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Tuesday, December 24, 2024 | 09:22 AM ISTEN Hindi

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Sensex slips 251 pts ahead of inflation data; SBI, IT shares fall

CLOSING BELL: The NSE Nifty 50 ended 86 points lower; Broader indices log deeper cuts. Adani Group shares fall again.

Image SI Reporter New Delhi
Traders, brokers, markets, stocks, shares, investments, funds

2:46 PM

Earnings Alert: SPARC reports Q3 turnaround with Rs 10 cr profit; stock zooms 12%

Sun Pharma Advanced Research Company (SPARC) posted a net profit of Rs 10.15 crore for the quarter ended December 2022 as against a net loss of Rs 15.84 crore in the corresponding quarter a year ago. Total income more-than-doubled to Rs 131.12 crore from Rs 62.49 crore in the same comparable period.

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2:39 PM

Earnings Alert: Vijaya Diagnostic Q3 net declines 35%; stock down 3%

Vijaya Diagnostic reported a 35.4 per cent fall in Q3 net profit at Rs 16.16 crore for the quarter ended December 2022 when compared with Rs 25.03 crore in the corresponding quarter a year ago. Total income, however, was up 2.9 per cent YoY at Rs 114.69 crore from Rs 111.51 crore.

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2:30 PM

IndiGo restores pilots' increments amid financial turnaround, Q3 profit

IndiGo has restored annual increments for more than 4,500 pilots as a financial turnaround helped the airline make a profit in Q3 FY23 after three quarters of loss. READ MORE

indigo, flights, aircraft, aviation

2:22 PM

Earnings Alert: Mukand Q3 net dips 51%; stock down 4%

Mukand's Q3FY23 net profit plunged 51.5 per cent to Rs 16.64 crore as against Rs 34.28 crore in Q3FY22. Total income, however, was up 1.7 per cent YoY to Rs 1,347.41 crore.

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2:14 PM

BSE 500:: City Union Bank, IDFC, Lupin among top losers

City Union Bank down over 16 per cent was the top loser among the BSE 500 stocks. IDFC, Balkrishna Industries, Info Edge (Naukri) and and Lupin down 8 - 14 per cent each were the other major losers so far on Monday. VIEW MORE

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2:05 PM

Earnings Alert: Marksans Pharma Q3 net jumps 29%; stock up 1%

Marksans Pharma reported a 29.1 per cent jump in Q3 net profit at Rs 62.30 crore for the quarter ended December 2022 as against Rs 48.30 crore in Q3FY22. Revenue too grew by 32.3 per cent YoY to Rs 479.80 crore.

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1:57 PM

Kerala govt to raise Rs 400 cr for Adani Ports as part of Vizhinjam pact

Kerala will have to provide Adani Ports Rs 400 crore when 30 per cent of the breakwater is completed and they have been knocking on the doors of the government for a while as part of Vizhinjam pact. READ MORE

Adani Ports, APSEZ

1:47 PM

No breach of law by entities being linked to Adani Group: Mauritius

In its preliminary investigation, the securities market regulator of Mauritius has not found any breach of law by the 38 global companies and 11 funds being associated with Adani Group after the Hindenburg report disclosures, Financial Services Commission (FSC) Chief Executive Dhanesswurnath Vikash Thakoor told Business Standard. READ MORE

Adani, Gautam Adani
1:39 PM

Analysts cautious on mid, smallcaps; await earnings catch-up

It has been a rough ride for the Indian equity markets thus far in calendar year 2023 (CY23) as they grappled with recession-related fears, rising interest rates amid sticky inflation and the developments with the Adani group that marred sentiment. READ MORE

audit firms, companies, investments, laws, investors

1:31 PM

Earnings Alert: BHEL Q3 net soars 121%; stock tumbles 5%

BHEL reported a 121.4 per cent surge in Q3 net profit at Rs 31 crore for the third quarter ended December 2022 as against Rs 14 crore in the corresponding quarter a year ago. Total income, however, was almost flat at Rs 4,939 crore.

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1:23 PM

Going slow: Infosys, Wipro keep Class of 2023 waiting for campus hiring

Excess hiring in the previous year and continued economic uncertainties are affecting campus recruitment by top information technology (IT) services players. READ MORE

business, hiring, job, stock market
1:23 PM

ALERT :: Passenger vehicle sales in January up 17.2% at 2.98 lakh units, shows SIAM data

>> Passenger car sales up 8.1% at 1.36 lakh units

>> Utility vehicle sales up nearly 28% at 1.49 lakh units

>> 2-wheeler sales up 3.5% at 11.8 lakh units

>> Motorcycle sales up nearly 4% at 7.7 lakh units

Note: All % changes are on YoY basis
1:13 PM

Global Check:: China bucks tepid trade in Asian markets, gains around 1%

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Source: Yahoo Finance

1:04 PM

Brokerages downgrade Lupin post weak Q3; see up to 17% downside

Shares of Lupin came under heavy selling pressure on Monday after several brokerages downgraded the stock post its weak earnings growth during the October-December quarter (Q3FY23). The shares fell 7.5 per cent to Rs 681 apiece on the BSE in the intra-day trade so far. READ MORE

lupin

12:55 PM

YES Bank approaches Supreme Court against Bombay HC decision on AT-1 bonds

YES Bank has approached the Supreme Court to challenge the Bombay High Court's January 20 order quashing the write-off of the additional tier-1 (AT-1) bonds, a report by BQ Prime said quoting two people aware of the developments. The bank has said that its administrator had the power to write off these bonds worth Rs 8,415 crore. READ MORE

Supreme Court of India. Photo: ANI

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First Published: Feb 13 2023 | 8:02 AM IST