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Stock Market Today: Nifty Closes Below 22,000; Sensex Adds Over 400 Points

Stock Market Today: Nifty Closes Below 22,000; Sensex Adds Over 400 Points
NSE headquarters in Mumbai. (Source: Vijay Sartape/NDTV Profit)
2 years ago
The Nifty closed 156.35 points or 0.72% higher at 21,853.80 while the Sensex closed 440.34 points or 0.6% higher at 72,085.63.

The market breadth was skewed in favour of the buyers. About 2,040 stocks rose, 1,805 declined, and 98 remained unchanged on the BSE.

  • Revenue up 17.9% at Rs 940.1 crore vs Rs 797.7 crore

  • EBITDA up 42.8% at Rs 542.4 crore vs Rs 313.9 crore

  • Margin at 57.7% vs 39.4%

  • Net profit at Rs 253.6 crore vs Rs 116.4 crore

  • Revenue up 3% at Rs 867.6 crore vs Rs 842.2 crore

  • EBITDA up 42.8% at Rs 50.05 crore vs Rs 49.74 crore

  • Margin at 5.8% vs 5.9%

  • Net profit at Rs 63.35 crore vs Rs 16.12 crore

  • Revenue at Rs 937.4 crore vs Rs 883.7 crore, up 6.1%

  • Ebitda at Rs 106 crore vs Rs 128.6 crore, down 17.6%

  • Margin at 11.3% vs 14.55%, down 324 bps

  • Net profit at Rs 62.66 crore vs Rs 82.35 crore, down 23.9%

  • 13.3 lakh shares changed hands in a large trade

  • 0.01% equity changed hands at Rs 164.6 apiece

  • Buyers and sellers not known immediately

  • Source: Bloomberg

  • Revenue up 22.9% at Rs 624.2 crore vs Rs 507.7 crore

  • EBITDA up 42.8% at Rs 74.97 crore vs Rs 55.08 crore

  • Margin up 116 bps at 12% vs 10.8%

  • Net profit up 15% at Rs 45.99 crore vs Rs 39.99 crore

  • 10.2 lakh shares changed hands in a large trade

  • 0.01% equity changed hands at Rs 49.85 apiece

  • Buyers and sellers not known immediately

  • Source: Bloomberg

  • Net profit down 86% at Rs 3.05 crore vs Rs 21.7 crore YoY

  • Gross NPA at 4.81% vs 5.36% QoQ

  • Net NPA at 1.27% vs 1.29% QoQ

  • NII down 10% at Rs 114 crore vs Rs 126.9 crore YoY

Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.

