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Business News/ Markets / Live Blog/  Market Close Highlights: Sensex closes down 670pts, Nifty at 22,700; Bank, FS, Auto, IT drag, Pharma, Health, Cons. gain
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Market Close Highlights: Sensex closes down 670pts, Nifty at 22,700; Bank, FS, Auto, IT drag, Pharma, Health, Cons. gain

Market Close Highlights : Both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) were net buyers of equities on May 28. FIIs bought equities worth 65.57 crore, while DIIs purchased equities worth 3,231.67 crore, according to provisional data on NSE. 

Market Close Highlights : Companies reporting results on May 29 include Tata Steel, Aadhar Housing Finance, Alkem Laboratories, Cummins India, Emami, Deepak Fertilisers & Petrochemicals Corporation, Bata India, Mazagon Dock Shipbuilders, GMR Airports Infrastructure, Ipca Laboratories, Lemon Tree Hotels, Jubilant Pharmova, Indegene, Samvardhana Motherson International, and Shree Renuka Sugars, among the more than 550 companies that will also announce their quarterly earnings today. (Image: Pixabay)Premium
Market Close Highlights : Companies reporting results on May 29 include Tata Steel, Aadhar Housing Finance, Alkem Laboratories, Cummins India, Emami, Deepak Fertilisers & Petrochemicals Corporation, Bata India, Mazagon Dock Shipbuilders, GMR Airports Infrastructure, Ipca Laboratories, Lemon Tree Hotels, Jubilant Pharmova, Indegene, Samvardhana Motherson International, and Shree Renuka Sugars, among the more than 550 companies that will also announce their quarterly earnings today. (Image: Pixabay)

Market Close Highlights : U.S. government bond yields pushed to a near four-week peak on Wednesday, lifting their global counterparts and pressuring stocks, as data sowed new doubts about the timing and extent of Federal Reserve rate cuts.

Meanwhile, crude oil rose for a fourth day to reach a one-month high amid speculation OPEC will maintain production cuts at a meeting this Sunday and renewed geopolitical tensions.

U.S. yields climbed after consumer confidence data came in stronger than expected on Tuesday, Minneapolis Fed President Neel Kashkari said further rate hikes were still a possibility, and two Treasury auctions were poorly received by investors.

The benchmark 10-year U.S. Treasury yield rose as high as 4.576%, a level not seen since May 3, and was last up 2 basis points at 4.566%. Yields move inversely to prices.

Germany's 10-year bond yield rose to 2.637%, the highest in a month, and was last at 2.609%. Meanwhile, equivalent Japanese yields hit the highest since December 2011 at 1.081% on expectations that the Bank of Japan could soon raise interest rates again.

"These expectations of Fed rate cuts have been pared back," said Aneeka Gupta, director of macroeconomic research at WisdomTree. "Overnight we had Neel Kashkari mention that we still can't take the possibility of a rate hike in 2024 off the table."

The sharp improvement in a U.S. consumer confidence measure for May has kept the market guessing about the strength of the economy and sticky inflationary pressures, which in turn cloud the outlook for the Fed's policy path.

Traders currently put the odds of at least a quarter-point interest rate cut by September at around 44% following the data, from a coin toss a day earlier, according to the CME Group's FedWatch Tool.

European equities opened lower, with the continent-wide STOXX 600 index falling for a second day, by 0.4%. Britain's FTSE 100 was down 0.22% and Germany's DAX was 0.44% lower.

U.S. stock futures were also in the red, with S&P 500 contracts 0.48% down and Nasdaq contracts off by 0.56%.

Gupta said the release of U.S. personal consumption expenditure inflation data on Friday will be an important guide for Fed policy. Economists expect PCE inflation - the Fed's preferred measure - held steady at 2.7% in April from the same level in March.

"If we get a slight slowdown come in on Friday that would definitely cement the possibility of a rate cut coming to fruition for September," Gupta said.

Before that, German inflation data for May is due later on Wednesday ahead of the euro zone-wide reading on Friday.

The dollar rose to a four-week peak of 157.4 yen on Wednesday, boosted by higher U.S. bond yields. It was last up about 0.2% against the euro at $1.0839.

