Deepak Jasani, Head of Retail Research, HDFC Securities
Nifty snapped a three-day losing streak on August 04. At close, Nifty was up 0.70 or 135.4 points at 19517. Broad market indices rose in tandem with the Nifty even as the advance decline ratio remained firm at 1.90:1.
Global stock markets steadied on Friday before a U.S. non-farm payrolls report that could influence interest rate plans. German factory orders unexpectedly rebounded in June driven by foreign demand, while France's industrial production declined 0.9 percent in June, following a revised 1.1 percent growth in May, separate reports showed.
Nifty bounced little on Aug 04 on expected lines. It is in the process of a small pullback. On weekly basis, the Nifty has fallen 0.66% and the large upper and lower shadows on the weekly candlestick denotes the tug of war between bulls and bears. On a near term basis, the Nifty could stay in the 19655-19296 band while on a short term basis, it could stay in the 19796 - 19201 band.
Gaurav Bissa, VP, InCred Equities
SBI has been consistently under pressure since it halted its rise around Rs 620 levels which was near previous swing high resistance formed in December 2022. The stock has given a breakdown from ascending trendline patterns on the daily charts with highest volumes in the last 3 months. The stock has also seen a bearish macd crossover on the daily charts which can keep the stock under pressure. Investors are advised to keep 552 as strict stoploss for their existing positions. This is a crucial level as SBI has been in an uptrend so far and breaking Rs 552 will trigger a trend reversal.
Shrey Jain, Founder and CEO of SAS Online
Q1 earnings, FII action, and agencies' outlook keep Dalal Street busy this week. After three consecutive days of decline, the benchmark indices rebounded today, closing higher. The Sensex surged 480.57 points or 0.74 percent to reach 65,721.25, while the Nifty climbed 135.30 points or 0.70 percent, ending at 19,517.
Despite this, the IT and Pharma sectors stood out as outperformers, ending the week on a positive note. Technically, Nifty 50 dipped below its 20-day moving average on the daily candle, a rare occurrence in recent months.
Furthermore, foreign investors have been experiencing an outflow of funds, possibly interpreted as profit booking, leading to a slowdown in their buying activity. However, given Morgan Stanley's optimistic outlook on the Indian economy, it is expected to bolster foreign capital inflow soon.
Amol Athawale, Vice President - Technical Research, Kotak Securities
The market had been falling for three consecutive sessions and a relief rally was already expected, which came in on the back of a rating upgrade by Morgan Stanley as India remains a bright spot in an otherwise tepid world economy. Fitch Ratings' move to downgrade US government credit had triggered a global market sell-off in the last few sessions, but India's buoyant economic show in the last few quarters means investors cannot ignore domestic equity markets for long and would keep coming after every short-term correction.
Technically, we could see promising pullback rallies if Nifty trades above 19400 and on further upsurge, it could move up till 19600 or 20 day SMA. Further upside could lift the market till 19700. On the flip side, below 19400 the selling pressure is likely to accelerate. Below which, the index could slip till 19300-19250.
After a sharp correction, the Bank Nifty took support near the 50 day SMA and bounced back sharply. For traders, the 50-day SMA or 44500 would be the sacrosanct support level. Above which, it could rally till 20-day SMA or 45400-45500. On the flip side, below 44500, the uptrend would be vulnerable and below the same, it could retest the level of 44300-44000.
Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas:
The Nifty opened on a positive note and consolidated thereafter for the most part of the day to close with gains of around ~130 points. After the sharp selling during the week the Nifty did manage to reverse some of the losses on the last trading session of the week. Though, on a weekly basis, it has closed in the red down for the second consecutive week. The pullback is likely to fizzle out in the zone 19560 – 19600 where resistance in the form of the 40-hour moving average and the hourly upper Bollinger band is placed. Thus, this bounce should be sold into. The hourly momentum indicator has also reached the equilibrium line indicating that the pullback has matured and can begin a new cycle on the downside. Overall, the trend is still negative, and we expect levels of 19100 from a short-term perspective.
