Stock Market Today: Nifty, Sensex Log Biggest One-Day Gain In Almost Two Months Led By RIL, HDFC Bank

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NSE building (Source: Vijay Sartape/NDTV Profit)
2 years ago
The Nifty 50 ended at 21,737.60, up 385.00 points or 1.80% while the Sensex jumped 1,240.90 points or 1.76% to end at 71,941.57.
Key Highlights
Jan 29, 2024 17:05 (IST)

Jan 29, 2024 15:43 (IST)

  • The local currency weakened by 3 paise to 83.14 against the U.S dollar.

  • It closed at 83.11 on Thursday.

Source: Bloomberg

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Jan 29, 2024 15:30 (IST)

Market breadth was skewed in favour of buyers. Around 2,271 stocks rose, 1,649 stocks declined, and 144 remained unchanged on BSE.

Jan 29, 2024 15:14 (IST)

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Jan 29, 2024 15:03 (IST)

Jan 29, 2024 14:59 (IST)

  • 23.2 lakh shares changed hands in a large trade

  • 0.1% equity changed hands at price range of Rs 61.15 to Rs 64.15 apiece

  • Buyers and sellers not known immediately

Source: Bloomberg

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Jan 29, 2024 14:37 (IST)

Adani Energy Solutions Q3 Results: Profit Up 22.6% QoQ To Rs 348.3 Crore
Jan 29, 2024 14:22 (IST)

  • Revenue up 6.38% at Rs 221.6 crore vs Rs 236.7 crore

  • Net profit up 86.83% at Rs 9.08 crore vs Rs 4.86 crore

  • Ebitda up 25.63% at Rs 20.19 crore vs Rs 16.07 crore

  • Ebitda margin at 9.11% vs 6.78%

Jan 29, 2024 14:18 (IST)

  • Revenue up 14.26% at Rs 408.5 crore vs Rs 357.5 crore

  • Net profit up 86.22 at Rs 94.6 crore vs Rs 50.8 crore

  • Ebitda up 89.17% at Rs 104.84 crore vs Rs 55.42 crore

  • Margin at 25.66% vs 15.5%

Jan 29, 2024 14:18 (IST)

  • 14.2 lakh shares changed hands in a large trade

  • 0.2% equity changed hands at Rs 508 apiece

  • Buyers and sellers not known immediately

Source: Bloomberg

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Jan 29, 2024 13:55 (IST)

  • Revenue up 0.21% at Rs 4,162.2 crore vs Rs 4,153.1 crore

  • Net profit up 40.22% at Rs 860.3 crore vs Rs 613.5 crore

  • Ebitda up 24.22% at Rs 1,072.61 crore vs Rs 863.42 crore

  • Ebitda Margin at 25.77% vs 20.78%

Jan 29, 2024 13:52 (IST)

  • Revenue up 11.47% at Rs 1,15,494.24 crore vs Rs 1,02,985.56 crore

  • Net profit down 61.03% at Rs 3,397.27 crore vs Rs 8,501.17 crore

  • Ebitda down 51.77% at Rs 6,226.25 crore vs Rs 12,907.98 crore

  • Ebitda Margin at 5.39% vs 12.53%

Jan 29, 2024 13:44 (IST)

Commissions 2.6 MTPA greenfield grinding capacity at Rajpura, Punjab

Co's total grey cement manufacturing capacity in India now at 135.59 MTPA

Source: Exchange Filing

Jan 29, 2024 13:41 (IST)

  • Net profit down 4% YoY at Rs 150 crore vs Rs 156 crore

  • Net interest income up 9% YoY at Rs 382.7 crore vs Rs 349.7 crore

  • Net NPA at 0.31% vs 0.33% QoQ

  • Gross NPA at 1.22% vs 1.27% QoQ

Jan 29, 2024 13:37 (IST)

  • Revenue up 17.3% YoY at Rs 2,311 crore vs Rs 1,971 crore

  • Net profit up 148.5% YoY at Rs 256 crore vs Rs 103 crore

  • Ebitda up 49.3% at Rs 1,742 crore vs Rs 1,167 crore

  • Ebitda Margin at 75.37% vs 59.2%

Jan 29, 2024 13:37 (IST)

  • 23.6 lakh shares changed hands in a large trade

  • 0.4% equity changed hands at Rs 508 apiece

  • Buyers and sellers not known immediately

Source: Bloomberg

Jan 29, 2024 13:30 (IST)