In energy markets, Brent crude oil futures for July delivery rose 0.65% to $84.78 a barrel, the highest since May 1, while U.S. crude futures climbed 0.74% to $80.42.

Oil prices gained more than $1 a barrel on Tuesday on the expectation that OPEC will maintain crude supply curbs at its June 2 meeting, while the start of U.S. summer driving season and Israel's assault on Rafah, next to the Egyptian border, has added to geopolitical tensions.

Mainland Chinese blue chip stocks edged 0.12% higher after the IMF upgraded its economic growth forecasts for the country.

29 May 2024, 03:41:19 PM IST

Sensex Today Live : Closing Bell Wrap

Sensex Today Live : Indian benchmark indices closed in the red for the fourth straight session on Wednesday, as weak signals from global peers weighed down on investors' sentiment.

Sensex, which had opened lower at 74,826.94, remained rangebound between 74,454.55 and 74,986.22 through the day. At close, Sensex was at 74,502.90, down 667.55 points, or 0.89%.

Similary, Nifty, which had opened lower at 22,762.75, treaded water between 22,685.45 and 22,825.50 through the day. At close, Nifty was at 22,704.70, down 183.45 points, or 0.8%.

Six stocks, Power Grid Corp., Nestle India, Sun Pharma, ITC, IndusInd Bank, and Bharti Airtel, out of the 30 on the BSE Sensex closed in the green, while Tech Mahindra, Bajaj Finserv, ICICI Bank, HDFC Bank, and UltraTech Cement, were the top drags for the day.

On the Nifty 50, 13 out of the 50 stocks closed in the green. Hindalco Industries, Divi's Laboratories, Power Grid Corp., Bajaj Auto, and Cipla, were the top performers, while HDFC Life, SBI Life, Tech Mahindra, Tata Consumer Products, and Bajaj Finserv were the top losers.

The broader market closed on a mixed note, with the BSE MidCap down 0.38% and the BSE SmallCap up 0.23%. Meanwhile, across sectors, the bank, financial services, oil & gas and IT indices were the top drags, all three closing down more than 1%, followed by FMCG, auto and consumer durables indices. Among the gainers for the day were pharma, healthcare, metal and media indices.

In corporate news, Alkem Laboratories reported revenue from operations at 2,935.8 crore compared to 2,902.6 crore in the year ago periodm while its net profit stood at 304.5 crore, up 350% YoY compared to 67.7 crore in the year ago period.

Samvardhana Motherson International reported total consolidated Q4 revenue from operations at 25,643.89 crore, compared to 22,516.99 crore in the year ago period, while its profit for the period stood at 633.30 crore, down 9.41% YoY compared to 699.10 crore in the year ago period. The company's board also approved raising 5,000 crore through private placement of redeemable NCD, and declared a dividend of 0.80 per equity share. Shares of the company closed 4.24% higher at 148.

HeidelbergCement reported Q4 revenue from operations at 610.4 crore, marginally down from 615.5 crore in the year ago period, while its Q4 net profit stood at 48.2 crore, a 37.7% YoY increase compared to 35 crore in the year ago period.

29 May 2024, 03:21:19 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Across sectors, the bank, financial services and oil & gas indices were the top drags, all three losing more than 1%, followed by IT, FMCG and consumer durables.

Among the gainers were pharma, healthcare, metal and Media.

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29 May 2024, 03:14:54 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was trading mixed, with the BSE MidCap down 0.28% and the BSE SmallCap up 0.29%. 

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29 May 2024, 03:13:39 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : 13 of the 50 stocks on the Nifty 50 were trading in the green. Hindalco Industries, Power Grid Corp., Nestle India, Divi's Laboratories, and Sun Pharma, were the top gainers, while HDFC Life, SBI Life, Tech Mahindra, Tata Consumer Products, and ICICI Bank were the top losers.

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29 May 2024, 03:10:53 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Six stocks, Power Grid Corp., Nestle India, Sun Pharma, ITC, Bharti Airtel, and IndusInd Bank, out of the 30 on the BSE Sensex were trading in the green, while Tech Mahindra, ICICI Bank, Bajaj Finserv, Axis Bank, and UltraTech Cement, were the top drags. 