Bank Nifty has also witnessed a pullback however it is unlikely to result in a larger trend reversal. The pullback is likely to fizzle out in the range 45100 – 45200 where resistance in the form of the 40-hour moving average and the hourly upper Bollinger band is placed. The hourly momentum indicator has witnessed a pullback to the equilibrium line indicating that the pullback has matured and can start a new cycle. Overall, the trend is still negative and we expect it to drift lower to 44000 in the short term.
Vinod Nair, Head of Research at Geojit Financial Services:
Positive earnings reports provided a much-needed boost to the domestic market, aiding its recovery from the impact of weak global cues. The pharma sector sustained its positive momentum, with the trend being extended by the IT and banking stocks. However, increasing US bond yields continued to distract the global market, impeding the inflow of foreign funds into the domestic market.
Ajit Mishra, SVP - Technical Research, Religare Broking:
Markets witnessed respite after the recent fall and gained over half a percent. After the gap-up start, Nifty hovered in a band throughout the session and finally settled at 19,518 levels. Meanwhile, a mixed trend on the sectoral front kept the traders busy wherein IT, pharma and banking posted decent gains. The broader indices too participated in the move and gained nearly a percent each.
Nifty has rebounded after testing the support at 19,300 but failed to reclaim the short-term moving average i.e. 20 EMA. We need sustainability above the same for further recovery else the decline would resume. Though we are seeing a dip in the global indices too, their trend hasn’t reversed yet, which is offering some comfort. Amid mixed signals, we advise staying selective and keeping a check on position size.
Dilip Parmar, Research Analyst, HDFC Securities:
Indian rupee settled for its weakest weekly close of the current calendar year following haven dollar demand and higher crude oil prices. In the week gone, foreign institutions were net sellers of $273 million in domestic equities while the rupee fell nearly 0.7%.
All eyes will be on next week’s RBI monetary policy after the recent surge in food prices. Traders are pricing in no change on Aug.10 meeting.
From the technical front, the trend for spot USDINR remains bullish with higher side resistance at 83.30 and support at 82.60.
Rupee Close:
Indian rupee ended 11 paise lower at 82.84 per dollar on Friday against Thursday's close of 82.73.
Market Close:
Benchmark indices ended higher on August 4 with Nifty above 19,500.
At close, the Sensex was up 480.57 points or 0.74 percent at 65,721.25, and the Nifty was up 135.30 points or 0.70 percent at 19,517. About 2177 shares advanced, 1296 shares declined, and 139 shares unchanged.
Biggest gainers on the Nifty were Cipla, IndusInd Bank, Tech Mahindra, Wipro and Bharti Airtel, while losers were SBI, Bajaj Auto, BPCL, NTPC and Maruti Suzuki.
On the sectoral front, Pharma and Information Technology index up 1 percent each, and bank, capital goods and metal added 0.5 percent each. However, selling was seen in the auto and power names.
BSE midcap and smallcap indices added 0.6 percent each.
Stock Market LIVE Updates | Nomura View On Gujarat Gas
-Neutral call, target Rs 510 per share
-Muted start to FY24
-Results were below estimate on lower-than-anticipated volume & margin
-Propane likely to be at a premium to natural gas prices from September onwards
-Trades at 18x FY25F P/E
Stock Market LIVE Updates | CESC Q1 Results:
Net profit was up 21.3% at Rs 347 crore versus Rs 286 crore and revenue up 5.1% at Rs 4,310 versus Rs 4,102 crore, YoY.
Sensex Today | Concord Biotech IPO booked 38% on debut
The maiden public issue of Concord Biotech was subscribed 38 percent on the first day of bidding on August 4 with bids for 55.25 lakh equity shares against an IPO size of 1.46 crore shares.
All investors started putting in bids for the IPO with retail investors buying 52 percent shares of the allotted quota, and employees, who will get 10,000 shares in the offer, have bid 4.66 times the reserved portion.
