Home
Markets
Updated – July 29, 2024 at 01:20 PM.
Sensex, Nifty, Share Prices LIVE: Benchmark indices Sensex and Nifty extended their gains by mid-session on Monday. At 12 noon, Sensex was at 81,853.22, up 520.50 points or 0.64% per cent firmer. Nifty was at 24,984.80, up 149.95 points or 0.6% per cent firmer. The Nifty bank was at 52,302, up 1,006 points or 1.96 per cent firmer
tock Market today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for July 29, 2024.
ALL UPDATES
July 29, 2024 13:09
Stock Market Live News: Cement prices, demand see a noticeable decline in July, says Elara Securities
Elara Securities on the cement sector:
Based on our interactions with cement dealers, sales executives and C&F agents, there has been a noticeable decline in cement prices and demand in July following a muted Q1FY25. Pricing pressure continues in July, with more pronounced price drops observed in South and East India. Therefore, all-India average retail price in July fell INR 9 per 50kg bag MoM to INR 341. A breakdown of regional price movement reveals South India experienced the sharpest decline, with prices dropping by INR 13 per bag, followed by East India with a reduction of INR 12 per bag while North India saw a dip of INR 7 per bag. Prices in Central and West India fell by INR 6 per bag each.
On the demand side, several factors contributed to soft demand in July. The ongoing Monsoon along with region-specific challenges, such as limited sand availability, labor non-availability in several parts due to rise in harvesting activities, and liquidity constraints have dampened demand in the current month. According to market intermediaries, Monsoon is set to continue adversely affect demand in the near term. As a result, any attempts to raise prices in August are unlikely to sustain given the prevailing market conditions.
July 29, 2024 13:06
Stock Market Today: Arvind stock falls 2.72% after posting a fall in Q1 net profit
Arvind Ltd recorded its standalone net profit for the quarter ended June 2024 at ₹39.82 crore as against ₹64.05 crore in the corresponding quarter last year.
The stock fell 2.72% on the NSE, trading at ₹375.80.
July 29, 2024 13:04
Stock Market Live Updates: Motilal Oswal Financial Services’ derivative rollover note
Derivative Rollover Note by Motilal Oswal Financial Services:
· Nifty index kick started the July series on a positive note and bulls were seen completely in charge for most part of the series and touched a fresh all time high of 24854 levels.
· The index witnessed buying interest for most part of the series with some profit booking in the last week and still gave the highest ever closing.
· Nifty formed a Bullish candle on expiry to expiry basis and has been making higher highs from the last nine series.
· July series witnessed a reduction in open interest by 9% with a rise in price by 1.5% on an expiry-to-expiry basis which indicates some short covering move in the index. Rollover of Nifty stood at 69.7%, which is lower than its quarterly average of 72.6% and lower than the rollover of the last two months.
July 29, 2024 13:00
Stock market live updates today: Geojit Financial Services on L&T – Strong revenue on improved execution
Larsen & Toubro Ltd (L&T) is an engineering & construction (E&C) conglomerate with presence in IT and financial services sectors and operations in more than 30 countries
In Q1FY25, L&T revenue grew 15.1% YoY to Rs. 55,120cr, driven by robust executional order book in hand combined with accelerated contributions from international business to 48% vs 40% in Q1FY24.
Order book stood all-time high at Rs. 4,909bn and the EBITDA margin was stable at 10.2%, as revenue cost mix remained the same.
L&T delivered resilient quarterly performance in Q1FY25. Further, the recent government budget, increasing demand for international projects and a healthy order book in hand provide a positive outlook.
Hence, we reiterate our BUY rating on the stock with a revised target price of Rs. 4,179 based on sum-of-the-parts (SOTP) valuation.
