly higher vs the US currency.
- On the Yusuf bin Ahmed Kanoo Company agreement, Thomas Cook increased by 2%.
- DLF Home Developers places a Rs. 744.68 billion order with Ahluwalia Contracts.
- As the board considers a bonus issue, shares of Bhansali Engineering Polymers increase by 11%.
- JSW Steel USA will contribute $145 million to improving production processes.
- Indiabulls Housing Finance will divest all of its MF business holdings.
- Vedanta pledges 8.05 crore shares (1.91 percent ownership) in Hind Zinc on April 28.
- On Wednesday, Hindustan Aeronautics became the first company to reach a $1 trillion market worth.
- After a significant block trade, Kolte Patil gains 5%.
- CEO: Go First’s owner has no plans to leave the airline.
- Ambuja Cements’s Q4 net profit increased by 1.6%.
- 60% YoY lower Adani Wilmar Q4 PAT at Rs. 94 crore
- 12% decline in Manappuram Finance on rumours of ED raids at many locations
- With the acquisition of the ESG loan and record Q4 earnings, Gravita sets a new high.
- As a result of Go First’s bankruptcy, InterGlobe Aviation experiences a surge in business.
- Anupam Rasayan reaches a record high thanks to strong Q4 earnings.
- A 11% decline in Q4 profits causes Astec LifeSciences to fall.
- Shares of SpiceJet soar on plans to borrow Rs 400 crore to repair 25 aircraft
- According to Axis Bank, there are no outstanding balances from Go Air.
- Alkermes and Datamatics collaborate to create drugs for the domains of neuroscience and oncology.
Indian market Today
| SENSEX | -161.41 | -0.26% | 61193.30 |
| NIFTY50 | -57.90 | -0.32% | 18089.80 |
| BANK NIFTY | 39.40 | -0.09% | 43312.70 |
INDIAN MARKET MOVERS
|
TOP GAINERS |
TOP LOOSER |
||
|
HUL |
35.60 1.45% |
Adani Enterprise |
-80.85 -4.21% |
|
Asian Paints |
31.30 1.08 % |
ONGC |
-3.10 -1.89% |
|
Tata Motors |
3.60 0.75% |
Adani Ports |
-11.60 -1.70% |
|
ITC |
3.05 0.72% |
UPL |
-12.25 -1.63% |
|
UltraTechCement |
49.40 0.66% |
Bharti Airtel |
-10.90 -1.38 % |
STOCK IN NEWS
- Solar Industries announces Q4 profits. Net profit increased by 22.6% to Rs 206 billion from Rs 168 billion (year over year). Revenue increased by 46.5% to Rs 1,928.5 billion from Rs 1,316.8 billion (year over year).
- Rane Brake Q4 (YoY) – Profit down 8.4% at Rs 12 crore from Rs 13.1 crore – Revenue up 6.9% to Rs 164.9 crore from Rs 154.3 crore – EBITDA up 4.2% to Rs 20.1 crore from Rs 19.3 crore – Margin at 12.2% from 12.5 percent
- When Titan Company Ltd. releases its results for the March quarter today, it is anticipated to show a year-over-year increase in its standalone profit after tax (PAT) of 50% at Rs 737 crore.
- On May 2, Ambuja Cements declared a standalone profit of Rs 502.4 crore for the quarter ended in March FY23, an increase of 1.6 percent over the same quarter last year. This gain was driven by topline and other income. However, due to subpar operating results and restructuring expenses (Rs 80.71 crore), the profitability was negatively impacted.
- Godrej Properties Q4 (YoY): Net profit increased by 58.2% to Rs 412.1 crore from Rs 260.5 crore; revenue increased by 23.7% to Rs 1,646.3 crore from Rs 1,330.6 crore; EBITDA increased by 34.1% to Rs 346 crore from Rs 258 crore; and margin increased to 21% from 19.4%.
- MRF Q4 (YoY): Net profit increased from Rs 157 to Rs 410.7; revenue increased from Rs 5,200.3 to Rs 5,725.4; EBITDA increased by 59.8% from Rs 527.6 to Rs 843.1; and margin increased from 10.2% to 14.7%. -Board advises paying a final dividend of Rs. 169 per share.
- Havells India‘s 4Q Net Profit was 362 vs. 372 crores. According to Bloomberg, revenue increased from 4812 to 4850 crore rupees. Bloomberg projects; Rs. 4,410 crore in total, an 11% YoY increase: Additional Income of Rs. 46.81 billion, up 6% YoY: Dividend per share of Rs 4.50
- Jyothy Labs Net profit decreased from 66.15 crore to 59.03 crore. Bloomberg projects Revenue of Rs. 617 crore as opposed to Rs. 625 crore. Bloomberg projects a total cost of Rs. 541 crore, an increase of 6.1%. YoY EBITDA decreased from 91.65 to 91.30 crore. Bloomberg pegs the Dividend as Rs. 3 per share.
- Astec LifeSciences; In Q4 of FY23, the company’s sales plunged by 53% YoY to Rs 127 crore. In contrast to the net profit of Rs. 43 crore declared a year before, it reported a loss of Rs. 5 crore. Operating margin decreased from 24 to 4.3 percent.
- Fino Payments Bank; The company’s overall sales climbed by 13% YoY to Rs 323 crore, while its net profit increased by 25% YoY to Rs 22 crore. On an annual basis, the total deposits for the quarter increased by 66 percent to Rs 1,200 crore.