Employees will be getting the reserved shares at a discount of Rs 70 per share to the final offer price. The price band for the offer is set at Rs 705-741 per share.
The portion set aside for high net-worth individuals (non-institutional investors) was booked 52 percent and that of qualified institutional buyers (QIB) 0.1 percent.
Sensex Today | SBFC Finance IPO Day 2: Offer subscribed 4.5 times
The initial public offering (IPO) of SBFC Finance continued to get a healthy response from investors on August 4, the second day of subscription, with bids coming in for 60.14 crore shares against the offer IPO size of 13.35 crore shares. The issue was subscribed 4.50 times by afternoon.
High networth individuals and retail investors bought 9.91 times and 4.31 times their allotted quotas, while qualified institutional investors (QIIs) bid for 91 percent of the shares set aside for them.
Employees, who have Rs 10.25 crore worth of shares set aside for them, bought 2.11 times their portion. They will get shares at a discount of Rs 2 apiece to the final offer price.
The price band for the offer, which closes on August 7, has been fixed at Rs 54-57 a share.
Half of the IPO has been reserved for QIIs, 15 percent for HNIS and the remaining 35 percent for retail investors.
Sensex Today | Oil prices set for sixth weekly gain on more supply cuts
Oil prices were on track for a sixth week of gains after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through September.
Brent crude futures for October rose 43 cents to $85.57 a barrel by 0825 GMT, while U.S. West Texas Intermediate crude for September were up 47 cents to $82.02.
Both benchmarks were set for their longest streak of weekly gains this year. Brent has risen 15.4% and WTI by 18.2% during the last six weeks.
Saudi Arabia on Thursday extended a voluntary oil production cut of 1 million barrels per day (bpd) to the end of September, keeping the door open for another extension. Russia has also elected to reduce its oil exports by 300,000 bpd next month.
In focus is a meeting on Friday of OPEC+ - the Organization of the Petroleum Exporting Countries and allies.
Stock Market LIVE Updates | Morgan Stanley View On Mahindra & Mahindra
-Overweight call, target Rs 1,578 per share
-Temasek to invest in M&M's EV business
-Deal values MEAL in a range of Rs 40,400-80,600 crore
-Previous investment of Rs 1,925 crore by BII valued MEAL at Rs 40,400-70,100 crore
-Implies an increase of 15% in Higher end of MEAL's valuation
-MEAL plans to invest Rs 10,000 crore in capex towards EVs by FY27
-MEAL targets an EV penetration of 20%-30% in its own portfolio by 2030
| Company | CMP | High Low | Gain from Day's Low |
|---|---|---|---|
| LIC Housing Fin | 426.90 | 433.25 392.60 | 8.74% |
| Zomato | 95.35 | 98.39 88.44 | 7.81% |
| Info Edge | 4,889.75 | 4,935.00 4,547.25 | 7.53% |
| PB Fintech | 782.10 | 787.50 729.00 | 7.28% |
| Swan Energy | 243.30 | 246.75 226.85 | 7.25% |
| NBCC(India) | 47.37 | 48.00 44.20 | 7.17% |
| Castrol | 151.35 | 152.00 142.20 | 6.43% |
| Jyothy Labs | 322.95 | 332.00 304.00 | 6.23% |
| Patanjali Foods | 1,376.00 | 1,376.00 1,297.00 | 6.09% |
| Delhivery | 418.90 | 421.95 396.10 | 5.76% |
Stock Market LIVE Updates | Morgan Stanley View On Bharti Airtel
-Overweight call, target Rs 870
-Q1 subscriber additions better than estimate with good postpaid adds
-Better than expected ARPU driving beat in India EBITDA
-Reports lower than expected net debt QoQ
Sensex Today | Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas:
Indian Rupee depreciated on Friday on a surge in crude oil prices and selling pressure from foreign investors. However, positive domestic markets and a soft US Dollar cushioned the downside. US Dollar declined on Thursday from a four-month high on weaker-than-expected ISM services PMI and weekly unemployment claims data from the US while factory orders topped forecast.