  • Revenue at Rs 1548.2 crore vs Rs 1600.5 crore, down 3.27%

  • Ebitda at Rs 232.03 crore vs Rs 241.25 crore, down 3.83%

  • Margin at 14.98% vs 15.07%

  • Net profit at Rs 105.3 crore vs Rs 129.7 crore, down 18.81%

  • Revenue at Rs 1,367.25 crore vs Rs 1,403 crore, down 2.6%

  • Ebitda at Rs 201.3 crore vs Rs 196.3 crore, up 2.5%

  • Margin at 14.72% vs 13.98%, up 73 bps

  • Net profit at Rs 129.4 crore vs Rs 118.1 crore, up 9.6%

  • Revenue at Rs 2732 crore vs Rs 2491 crore, up 9.7%

  • Ebitda at Rs 869 crore vs Rs 724 crore, up 20.1%

  • Margin at 31.8% vs 29.06%, up 274 bps

  • Net profit at Rs 443 crore vs Rs 292 crore, up 51.7%

  • Revenue up 5.7% at Rs 929.94 crore vs Rs 880 crore

  • EBITDA up 42.8% at Rs 410.2 crore vs Rs 399.4 crore

  • Margin down 127 bps at 44.1% vs 45.4%

  • Net profit up 28.2% at Rs 465 crore vs Rs 362.8 crore

  • Revenue up 5.41% at Rs 634.8 crore vs Rs 602.2 crore

  • Ebitda up 15.66% at Rs 105.05 crore vs Rs 90.82 crore

  • Margin at 16.54% vs 15.08%

  • Net profit at Rs 10.53 crore vs loss of Rs 13.71 crore

  • Revenue up 17.9% at Rs 1535.7 crore vs Rs 1302.5 crore

  • Ebitda up 42.58% at Rs 62.78 crore vs Rs 44.02 crore

  • Margin at 4.08% vs 3.37%

  • Net profit up 11.98% at Rs 29.9 crore vs Rs 26.7 crore

  • Revenue at Rs 322.1 crore vs Rs 388.4 crore, down 17.1%

  • Ebitda at Rs 59.7 crore vs Rs 69.6 crore, down 14.3%

  • Margin at 18.52% vs 17.91%

  • Net profit at Rs 33.4 crore vs Rs 45.7crore, down 26.9%

  • Revenue at Rs 142.6 crore vs Rs 144 crore, down 1%

  • Ebitda at Rs 9.4 crore vs Rs 13.8 crore, down 32.1%

  • Margin at 6.58% vs 9.59%, down 301 bps

  • Net profit at Rs 11.1 crore vs Rs 38.2 crore, down 70.9%

FPIs Sucked Out Rs 25,000 Crore From Indian Equities In January, Highest In One Year

  • 13 lakh shares changed hands in a large trade

  • 0.2% equity changed hands at Rs 304.95 apiece

  • Buyers and sellers not known immediately

  • Source: Bloomberg

  • 12.2 lakh shares changed hands in a large trade

  • 0.04% equity changed hands at Rs 173.85 apiece

  • Buyers and sellers not known immediately

  • Source: Bloomberg

Project delayed due to lack of infrastructure

Source: Exchange Filing

  • Revenue down 10.2% to Rs1,873.4 crore from Rs 2,086.7 crore

  • Ebitda fell 42.8% to Rs 211.8 crore from Rs 216.1 crore

  • Margin rose 95 bps to 11.3% from 10.4%

  • Net profit rose 6.6% to Rs 152.2 crore from Rs 142.8 crore

  • 16.1 lakh shares changed hands in a large trade

  • 0.01% equity changed hands at Rs 56.2 apiece

  • Buyers and sellers not known immediately

  • Source: Bloomberg

  • 11 lakh shares or 0.1% equity changed hands in a large trade

  • Buyers and sellers not known immediately

  • Source: Bloomberg

The scrip rose as much as 9.21% to Rs 207 piece, the highest level since April 19, 2018. It pared gains to trade 9.18% higher at Rs 206.95 apiece, as of 11:00 a.m. This compares to a 1.12% decline in the NSE Nifty 50 Index.

It has risen 74.86% in the last twelve months. Total traded volume so far in the day stood at 4.7 times its 30-day average. The relative strength index was at 69.63.

Out of five analysts tracking the company, two maintain a 'buy' rating, two recommend a 'hold,' and one suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 6.6%.

On NSE, Abbott India Ltd rose as much as 9.24% to Rs 28,280.20 apiece, the highest level since its listing on Feb 22, 1966. It was trading 8.03% higher at Rs 27,965.10 apiece, as of 10:28 a.m. This compares to a 1.1% advance in the NSE Nifty 50 Index.

It has risen 36.88% in 12 months. Total traded volume so far in the day stood at 14 times its 30-day average. The relative strength index was at 77.35, which implied the stock is overbought.

Out of nine analysts tracking the company, six maintain a 'buy' rating, one recommends a 'hold,' and two suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 7.9%.

  • 36 lakh shares changed hands in two large trades

  • 0.8% equity changed hands at Rs 985 apiece

  • Buyers and sellers not known immediately

  • Source: Bloomberg

  • Kavinder Singh resigns as MD and CEO effective May 16

  • Appoints Manoj Bhat as MD and CEO effective May 17

  • Appoints Vimal Agarwal as CFO effective May 1

  • Source: Exchange Filing

Shares of Adani Ports jumped as much as 5.63% the most since Jan. The scrip is trading 4.89% higher at Rs 1,278.50, compared 1.08% advance in Nifty 50.

The total traded volume so far in the day stood at 2.4 times its 30-day average. The relative strength index was at 72, indicating the stock may be overbought.

Of the 21 analysts tracking the company, 19 maintain a 'buy' rating and two recommend a 'hold,' according to Bloomberg data. The average of 12-month analyst price targets implies an upside of 1.2%.

  • Nomura Maintains REDUCE rating

  • Q3 ebitda missed brokerage estimates by 5%

  • Moderate FY24 EBITDA estimate by 6% on higher raw material cost/t

  • Q3 volume growth in line with industry, 6% above estimates

  • Expect 5% YoY volume growth in Q4

  • Expect Ebitda improvement by FY26 on realizations, lower operating costs

  • Q3 ebitda beat brokerage estimates by 14%

  • Expect Q4 unitary cement EBITDA to more than Rs 1300/t

  • Expects next phase of expansion to be brownfield

  • Moderate FY24 volume estimates by 2% to 35.5MT vs 36.2MT

  • Raise Fy24 EBITDA estimate by 9% to Rs 4300 crore

CFO Manoj Bhat resigns effective May 16 and Manoj Bhat to transition to new role within group

Source: Exchange Filing

Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.

