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Aug 4, 2023 4:01 PM

Market At Close | Nifty Gainers

Aug 4, 2023 3:56 PM

Market At Close | Sensex, Nifty 50 Snap Three-Day Losing Streak, But Fall For Second Straight Week

Aug 4, 2023 3:54 PM

Market This Week | Nifty, Sensex Fall For Second Straight Week, Down 1% Each

- Nifty Bank down one percent.

- Midcaps relatively outperform with Midcap index posting one percent gain for the week.

- IT and Pharma gain the most while realty and PSU Bank are top losing indices

- Hero, SBI, Apollo Hospitals, Bajaj Finserv, Power Grid, Bajaj Auto are top Nifty losers.

- Tech Mahindra, NTPC, HCL Tech, Adani Ent, Coal India are top Nifty gainers.

Aug 4, 2023 3:48 PM

Market At Close | Sensex, Nifty 50 Snap Three-Day Losing Streak

- SBI is top Nifty loser as Q1 earnings are largely below estimates.

- Two-wheeler stocks slip as competition intensity rises, Bajaj Auto top loser

- Eicher fails to hold opening gains after strong earnings, down four percent from highs

- Sun Pharma closes with minor cuts after the management commentary on earnings.

- M&M falls despite strong results, RBL investment in focus, stock three percent off highs.

- Cipla surges up to six percent as reports suggest Blackstone in race to buy promoter stake.

- AB Fashion sees a sharp fall despite an in-line first quarter, stock closes seven percent lower

- Rising gas prices globally weigh on city gas companies, MGL falls six percent despite healthy first quarter.

- LIC Housing reports weak earnings, but stock is up eight percent on positive brokerage note.

- Tyre stocks surge on strong first quarter, MRF and JK Tyre see gains with healthy volumes

- Zomato rises 10 percent as company reports profit for the first time, Info Edge surges too

- Dixon Tech builds on to Thursday’s gains as governement curbs laptop imports.

- Vedanta continues to move lower, down 11 percent this week.

- Market breadth favours advances, advance-decline ratio at 2:1.

Aug 4, 2023 3:32 PM

Stock Market | Here's Why Shares Of Bharat Forge Were In Focus On Friday

Aug 4, 2023 3:25 PM

SBI Q1 Results | Hem Securities' Astha Jain Shah On SBI

"Talking about SBI, I think the net profits were really very strong, because they were above expectations. In fact, net interest income was also very high. In fact, if I look at their GNPA, and NPA ratio, so they have also shown significant improvement. But I think the slippages are somewhat, the streets are really not liking and that's why we are seeing the stock prices to be in the pressure right now. But I think in a long term, definitely, whatever numbers of bankers posted that will really yield the benefit. So in the short term might be, we can see some sort of pressure on the stock prices. But in the long term, I think, again, the stock will gain the momentum, and the prices will move past Rs 600," says Astha Jain Shah, Hem Securities.

Aug 4, 2023 3:13 PM

Vedanta Announces Change In Management

Aug 4, 2023 3:06 PM

Stock Market News | AB Fashion Reports Q1 Numbers

- Net loss at Rs 141.4 crore vs profit of Rs 97.5 crore year-on-year.

- Revenue up 11.2 percent at Rs 3,196 crore vs Rs 2,874.8 crore year-on-year.

- EBITDA down 37.6 percent at Rs 292.3 crore vs Rs 468.5 crore year-on-year.

- Margin at 9.1 percent vs 16.3 percent year-on-year.

Aug 4, 2023 2:50 PM

Bharat Dynamics Share Price | Shares Slump On Q1 Earnings

Aug 4, 2023 2:41 PM

Market News | Century Plyboards Reports Q1 Earnings

- Net profit down 5.9 percent at Rs 86.9 crore vs Rs 92.3 crore year-on-year.

- Revenue up 0.2 percent at Rs 891 crore vs Rs 888.8 crore year-on-year.

- EBITDA down seven percent at Rs 133.2 crore vs Rs 143.2 crore year-on-year.

- EBITDA margin at 15 percent vs 16.1 percent year-on-year.

Aug 4, 2023 2:20 PM

Business News | Sun Pharma Committed To FY24 Revenue Guidance; Analysts Say Shares can Rise 17% More

The June quarter earnings of Sun Pharmaceutical Industries were well ahead of Street estimates. This outperformance was primarily driven by US generics (ex-Taro) including gRevlimid and healthy specialty sales of $232 million notwithstanding seasonality and Mohali or Halol regulatory issues. Read more

Aug 4, 2023 2:12 PM

Market News | SBI Reports Quarterly Numbers

- Provisions at Rs 2,501 crore vs Rs 4,392 crore year-on-year and vs Rs 3,316 crore sequentially.

- Loan growth at 1.1 percent sequentially and 14.9 percent year-on-year.

- Domestic net interest margin at 3.47 percent vs 3.84 percent sequentially.

- Slippages ratio at 0.94 percent vs 0.41 percent sequentially.

- Credit cost at 0.32 percent vs 0.16 percent sequentially.

- Slippages at Rs 7,872 crore vs Rs 3,458 crore sequentially.

- Net interest margin at 3.33 percent vs 3.6 percent sequentially.

Aug 4, 2023 1:54 PM

M&M Q1 Results | Our Capital Allocation Framework Is Unchanged: M&M

- We have invested nearly Rs 400 crores for a 3.5 percent stake in RBL Bank.

- Financial Services is a core area, Mahindra Finance has a valuation close to Rs 40,000 crores.

- This investment is based on a long-term view (7-10 years). The primary purpose is to understand banking, which will enable us to enhance the value of our financial services business.

- We saw an opportunity with an attractive valuation at less than 1x P/B for a very solid bank with a strong management team. We will explore potential for synergies as well.

- While we have mentioned that we may consider increasing our stake to 9.9 percent, we do not expect to invest more unless we see compelling strategic value at some point in the future.

Aug 4, 2023 1:42 PM

SBI Q1 Earnings | Gross NPA At Rs 91,327 Crore Vs Rs 90,928 Crore Sequentially

Aug 4, 2023 1:38 PM

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