We expect Rupee to trade with a negative bias on rising crude oil prices and some recovery in US Dollar from lower levels. FII outflows and concerns over global economic slowdown may also put pressure on Rupee. Traders may take cues from non-farm payrolls, unemployment rate, and average hourly earnings data from the US. We expect the USDINR spot to trade in the range of 82.30 to 83.30 in the near term.
Sensex Today | Market at 3 PM
The Sensex was up 501.31 points or 0.77 percent at 65,741.99, and the Nifty was up 145.50 points or 0.75 percent at 19,527.20. About 2020 shares advanced, 1103 shares declined, and 124 shares unchanged.
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| IndusInd Bank | 1,413.50 | 3.59 | 3.60m |
| Cipla | 1,207.45 | 3.57 | 7.63m |
| Tech Mahindra | 1,179.80 | 3.24 | 3.13m |
| Wipro | 409.30 | 2.41 | 5.64m |
| Bharti Airtel | 892.25 | 2.36 | 6.09m |
| HCL Tech | 1,148.85 | 2.07 | 2.94m |
| Axis Bank | 953.00 | 1.87 | 11.46m |
| Coal India | 234.15 | 1.78 | 6.08m |
| HDFC Life | 643.60 | 1.72 | 1.80m |
| LTIMindtree | 4,949.80 | 1.64 | 209.09k |
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| SBI | 574.70 | -2.68 | 47.13m |
| Bajaj Auto | 4,717.80 | -2.25 | 355.73k |
| BPCL | 360.65 | -2 | 2.74m |
| NTPC | 218.60 | -0.68 | 10.88m |
| Eicher Motors | 3,360.00 | -0.58 | 1.11m |
| Maruti Suzuki | 9,497.00 | -0.49 | 418.22k |
| Tata Motors | 615.95 | -0.48 | 10.50m |
| Power Grid Corp | 247.60 | -0.44 | 4.45m |
| Bajaj Finserv | 1,488.15 | -0.37 | 2.35m |
| Grasim | 1,826.00 | -0.25 | 201.45k |
Aditya Birla Fashion & Retail Q1 Results:
The company has posted net loss of Rs 141.4 crore in the quarter ended June 2023 versus profit of Rs 97.5 crore in the same quarter last fiscal.
Revenue of the company was up 11.2% at Rs 3,196 crore versus Rs 2,874.8 crore, YoY.
Stock Market LIVE Updates | UBS View On Zomato
-Buy call, target Rs 90 per share
-Solid beat in Q1 as demand recovers and operating leverage plays out
-Revenue supported by core food delivery business
-Food delivery biz posted 11.4% & 14% QoQ growth in GOV & adjusted revenue
-Company also achieved positive adjusted EBITDA & net PAT ahead of guidance
-Company expects at least 40% YoY growth in adjusted rev for the next couple of years
Stock Market LIVE Updates | Kolte Patil Developers Q1:
The company posted net profit of Rs 46crore in the quarter ended June 2023 versus Rs 21.2 crore and revenue stood at Rs 571.2 crore versus Rs 200 crore, YoY.
Stock Market LIVE Updates | VST Tillers Tractors Q1 Earnings:
Net profit at Rs 33 crore versus Rs 10.1 crore and revenue up 4.2% at Rs 246 crore versus Rs 236 crore, YoY.
Stock Market LIVE Updates | Welspun Corp Q1 Results:
Net profit at Rs 165.4 crore versus Rs 4.1 crore and revenue up at Rs 4,069.3 crore versus Rs 1,321.8 crore, YoY.