  • 20.2 lakh shares changed hands in a large trade

  • 0.02% equity changed hands at Rs 251.85 apiece

  • Buyers and sellers not known immediately

Source: Bloomberg

Jan 29, 2024 13:29 (IST)

Alert: SpiceJet owes a total of $12.9 million to two engine lessors

Source: Cogencis

Jan 29, 2024 13:29 (IST)

On NSE, Tata Power rose as much as 6.07% to Rs 387.25 apiece, the highest level since its listing on Apr 3, 1996. It pared gains/losses trade 4.35% higher at Rs 381.65 apiece, as of 12:57 p.m. This compares to a 1.14% advance in the NSE Nifty 50 Index.

It has risen 86.79% in 12 months. Total traded volume so far in the day stood at 2.2 times its 30-day average. The relative strength index was at 77.53, which implied the stock is overbought.

Out of 21 analysts tracking the company, 11 maintain a 'buy' rating, three recommend a 'hold,' and seven suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 21.5%.

Jan 29, 2024 13:29 (IST)

Added 14 new stores to the existing count of 29 stores in the city

Source: Exchange Filing

Jan 29, 2024 13:29 (IST)

Azad Engineering was listed on the NSE on Dec. 28, 2023, at Rs 720 with a 37.40% premium over its IPO price. It listed on the BSE at Rs 710, a 35.50% premium.

The scrip rose as much as 10.32% to 745 apiece, the highest level since its listing and touched a new life high on Monday. It pared gains to trade 7.82% higher at Rs 729 apiece, as of 12:43 p.m. This compares to a 1.57% advance in the NSE Nifty 50 Index.

It has risen 7.60% since listing. Total traded volume so far in the day stood at 2.2 times its 30-day average. The relative strength index was at 80 indicating it was overbought.

Jan 29, 2024 12:52 (IST)

Jan 29, 2024 12:47 (IST)

In pact with BVM Global Schools to provide both academic and non-academic services.

Source: Exchange Filing

Jan 29, 2024 12:47 (IST)

Unit commissions solar project with Chengmari

Source: Exchange Filing

Jan 29, 2024 12:31 (IST)

  • Launches ‘Aaradhya Onepark’ with 4 lk sq ft carpet area in Mumbai's Ghatkopar area

  • Expects strong sales momentum for Mumbai's Ghatkopar project

  • Expects to generate Rs 1,200 crore in next 4 years from Mumbai's Ghatkopar project

Source: Exchange Filing

Jan 29, 2024 12:29 (IST)

  • Signs long-term contract of 7 years with Rolls-Royce

  • Rolls-Royce contract for producing, supply critical engine parts for defence/military aircraft engines

Source: Exchange Filing

Jan 29, 2024 12:17 (IST)

Jan 29, 2024 12:14 (IST)

Jan 29, 2024 12:14 (IST)

The scrip fell as much as 6.55% to 710 apiece, the lowest level since Mar. 28, 2023. It was trading 6.14% lower at Rs 713.20 apiece, as of 12:03 p.m. This compares to a 1.43% advance in the NSE Nifty 50 Index.

It has fallen 0.45% in the last 12 months. Total traded volume so far in the day stood at 7.1 times its 30-day average. The relative strength index was at 33.

Out of 28 analysts tracking the company, 9 maintain a 'buy' rating, 8 recommend a 'hold,' and 11 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 2.4%.

Jan 29, 2024 12:10 (IST)

On the NSE, Capri's stock rose as much as 8.99% during the day to Rs 1,024.90 apiece, the highest since Jan 18. It was trading 2.94% higher at Rs 968 per share, compared to a 0.84% advance in the benchmark Nifty 50 as of 10:57 a.m.

The share price has risen 34.62% in the last 12 months. The total traded volume so far in the day stood at 1.84 times its 30-day average. The relative strength index was at 65.88.

An analyst tracking the company has a 'buy' rating on the stock, according to Bloomberg data. The average of 12-month analyst price targets implies a potential downside of 17.3%.