July 29, 2024 12:59
Stock market live updates today: Centrum Broking on Shriram Finance – Strong growth in a weak environment (Buy, TP: Rs3,480)
Shriram reported strong performance in 1QFY25 aided by robust AUM growth (up 21% YoY and 4% QoQ) and healthy return profile with RoA (calc) at 3.3%. NII was up 25% YoY and 3% QoQ (5% above est). NIMs (on AUM, calc) declined 13bps QoQ to 9.1% was due to change in product mix. Going ahead, some margin improvement can be expected. Operating profits increased 23% YoY and down 1% QoQ (5% above our estimates) while PAT grew 18% YoY and 2.0% QoQ (6% ahead of our estimates). Asset Quality continues to improve further. The management expressed confidence in achieving upwards of 15% AUM growth for FY25. Regarding the quarterly performance, the management highlighted that there was no substantial impact of election and hence credit offtake was good. Owing to a robust economic environment, a shift in AUM mix towards higher-yielding assets, and operating leverage is expected to drive a 20-30bps expansion in RoA over the next couple of years. The sale of the housing subsidiary, anticipated to be completed by February 2025, SFL is set to receive Rs3,900cr from the sale, resulting in an increase in CRAR by ~80 bps. We build in AUM/PAT CAGR at 16%/19% over FY24-26E and RoA/RoE at 3.4%/16.4% for FY26E. We maintain BUY on the stock with a TP of Rs3480 by assigning 2.25x P/ABV FY26E and an upside of 19% from current levels.
July 29, 2024 12:58
Stock market live updates today: IRB InvIT Fund to distribute Rs 116 crore to unit holders at the rate of Rs 2 per unit for the first quarter of FY25
IRB InvIT Fund, India’s first listed Infrastructure Investment Trust will distribute Rs 116 crores to unit holders at the rate of Rs 2 per unit for the first quarter of FY25.
The board of IRB Infrastructure, an Investment Manager to the IRB InvIT Fund, announced the distribution in a board meeting convened for the Q1FY25 financial results of IRB InvIT Fund.
The Trust has set July 31, 2024, as a record date for distribution and the same will be paid to the unit holders on or before 9th August 2024.
July 29, 2024 12:53
Stock market live updates: TTK Prestige to launch new products in second quarter
TTK Prestige is planning new product development with launches in the second quarter, leveraging the festive season across appliances, cookware, and cookers
July 29, 2024 12:51
Stock market live updates: Meghmani Organics in a presentation says it expects to contribute to topline growth and generate a blended EBITDA margin of ~14-15%
July 29, 2024 12:49
Stock market live updates today: Amber Enterprises developing air-conditioner for trains, which will take 2.5 years to complete, and expects global opportunities to open up on completion
July 29, 2024 12:47
Stock market live updates today: Vedanta in focus
MSCI related inflows expected in last 30 minutes today. MSCI will adjust the free float today, leading to a slight weight increase in the stock
According to Nuvama Alternative, the weight increase will result in an inflow of $45 million
July 29, 2024 12:46
Stock market live updates today: Motilal Oswal maintains ‘Buy’ rating on Kaynes Technologies with target price of Rs 5,000.
July 29, 2024 12:46
Stock market live updates today: ICICI Bank Q1 net up 15%; shares rise 1.38% on NSE
ICICI Bank shares rise 1.38% on the NSE, trading at ₹1,223.85. The bank recorded a 15 per cent year-on-year increase in the first quarter (Q1FY25) standalone net profit at ₹11,059 crore, on the back of moderate growth in net interest income (NII) and robust growth in other income.
July 29, 2024 12:32
Stock market live updates today: Commodity Call: Copper: Short-term corrective rise is possible
Copper prices are under pressure and have been falling over the last three weeks. The Copper Futures contract on the Multi Commodity Exchange (MCX) had tumbled about 10 per cent in the last three weeks. The contract had touched a low of ₹777 per kg last week. However, it has got a breather at the opening trades today. The contract has bounced and is currently trading at ₹791 per kg. Read more
July 29, 2024 12:26
Stock market live updates today: Stocks that hit a 52-week high on NSE:
EID Parry (6.54%), CUB (6.29%), Ashok Leyland (4.76%), Karur Vysya (1.97%), Lupin (1.80%)
July 29, 2024 12:23
Stock market live updates today: Adani Wilmar net profit at ₹323.55 crore in June quarter; stock surges 4.83% on NSE
Adani Wilmar recorded a standalone net profit of ₹323.55 crore for the quarter ended June 2024, as against a loss of ₹38.44 crore in the corresponding quarter last year.