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29 May 2024, 03:02:17 PM IST

Sensex Today Live : 3 pm market update

Sensex Today Live : Indian benchmark trading deep in the red on Wednesday, bogged down by weak signals from global peers.

At 3 pm, Sensex was down 624.70 points, or 0.83%, at 74,545.75 and Nifty was down 174.70 points, or 0.76%, at 22,713.45.

29 May 2024, 03:00:37 PM IST

Sensex Today Live : HeidelbergCement post 37.7% YoY increase in Q4 net profit at ₹48.2 crore compared to ₹35 crore in the year ago period; shares up slightly

Sensex Today Live : HeidelbergCement reported Q4 revenue from operations at 610.4 crore, marginally down from 615.5 crore in the year ago period

The company reported a 37.7% YoY increase in Q4 net profit at 48.2 crore compared to 35 crore in the year ago period

29 May 2024, 02:56:09 PM IST

Sensex Today Live : Samvardhana Motherson International posts net consolidated Q4 net profit at ₹633.30 crore, down 9.41% YoY compared to ₹699.10 crore in the year ago period; shares up more than 2%

Sensex Today Live : Samvardhana Motherson International reported total consolidated Q4 revenue from operations at 25,643.89 crore, compared to 22,516.99 crore in the year ago period

Profit before tax stood at 850.90 crore, compared to 952.95 crore in the year ago period

Sensex Today Live : Profit for the period stood at 633.30 crore, compared to 699.10 crore in the year ago period

Company's board approved raising 5,000 crore through private placement of redeemable NCD, and declared a dividend of 0.80 per equity share

29 May 2024, 02:35:39 PM IST

Sensex Today Live : Mint Explainer: Why India's net FDI is at its lowest level since 2007

Sensex Today Live : According to recent data from the Reserve Bank of India, foreign direct investment (FDI) in India has plummeted to its lowest level since 2007. The net FDI for the fiscal year 2023-24 was recorded at $10.6 billion, marking a significant 62.17% drop from the previous year’s $28 billion.

This decline is largely attributed to an increase in repatriation through block deals and disinvestment. From the total gross inflow of $71 billion, over half, approximately $44.4 billion, was repatriated via dividends, share sales, or disinvestment. Additionally, Indians invested another $15.96 billion overseas. (Read the full story here.)

29 May 2024, 02:18:55 PM IST

Sensex Today Live : Alkem Laboratories posts 350% jump in consolidated Q4 net profit at ₹304.5 crore, compared to ₹67.7 crore in the year ago period; shares down

Sensex Today Live : Alkem Laboratories reported revenue from operations at 2,935.8 crore compared to 2,902.6 crore in the year ago period

Net profit stood at 304.5 crore, compared to 67.7 crore in the year ago period

Company recommends final dividend of Rs. 5 per equity share.

29 May 2024, 02:02:16 PM IST

Sensex Today Live : 2 pm market update

Sensex Today Live : Indian benchmark indices were of the day's low, but were still trading in the red on Wednesday, bogged down by weak signals from global peers.

At 2 pm, Sensex was down 504.46 points, or 0.67%, at 74,665.99 and Nifty was down 132.15 points, or 0.58%, at 22,756.

29 May 2024, 01:59:00 PM IST

Sensex Today Live : IPCA Laboratories posts 22% decline in Q4 net profit; shares down

Sensex Today Live : IPCA Laboratories revenues of 2,033 crore, up 34.5% YoY compared to 1,511.6 crore in the year ago period

Net profit declined 22.1% to 59.6 crore compared to 76.5 crore in the year ago period

29 May 2024, 01:26:39 PM IST

Sensex Today Live : India Glycols posts 6% increase in Q4 net profit at ₹42.2 crore; shares down more than 3%

Sensex Today Live : India Glycols reported a 6% increase in Q4 net profit at 42.2 crore, compared to 39.8 crore in the year ago period

Revenue jumped 26.2% to 2,039.1 crore, compared to 1,615.7 crore in the year ago period

29 May 2024, 01:22:58 PM IST

Sensex Today Live : Elara Securities India recommends to 'ACCUMULATE' Sumitomo Chemical

Sensex Today Live : Sumitomo Chemical Rating: ACCUMULATE

Target Price : 472

Upside : 5%

CMP : 449 (as on 28 May 2024)

Per management’s positive outlook, demand from customers seem to have hit a trough in both domestic and export markets. SUMICHEM’s structural growth story – increasing share of parent’s business (manufacturing molecules for the parent, selling generic molecules to affiliate companies and proprietary product launch domestically) – is intact.