Jan 29, 2024 12:08 (IST)

  • Revenue down 8.3% YoY at Rs 214.58 crore vs Rs 233.98 crore

  • Net profit up 30.42% YoY at Rs 31.34 crore vs Rs 24.03 crore

  • Ebitda up 21.46% at Rs 47.81 crore vs Rs 39.36 crore

  • Ebitda Margin at 22.28% vs 16.82%

Jan 29, 2024 12:08 (IST)

  • Maintains neutral with price target of Rs 800 (earlier Rs 820)

  • Steady loan growth of 4% QoQ, partially dragged by securitization

  • Miss on higher credit costs

  • Strong deposit momentum at 6% brought momentum down to 83%

  • Low visibility on ROA trajectory in FY25

  • Management thinks of cards as customer acquisition tool and expects to sell liability product

  • Bank expects loan growth of 25% YoY in near term, lower than deposit growth

Jan 29, 2024 11:27 (IST)

It has risen in 30.90% in 12 months. Total traded volume so far in the day stood at 1.3 times its 30-day average. The relative strength index was at 68.90.

Out of 35 analysts tracking the company, 28 maintain a 'buy' rating, five recommend a 'hold,' and two suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 6.1%.

Jan 29, 2024 11:15 (IST)

  • Dodla Dairy at 7.81 times its 30 day average

  • Eris Lifesciences at 5.48 times its 30 day average

  • Au Small Finance Bank at 5.14 times its 30 day average

  • Shakti Pumps at 4.31 times its 30 day average

  • Indian Metals & Ferro Alloys at 4.2 times its 30 day average

Jan 29, 2024 11:14 (IST)

  • 10.8 lakh shares changed hands in a large trade

  • 0.02% equity changed hands at Rs 83.15 apiece

  • Buyers and sellers not known immediately

Source: Bloomberg

Jan 29, 2024 11:14 (IST)

  • Gets orders from RVNL, Neyveli Uttar Pradesh Power

  • Gets Rs 381.3 crore order from RVNL for execution of civil construction works

  • Gets Rs 263.6 crore order from Neyveli Uttar Pradesh Power for operations, maintenance of thermal power project

Source: Exchange Filing

Jan 29, 2024 11:10 (IST)

The scrip fell as much as 11.80% to Rs 624.35 piece, the lowest level since April 10. It pared losses to trade 9.18% lower at Rs 642.85 apiece, as of 11:01 a.m. This compares to a 1.28% advance in the NSE Nifty 50 Index.

It has risen 6.16% in the last twelve months. Total traded volume so far in the day stood at 16 times its 30-day average. The relative strength index was at 27.7, indicating that the stock may be underbought.

Out of 27 analysts tracking the company, ten maintain a 'buy' rating, seven recommend a 'hold,' and ten suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 15.6%.

Jan 29, 2024 10:58 (IST)

  • 12 lakh shares changed hands in a large trade

  • 0.02% equity changed hands at Rs 55.15 apiece

  • Buyers and sellers not known immediately

Source: Bloomberg

Jan 29, 2024 10:38 (IST)

  • 10.3 lakh shares changed hands in a large trade

  • 0.1% equity changed hands at Rs 1,166.05 apiece

  • Buyers and sellers not known immediately

Source: Bloomberg

Jan 29, 2024 10:32 (IST)

The scrip rose as much as 14.54% to Rs 1,007.40 apiece, the highest level since its listing on Jun 28, 2021. It was trading 12.99% higher at Rs 993.80 apiece, as of 10:24 a.m. This compares to a 0.62% advance in the NSE Nifty 50 Index.

It has risen 94.82% in 12 months. Total traded volume so far in the day stood at 9.6 times its 30-day average. The relative strength index was at 74.57, which implied the stock is overbought.

Two analysts tracking the company, maintained a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies a downside of 17.3%.

Jan 29, 2024 10:09 (IST)

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Jan 29, 2024 10:06 (IST)

Jan 29, 2024 09:46 (IST)

  • 25.1 lakh shares or 0.02% equity changed hands in two large trades

  • Buyers and sellers not known immediately

Source: Bloomberg

Jan 29, 2024 09:46 (IST)

The scrip rose as much as 8.16% to Rs 125.95 apiece, the highest level since its listing on May 19, 2010. It was trading 7.17% higher at Rs 124.80 apiece, as of 09:50 a.m. This compares to a 0.89% advance in the NSE Nifty 50 Index.

It has risen 272% in 12 months. Total traded volume so far in the day stood at 3.6 times its 30-day average. The relative strength index was at 75.95, which implies the stock is overbought.

Out of four analysts tracking the company, two maintain a 'buy' rating, one recommend a 'hold,' and one suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 39.3%.