Stock Market LIVE Updates |
GSPL reports Q1 earnings
- Net profit up 2.2% at Rs229.3 cr vs Rs224.3 cr (QoQ)
- Revenue down 0.4% at Rs441.2 cr vs Rs443 cr (QoQ)
- EBITDA up 14.1% at Rs336.4 cr vs Rs294.7 cr (QoQ)
- Margin at 76.2% vs 66.5% (QoQ)
Stock Market LIVE Updates |
Bharat Dynamics reports Q1 earnings
- Net profit up 5% at Rs41.8 cr vs Rs39.8 cr (YoY)
- Revenue down 57.2% at Rs297.7 cr vs Rs694.8 cr (YoY)
- EBITDA loss at Rs32.8 cr vs EBITDA of Rs42 cr (YoY)
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| LIC Housing Fin | 430.00 | 9.04 | 24.07m |
| PB Fintech | 780.00 | 8.11 | 2.15m |
| Vodafone Idea | 8.25 | 5.1 | 127.61m |
| Patanjali Foods | 1,375.20 | 5 | 542.85k |
| Delhivery | 418.05 | 4.98 | 2.91m |
| Dixon Technolog | 4,663.60 | 4.96 | 3.30m |
| Jubilant Food | 513.70 | 4.57 | 5.39m |
| MRF | 111,200.00 | 3.95 | 22.40k |
| Indiamart Inter | 3,127.30 | 3.55 | 213.53k |
| Lupin | 1,066.00 | 2.96 | 4.24m |
Stock Market LIVE Updates | Century Plyboards Q1 Results
Net profit down 5.9% at Rs 86.9 crore versus Rs 92.3 crore and revenue up at Rs 891 crore versus Rs 888.8 crore, YoY.
| Company | Bid Qty | CMP Chg(%) | Today Vol 20D Avg Vol |
|---|---|---|---|
| HCL Info | 656621.00 | 20.40 20 | 21400565 1536538.60 |
| Sakar Healthcar | 122930.00 | 324.65 20 | 286780 - |
| Pondy Oxides | 35259.00 | 499.65 19.99 | 636300 29660.90 |
| Lloyds Steels | 356863.00 | 55.65 9.98 | 36404757 14744718.00 |
| Sarveshwar Food | 973.00 | 135.55 9.98 | 970080 258475.00 |
| Panache Digilif | 79589.00 | 84.45 9.96 | 91990 - |
| HPL Electric & | 154277.00 | 210.00 5 | 253231 1119726.65 |
| SKM Egg Product | 397361.00 | 292.35 4.99 | 149696 321999.15 |
| Jupiter Wagons | 224504.00 | 211.40 4.99 | 811031 1724799.55 |
| Sanghi Ind | 4635249.00 | 110.65 4.98 | 898367 3052680.05 |
Stock Market LIVE Updates | Britannia Q1 net profit to rise 53% to Rs 517 crore in Q1, margins to decline sequentially
Britannia Industries is expected to report a consolidated net profit of Rs 517 crore in the April-to-June quarter of financial year 2023-2024. This represents a 53 percent increase year-on-year and a 7.4 percent decline sequentially, according to average estimates of six brokerage firms.
The company is scheduled to announce its financial results for Q1FY24 on August 4.
Revenue is estimated to be around Rs 4101 crore, which is an 11 percent growth year-on-year and a 2.1 percent growth sequentially.
Operating profit margins are expected to be at 18.2 percent, which is a 439 basis points increase on a year-on-year basis and a 199 basis points decline sequentially. Read More
Sensex Today | SBFC Finance IPO Day 2: Offer subscribed 3.69 times
The initial public offering (IPO) of SBFC Finance continued to get a healthy response from investors on August 4, the second day of subscription, with bids coming in for 49.21 crore shares against the offer IPO size of 13.35 crore shares. The issue was subscribed 3.69 times by afternoon.
High networth individuals and retail investors bought 7.88 times and 3.75 times their allotted quotas, while qualified institutional investors (QIIs) bid for 52 percent of the shares set aside for them.
Employees, who have Rs 10.25 crore worth of shares set aside for them, bought 1.92 times their portion. They will get shares at a discount of Rs 2 apiece to the final offer price.
The price band for the offer, which closes on August 7, has been fixed at Rs 54-57 a share.