We reduce EBITDA and PAT by 2% each for FY25E to factor in continued subdued prices in FY25E and increase it 2% and 4% for FY26E respectively, led by better margin outlook for FY26E. So, we up TP to 472 (from 423), on 40x (37x earlier) FY26E EPS of 11.8 – Reiterate Accumulate.

29 May 2024, 01:19:52 PM IST

Sensex Today Live : Praveen A H, Head Credit at Muthoot Capital Services, resigns citing personal reasons

Sensex Today Live : Muthoot Capital Services today announced that Praveen A H, the company's Head of Credit has resigned citing personal reasons.

29 May 2024, 01:09:56 PM IST

Sensex Today Live : Exicom Tele-Systems shares up more than 7% after company posts 0.5% drop in Q4 net profit at ₹27.5 crore

Sensex Today Live : Exicom Tele-Systems reported a 0.5% drop in Q4 net profit at 27.5 crore, compared to 27.7 crore in the year ago period.

Revenue declined by 13% to 300.9 crore, from 346.2 crore in the year ago period.

29 May 2024, 01:01:33 PM IST

Sensex Today Live : 1 pm market update

Sensex Today Live : Indian benchmark indices were trading lower on Wednesday, bogged down by weak signals from global peers.

At 1 pm, Sensex was down 531.59 points, or 0.71%, at 74,638.86 and Nifty was down 137.25 points, or 0.6%, at 22,750.90.

29 May 2024, 12:53:43 PM IST

Sensex Today Live : HCLTech infuses GenAI into MRO solution to streamline complex asset maintenance processes

Sensex Today Live : HCLTech today said it has added generative AI (GenAI) capabilities to its maintenance, repair and overhaul (MRO) solution, iMRO/4 to help enterprises raise the performance and efficiency of complex, high-value assets in transportation, technology, energy, and aerospace and defense.

The GenAI bot is aimed at streamlining and simplifying service instructions for users and significantly shorten complex asset maintenance processes in SAP S/4HANA.

The company said it will launch a GenAI bot to kickstart the AI integration on iMRO/4.

In the next phase, the GenAI-infused iMRO/4 will enable a comprehensive natural language inspection and repair findings report based on operative data within SAP S/4HANA, the company explained.

29 May 2024, 12:43:21 PM IST

Sensex Today Live : Anand Rathi Research recommends to 'BUY' Electronics Mart

Sensex Today Live : In line with ARe, led by 7.3% SSSG, Electronics Mart’s Q4 revenue growth/ EBITDA margin came at ~15% y/y/7.1%. Better profitability and working capital pushed up the pre-INDAS OCF to 590 million (- 820 million in FY23). The company continued to expand its network, adding 33 MBOs in FY24, incl. six in the NCR.

Management guided to 30+ new stores in FY25, incl. 14 in the NCR. It further guided to a 15% gross margin; the EBITDA margin would be a stable ~7% due to higher investments. Our FY25e/26e revenues are largely unchanged, while EBITDA is 3% lower on average each year.

We are positive regarding the company, given its strong position in the core markets of AP and Telangana, continuous penetration in the NCR, higher cashflow generation and healthy return ratios.

We retain our Buy, at a lower 12-mth 268 TP, 35x FY26e P/E (earlier 279, 33x FY26e P/E).

Risks: Inability to find stores at reasonable rents and relentless pricing by small channel partners on e-commerce portals.

29 May 2024, 12:12:33 PM IST

Sensex Today Live : Amines and Plasticizers shares gain more than 13% after company posts 65% increase in Q4 net profit

Sensex Today Live : The company reported standalone Q4 revenue of 177.08 crore in March 2024, up 7.74% from 164.36 crore in March 2023. The quarterly net profit was 12.92 crore, up 65.91% from 7.78 crore in March 2023. EBITDA stood at 22.13 crore, up 56.95% from 14.10 crore in March 2023.