Jan 29, 2024 09:42 (IST)

  • Initiates with an Overweight; TP: 4368

  • To grow, India needs to invest in both digital and physical infra

  • AEL at the core of everything India wishes to accomplish

  • Current valuation does not reflect all the parts

  • Despite being a large co, AEL has no analyst coverage

  • AEL has proven history of incubating and spinning out businesses

  • AEL has made notable progress on improving balance sheet

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

Jan 29, 2024 09:38 (IST)

Jan 29, 2024 09:38 (IST)

  • 16.4 lakh shares or 0.5% equity changed hands in a pre-market large trade

  • Buyers and sellers not known immediately

Source: Bloomberg

Jan 29, 2024 09:38 (IST)

  • 65.2 lakh shares or 5.1% equity changed hands in a large trade

  • Buyers and sellers not known immediately

Source: Bloomberg

Jan 29, 2024 09:18 (IST)

The broader markets also rose; the S&P BSE MidCap Index was up 0.48%, whereas S&P BSE SmallCap Index was up 0.81%.

All 20 sectoral indices compiled by BSE advanced. S&P BSE Services rose the most.

The market breadth was skewed in the favour of the buyers. About 2,233 stocks rose, 838 declined, while 125 remained unchanged on the BSE.

Jan 29, 2024 09:14 (IST)

  • 11.5 lakh shares or 0.02% equity changed hands in a pre-market large trade

  • Buyers and sellers not known immediately

Source: Bloomberg

Jan 29, 2024 09:14 (IST)

The yield on the 10-year bond opened flat at 7.18%.

Source: Bloomberg

Jan 29, 2024 09:14 (IST)

  • The local currency weakened by 3 paise to 83.15 against the U.S dollar.

  • It closed at 83.12 on Thursday.

Source: Bloomberg

Jan 29, 2024 09:09 (IST)

At pre-open both the Nifty and Sensex traded 0.38% higher at 21,433.10 points and 70,969.79 points respectively.

Jan 29, 2024 08:59 (IST)

HSBC

  • Maintains buy with TP of Rs 2720 (vs Rs 2630 earlier)

  • Revised EPS estimates by -2.1%/+3.4%/+2.1% for FY24E/25E/26E

  • Expect 17% AUM CAGR over FY24-26E driven by non-vehicle consumer businesses

  • Operating performance in line with estimates

  • Valued at 1.5x FY26e BVPS

  • Expected to deliver 3.3-3.5% ROA and 15.5-16.5% ROE over FY24e-26e

Jan 29, 2024 08:56 (IST)

Nomura

  • Maintain neutral with price target of Rs 305

  • Results missed estimates on lower marketing margins, higher opex

  • Vizag bottom-upgradation to commence in 1HFY25; HRRL to commence from end-CY24

  • Auto fuel price cuts key to watch out for

  • Rising refining spreads mean room for price cuts has fallen sharply

Jan 29, 2024 08:56 (IST)

  • Maintains "Equal-weight" rating at Rs 413 target

  • Q3 net profit missed brokerage estimate by 10%

  • Weak earnings on higher gas sourcing costs

  • Rating due to limited growth with low margin support

  • Cheaper LNG in 2024 to accelerate industrial demand

Jan 29, 2024 08:49 (IST)

  • Maintain neutral with price target of Rs 2,910

  • Targeting phase-wise commissioning of its solar mfg. capacity from H2CY24

  • Project returns could be hampered by oversupply in China

  • Green H2 incentives too are still insufficient

  • RIL’s HJT technology not popular among cell makers

Jan 29, 2024 08:48 (IST)

Jefferies

  • Downgrade to hold; TP: Rs 830

  • PAT was in line but credit costs rose 80bps QoQ

  • Credit cost to stay elevated for two quarters

  • Revolver mix fell, cost of funds may rise further

  • Stabilisation of asset quality and rate cuts are possible positives

Jan 29, 2024 08:48 (IST)

  • Rates 'sell' with TP of Rs 425

  • Elevated MTM supporting domestic MF revenues

  • Seasonality coupled with momentum in primary market and corporate earnings driving robust revenues in MF

  • Low base aiding growth in international/domestic alternates RTA business

  • Will revisit their estimates post the earnings call

Jan 29, 2024 08:45 (IST)

  • Maintains 'sell', TP cut to Rs 2,150 from Rs 2,300 earlier

  • Better-than-expected volumes, drove the earnings beating their estimates

  • Uncertainty in volume revival has been exacerbated by the recent freight issues

  • Raw material cost pressures are not easing

Jan 29, 2024 08:44 (IST)