AWL stock surges 4.83% on the NSE, trading at ₹340.85.
July 29, 2024 12:15
Stock market live updates today: NeuralGarage, a Generative AI company, collaborates with UFO Moviez, a digital cinema distribution network; UFO Moviez stock surges 3.92% on NSE
NeuralGarage, a Bengaluru-based Generative AI company, has collaborated with UFO Moviez, digital cinema distribution network and in-cinema advertising platform.
UFO Moviez stock surges 3.92% on the NSE, trading at ₹137.
July 29, 2024 12:13
Stock market live updates today: Top gainers and losers on the NSE at 12 noon
Top gainers: SBI (2.97%), ICICI Bank (2.86%), IndusInd (2.69%), Divi’s Lab (2.53%), L&T (2.42%)
Top losers: Tata Consumer Products (-2.06%), Tech Mahindra (-1.88%), Titan (-1.84%), Bharti Airtel (-1.72%), Cipla (-1.67%)
July 29, 2024 12:12
Stock market live updates today: BSE Sensex jumped 501.05 points or 0.62 % to trade at 81,833.77, and Nifty 50 rose 142.35 points or 0.57% at 24,977.20 as at 12.01 pm
July 29, 2024 12:11
Stock market live updates today: BSE snapshot at noon
A total of 4,036 stocks were traded on the BSE at 12 noon on July 29, 2024. While 2,611 advanced, 1,262 stocks declined; 163 stocks remained unchanged. While 358 stocks that recorded a 52-week high, 18 hit a 52-week low.
In addition, 430 stocks traded in the upper circuit and 183 stocks hit the lower circuit.
July 29, 2024 11:59
Stock market live updates today: Honda India Power gets assessment order with disallowances of certain expenditure resulting into tax demand ₹17.88 crore including interest
Honda India Power Products receives assessment order with disallowances of certain expenditure resulting into tax demand ₹17.88 crore including interest.
Stock trades at ₹3,977.45 on the NSE, down by 0.40%.
July 29, 2024 11:58
Stock market live updates today: Styrenix Performance Materials awards contract to Toyo Engineering India Pvt Ltd; Styrenix Performance stock up 0.15% at ₹2,680 on NSE
July 29, 2024 11:57
Stock market live updates today: NIIT Institute of Finance, Banking and Insurance, an NIIT arm, launches ACE Banker Programme with HDFC Bank; NIIT, HDFC Bank shares ride up
NIIT Institute of Finance, Banking and Insurance (NIIT IFBI), a subsidiary of NIIT, has announced the launch of the ACE Banker Programme in collaboration with HDFC Bank.
NIIT stock inches up 0.89% to trade at ₹128.73. HDFC Bank stock trades at ₹1,630.05 on the NSE, up 0.74%.
July 29, 2024 11:53
Stock market live updates today: Bandhan Bank shares surge over 13% after June quarter earnings
Shares of Bandhan Bank surged over 13 per cent in morning trade on Monday after the private sector firm posted a 47 per cent jump in its net profit to ₹1,063 crore for the June 2024 quarter due to a decline in bad loans.
The stock soared 11.97 per cent to ₹215.50 on the BSE. At the NSE, it jumped 13.35 per cent to ₹218.20.
The lender had earned a net profit of ₹721 crore in the year-ago period. Read more
July 29, 2024 11:40
Stock market live updates today: Rupee hits new low, weighed down by month-end importer dollar bids
The rupee weakened to an all-time low on Monday, pressured by dollar demand from importers, including oil companies, even as most of its Asian peers logged gains. Read more
July 29, 2024 11:34
Stock market live updates today: Goa Carbon unit temporarily shut down for maintenance work; stock edges up on NSE
Goa Carbon unit at St. Jose de Areal, Salcete-Goa, has been temporarily shut down for maintenance work from today, 29th July 2024.