29 May 2024, 12:11:12 PM IST

Sensex Today Live : MTAR Technologies share down more than 9% after company reports 84% dip in Q4 net profit

Sensex Today Live : The company reported an 84.3% YoY dip in Q4 net profit to 4.87 crore YoY, and revenue slipped by 27.2% to 143 crore.

29 May 2024, 12:10:10 PM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : Across sectors, the Bank and Financial Services indices were the top drags, down more than 1%, while other heavyweight indices like Auto, FMCG, IT, and Oil & Gas were also trading in the red, along with Realty.

Among the gainers were Media, Metal, Pharma, PSU Bank, Healthcare, and Consumer Durables.

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29 May 2024, 12:07:29 PM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was trading mixed, with the BSE SmallCap gaining 0.18% and the BSE MidCap losing 0.33%. 

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29 May 2024, 12:06:21 PM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : 11 of the 50 stocks on the Nifty 50 were trading in the green. Hindalco Industries, Adani Enterprises, Nestle India, Power Grid Corp., and Sun Pharma were the top gainers, while SBI Life, ICICI Bank, HDFC Bank, Bajaj Finserv, and UltraTech Cement, were the top drags. 

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29 May 2024, 12:04:08 PM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : Only four stocks, Sun Pharma, Nestle India, Power Grid Corp., and ITC, out of the 30 on the BSE Sensex were trading in the green, while ICICI Bank, Bajaj Finserv, UltraTech Cement, Axis Bank and HDFC Bank were the top losers. 

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29 May 2024, 12:01:47 PM IST

Sensex Today Live : 12 pm market update

Sensex Today Live : Indian benchmark indices were trading lower on Wednesday, bogged down by weak signals from global peers.

At 12 pm, Sensex was down 580.19 points, or 0.77%, at 74,590.26 and Nifty was down 157.05 points, or 0.69%, at 22,731.10.

29 May 2024, 11:57:51 AM IST

Sensex Today Live : TCPL Packaging shares up more than 4% after company reports 20% YoY jump in Q4 net profit

Sensex Today Live : The company reported a 20.2% YoY jump in Q4 net profit to 29 crore, and revenue rose by 4.7% to 400.5 crore. The board announced a dividend of 22 per share and appointed KK Kanoria as Executive Chairman of the company effective October 1, 2024. The company plans to establish a greenfield facility in Southern India for manufacturing folding cartons.

29 May 2024, 11:51:42 AM IST

Sensex Today Live : Blue Dart expands its EV fleet to 480 vehicles; shares climb more than 2%

Sensex Today Live : Blue Dart today announced that it has expanded its fleet of electric vehicles to 480, on the occasion of World Environment Day

29 May 2024, 11:10:18 AM IST

Sensex Today Live : Adani Enterprises JV AdaniConneX acquires 100% stake in Terravista Developers from group entity Adani Infrastructure Developers for ₹296.11 crore; shares gain

Sensex Today Live : Adani Enterprises today announced that its JV AdaniConneX has acquired a 100% stake in infrastructure development company Terravista Developers from group entity Adani Infrastructure Developers for a consideration of 296.11 crore.

The company said it has acquired to company to leverage the substantial land parcel it holds. In an exchange filing, the company said, "While TDPL is yet to commence commercial activities, it owns a sizeable land parcel and have secured key licenses to commence infrastructure activities, which would give a head start to ACX".

29 May 2024, 11:01:53 AM IST

Sensex Today Live : 11 am market update

Sensex Today Live : Indian benchmark indices were trading lower on Wednesday, bogged down by weak signals from global peers.

At 11 am, Sensex was down 489.98 points, or 0.65%, at 74,680.47 and Nifty was down 143 points, or 0.62%, at 22,745.15.

29 May 2024, 10:39:47 AM IST

Sensex Today Live : Inox Wind Energy Limited (IWEL) says it raised around ₹900 crore through share sale of Inox Wind in a move towards completely deleveraging external debt in the company; shares down 7%

Sensex Today Live : INOXGFL Group today announced that group entity Inox Wind Energy, which is the promoter of Inox Wind Limited, has sold shares worth around 900 crores in the company, with a few to pare down debt in the company.

