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

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

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• 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 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

• 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

- 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%.

• 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