BSE m-cap at Rs 200 trillion as Sensex ends 358 pts up at 50,614; PSBs jump

Robust buying in shares of ITC, Kotak Mahindra Bank, State Bank of India, Bajaj Finance, ICICI Bank, and M&M helped the benchmark S&P BSE Sensex scale fresh lifetime peak of 50,687.51 level

3:00 PM

MARKET UPDATE:: Market capitalisation of BSE-listed companies touches Rs 200 trillion

2:55 PM

MARKET UPDATE:: ITC, Kotak Mahindra Bank, and SBI top contributors to Sensex's rally today

2:52 PM

Sebi ban on Biyani, others won't impact deal with Reliance: Future Retail

Future Retail Ltd has said that SEBI's one-year ban on its Chairperson Kishore Biyani and some other promoters from the securities market will have "no impact" on the Rs 24,713 crore-deal with Reliance. Further, Kishore Biyani, some other promoters and Future Corporate Resources Pvt Ltd (FCRPL) plan to appeal against the order passed by Securities and Exchange Board of India (SEBI) on Wednesday. READ MORE

2:42 PM

NTPC Q3 net profit rises 11% to Rs 3,315 crore; revenue up 4.3%

State-owned power giant NTPC on Thursday reported a net profit of Rs 3,315 crore for the quarter ended December 31, 2020 (Q3FY21), up 11 per cent year-on-year. The net profit was Rs 2,995 crore during the same period a year earlier. Sequentially, profit declined 5 per cent. It was Rs 3,504 crore in the September quarter (Q2FY21). READ MORE

2:32 PM

BUZZING STOCK:: ITC rallies 7%, hits 52-wk high

2:26 PM

Thermax advances 20% on recovery in order inflows in December quarter

Shares of Thermax advanced 20 per cent to Rs 1,218.50 in intra-day trade on the BSE on Thursday after the company said that order inflows witnessed a broad based recovery in sectors ranging from cement, steel, food & beverages during the October-December quarter (Q3FY21). The stock hit a 52-week high, surpassing its previous high of Rs 1,075, touched on February 5, 2020. READ MORE

2:16 PM

MARKET UPDATE:: Sensex hits fresh high after recovering from day's low

2:00 PM

Britannia Q3 preview: Analysts see 20%YoY jump in PAT, 9% volume growth

As India gets on its feet amid ease in Covid-19-induced restrictions, and out-of-home consumption picks up, FMCG firm Britannia Industries’ bottom-line earnings may come under pressure owing to weaker sales on a quarterly basis, and increase in input costs. “While Q3FY21 performance is likely to show signs of recovery led by sustained rural demand and gradual pickup in urban demand post unlock and normalization of supply chain, we believe margins for select players will start correcting QoQ given rising commodity costs and comeback of ad spends, marketing and overhead expenses,” say analysts at Prabhudas Lilladher. READ MORE

1:59 PM

SBI Q3 results: Net profit slips 7% YoY to Rs 5,169 cr on higher provisions

India’s biggest public sector bank (PSB) State Bank of India (SBI) on Thursday reported a 6.9 per cent year-on-year (YoY) drop in standalone net profit at Rs 5,196.22 crore for December quarter of the current fiscal year (Q3FY21). The fall was largely driven by marginal increase in provisions against bad loans. In the year-ago period, the lender had clocked a net profit of Rs 5,583.4 crore. On a quarterly basis, the PAT grew 13.6 per cent from Rs 4,574.2 crore reported in the September quarter of FY21 (Q2FY21). READ MORE

1:58 PM

Whirlpool falls 4% post December quarter numbers

> PAT at Rs 71.36 cr vs Rs 76.49 cr

> Revenue at Rs 1,493.98 cr vs Rs 1,271.24 cr

 

1:49 PM

Result Reaction :: SBI shares jump 2% post Q3 numbers

1:40 PM

SBI Q3 results :: PAT at Rs 5,196 crore

>> Gross NPA at 4.77% vs 5.28% QoQ (Agencies)

1:33 PM

NEWS FLASH :: Strides Pharma to demerge & list its biotech business under Stelis Biopharma

Strides Pharma Science Limited (Strides) today announced that the Board of Directors of the Company have approved in principle the demerger of its biotech business under Stelis Biopharma (Stelis). The demerger is expected to unlock significant value for Strides shareholders. 

>> Net profit at Rs 75.8 crore

 

>> Revenue up 14% YoY at Rs 837.5 cr Vs Rs 735.2 cr 

    

>> EBITDA down 10% YoY at Rs 166.1 cr Vs Rs 185.1 cr 

    

>> EBITDA margin at 20% Vs 25%

 
(Source: BSE Filing)

1:22 PM

Stove Kraft shares may list at 8-10% premium over issue price: Analysts

Over the last few days, the premium on Stove Kraft has come down by nearly 50 per cent from Rs 70-80 per share as investors are concerned about the firm's financial performance and pricing vis-a-vis peers, analysts believe. Some weakness in the secondary market ahead of the Union Budget has also dented the performance of the stock in the grey market. READ MORE

1:11 PM

Jubilant FoodWorks gains 8% on strong sales recovery in December quarter

Shares of Jubilant FoodWorks zoomed 8 per cent to Rs 2,868 in intra-day trade on the BSE on Thursday after the company reported a good operational performance in the December quarter (Q3FY21), with Ebitda earnings before interest, taxes, depreciation, and amortisation) margin improving by 243 basis points (bps) year on year (YoY) at 26.4 per cent. The fast food major runs the Domino's Pizza franchise in the country. READ MORE