In an exchange filing, the company said, "INOXGFL Group, one of India’s leading conglomerates, announces the successful conclusion of equity share sale of Inox Wind Limited by its promoter Inox Wind Energy Limited, raising ~ Rs. 900 crores. The transaction was executed via block deals on the stock exchanges and witnessed participation by several marquee institutional investors. Subject to IWL’s Board approval and other requisite regulatory approvals, the funds raised are proposed to be infused into Inox Wind Ltd to pare down Inox Wind's debt and augment the working capital needs of the company thereby strengthening its balance sheet further".

29 May 2024, 10:27:58 AM IST

Sensex Today Live : Suzlon bags new 551.25 MW order from Aditya Birla Group for 175 wind turbines

Sensex Today Live : Suzlon Group today announced a new order win for the development of 551.25 MW wind power project for the Aditya Birla Group.

Suzlon will install 175 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each at sites in the Barmer district in Rajasthan and Bhuj district in Gujarat, the company said in an exchange filing.

This order is for the company's larger rated 3.15 MW, S144‐140m turbines from the 3 MW product series. As part of the agreement, Suzlon will supply the wind turbines (equipment supply) and execute the project, including erection and commissioning, in Rajasthan, while they will supply, supervise, and commission the project in Gujarat, it added.

Suzlon will also undertake comprehensive operations and maintenance services post‐commissioning at both the sites.

29 May 2024, 10:24:52 AM IST

Sensex Today Live : Man Industries gets new orders worth around ₹490 crore to supply pipes to various domestic and international customers; shares down

Sensex Today Live : Man Industries today announced that it has received orders worth around 490 crore to supply various types of pipes to domestic and international customers.

29 May 2024, 10:17:41 AM IST

Sensex Today Live : Sector Indices Heat Map

Sensex Today Live : The Bank, Financial Services, Auto, IT, FMCG, Realty and Oil & Gas indices were trading in the red, while Media, Metal, Pharma, Consumer Durables and Healthcare indices were trading in the green.

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29 May 2024, 10:13:32 AM IST

Sensex Today Live : Broader market indices heat map

Sensex Today Live : The broader market was trading on a mixed note, with the BSE SmallCap index gaining 0.19% and the BSE MidCap index was down 0.24%.

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29 May 2024, 10:11:07 AM IST

Sensex Today Live : Gainers and Losers on Nifty

Sensex Today Live : 39 of the 50 stocks on the Nifty 50 were trading in the red. SBI Life, HDFC Life, UltraTech Cement, Axis Bank, and Mahindra & Mahindra were the top drags, while Power Grid Corp., Adani Enterprises, Hindalco Industries, Sun Pharma, and Coal India, were the top gainers. 

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29 May 2024, 10:05:10 AM IST

Sensex Today Live : Gainers and Losers on Sensex

Sensex Today Live : 19 of 30 stocks on the BSE Sensex were trading in the red. Mahindra & Mahindra, ICICI Bank, HDFC Bank, IndusInd Bank, and UltraTech Cement, were the top drags, while Power Grid Corp., Sun Pharma, Bharti Airtel, Nestle India, and ITC, were the top gainers. 

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29 May 2024, 10:02:23 AM IST

Sensex Today Live : 10 am market update

Sensex Today Live : Indian benchmark indices were trading down on Wednesday, bogged down by weak signals from global peers.

At 10 am, Sensex was down 280.87 points, or 0.37%, at 74,889.58 and Nifty was down 85.40 points, or 0.37%, at 22,802.75.

29 May 2024, 09:53:10 AM IST

Sensex Today Live : Supriya Lifescience shares down more than 4% after company posts 3% decline in Q4 net profit

Sensex Today Live : The company reported standalone Q4 revenue of 158.18 crore in March 2024, up 11.18% from 142.27 crore in March 2023. The quarterly net profit was 36.93 crore, down 3.39% from 38.23 crore in March 2023. EBITDA stood at 57.69 crore, up 1.19% from 57.01 crore in March 2023.

29 May 2024, 09:51:49 AM IST

Sensex Today Live : Hindware Home Innovation shares down more than 7% after company's Q4 net loss widened to ₹27.87 crore, from ₹4.24 crore in the year ago period

Sensex Today Live : The company reported a decrease standalone Q4 revenue at 109.16 crore in March 2024, down 22.31% from 140.50 crore in March 2023. The company's quarterly net loss widened to 27.87 crore, from Rs. 4.24 crore in March 2023. EBITDA stood negative at Rs. 30.41 crore, down 825.78% from Rs. 4.19 crore in March 2023.

