Stock Market Highlights, July 29: Benchmarks end flat after hitting record highs; most sectors gain

Stock Market Highlights on Monday, July 29: Among the broader indices, Midcap outperformed the others, as the Nifty Midcap 100 index hit a fresh 52-week high of 58,455.10

2:15 PM

ALERT:: Bharat Electronics Q1 net surges 46%; stock up 4%

Bharat Electronics in an exchange filing today posted 46.2 per cent growth in Q1FY25 net profit at Rs 776.14 crore when compared with Rs 530.84 crore in Q1FY24. Total income rose by 20.5 per cent YoY to Rs 4,400.27 crore from Rs 3,652.25 crore.

2:08 PM

ALERT:: Voltamp Transformers Q1 net jumps 56%; stock rises 3%

Voltamp Transformers in an exchange filing today posted 56.4 per cent growth in Q1FY25 net profit at Rs 79.44 crore when compared with Rs 50.78 crore in Q1FY24. Total income rose by 32.4 per cent year-on-year to Rs 456.94 crore from Rs 345.22 crore.

 

The company's board approvd a proposal to increase capacity by 6,000 MVA p.a. in the next months with an investment of Rs 200 crore.

1:57 PM

This Reliance group stock has rallied 52% in 9 days; zoomed 120% in 5 weeks

Shares of Lotus Chocolate Company were locked in the upper circuit for the eight straight trading day, up 5 per cent at Rs 1,035 on the BSE as of 12:14 pm on Monday. READ MORE

1:42 PM

Nifty Realty up 2.5% on July 29; what's driving the rally? Analysts weigh

A major driver behind this rally, analysts said, is DLF’s strong June quarter performance.  READ MORE

1:32 PM

ALERT:: Arvind Q1 net dips 40%; stock slips 2%

Arvind today posted a 40 per cent dip in Q1FY25 net profit at Rs 65 crore when compared with Rs 39 crore in Q1FY24. Revenue from operations declined 1 per cent year-on-year to Rs 1,853 crore from Rs 1,831 crore.

1:19 PM

Ola Electric's IPO price out! How does it stack up against listed peers?

Most of the listed peers are primarily internal combustion engine (ICE) makers. Nonetheless, it is important to see how the Bengaluru-based firm stacks up against them. READ MORE

1:10 PM

NBCC rallies 4% after arm bags Rs 411 cr order; stock up 38% in six months

The rise in the NBCC share price came after the State-owned company announced that its arm, HSCC (India) Limited, has secured an order worth Rs 411.45 crore. READ MORE

12:57 PM

L&T gains 3% on winning large orders; rallies 8% in 3 days post Q1 results

Share price of Larsen & Toubro today was up 3 per cent to Rs 3,785 on the BSE in intra-day trade, after the company won multiple large orders to build grid elements forming backbone of clean energy transition. L&T classifies orders ranging between Rs 2,500 crore to Rs 5,000 crore as "large" orders. READ MORE

12:44 PM

ALERT:: Adani Wilmar reports Q1 turnaround with Rs 313 cr profit; stock zooms 7%

Adani Wilmar today posted a turnaround for the June quarter, with a consolidated net profit to Rs 313 crore as against a net loss of Rs 79 crore in Q1FY24. Revenue from operations grew by 10 per cent Year-on-Year to Rs 14,169 crore from Rs 12,928 crore.

12:34 PM

Nifty PSU Bank index surges 3%; PNB soars 7% on strong Q1 results

PNB, BoI, BoB, Uco Bank and IOB rallied over 3% each. SBI, Canara Bank, Union Bank of India, Indian Bank and Central Bank were up 2-3%. READ MORE

12:27 PM

ALERT:: Sensex slips into red, down 700 pts from record high

12:12 PM

KFin Technologies hits 52-week high on robust Q1FY25; topline grows 31%

The surge in the stock price came after the company posted a strong set of June quarter results (Q1FY25). READ MORE

12:03 PM

Govt considers reintroducing 15% concessional corporate tax in FY26 Budget

The Centre has set up an internal committee to evaluate the benefits of the 15% concessional tax rate scheme for new domestic manufacturing units, introduced in FY20. READ MORE

11:49 AM

Why is China turning its back to gold jewellery? Chris Wood explains

In dollar terms, gold prices hit $2,331/oz at the end of H1-CY24, according to WGC data, rising 12.1 per cent during this period. READ MORE

11:39 AM

ALERT:: Sensex hits new high, up over 450 points