Stock Market Highlights, July 25: Nifty holds 24,400 amid F&O expiry; Axis Bank falls 5%, TaMo up 6%

Stock Market Highlights today, July 25: The BSE Sensex index ended at 80,040, down 109 points. The BSE Midcap, and SmallCap indices closed 0.2 per cent and 0.14 per cent lower, respectively

11:18 AM

Axis Bank share price sinks 8% post Q1FY25 results shocker; time to buy?

At 11:00 AM, Axis Bank share price was trading near the day's low level with the stock trading as the top laggard on the benchmark BSE Sensex and NSE Nifty50 indices. About 16.58 million shares had cumulatively changed hands on the counter on both the exchanges till the time of writing of this report.  READ MORE

11:06 AM

RNFI Services IPO: How to check allotment; latest GMP, likely listing price

RNFI Services IPO was subscribed 142.62 times in the retail category and 513.31 times in the NII category, while the QIB category received 140.66 times subscription. RNFI Services IPO was available in the price band of Rs 98-105 per share with a lot size of 1200 shares. The company has fixed Rs 105 as the issue price for the IPO. READ MORE

10:52 AM

SME IPO: VL Infra issue closes today; check GMP, subscription status & more

The VL Infra IPO comprises a fresh issue of 4,410,000 shares, aggregating up to Rs 18.52 crore. The public issue is available with a price band of Rs 39 - Rs 42 per share and a lot size of 3000 shares. Investors can bid for a minimum of 3000 shares of VL Infra IPO and in multiples thereof. The minimum amount required by a retail investor to apply for VL Infra IPO is Rs 1,26,000. READ MORE

10:38 AM

Nomura upgrades Tata Motors to 'Buy', sees 26% upside; check new target

Nomura analysts noted the transition from premium to luxury will help Jaguar Land Rover (JLR) stay one level above the high competition segments. Furthermore, the strategy is working well, analysts reckon, as incentives for Land Rover have been well under control despite an increasing trend across the rest of the OEMs. READ MORE

10:25 AM

ALERT :: Concor stock in focus

10:16 AM

PG Electroplast surges 16% on strong Q1 results; zooms 194% in 4 months

“Revenues guidance is now revised to Rs 3,650 crore, which will be a growth of 32.9 per cent over FY24, consolidated revenues (despite the shift of TV business to Goodworth Electronics). Revised net profit guidance now stands at Rs 216 crore, which will be a growth of 57.7 per cent over the FY24 net profit of Rs 137 crore,” the company said in press release. READ MORE

10:01 AM

JK Paper sinks over 11% intraday post weak Q1, trims losses later

>> JK Paper reported a 54.8% Y-o-Y decline in net profit at Rs 139.7 crore for Q1FY25.

>> Ebitda tanked 41.3% to Rs 280.4 crore, Ebitda margin nearly halved to 16.4%

9:44 AM

Cipla Q1 Preview: Restructure in biz may dent sales; profits to rise 7%

Key monitorables: The street will look out for progress on pipeline developments for drugs such as Advair, Abraxane and Symbicort, updates on upcoming peptide launches and regulatory issues at the Goa plant that could potentially impact operations. READ MORE

9:29 AM

RBL Bank trades 2% lower after block deal

>> Baring Private Equity Asia is reportedly looking to exit the lender by divesting its entire 7.9 per cent equity via open market transactions on Thursday.

9:28 AM

IGL declines over 2% after subdued Q1 results

>>  City gas distributor IGL saw an 8.63-per cent Y-o-Y decline in its standalone net profit for Q1FY25 to Rs 400.65 crore. It was up 5.5 per cent Q-o-Q.

>> IGL's total sales volumes rose 5.3 per cent in Q1 to 786 million standard cubic metres (scm), up from 746.2 million scm in the corresponding quarter of the previous year.
 

9:26 AM

L&T holds 1% gains after Q1 results

>> Construction major L&T's consolidated net profit for the June quarter rose 12 per cent to Rs 2,786 crore. It's consolidated revenue increased 15 per cent to Rs 55,120 crore.

9:24 AM

Axis Bank share price: Stock down over 5% on weak asset quality, high LDR in Q1

>> Private lender Axis Bank reported a net profit of Rs 6,035 crore for the April-June quarter (Q1FY25). PAT was up just 4 per cent year-on-year, and down around 15 per cent quarter-on-quarter. 

>> The lender's loan loss provisions rose significantly during the quarter, coupled with weak asset quality. Axis Bank ADRs fell 4.5 per cent overnight in US markets.
 

9:22 AM

Broader markets :: SmallCap index slips but falls less than peers

9:20 AM

Sectoral trends :: Almost all sector indices see negative start; Bank, Metal indices over fall 1% each

9:19 AM

Sensex Heatmap :: 26 of 30 index stocks slide, Axis Bank worst hit