Goa Carbon stock trades at ₹756.75 on the NSE, up 0.87%
July 29, 2024 11:10
Stock Market Live Today: Astral relocates Unnao adhesive plant operations to Rania and Dahej
Astral has shifted the operation of its adhesive manufacturing Plant situated at Unnao, Dist. Unnao (Uttar Pradesh) by moving the Unnao plant manufacturing facilities in nearby Adhesive plant at Rania (Kanpur Dehat) and our new Plant situated at Dahej (Gujarat).
July 29, 2024 11:06
Stock Market Live Today: Top gainers and losers on the BSE at 11 am
Top gainers:
RITES (11.33%), Bandhan Bank (10.78%), VST Industries (8.30%), EID Parry (7.54%), KSCL (7.50%)
Top losers:
Spandana (-5.57%), Laxmi Organic (-4.68%), Equitas (-4.52%), Mphasis (-3.50%), Latent View (-3.33%)
July 29, 2024 11:06
Stock Market Live Today: UltraTech to acquire 32.72% stake in India Cements
UltraTech Cement will acquire a 32.72 per cent stake in India Cements from promoters and their associates for ₹3,954 crore.
UltraTech Cement stock inches up 0.73% on the NSE, trading at ₹11,758.70
July 29, 2024 11:04
Stock Market Live Today | SRM Contractors: Received NHAI project worth ₹171.24 crore; stock rises 1.85%
SRM Contractors has got a new project and has been provided with Letter of Acceptance (LOA) for PBMC Project of NHAI (National Highway Authority of India) for aggregate quoted price of Rs.171,23,78,001.
SRM Contractors stock rose 1.85% on the NSE, trading at ₹252.90.
July 29, 2024 11:00
Stock Market Live Today: Bank Nifty Prediction Today – July 29, 2024: Resistance ahead. Go long on a break above it
Bank Nifty July Futures can rise to 52,200-52,250 on a break above 52,000.
Read more here.
July 29, 2024 10:55
Stock market Live Today: Harshdeep Hortico receives ₹51.39 lakh flower pot order
Harshdeep Hortico has received purchase order from Green World Nursery & Landscape for supply of Flower pots. The Order value is ₹51,38,868.86 Inclusive of all taxes.
July 29, 2024 10:52
Stock market live updates today: Nifty Prediction Today – July 29, 2024: Bullish, but wait for a breakout to go long
Nifty 50 opened with a wide gap-up at 24,943 and has come down from there. It is currently trading at 24,881, up 0.19 per cent. The advances/declines ratio is at 24:26. Read more
July 29, 2024 10:49
Stock market live updates today: Bartronics India inks pact with Bestvantage Technology India Pvt Ltd. Bartronics India stock rose 1.23% on the NSE, trading at ₹22.16
July 29, 2024 10:34
Stock market live updates today: Sensex, Nifty hit record levels in early trade
Equity market benchmark indices Sensex and Nifty hit their new all-time high levels in early trade on Monday in-tandem with a rally in global peers and fresh foreign fund inflows. Read more
July 29, 2024 10:33
Stock market live updates today: Crude oil up due to rising tensions in West Asia
Crude oil futures traded higher on Monday morning due to fears of rising conflict in the West Asia region. Read more
July 29, 2024 10:31
Stock market live updates today: Cipla stock declines 2.36% on NSE, trading at ₹1,537.85
Cipla stock declines 2.36% on NSE, trading at ₹1,537.85. The company expects to commence supplies to the US market from its China facility in the second half of the current fiscal after getting approval from the American health regulator, according to its MD and global CEO Umang Vohra.
July 29, 2024 10:30
Stock market live updates today: PNB shares up 5.75% at ₹126.85 after Q1 results
For more updates click here
July 29, 2024 10:29
Stock market live updates today: NBCC (India) arm secures ₹411.45 crore contract for New Government Medical College of 100 student capacity and 430 bedded hospital at Buldhana.
