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Jan 24, 2023 3:41 PM

Share Market Update | Cashthechaos.com's Jai Bala's view on market

"Markets are consolidating between 17,800 and 18,300 and I see this as a corrective rise as the markets have turned lower, in my opinion. The resistance for the Nifty is about 18,350 maybe can stretch a little towards 18,400 but once 17,850 gets broken on the downside, the markets are heading much lower. And Reliance is not helping the bulls much. If the stock were to close below Rs 2,400, ballpark I would say that is more negative for the Nifty," says Jai Bala of Cashthechaos.com.

Jan 24, 2023 3:40 PM

Market at Close | Sensex and Nifty 50 end flat

-- Broader markets underperform benchmark indices

-- Earnings reaction lead to a sharp move in select (Maruti, Axis, Tata Comm) stocks

-- Maruti surges three percent on strong December quarter while Axis Bank falls more than three percent after earnings

-- Tata Motors closes with a gain of over three percent ahead of its earnings tomorrow

-- In midcap space, Syngene, Strides, Tata Comm, Concor and SBI Card fall on earnings

-- IT stocks continue their gaining momentum, LTImindtree, Mphasis, LTTS top gainers

-- PVR surges ahead of Pathaan movie release, stock closes nearly four percent higher

-- RBL bank falls on brokerage downgrade, closes with a cut of four percent.

-- Syngene, Colgate, HDFC AMC fall too after below-than-expected earnings.

-- Market breadth favours declines, advance-decline ratio at 2:3

Jan 24, 2023 3:37 PM

Rupee at Close | Rupee ends lower at 81.72 vs dollar

Jan 24, 2023 3:34 PM

Stock Market News | SBI Card reports December quarter earnings

-- Net profit up 32.1 percent at Rs 509.5 crore vs Rs 386 crore year-on-year

-- Revenue up 21.4 percent at Rs 3,507.1 crore vs Rs 2,889.5 crore year-on-year

Jan 24, 2023 3:12 PM

Share Market News | This fund house believes IT will never go out of fashion — here's why

In terms of December-ended quarter, the midcap IT performance was very divergent and largecap IT performance was consistent. (Read more)

Jan 24, 2023 3:01 PM

Share Market Live | Strides Pharma reports December quarter earnings

-- Net loss at Rs 80 crore vs loss of Rs 121.7 crore year-on-year

-- Revenue up 8.9 percent at Rs 864.8 crore vs Rs 794.3 crore year-on-year

-- EBITDA at Rs 116.3 crore vs Rs 1.3 crore year-on-year

-- Margin at 13.5 percent vs 0.2 percent year-on-year

Jan 24, 2023 2:54 PM

Share Market News | RBL Bank: Time for a test — tracking the stock rally

Market Laser | Shares of RBL Bank touched a high on January 6, 2023, when it reached nearly Rs 190 and on Monday it closed at Rs 167 almost exactly at the rising trend line from the low of Rs 74 on June 24, 2022. (Read more)

Jan 24, 2023 2:43 PM

Share Market Live | Kaveri Seed Company reports December quarter earnings

-- Net profit at Rs 38 crore vs Rs 7 crore year-on-year

-- Revenue up 14.3 percent at Rs 144 crore vs Rs 126 crore year-on-year

-- EBITDA up 77.3 percent at Rs 13.3 crore vs Rs 7.5 crore year-on-year

-- Margin at 9.2 percent vs six percent year-on-year

Jan 24, 2023 2:19 PM

Stock Market Live | Colgate reports December quarter earning

Jan 24, 2023 1:56 PM

Share Market News | UCO Bank reports December quarter earnings

-- Net profit at Rs 653 crore vs Rs 310.4 crore year-on-year

-- NII up 10.7 percent at Rs 1,951.9 crore vs Rs 1,762.6 crore year-on-year

Jan 24, 2023 1:49 PM

Stock Market News | Axis Bank margin expansion gets analysts’ thumbs up, but loan growth red flagged

Several brokerages have raised their target price on the bank’s shares on the back of its margin that reached a 30-quarter high in the third quarter of the fiscal. (Read more)

Jan 24, 2023 1:38 PM

Share Market News | Tata Coffee reports December quarter earnings

-- Net profit down 39.9 percent at Rs 26.6 crore vs Rs 44.3 crore year-on-year

-- Revenue up 19.3 percent at Rs 746.7 crore vs Rs 626.1 crore year-on-year

-- EBITDA down 19.7 percent at Rs 92.8 crore vs Rs 115.6 crore year-on-year

-- Margin at 12.4 percent vs 18.5 percent year-on-year

Jan 24, 2023 1:34 PM

Stock Market News | Supreme Industries reports December quarter earnings

-- Net profit down 14.5 percent at Rs 210 crore vs Rs 245.7 crore year-on-year.

-- Revenue up 18.8 percent at Rs 2,310.7 crore vs Rs 1,945.1 crore year-on-year.

-- EBITDA down 4.6 percent at Rs 303.4 crore vs Rs 317.9 crore year-on-year.

-- Margin at 13.1 percent vs 16.3 percent year-on-year.

Jan 24, 2023 1:26 PM

Stock Market News | CG Power reports December quarter earnings

-- Net profit down 58.2 percent at Rs 227.9 crore vs Rs 545.1 crore year-on-year

-- Revenue up 14.5 percent at Rs 1,775.4 crore vs Rs 1,551 crore year-on-year

-- EBITDA up 32.5 percent at Rs 275.8 crore vs Rs 208.1 crore year-on-year

-- Margin at 15.5 percent vs 13.4 percent year-on-year

Jan 24, 2023 1:19 PM

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