Source: Exchange Filing

Jan 29, 2024 07:54 (IST)

Jan 29, 2024 07:54 (IST)

Nitish Kumar Returns To NDA Bloc For The Fourth Time As Chief Minister Of JDU-BJP Alliance In Bihar
Jan 29, 2024 07:54 (IST)

Markets Going Through Bull Market Correction, Says Helios' Dinshaw Irani
Jan 29, 2024 07:54 (IST)

  • Adani Ports and Special Economic Zone: Societe Generale sold 2.81 lakh shares (0.01%) at Rs 1120.6 apiece

  • Aurobindo Pharma: Societe Generale sold 1.07 lakh shares (0.01%) at Rs 1160.1 apiece.

  • BHEL: Societe Generale sold 5.15 lakh shares (0.01%) at Rs 209.9 apiece.

  • BPCL: Societe Generale sold 12.43 lakh shares (0.05%) at Rs 477.15 apiece.

  • Container Corp of India: Societe Generale sold 1.53 lakh shares (0.02%) at Rs 841.1 apiece, while Marshall Wace Investment Strategies Market Neutral Tops Fund bought 1.41 lakh shares (0.02%) at Rs 841.1 apiece.

  • D B Realty: Griffin Growth Fund VCC bought 34.82 lakh shares (0.64%) at Rs 253.05 apiece, while Trinity Opportunity Fund sold 34.82 lakh shares (0.64%) at Rs 253.05 apiece.

  • Dalmia Bharat: Societe Generale sold 2.34 lakh shares (0.12%) at Rs 2154.75 apiece, while Marshall Wace Investment Strategies bought 2.34 lakh shares (0.12%) at Rs 2154.75 apiece.

  • Devyani International: Societe Generale sold 8.27 lakh shares (0.06%) at Rs 176.25 apiece, while Marshall Wace Investment Strategies  Eureka Fund bought 8.16 lakh shares (0.06%) at Rs 176.25 apiece.

  • FSN E-Commerce Ventures: Societe Generale sold 47.34 lakh shares (0.16%) at Rs 162.45 apiece, while Marshall Wace Investment Strategies  Eureka Fund bought 45.46 lakh shares (0.15%) at Rs 162.45 apiece.

  • Grasim: Eriska Investment Fund Ltd. bought 8.1 lakh shares (0.12%) at Rs 2060 apiece, while Griffin Growth Fund Vcc sold 8.1 lakh shares (0.12%) at Rs 2060 apiece.

  • HCL Tech: Marshall Wace Investment Strategies Market Neutral Tops Fund bought 3.38 lakh shares (0.01%) at Rs 1576.4 apiece, while Societe Generale sold 3.38 lakh shares (0.01%) at Rs 1576.4 apiece.

  • ICICI Prudential Life Insurance Co: Societe Generale sold 6.79 lakh shares (0.04%) at Rs 488.55 apiece, while Marshall Wace Investment Strategies Market Neutral Tops Fund bought 6 lakh shares (0.04%) at Rs 488.55 apiece.

  • Indian Bank: Societe Generale sold 8.35 lakh shares (0.06%) at Rs 441.6 apiece.

Jan 29, 2024 07:54 (IST)

China Tightens Securities Lending Rule To Support Stock Market
Jan 29, 2024 07:54 (IST)

Oil Climbs After Separate Attacks Escalate Middle East Tensions
Jan 29, 2024 07:54 (IST)

Aditya Birla Sun Life AMC, Adani Green Energy, Apollo Pipes, Bajaj Finance, Bharat Electronics, Bharat Petroleum Corporation, CSB Bank, GAIL, Garware Technical Fibres, Gateway Distriparks, Godfrey Phillips India, Heritage Foods, Indo Count Industries, Vodafone Idea, ITC, Jaiprakash Power Ventures, Latent View Analytics, L.G.Balakrishnan & Bros, Mahindra Logistics, Maharashtra Seamless, Marico, Muthoot Microfin, Nippon Life India Asset Management, NTPC, Nuvoco Vistas Corporation, Piramal Enterprises, Petronet LNG, Restaurant Brands Asia, R R Kabel, Stylam Industries, Tata Investment Corporation, UTI Asset Management Company, Venus Pipes & Tubes, and Voltamp Transformers.

Jan 29, 2024 07:54 (IST)

Nifty In Technical Charts: Reaction Mode To Continue
Jan 29, 2024 07:54 (IST)

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