Sensex drops 354 pts in fag-end, Nifty below 21,800; RIL, Airtel weigh

Stock market highlights on February 5: Among sectors, the Nifty Pharma, and Auto indices rallied over 1 per cent each

9:41 AM

Clean Science and Tech down 2% post Q3 results

>> Clean Science and Technology Ltd.'s profit dropped 25% YoY during Q3FY24 to Rs 62.6 crore.

>> Sequentially, the net profit grew 21%

>> Revenue was down 17.7% YoY at Rs 194.7 crore

>> Ebitda declined 19.8% YoY to Rs 86.6 crore; Margin at 44.4% vs 45.5%.

 

9:38 AM

Reliance Power slides 5% as Q3 net loss widens to Rs 1,137 crroe

>> Reliance Power Ltd reported widening of its consolidated net loss to Rs 1,136.75 crore during the quarter ended December 2023, due to increased expenses.

>> The company's total income increased marginally to Rs 2,001.54 crore in the reporting quarter compared to Rs 1,936.29 crore in the year-ago quarter.

>> The company's expenses surged to Rs 3,179.08 crore in the quarter from Rs 2,126.33 crore a year ago.

9:35 AM

KPI Green Energy hits 5% upper circuit on order win

>> A new order of 15 MW for executing solar power project from Aether Industries Limited have been received by KPIG Energia Private Limited, a wholly-owned subsidiary of the company.

9:34 AM

JSW Energy gains more than 2% on order win

>> JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy Limited, has secured capacity allocation of 6.5 KTPA for setting up of green hydrogen production facility in the first-ever auction conducted by Solar Energy Corporation of India.

9:32 AM

Tilaknagar Industries crashes 7% on I-T searches at company premises

>> The Income Tax (I-T) Department has initiated a search at multiple premises / locations of the company, it said in an exchange filing.

>> "We are fully co-operating with the Income Tax Authorities and are providing them the necessary information, documentation and clarification," it added.
 

9:30 AM

InterGlobe Aviation flies 4% as Q3 net more-than-doubles to Rs 2,998 crore

>> The parent of the country's largest airline IndiGo, on Friday, reported a 111 per cent Y-o-Y jump in net profit at Rs 2,998 crore for the quarter ending December 31, 2023.

9:28 AM

Tata motors zooms 7% as brokerages raise targets post Q3

>> The Tata group company reported a 137.5 per cent Y-o-Y jump in consolidated net profit at Rs 7,025 crore for Q3FY24.

9:26 AM

SBI declines 1% on weak Q3 results

>> The country's largest lender, reported a net profit of Rs 9,164 crore in the October-December quarter (Q3FY24), down 35.5 per cent from Rs 14,205 crore in the same period of the previous year (Q3FY23), due to a Rs 7,100 crore provision for pension liabilities.

>> Sequentially, the public sector lender’s profit was down by 36.05 per cent.

9:25 AM

Buzzing :: Paytm tumbles to revised limit of 10%

>> First, a report in The Hindu BusinessLine suggests the company is in exploratory talks with a few interested investors to sell the wallets business.

>> Second, the RBI had reportedly found hundreds of thousands of accounts at the bank created without proper identification. The central bank is concerned some of these accounts may have been used to launder money. 
 

>> Stock exchanges have revised the circuit limits for Paytm to 10 per cent from 20 per cent, after the stock crashed 36 per cent in two days
 

9:23 AM

ALERT :: NSE website down

9:22 AM

Broader markets hold gains despite weakness in benchmarks

9:20 AM

Sectoral trends :: Financial Services index in red; Auto up 1.5%

9:19 AM

Sensex Heatmap :: 12 of 30 stocks in red; Bank stocks lead losses; SBI down 1.5%

9:18 AM

Opening Bell :: Nifty starts flat

9:16 AM

Opening Bell :: Sensex slips in early deals