Half of the IPO has been reserved for QIIs, 15 percent for HNIS and the remaining 35 percent for retail investors.
Sensex Today | Jhunjhunwala's RARE Trusts-backed Concord Biotech IPO booked 30% on debut
The maiden public issue of Concord Biotech was subscribed 30 percent on the first day of bidding on August 4 with bids for 44.45 lakh equity shares against an IPO size of 1.46 crore shares.
All investors started putting in bids for the IPO with retail investors buying 43 percent shares of the allotted quota, and employees, who will get 10,000 shares in the offer, have bid 4 times the reserved portion.
Employees will be getting the reserved shares at a discount of Rs 70 per share to the final offer price. The price band for the offer is set at Rs 705-741 per share.
The portion set aside for high net-worth individuals (non-institutional investors) was booked 40 percent and that of qualified institutional buyers (QIB) 0.1 percent.
Sensex Today | Market at 2 PM
The Sensex was up 268.95 points or 0.41 percent at 65,509.63, and the Nifty was up 79.80 points or 0.41 percent at 19,461.50. About 2003 shares advanced, 1104 shares declined, and 125 shares unchanged.
| Company | CMP Chg(%) | Volume | Value(Rs cr) |
|---|---|---|---|
| Zomato | 94.80 9.53 | 338.98m | 3,217.89 |
| HDFC Bank | 1,640.00 0.7 | 12.39m | 2,031.73 |
| Reliance | 2,500.70 1 | 7.76m | 1,934.54 |
| SBI | 574.25 -2.75 | 33.47m | 1,966.13 |
| Dixon Technolog | 4,567.80 2.8 | 3.17m | 1,485.43 |
| ICICI Bank | 967.65 0.27 | 13.65m | 1,323.40 |
| IRFC | 45.10 0.89 | 225.79m | 1,046.31 |
| LIC Housing Fin | 426.85 8.24 | 22.99m | 968.82 |
| M&M | 1,434.10 -2.39 | 6.40m | 945.21 |
| Axis Bank | 942.70 0.76 | 9.22m | 871.53 |
Stock Market LIVE Updates | Alembic Q1 Results:
Net profit at Rs 120.6 crore versus loss of Rs 65.9 crore and revenue up 17.8% at Rs 1,486.2 crore versus Rs 1,262.1 crore, YoY.
Stock Market LIVE Updates | JPMorgan View On Zomato
-Overweight call, target raised to Rs 100 per share
-Achieved consolidated adjusted EBITDA & PAT breakeven ahead of FY24 timeline
-Should reinforce investor faith in company’s execution prowess
-Instils confidence in Blinkit, has broken even on CM W/adjusted EBITDA breakeven in sight
-Food delivery GOV was up 11% QoQ
-Blinkit GOV was impacted by temporary disruption in April
-Management now expects more than 20% QoQ growth for Blinkit in Q2
-Raise revenue estimate by 5-8% & margin by 120-400 bps
Sensex Today | SBFC Finance IPO Day 2: Offer subscribed 3.53 times
The initial public offering (IPO) of SBFC Finance continued to get a healthy response from investors on August 4, the second day of subscription, with bids coming in for 47.11 crore shares against the offer IPO size of 13.35 crore shares. The issue was subscribed 3.53 times by afternoon.
High networth individuals and retail investors bought 7.51 times and 3.59 times their allotted quotas, while qualified institutional investors (QIIs) bid for 52 percent of the shares set aside for them.
Employees, who have Rs 10.25 crore worth of shares set aside for them, bought 1.85 times their portion. They will get shares at a discount of Rs 2 apiece to the final offer price.
The price band for the offer, which closes on August 7, has been fixed at Rs 54-57 a share.
Sensex Today | Concord Biotech IPO booked 27% on debut
The maiden public issue of Concord Biotech was subscribed 27 percent on the first day of bidding on August 4 with bids for 39.34 lakh equity shares against an IPO size of 1.46 crore shares.
