Overseas investors remained net sellers of Indian equities for the fourth consecutive day on Friday.
Foreign portfolio investors offloaded stocks worth Rs 340.05 crore, according to provisional data from the National Stock Exchange.
Domestic institutional investors stayed net buyers and mopped up equities worth Rs 2,911.19 crore, the NSE data showed.
Foreign institutions have been net buyers of Rs 3,864 crore worth of Indian equities so far in 2023, according to data from the National Securities Depository Ltd., updated till the previous trading day.
The S&P BSE Sensex surged 847.27 points, or 1.18%, to close at 72,568.45, while the NSE Nifty 50 gained 260.80 points, or 1.20%, to end at 21,908.
-The local currency strengthened 11 paise to close at 82.92 against the U.S dollar on Friday.
-It closed at 83.03 Thursday.
Source: Bloomberg
- 30.1 lakh shares changed hands in a large trade
- 0.03% equity changed hands at Rs 140.8 apiece
- Buyers and sellers not known immediately
Source: Bloomberg
Revenue at Rs 423.74 crore, up 9.2%
Ebitda at Rs 38.98 crore, up 19.49%
Ebitda margin at 9.19% vs 8.4%
Net profit at Rs 29.69 crore, up 28.58%
Source: Exchange Filing
Nifty 50, Sensex, Nifty Smallcap 250 & Oil & Gas hit life high
Rupee, hits 3-month high
Nifty IT gains 5.1% in intraday trade, most since Oct 8, 2020
Infosys clocks highest single day gains in 42 months
- 17.6 lakh shares changed hands in a large trade
- 0.2% equity changed hands at Rs 167.45 apiece
- Buyers and sellers not known immediately
Source: Bloomberg
Sales volume at 0.98 million sq ft, down 13% YoY
Sales value at Rs 746 crore, up 4% YoY
Collections at Rs 493 crore, up 13% YoY
Source: Exchange Filing
-The local currency strengthened by 14 paise to 82.86 against the U.S dollar, highest level since Sep 22, 2023.
-It closed at 83.03 on Thursday.
Source: Bloomberg
To acquire Tapasya Educational Institutions in three tranches
Unit to pay Rs 120 crore in first tranche of payments, and at least Rs 242 crore for remaining acquisition
Source: Exchange filing
Revenue up 65.27% at Rs 567.4 crore
Ebitda up 46.55% at Rs 42.5 crore
Margin at at 7.49% vs 8.44%,
Net profit up 47.31% at Rs 30.2 crore
Source: Exchange Filing
Signs MoU for investments in Gujarat
Source: Exchange Filing
Argentine Peso devaluation hit recorded in Q3
Negative mid-single digit hit on group sales
Minimal impact of devaluation on profitability
Source: Exchange Filing
Gets GST order from Udaipur GST authority
Source: Exchange Filing
- 12.6 lakh shares changed hands in a large trade
- 0.01% equity changed hands at Rs 111 apiece
- Buyers and sellers not known immediately
Source: Bloomberg
- 26 lakh shares changed hands in a large trade
- 0.02% equity changed hands at Rs 135.25 apiece
- Buyers and sellers not known immediately
Source: Bloomberg
- 10 lakh shares changed hands in a large trade
- 0.03% equity changed hands at Rs 272.6 apiece
- Buyers and sellers not known immediately
Source: Bloomberg
Shares of the company rose as much as 3.24% to Rs 3,860 apiece, the most since Dec 15, 2023. It was trading 2.97% higher at Rs 3,846.35 apiece, compared to a 0.44% advance in the benchmark NSE Nifty 50 as of 9.17 a.m.
Of the 24 analysts tracking the company, 12 maintain a 'buy', 12 recommend a 'hold', and nine suggest a 'sell', according to Bloomberg data. The average 12-month consensus price target implies a upside of 5%
- Maintains 'Buy' on Tata Motors at raised target of Rs 953
- Maintains 'Buy' on Bajaj Auto at raised target of Rs 8,897
- Downgrades Bharat Forge to 'Neutral' at Rs 1,239 target
- Downgrades Samvardhana Motherson to "Neutral" to Rs 107 target
The scrip rose as much as 4.66% to 4,059 apiece, the highest level since Jan. 11. It pared gains to trade 3.15% higher at Rs 4000.75 apiece, as of 9:39 a.m. This compares to a 0.44% advance in the NSE Nifty 50 Index.
It has risen 49.45% in the last 12 months. Total traded volume so far in the day stood at 24 times its 30-day average. The relative strength index was at 20 indicating that it was underbought.
Out of 31 analysts tracking the company, 19 maintain a 'buy' rating, 6 recommend a 'hold,' and 6 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 49.9%.
The broader markets underperformed; the S&P BSE MidCap Index was up 0.07%, whereas S&P BSE SmallCap Index was 0.40% higher.
Ten out of 20 sectors compiled by BSE declined, while Ten sectors advanced. S&P BSE Information Technology rose the most.
The market breadth was skewed in the favour of the buyers. About 1,984 stocks rose, 894 declined, while 98 remained unchanged on the BSE.
Lowers long-term issuer credit rating on Vedanta
Source: Bloomberg
At pre-open, the S&P BSE Sensex Index was up 426.89 points, or 0.60%, at 72,148.07 while the NSE Nifty 50 was 126.3 points or 0.58% higher at 21,773.55.
The yield on the 10-year bond opened flat at 7.16%.
Source: Bloomberg
-The local currency weakened by 5 paise to 83.08 against the U.S. dollar.
-It closed at 83.03 on Thursday.
Source: Bloomberg
Jefferies
Hold; Target Price: Rs 4,000
Q3 numbers broadly in line
Demand commentary remains uninspiring, recovery not in sight
Entire growth in Q3 attributable to India
EBIT margins improved: aided by productivity, realisations, subcontracting costs
Buy; Target Price: Rs 1,740
Growth and margins beat estimates, PAT in line
Net new order book impressive with growth guidance narrowed
Headcount decline suggests demand unlikely to recover
Margins healthy, FY24 guidance achievable
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