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Stock Market Today: Sensex, Nifty Retreat From Record To End With Marginal Gains As Airtel Drag

Stock Market Today: Sensex, Nifty Retreat From Record To End With Marginal Gains As Airtel Drag
Inside NSE headquarters in Mumbai. (Source: Vijay Sartape/NDTV Profit)
2 years ago
Benchmarks erased most gains to end Monday's the volatile session with marginal gains As Bharti Airtel Ltd., and HDFC Bank Ltd. dragged Shares of Bandhan Bank Ltd. hit a 10% upper circuit on Monday as the company reported over 47% growth in net profit.Shares of Punjab & Sindh Bank Ltd. rose as much as 7.60% to Rs 73.64, the highest level since Feb 8. It pared gains to trade 2.9% higher at Rs 70.01as of 11:44 a.m., compared to 0.62% advance in the NSE Nifty 50 index.

  • Net profit rose 42% at Rs 53 crore vs Rs 37 crore

  • Revenue rose 38.6% at 889 crore vs Rs 641 crore

  • Ebitda rose 34.5% at Rs 85 crore vs Rs 63 crore

  • Margin at 9.6% vs 9.9%

  • Net profit fell 25.1% at Rs 63 crore vs Rs 84 crore

  • Revenue fell 6.5% at Rs 173 crore vs Rs 185 crore

  • Ebitda fell 22% at Rs 91 crore vs Rs 117 crore

  • Margin at 52.9% vs 63.4%

  • Net profit fell 69.3% at Rs 225 crore vs Rs 734 crore

  • Revenue fell 1.1% at Rs 2,133 crore vs Rs 2,157 crore

  • Ebitda fell 0.7% at Rs 329 crore vs Rs 332 crore

  • Margin flat at 15.4%

  • Revenue fell 6.9% at Rs 1,718 crore vs Rs 1,846 crore

  • Ebitda rose 31.1% at Rs 316 crore vs Rs 241 crore

  • Net profit fell 23.4% at Rs 209 crore vs Rs 273 crore

  • Margin at 18.4% vs 13%

  • Net profit rose 63% at Rs 57 crore vs Rs 35 crore

  • Revenue rose 31% at Rs 862 crore vs Rs 657 crore

  • Ebitda rose 58% at Rs 101 crore vs Rs 64 crore

  • Ebitda margin at 11.7% vs 9.7%

  • Revenue fell 23.1% at Rs 240 crore vs Rs 312 crore

  • Net profit fell 31.9% at Rs 63 crore vs Rs 92 crore

  • Ebitda margin at 47% vs 48%

  • Ebitda fell 23.9% at Rs 113 crore vs Rs 148 crore

  • Revenue rose 17% at Rs 1,088 crore vs Rs 930 crore

  • Ebitda rose 30% at Rs 217 crore vs Rs 167 crore

  • Ebitda margin at 19.9% vs 17.9%

  • Net profit at Rs 68 crore vs loss of Rs 9 crore

  • Revenue rose 32.9% at Rs 428 crore vs Rs 322 crore

  • Net profit rose 56.5% at Rs 79 crore vs Rs 51 crore

  • Ebitda margin at 17.7% vs 14.9%

  • Ebitda rose 57.9% at Rs 76 crore vs Rs 48 crore

  • Net profit fell 14% on the year at Rs 113 crore vs Rs 132 crore

  • Gross NPA at 1.69% vs 1.47% (QoQ)

  • Net NPA at 0.68% vs 0.51% (QoQ)

  • NII fell 1% on the year to Rs 362 crore vs Rs 364 crore

  • Net profit rose 2.3% at Rs 172 crore vs Rs 168 crore

  • Revenue fall 1.5% at Rs 1,145 crore vs Rs 1,167 crore

  • Ebitda rose 2.9% at Rs 296 crore vs Rs 288 crore

  • Margin at 25.9% vs 24.7%

  • Filatex Fashions Ltd.'s mining subsidiary gets export order worth Rs 293 crore.

  • The arm gets an order to supply 2.97 lakh million ton white marble over 7 years.