All investors started putting in bids for the IPO with retail investors buying 38 percent shares of the allotted quota, and employees, who will get 10,000 shares in the offer, have bid 3.81 times the reserved portion.
Employees will be getting the reserved shares at a discount of Rs 70 per share to the final offer price. The price band for the offer is set at Rs 705-741 per share.
The portion set aside for high net-worth individuals (non-institutional investors) was booked 35 percent and that of qualified institutional buyers (QIB) 0.1 percent.
| Company | Price at 13:00 | Price at 13:38 | Chg(%) Hourly Vol |
|---|---|---|---|
| Vertexplus | 185.00 | 194.75 | 9.75 1.20k |
| Airo Lam | 122.05 | 128.40 | 6.35 19.14k |
| Aro Granite | 43.45 | 45.50 | 2.05 2.60k |
| InfoBeans Tech | 451.95 | 472.30 | 20.35 2.08k |
| Bang Overseas | 43.75 | 45.45 | 1.70 905 |
| NBI Industrial | 1,495.00 | 1,552.00 | 57.00 51 |
| Siddhika | 208.00 | 214.55 | 6.55 833 |
| ARHAM | 81.00 | 83.45 | 2.45 5.57k |
| NK Industries | 41.75 | 43.00 | 1.25 773 |
| Manomay Tex Ind | 133.90 | 137.80 | 3.90 72 |
Stock Market LIVE Today | Nesco Q1:
The company reported 41.7 percent jump in its Q1 net profit at Rs 76.1 crore versus Rs 53.7 crore and revenue up 32.6% at Rs 136.6 crore versus Rs 103 crore, YoY.
Stock Market LIVE Today | Computer Age Management Services Q1 Results
Net profit up 18% at Rs 76.3 crore versus Rs 64.7 crore and revenue up 10.4% at Rs 261.3 crore versus Rs 236.6 crore, YoY.
Stock Market LIVE Today | State Bank of India Q1 Results
Net Profit at Rs 16,884 crore versus Rs 6,068 crore and Net Interest Income (NII) up 24.7% at Rs 38,904 crore versus Rs 31,196 crore, YoY.
Gross NPA at 2.76% versus 2.78% and Net NPA at 0.71% versus 0.67%, QoQ.
Stock Market LIVE Today | Nava Q1
Net profit down 13% at Rs 261 crore versus Rs 299 crore and revenue up 2% at Rs 1,042 crore versus Rs 1,025 crore, YoY.
Stock Market LIVE Today | JK Tyre and Industries Q1 Earnings:
Net profit at Rs 154 crore versus Rs 37.2 crore and revenue was up 2.1% at Rs 3,718.1 crore versus Rs 3,643 crore, YoY.
Stock Market LIVE Today | SML Isuzu Q1 Results:
The company has reported net profit of Rs 31.8 crore against Rs 2.3 crore and revenue was up 26.4% at Rs 632 crore versus Rs 500 crore, YoY.
Stock Market LIVE Updates | Dilip Buildcon Q1 results:
Net profit at Rs 12.7 crore versus loss of Rs 54 crore and revenue up 1.3% at Rs 2,921 crore versus Rs 2,884 crore, YoY.
Sensex Today | SBFC Finance IPO subscribed 3.11 times on Day 2
The initial public offering (IPO) of SBFC Finance continued to get a healthy response from investors on August 4, the second day of subscription, with bids coming in for 41.55 crore shares against the offer IPO size of 13.35 crore shares. The issue was subscribed 3.11 times by noon.
High networth individuals and retail investors bought 6.52 times and 3.18 times their allotted quotas, while qualified institutional investors (QIIs) bid for 51 percent of the shares set aside for them.
Employees, who have Rs 10.25 crore worth of shares set aside for them, bought 1.68 times their portion. They will get shares at a discount of Rs 2 apiece to the final offer price.
The price band for the offer, which closes on August 7, has been fixed at Rs 54-57 a share.
