Indian Market
FII AND DII
| FII Bought | 1,338 Cr |
| DII sold | 583.99 Cr |
Indian market news
- Sensex soars 556 points, Nifty ends around 18,241, while Bajaj Finance and HDFC are the biggest gainers.
- The Nifty 500 is led by General Insurance Corporation, up 18%.
- Dabur’s Q4 net profit drops to Rs 292 crore as revenue increases by 6%.
- BEML gains 9% with a volume increase of nearly five times, and analysts expect the stock to reach Rs. 1,500.
- Following Q4 results, Aavas Financiers falls by 3%.
- To $1,096 million, ArcelorMittal’s Q1 net income fell by more than 73%.
- Rane Engine posts strong Q4 earnings and hits 20% upper circuit.
- Surya Roshni rises over 70% this year and reaches a new high thanks to Q4’s boost.
- Following the receipt of orders worth Rs. 508 crore, Patel Engineering gains 12%.
- Due to a project bid worth Rs. 737 crores, GR Infraprojects is up 3%.
- Tata Power declines ahead of Q4 earnings as losses at Mundra are significant.
- Titan shines as brokerages applaud Q4 figures and jewellery industry expansion.
- After beating expectations for the March quarter, Cholamandalam Investment rose 9%.
Indian market Today
| SENSEX | 555.95 | 0.91% | 61749.25 |
| NIFTY50 | 166.00 | 0.92% | 18255.80 |
| BANK NIFTY | 372.70 | 0.86% | 43685.40 |
INDIAN MARKET MOVERS
|
TOP GAINERS |
TOP LOOSER |
||
| Adani Enterprise | 72.25 3.93% | UPL | -8.30 -1.12% |
| Bajaj Finance | 210.00 3.40% | IndusInd Bank | -11.55 -1.01% |
| SBI Life | 30.55 2.69% | Nestle | -181.95 -0.83% |
| HDFC | 74.30 2.67% | TATA Cons. Prod | -5.90 -0.76% |
| BPCL | 7.55 2.09% | ITC | -2.55 -0.60% |
Bulk deals
- kolte-Patil Developers:Societe Generale-Non ODI purchased 18.45 lakh equity shares in the Pune-based real estate developer kolte-Patil Developers through open market transactions with an average cost of Rs 245 per share. However, at the same price, PGIM India Mutual Fund sold 18.65 lakh of the company’s shares.
- Suryoday Small Finance Bank:- Small Finance Bank of Suryoday: Jhelum Investment Fund In the small finance bank, I sold 5.41 lakh shares for an average price of Rs. 102.09 each.
- Power Mech Projects:- Banyantree Growth Capital II LLC sold 80,000 shares of Power Mech Projects for an average price of Rs. 2,600.5 per share and 1.54 lakh shares at an average price of Rs. 2,600.94 per share, totaling Rs. 60.99 crore.
STOCK IN NEWS
- Petronet LNG: Due to dismal operational results, the liquified natural gas importer had an 18.1% YoY fall in standalone profit for the March FY23 quarter, coming in at Rs 614.25 crore. Revenue during the quarter increased by 24.35% over the equivalent period of the previous fiscal, to Rs 13,874 crore.
- ABB India: Due to the exceptional income from the prior quarter (Q1CY22), the business recorded a 34.3% year-over-year fall in profit at Rs 244.9 crore for the March 2023 quarter.
- Tata Chemicals: The Tata Group firm reported consolidated profit increase of 62% year over year to Rs 709 crore for the March FY23 quarter, powered by robust topline growth and a good operating performance. Consolidated revenue for the quarter was Rs 4,407 crore, up 26.6% from the same period last year.As for Tata Chemicals, With a total revenue of Rs 4,407 crore for the quarter, it increased year over year by 26.6%. Operatingly, EBITDA increased by 47% YoY to Rs 965 crore with a 300 basis point margin expansion at 21.9% in Q4FY23, while input costs decreased by 12% during the same time.
- Dabur India: A further investment of Rs 969 crore (about Rs 608 crore) in Dabur Nepal, a subsidiary of Dabur India in Nepal, has been approved by the Investment Board of Nepal (IBN).
- GR Infraprojects: The business won the L-1 bid for a project in Uttar Pradesh that involves building a 4-lane roadway with paved shoulders. Cost of the project is Rs. 737.2 crore.
- KEC International: The industry leader in infrastructure EPC reported a roughly 36% year-over-year reduction in consolidated profit for the quarter ended March FY23 at Rs 72 crore, as operating profit margin fell 80 basis points to 5.1%. EBITDA climbed by 12% to Rs 283 crore in Q4FY23, while overall sales increased by 29% YoY to Rs 5,525 crore.
- Cholamandalam Investment and Finance Company: For the quarter ended March FY23, the non-banking finance company’s earnings increased by 24.5% year over year to Rs 855.2 crore.
- Sula Vineyards:- The largest wine producer in India, Sula Vineyards, reported a 4.8% year-over-year increase in consolidated profit at Rs. 14.2 crore for the March FY23 quarter, despite a 26 bps YoY decline in profit margin to 11.9%.