Stock Market Highlights, Aug 13: Sensex sheds 693 pts, Nifty below 24,150; HDFC Bank, SBI, TaMo drag

Stock Market Highlights on August 13, 2024: Broader indices also settled lower, with small-cap shares being the worst hit as the Nifty Smallcap 100 index fell 1.30 per cent

2:16 PM

Aarti Industries stock tanks 16% on heavy volumes on margin concerns

The management anticipates 20-30 per cent volume growth in FY25, although margins are expected to remain under pressure for at least next 1-2 quarters due to continued dumping from China. READ MORE

2:07 PM

ALERT:: Sensex at day's low, down 580 points

1:55 PM

Coffee Day shares tumble 29% in 2 days: What's brewing at CCD operator?

Coffee Day Enterprises share price were under pressure for a second day on Tuesday. At 1:20 PM, Coffee Day shares were down 15 per cent at Rs 33.89 per share as against 364 points, or 0.46 per cent, dip in the benchmark BSE Sensex. In two days, Coffee day Enterprises share price has tumbled 28.6 per cent after the company informed the exchanges that the National Company Law Tribunal (NCLT), Bengaluru bench, has admitted the company for insolvency proceedings. READ MORE

1:33 PM

Hindustan Copper shares jump 6% after profits grow two-fold in Q1 earnings

Hindustan Copper’s stock rose up to 5.6 per cent at Rs 319.65 a piece on the BSE in Tuesday’s intraday deals. The stock price soared after the company on Monday reported its April-June quarter of financial year 2024-25 (Q1FY25). State-owned Hindustan Copper Ltd reported a two-fold increase in consolidated net profit, reaching Rs 113.40 crore for the quarter ending June 30, 2024, which represents a 139.9 per cent increase from Rs 47.28 crore in the same period last year.  READ MORE

 

1:26 PM

Sectoral update :: Banking, Financial Services shares fall over 1%

1:19 PM

Marico resumes normal manufacturing ops at Bangladesh plants; stock up 3%

Marico share price today rose 3.1 per cent to Rs 665.55 per share on the BSE on Tuesday after the company shared an update regarding its operations in Bangladesh. At 12:55 PM, Marico share price was quoting at Rs 666, up 1.88 per cent, on the BSE. By comparison, the benchmark BSE Sensex was down 330 points, or 0.76 per cent, at 79,319 level. READ MORE

1:06 PM

Insurance stocks in focus :: GST Council to meet on Sept 9, to start discussion on rate rationalisation

After the previous Council meeting on June 23, Sitharaman had said the next meeting of the GST Council the Group of Ministers (GoM) on rate rationalisation under Bihar Deputy Chief Minister Sumant Chaudhary, will give a presentation on the status of the work and aspects covered by the panel and work pending before the panel. READ MORE

12:53 PM

Nifty Midcap 150 soars: Profit and market cap have doubled in 5 years

"The Nifty Midcap 150 index has seen a substantial 207% increase in profit after tax to Rs 2.05 lakh crore from June 2019 to June 2024, while its market capitalisation has grown at 360% to Rs 82.5 lakh crore. This period has also seen significant diversification with over 240 meaningful IPOs, collectively exceeding $1 billion in market capitalisation," noted Mirae Asset. READ MORE

12:41 PM

Balrampur Chini stock nears record high, gains 5% on stable Q1 performance

Shares of Balrampur Chini Mills hit an over two-year high at Rs 519.70, surging 5 per cent on the BSE in Tuesday’s intra-day deals after the company delivered a stable performance for the June 2024 quarter (Q1FY25).  The company reported improvement in volumes and realizations in the sugar segment that supported its overall performance. With adequate sugar stocks in India, analysts expect resumption of ethanol-blending program as was the case until Sugar Season (SS) 23.

READ MORE

12:38 PM

Stock Market Check :: Sensex at day's low

12:31 PM

Is HDFC Bank stock a good bet after MSCI August Review? What analysts say

Analysts, on their part, are of the view that long-term investors could continue to hold the stock, irrespective of the MSCI development, as the lender is one of the largest banks in India. In the near-term, however, investors should expect a sideways movement in the stock. READ MORE

12:19 PM

Indus Towers to buyback shares worth Rs 2,640 crore: Exchange filing

Indus tower in an exchange filing said that it is set buyback of up to 5,67,74,193 shares of the company representing approximately 2.107 per cent of equity of the company. The company will buyback shares at a Rs 465 per share, payable in cash for an aggregate amount up to Rs  2,640 crore on a proportionate basis.  The share buyback opens on August 14, and closes on August 21, the company said. 

12:01 PM

Senco Gold shares climb over 9% on healthy Q1FY25 results, growth outlook

Senco Gold shares rally: Shares of Senco Gold, a gems and jewellery maker, climbed 9.18 per cent to Rs 1,131.45 on the BSE during intra-day deals on Tuesday. This was just 4 per cent shy of its 52-week high of Rs 1,176, which it hit on June 28 on the BSE.

The northward rally in the stock came on the back of the company's strong financial results for the first quarter of the fiscal year 2023-24. During the quarter ended June 30, 2024, Senco Gold's consolidated net profit jumped 82 per cent year-on-year (YoY) to Rs 51 crore, compared to Rs 28 crore reported in the corresponding quarter of the previous fiscal year. Read more
 

11:47 AM

Reliance Retail gets Rs 14,839 cr debt from parent for strategic growth

According to the company’s recent financial statement, this funding – the largest from the parent company in the past decade – was provided as an inter-corporate deposit by Reliance Retail Ventures, the holding firm. Read more

11:33 AM

Inox Wind, Inox Wind Energy zoom up to 36% in 2 days on strong earnings

Shares of Inox Wind hit a new high at Rs 237, as they rallied 14 per cent on the BSE in Tuesday’s intra-day trade amid heavy volumes after the company bagged an order for 51 MW from Everrenew Energy Private Ltd, a leading commercial and industrial (C&I) player.

In the past two days, the stock of the wind energy solutions provider has zoomed 36 per cent after reporting a healthy operational performance in June 2024 quarter (Q1FY25). Read more