Sensex slips 248 pts, Nifty near 19,600; Bajaj Auto zooms 6.5%, Nestle 3.5%

Closing Bell on Thursday, October 19, 2023: Bajaj Auto, LTIMindtree, and Nestle India were the top gainers, soaring 6.5%, 6%, and 3.5%, respectively, post their September quarter results

3:39 PM

Closing Bell :: Sensex slides 248 pts

3:28 PM

Ultratech Cement Ltd Q2FY24 result: Net profit jumps 68% YoY to Rs 1,280 cr

The revenue from operations for Q2FY24 came in at Rs 16,012.13 crore, compared to Rs 13,892.69 crore year-on-year (y-o-y). This is a rise of 15.25 per cent. On a quarter-on-quarter (q-o-q) basis, the revenue for operations was down 9.72 per cent. It stood at Rs 17,737.1 crore in Q1FY24. READ MORE

3:14 PM

This PSU stock is down 10% for 2nd day after 51% rally in preceding 4 days

In the past two days, the stock of the public sector undertaking (PSU) company has declined 19 per cent. It tanked 24 per cent from its 52-week high level of Rs 177.65 touched on Tuesday, October 17, 2023. In the four days prior to this, the stock had zoomed 51 per cent from Rs 117.40 on October 11.  READ MORE

3:01 PM

Granules India gets USFDA nod for generic drug used to treat heartburn

The approval by the US Food & Drug Administration (USFDA) is for the abbreviated new drug application (ANDA) for Esomeprazole Magnesium delayed-release capsules of strengths 20 mg and 40 mg. READ MORE

2:51 PM

Sector Alert:: Nifty Auto outperforms; Bajaj Auto zooms 7%, Hero Moto 3%

2:41 PM

ALERT:: South Indian Bank Q2 net jumps 23%; stock up 0.5%

South Indian Bank today reported a 23.2 per cent growth in Q2 net profit at Rs 274.81 crore when compared with Rs 223.10 crore in the corresponding quarter a year ago. Total income advanced 24.5 per cent YoY to Rs 2,484.77 crore.

2:30 PM

Parag Milk Foods appoints Rahul Kumar Srivastava as COO; stock jumps 3%

Rahul Kumar Srivastava's presence is poised to be instrumental in Parag Milk Foods' journey toward a new era of leadership and growth, said the company in a BSE filing. 

2:20 PM

MMTC at lower circuit, sinks 19% in 2 days on reports govt may wind it down

Shares of MMTC Ltd were locked in the 10 per cent lower circuit on BSE for a second straight session on Thursday amid reports that the government may wind down the PSU due to a lack of investor interest in its offer-for-sale (OFS). 

2:08 PM

ALERT:: Kirloskar Pneumatic Q2 net up 12% QoQ; stock sheds 5%

Accelya Solutions today reported 12 per cent growth in Q2 net profit at Rs 20.20 crore for the quarter ended September 2023 when compared with Rs 17.90 crore in the preceeding quarter (Q1FY24). Total income was up 16 per cent QoQ at Rs 286 crore.

1:57 PM

EU debates how to handle challenges as Israel-Hamas war provokes concerns

Sweden hosted a meeting of ministers from eight countries, among them Germany, Belgium and France, focused on how to handle incidents where people burn the Muslim holy book, the Quran. READ MORE

1:45 PM

ALERT:: Accelya Solutions Q2 net slips 5%; stock tumbles 5%

Accelya Solutions today reported a 4.8 per cent decline in Q2 net profit at Rs 31.53 crore for the qaurter ended September 2023 when compared with Rs 33.11 crore in the corresponding quarter a year ago. Total income, however, rose 10.4 per cent YoY to Rs 127.29 crore.

1:34 PM

ALERT:: Satin Creditcare Network okays Rs 300 cr fund raise; stock soars 4%

The board of directors of Satin Creditcare Network, on Thursday, approved a propsal for raising of funds for an aggregate amount of up to Rs 300 crore. 

1:22 PM

ALERT:: PVR-Inox reports Rs 166.20 crore profit; stock down 1%

PVR-Inox reported a net profit of Rs 166.20 crore for the quarter ended September 2023, and total income of Rs 2,023.70 crore. The figures as not comparable as PVR-Inox merger was effective February 2023.

1:11 PM

Asian Market Update: Nikkei, Hang Seng plunge up to 2%

Source: Yahoo Finance

1:02 PM

Festive car discounts soar this year as supplies improve: Car dealers

As the festive season gains momentum, car dealerships across India are offering discounts ranging from Rs 25,000 to over Rs 1 lakh for various models. Dealer sources reveal that festival discounts are higher than those offered in the 2022 festive period which was affected by supply chain issues of electronic components for cars. READ