- 43.6 lakh shares or 0.04% equity changed hands in two large trades

- Buyers and sellers not known immediately

Source: Bloomberg

  • 15.5 lakh shares or 0.01% equity changed hands in a large trade

  • Buyers and sellers not known immediately

  • Source: Bloomberg

  • 12.3 lakh shares or 0.1% equity changed hands in a large trade

  • Buyers and sellers not known immediately

  • Source: Bloomberg

  • 11 lakh shares or 0.01% equity changed hands in a large trade

  • Buyers and sellers not known immediately

  • Source: Bloomberg

  • 46.9 lakh shares or 0.02% equity changed hands in multiple large trades

  • Buyers and sellers not known immediately

  • Source: Bloomberg

Paytm's stock was locked in 20% to Rs 487.20 apiece, the lowest level since Dec 23, on Thursday. The scrip has fallen 7.19 % in the last twelve months.

The total traded volume so far in the day stood at 7.6 times its 30-day average. The relative strength index was at 21, indicating the stock may be oversold.

Of the 15 analysts tracking the company, six maintain a 'buy' rating, five recommend a 'hold,' and four suggest 'sell,' according to Bloomberg data. The average of 12-month analyst price targets implies an upside of 59.5%.

The broader markets underperformed as the BSE MidCap rose 0.63%, while the BSE SmallCap was 0.82% higher. All 20 sectors compiled by the BSE advanced.

The market breadth was skewed in the favour of buyers. As many as 2,205 stocks advanced, 725 declined and 88 remained unchanged on the BSE.

  • 11.7 lakh shares or 0.2% equity changed hands in a pre-market large trade

  • Buyers and sellers not known immediately

  • Source: Bloomberg

Appoints Avinash Bapat as CFO effective May 1

Source: Exchange Filing

The Nifty 50 gained by 115.30 points or 0.53% to 21,812.75 and the Sensex was up by 332.27 points or 0.46% at 71,977.56.

  • The local currency strengthened 8 paise to open at Rs 82.90 against the U.S dollar.

  • It closed at 82.98 on Thursday

  • Source: Bloomberg

The yield on the 10-year bond opened flat at 7.04%.

Source: Bloomberg

  • SEBI asked CRISIL Ratings to take corrective steps

  • Alert: SEBI conducted inspection of CRISIL Ratings in October

    Source: Cogencis

  • Q3 Ebitda missed brokerage estimates by 8% on lower margins

  • Weak Dec demand on higher gold prices, wallet shift away from jewellery

  • Cuts Fy24/25 revenue estimates by 1%

  • Q4 average all India cement prices for Jan 2024 down 4% QoQ

  • Dealers' skeptical of price hikes announcement made for Feb

  • Mixed cement demand volume trends continue in Jan 2024

  • Expect softening of costs to partly offset price impact on Q4 margins

Citi Maintains BUY

  • Price Target of Rs 1368

  • Q3 results show strong traction in logistics business with 12% market share in container train operations

  • Basis strong 9M performance, increased FY24 cargo guidance to 400mnt from 370-390mnt

  • Raised EBITDA guidance to Rs 150bn (from Rs 145-150bn)

  • Expects 20-25% growth in rail volumes

  • Raise target to Rs 930 (earlier Rs 730)

  • ARPOB improvement seen across hospitals led by mix

  • 73% occupancies with 3Q being seasonally weak quarter

  • Expects Lucknow hospital transaction to complete in Q4

  • Onco, Renal, Neuro continue to drive ARPOB

  • Price Target of Rs 1,350 (earlier Rs 1,300)

  • Q3 revenue in line with expectations and profitability slightly ahead

  • Expect to outperform its HPC peers via strategic initiatives on category development and business simplification

  • Through launch of RNF-based incense sticks, aims to gain share in the Rs 12 billion incense sticks market

Byju's Major Investors Call For Byju Raveendran, Family's Ouster From Board

Adani Enterprises Q3 Results: Profit More Than Doubles On Higher Margin

Indus Tower: KKR Exits, Canada Pension Board Pares Stake At 35% Loss On Investment

Nykaa Shares Fall 5% After Large Trade

Stock Market Today: All You Need To Know Going Into Trade On Feb. 2

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