29 May 2024, 09:49:50 AM IST

Sensex Today Live : Fineotex Chemical shares down more than 3% even after company posts 120% increase in Q4 net profit

Sensex Today Live : The company reported standalone revenues of 118.47 crore in Q4FY24, up 29.47% YoY from Rs. 91.50 crore in March 2023. The quarterly net profit stood at 32.89 crore, up 119.23% from Rs. 15 crore in the previous year. EBITDA was Rs. 42.24 crore, up 100.76% from Rs. 21.04 crore in March 2023.

29 May 2024, 09:46:44 AM IST

Sensex Today Live : Epack Durable shares down 5% after company reported 16% decline in Q4 net profit

Sensex Today Live : The company reported a 16.5% fall in Q4 net profit to 27.8 crore YoY, and revenue dipped by 17.7% to 525.7 crore.

29 May 2024, 09:44:08 AM IST

Sensex Today Live : ITI shares down more than 2% after company's loss widened to ₹238.8 crore

Sensex Today Live : The company' loss widened to 238.8 crore, with revenue declined by 22.4% to 601.3 crore. EBITDA loss rose to 173.8 crore.

29 May 2024, 09:42:16 AM IST

Sensex Today Live : Engineers India shares down nearly 3% after company posts 40% decline in Q4 net profit

Sensex Today Live : The company reported a 39.3% plunge in profit to 115.5 crore YoY, and revenue fell by 8.5% to 805.1 crore.

29 May 2024, 09:39:20 AM IST

Sensex Today Live : Dynamatic Technologies shares down more than 4% even after company posts three-fold jump in Q4 net profit

Sensex Today Live : The company saw a more than three-fold surge in profit to 57.11 crore YoY. Revenue grew slightly by 0.7% to 370.4 crore, and the company reported an exceptional gain of 44.68 crore.

29 May 2024, 09:37:20 AM IST

Sensex Today Live : PNB Housing Finance shares down nearly 7% after news of ₹500-crore block deal

Sensex Today Live : Two shareholders of the housing finance company have been offered a 2.68% stake in the company, equivalent to 6.96 million shares, reported CNBC-TV18. The shareholders seek nearly 500 crore in share sale.

29 May 2024, 09:35:52 AM IST

Sensex Today Live : Cochin Shipyard shares up more than 2% after bags hybrid service operation vessel from UK-based North Star Shipping

Sensex Today Live : The company announced on Monday that it has secured an additional international order from UK-based North Star Shipping for the construction of hybrid Service Operation Vessels (SOVs) to be deployed at the Scottish Power Renewables East Anglia THREE offshore windfarm off the Suffolk coast. The contract also includes an option for two more vessels. Earlier this year, North Star had contracted another hybrid SOV with CSL.

29 May 2024, 09:34:05 AM IST

Sensex Today Live : IRCTC shares down more than 4% after company posts 2% increase in consolidated net profit

Sensex Today Live : Indian Railway Catering and Tourism Corporation reported a rise of 2% in its consolidated net profit at 284 crore for Q4FY24. The company’s revenue from operations rose by 19% to 1,155 crore.

29 May 2024, 09:29:28 AM IST

Sensex Today Live : Paytm denies reports it is in discussion with Adani Group for a stake sale; shares frozen at 5% upper circuit

Sensex Today Live : Paytm owner One 97 Communications today clarified that the news report about it being in discussion with Gautam Adani-led Adani Group is speculative.

The company, in an exchange filing, said, "We hereby clarify that the above mentioned news item is speculative and the Company is not engaged in any discussions in this regard".

29 May 2024, 09:25:46 AM IST

Sensex Today Live : Gujarat Narmada Valley Fertilisers & Chemicals shares down more than 2% after company reports 61% decline in Q4 net profit

Sensex Today Live : The company reported a 61.3% YoY decline in net profit at 130 crore for Q4. The company’s revenue from operations dipped 7.1% to 2,110 crore.

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