  • Source: Exchange filing

Rupee Hits Record Low On Importers' Month-End Dollar Bids

  • Revenue rose 33.8% at Rs 223 crore vs Rs 167 crore

  • Ebitda loss at Rs 5 crore vs loss of Rs 96 crore

  • Net loss at Rs 89 crore vs loss of Rs 189 crore

  • Revenue rose 22.5% at Rs 2,497 crore vs Rs 2,039 crore

  • Ebitda rose 71% at Rs 211 crore vs Rs 123 crore

  • Margin at 8.4% vs 6.1%

  • Net profit rose 89.3% at Rs 145 crore vs Rs 77 crore

  • Revenue down 1.2% at Rs 1,831 crore vs Rs 1,853 crore

  • Ebitda fell 16.9% at Rs 150 crore vs Rs 180 crore

  • Margin at 8.2% vs 9.7%

  • Net profit fell 37.3% at Rs 44 crore vs Rs 70 crore

  • Bharti Airtel Ltd. has re-farmed mid-band spectrum for 5G traffic.

  • Source: Exchange filing

  • Company has one 6 transmission projects in FY25

  • Q1FY25 consolidated capex at Rs 4615 crore

  • Average cost of borrowing at 7.76% in Q1FY25

  • Company to set up a 85 MW solar plant

  • Company to start pilot project in green hydrogen and battery storage

  • To execute 69 lakh smart meters for Uttar and Madhya Gujarat

  • Company to set up one data center of 1000 racks

  • Company to explore possibility of setting up more data centres in Hyderabad, Chennai

  • Speaker: Chairman and MD R.K Tyagi

Shares of the bank rose as much as 9.38% during the day to 52-week high of Rs 174.80 apiece on the NSE. It was trading 7.21% higher at Rs 171.36 apiece, compared to a 0.47% advance in the benchmark NSE Nifty 50 as of 11:29 a.m. 

The stock has risen 28.60% in the last 12 months and 14.86% on a year-to-date basis. The total traded volume so far in the day stood at 5.2 times its 30-day average. The relative strength index was at 63.94.

Nineteen out of the 24 analysts tracking City Union Bank have a 'buy' rating on the stock, two recommend a 'hold' and three suggest a 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 4.2%.

  • License for cross-border payments, for both imports and exports

  • Service will enable Indian exporters, freelancers, global businesses, regulated entities etc, to collect and make payments.

  • Source: statement

Shares of Punjab & Sindh Bank Ltd. rose as much as 7.60% to Rs 73.64, the highest level since Feb 8. It pared gains to trade 2.9% higher at Rs 70.01as of 11:44 a.m., compared to 0.62% advance in the NSE Nifty 50 index.

The scrip gained 114.29% in 12 months, and 62.48% on year to date basis. Total traded volume so far in the day stood at 4.3 times its 30-day average. The relative strength index was at 67.72.

  • AIA Engineering is to consider buyback proposal on Aug 7.

  • Source: Exchange filing

  • SRM Contractors Ltd. has received a Letter of Acceptance worth Rs 171 crore from NHAI

  • Source: Exchange filing

ICICI Bank Q1 Results Review: Credit Costs May Inch Up But Growth Trajectory To Continue

Indigo's stock fell as much as 4.9% in early trade to Rs 4,273.2 apiece on the NSE. It was trading 1.77% lower at Rs 4,414 per share, compared to a 0.27% advance in the benchmark Nifty as of 9:55 a.m.

The share price has risen 70% in the last 12 months and 48% on a year-to-date basis. The total traded volume so far in the day stood at 4.1 times its 30-day average. The relative strength index was at 56.

Sixteen out of the 22 analysts tracking the company have a 'buy' rating on the stock, four recommend 'hold' and two suggest 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 8%.

  • NBCC (India) Ltd.'s arm HSCC (India) gets order worth Rs 411 crore for medical college & hospital in Maharashtra.

  • Source: Exchange filing

Bandhan Bank Hits Upper Circuit After Q1 Profit Jumps

Market breadth was skewed in favour of buyers. Around 2,388 stocks advanced, 854 stocks declined, and 118 stocks remained unchanged on BSE.

