Sensex snaps 3-day losing streak, ends 351 pts up; L&T, RIL, ITC shine

CLOSING BELL ON JULY 26, 2023: The NSE Nifty rallied 98 points to 19,778; IT and bank stocks gained ground, while M&M and Bajaj twins slipped on Wednesday.

3:34 PM

Sensex Heatmap :: L&T, ITC, RIL help lift Sensex; Bajaj twins drag

3:33 PM

CLOSING BELL :: Nifty ends above 19,750

3:32 PM

CLOSING BELL :: Sensex snaps 3-day losing streak, gains 350 pts

3:26 PM

ALERT:: Cipla Q1 net surges 41%; stock gains 2%

Cipla Q1 net profit surged 41.3 per cent to Rs 998.07 crore in the quarter ended June 2023 as against Rs 706.14 crore in the corresponding quarter a year ago. Total income was up 18 per cent at Rs 6,465.18 crore from Rs 5,478.62 crore.

3:20 PM

ALERT:: Deepak Fertilisers Q1 net slips 7%; stock slumps 6%

Deepak Fertilisers & Petrochemicals Corporation reported a 6.8 per cent decline in net profit at Rs 93.93 crore in Q1FY24 as against Rs 100.73 crore in Q1FY23. Total income was marginally up at Rs 622.77 crore from Rs 621.69 crore.

3:10 PM

ALERT:: BPCL reports profit of Rs 10,551 cr in Q1; stock up 1%

BPCL posted a net profit of Rs 10,550.88 crore in Q10FY24. In the same period a year ago, the company had reported a net loss of Rs 6,263.05 crore. Total income, however, was down 7.3 per cent YoY at Rs 1,28,748.70 crore.

2:59 PM

ALERT:: Kajaria Ceramics Q1 net flat at Rs 93.66 cr; stock down 2%

Kajaria Ceramics Q1FY24 net profit was almost unmoved at Rs 93.66 crore when compared with Rs 93.35 crore in Q1FY23. Total income rose by 5.6 per cent YoY to Rs 978.34 163.75 crore.

 

2:49 PM

Suzlon Energy tumbles 10% in 2 days post Q1FY24 results

Shares of Suzlon Energy were locked in the 55 lower circuit band for a second straight day on Wednesday after the company's net profit for Q1FY24, including exceptional loss, tumbled to Rs 101 crroe. READ MORE

2:38 PM

ALERT:: Bajaj Finance Q1 net jumps over 25%; stock up 1%

Bajaj Finance today reported a 25.6 per cent growth in Q1 net profit at Rs 2,959.06 crore for the quarter ended June 2023 as against Rs 2,355.92 crore in the corresponding quarter a year ago. Total income was up 30.9 per cent YoY at Rs 10,664.10 crore.

2:27 PM

Education costs double in 6 years: Here's how you can invest for your child

Saving for children’s future is among the top aspirations for many Indians,  as per the annual BankBazaar Aspiration Index study but with while consumer price inflation has been around 6% over the last decade, inflation in education is seen to be around 11-12 per cent. This means that education costs could double every six to seven years. READ MORE

2:19 PM

ALERT:: Aether Industries Q1 net marginally down; stock slips 0.5%

Aether Industries Q1FY24 net profit was down 1.4 per cent at Rs 30.20 crore when compared with Rs 30.62 crore in Q1FY23. Total income declined 1.5 per cent YoY to Rs 163.75 crore.

2:08 PM

ALERT:: TeamLease Services Q1 up 18%; stock gains 2%

TeamLease Services Q1FY24 net profit rose 17.7 per cent to Rs 27.41 crore as against Rs 23.30 crore in Q1FY23. Total income was up 21 per cent YoY at Rs 1,971.99 crore.

1:57 PM

ALERT:: Rane (Madras) Q1 plunges 85%; stock sheds 4%

Rane (Madras) Q1FY24 net profit plunged 85.2 per cent to Rs 2.97 crore when compared with Rs 20.06 crore in Q1FY23. Total income, however, was up 6.2 per cent YoY at Rs 532.11 crore.

1:47 PM

ALERT:: Embassy Office Parks REIT Q1 net down 18%; stock marginally down

Embassy Office Parks REIT Q1 net declined 12.6 per cent to Rs 339.77 crore for the quarter ended June 2023 when compared with Rs 388.96 crore in quarter ended June 2022. Total income was down 4.7 per cent YoY at Rs 520.08 crore.

1:36 PM

Inflation bites off Jubilant Food's Q1 profit; analysts serve earnings cut

What's also worrying the Street is the likelihood of a dismal Q2FY24 performance, which they feel will be marred by soaring milk, cheese and vegetable prices, and an embargo on Ukraine's wheat exports. READ MORE