Sensex soars 463pts, ends atop 61K; Nifty tops 18050; mid-, smallcaps shine

CLOSING BELL: Healthy buying in heavyweights like Reliance Industries, L&T, ITC, Kotak Bank, SBI, Bharti Airtel, TCS, and HDFC Bank lifted benchmarks on Friday

SI Reporter New Delhi

3:19 PM

Global Check:: UK stock futures down over 1%; US too in red

Source: Investing.com

3:11 PM

ALERT :: IndiaMART InterMESH announces bonus issue in 1:1 ratio

Q4FY23 result
>> Net profit down 2.8% at Rs 55.8 crore YoY

>> Revenue up 33.5% at Rs 268.8 crore YoY

>> EBITDA up 15.6% at Rs 66.1 crore YoY; margin at 24.6% vs 28.4% YoY

Dividend
>> Recommended a final dividend of Rs 20 per equity share for FY23.

Bonus issue
>> The Board recommended issue of Bonus Shares to the equity shareholders of the Company in the proportion of 1 equity share for every 1 existing equity share held.

3:04 PM

Tyre stocks in focus: Ceat, JK Tyre surge up to 11% on healthy margin hopes

Inherent to the tyre industry, raw material costs forms the largest cost head, accounting up to 65 per cent of the total cost, said analysts. READ MORE

2:58 PM

Axis Bank has adequate capital to absorb quarterly loss, says S&P report

Bank's ability to pay dividends is protected, net credit costs have declined: Ratings agency. READ MORE

2:46 PM

Earnings Alert:: MRPL Q4 net plunges over 36%; stock soars 7%

MRPL's Q4 net profit plunged 36.6 per cent to Rs 1,907.98 crore for the quarter ended March 2023 as against Rs 3,008.18 crore in the year ago quarter. Total income, however, was up 4.3 per cent YoY at Rs 29,487.54 crore from Rs 28,265.80 crore.

2:35 PM

News Alert:: Govt appoints Siddhartha Mohanty as LIC chairperson till June 2024

2:26 PM

Adani Cement pre-pays $200 million Holcim debt, seeks loan extension

Adani Cement Industries has pre-paid $200 million in the past week, helping pare a $1 billion mezzanine loan taken from global banks to fund the purchase the Indian units of Holcim Ltd., people familiar with the matter said. READ MORE

2:13 PM

Earnings Alert:: Autl Q4 net slumps 40%; stock slips 2%

Atul reported a sharp 40.4 per cent dip in Q4 net profit at Rs 88.44 for the quarter ended March 2023 when compared with Rs 148.51 crore in the quarter ended March 2022. Total income also declined 21 per cent YoY to Rs 1,122.23 crore.

2:02 PM

Earnings Alert:: CSB Bank Q4 net jumps 20%; stock tanks 4%

CSB Bank reported a net profit of Rs 156.34 crore for the quarter ended March 2023 as against Rs 130.67 crore in the corresponding quarter a year ago. Total income rose 30.8 per cent YoY to Rs 762.81 crore.

1:52 PM

News Alert:: Thermax concludes Rs 271.50 cr order; stock up 0.5%

Thermax informed BSE that it concluded an order of Rs 271.5 crore for India's biggest oil refinery in the private sector for mechanical balance of plant (MBoP) works for the captive power plant (CPP) at their new oil-to-chemical (O2C) facility in the western part of India.

1:40 PM

Global Check:: Nikkei, Taiwan shine in Asian trade

Source: Yahoo Finance

1:25 PM

Earnings Alert:: Tata Metaliks Q4 net up 6%; stock jumps 2%

Tata Metaliks today reported 5.9 per cent rise in Q4FY23 net profit at Rs 55.56 crore when compared with Rs 52.46 crore in Q4FY22. Total income was up 14.1 per cent YoY at Rs 929.66 crore.