  • Dr Reddy's Laboratories Ltd. has received a positive CHMP opinion from European Medicines Agency for proposed Rituximab biosimilar

  • Alert: CHMP stands for Committee for Medicinal Products for Human Use

  • Source: Exchange filing

The NSE Nifty 50 index was trading 108.45 points or 0.44% higher at 24,943.30, and the S&P BSE Sensex was trading 0.43% or 346.93 points higher at 81,679.65.

  • The yield on the 10-year bond opened flat at 6.94%.

  • It closed at 6.94% on Friday.

  • Source: Cogencis

  • The local currency strengthened by 2 paise to open at 83.70 against the US dollar.

  • It closed at 83.72 on Friday.

  • Source: Bloomberg

  • Motilal Oswal maintained a 'Buy' with a target price Rs 5,000, which implied an upside of 18%.

  • An all-round performance; earnings beat on all fronts

  • Revenue jumped 70% YoY, led by strong traction in Industrials & Auto

  • Order book as of Jun’24 witnessed strong growth of 68% YoY

  • Gross margins declined 350bp YoY due to an unfavorable business mix;

  • However, favorable operating leverage majorly offset the margin contraction

  • Expects revenue to grow 60%,EBITDA at 15% in FY25

  • Increase our EPS estimates for FY25/FY26 by ~8%/10%

  • Estimate CAGR of 62%/71%/78% in revenue/EBITDA/Adj. PAT over FY24- FY26

Rupee Closes At Fresh Record Low Of Rs 83.72 Against The US Dollar

  • Sobha: Anamudi Real Estates LLP sold 47.37 lakh shares (4.99%) at Rs 1,810.44 apiece. On the other hand, Aditya Birla Sun Life Mutual Fund bought 12.32 lakh shares (1.29%) at Rs 1,809.82 apiece, Mirae Asset Mutual Fund bought 5.79 lakh shares (0.61%) at Rs 1,810.05 apiece and Invesco Mutual Fund bought 4.97 lakh shares (0.52%) at Rs 1,810.05 apiece.

  • Parag Milk & Foods: Sixth Sense India Opportunities 11 sold 17.86 lakh shares (1.49%) at Rs 199 apiece and North Star Opportunities Fund Vcc-Bull Value Incorporated Vcc Sub-Fund bought 17.65 lakh shares (1.47%) at Rs 199 apiece.

  • Cigniti Technologies: ICICI Prudential Mutual Fund A/C—ICICI Prudential Technology Fund bought 2.25 lakh shares (0.82%) at Rs 1,364.92 apiece.

  • Eraaya Lifespaces: Sneha Garg sold 1.61 lakh shares (1.06%) at Rs 798.12 apiece and Vishal Jai Kumar Garg sold 0.97 lakh shares (0.64%) at Rs 799.47 apiece.

  • DCW: Winro Commercial India bought 29.1 lakh shares (0.98%) at Rs 60.01 apiece.

  • Route Mobile: Proximus Opal sold 12.24 lakh shares (1.94%) at Rs 1,656.6 apiece and Societe Generale bought 3.39 lakh shares (0.53%) at Rs 1,652.2 apiece.

Aditya Birla Sunlife, Mirae Asset Mutual Fund, Buy Stake In Sobha Worth Rs 857 Crore

KEC International To Raise Up To Rs 6,000 Crore Through QIP, NCDs

ACC, Adani Wilmar, Bharat Electronics, CSB Bank, Hindustan Petroleum Corp., Jindal Saw, Kansai Nerolac Paints, KEI Industries, Maharastra Seamless, Voltamp Transformers, Wonderla Holidays, Ajanta Pharma, Carborundum Universal, Castrol India, Exide Industries, Firstsource Solutions, Granules India, Indus Towers, Indian Oil Corp., Johnson Controls-Hitachi Air Conditioning India, Navin Fluorine International, and Star Health and Allied Insurance Co.

IndusInd Bank Q1 Results: Profit Up 2%, Operating Expenses Rise

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

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