HSCC (India) Ltd, a wholly-owned subsidiary of NBCC (India) Ltd, has secured a contract worth ₹411.45 crore for construction of New Government Medical College of 100 student capacity and 430 bedded Hospital at Buldhana.
NBCC stock rose 2.30% on the NSE, trading at ₹178.54
July 29, 2024 10:26
Stock market live updates today: Man Infraconstruction Ltd (MICL Group) has sold 50% of units in Aaradhya OnePark within six months of launch in January; stock up
on NSE
July 29, 2024 10:24
Stock market live updates today: L&T wins multiple orders worth ₹2500-5000 crore to build grid elements forming backbone of clean energy transition; stock rose 2.09% to trade at ₹3,756.70
July 29, 2024 10:23
Stock market live updates today: Top gainers among Nifty PSU Bank stocks
PNB (6.24%)
IOB (4.32%)
PSB (3.97%)
Bank of India (3.96%)
Bank of Baroda (3.18%)
July 29, 2024 10:23
Stock market live updates today: Nifty PSU Bank was up 3.10% to trade at 7,496.10.
July 29, 2024 10:22
Stock market live updates today: Remedium Lifecare in pact with Angel Partners
Remedium Lifecare Ltd. has entered into agreement with Angel Partners, Ltd., UK, to acquire technology for manufacturing lithium carbonate. Company also signed an annual Supply Agreement with Alfa Chemicals and Solvents Ltd., Turkey, effective the same date. Supplies of technical-grade lithium carbonate will commence in the January-March 2025 quarter. The supplies for CY 2025 are valued at $20-25 million.
Stock rallies 9.93% on the BSE, trading at ₹15.83
July 29, 2024 10:21
Stock market live updates today: SpiceJet stock jumps 5.17% on BSE, trading at ₹60.60.
SpiceJet stock jumps 5.17% on the BSE, trading at ₹60.60. The airlines welcomed Supreme Court’s decision to dismiss an appeal filed by Kalanithi Maran and Kal Airways challenging a Delhi High Court division bench ruling in favour of the airline.
July 29, 2024 10:20
Stock market live updates today: European Agency has positive opinion on Dr Reddy’s proposed biosimilar candidate in European markets
Dr. Reddy’s Laboratories Ltd. has announced that the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion recommending the launch of its proposed biosimilar Rituximab candidate in European markets.
Dr. Reddy’s Laboratories stock trades at ₹6,820 on the NSE, down by 0.85%.
July 29, 2024 10:18
Stock market live updates today: JSW Neo Energy receives Letter of Intent from Gujarat Urja Vikas Nigam
JSW Neo Energy Ltd, a wholly-owned subsidiary of JSW Energy, has received a Letter of Intent from Gujarat Urja Vikas Nigam Ltd, for setting up 192 MW Grid connected Hybrid Power Project, including an additional 96 MW under the green shoe option.
JSW Energy stock trades at ₹688.70 on the NSE, down by 0.70%.
July 29, 2024 10:16
Stock market live updates today: Gensol Engineering Ltd receives EPC award for ₹ 463 Crore solar plant at Gujarat’s Khavda RE Power Park. Stock surges 3.19% on NSE, trading at ₹997.45
July 29, 2024 10:15
Stock market live updates today: Zen Technologies Ltd.
| CMP Rs. 1531 | M Cap Rs. 12860 Cr | 52 W H/L 1531/578
(Nirmal Bang Retail Research)
Order book Came at Rs.1159cr QoQ Rs.1402cr YoY Rs.543cr
Result
Revenue from Operations came at Rs. 254.6 Cr (80.1% QoQ, 92.2% YoY) vs QoQ Rs. 141.4 Cr, YoY Rs. 132.4 Cr
EBIDTA came at Rs. 111.4 Cr (120.9% QoQ, 61.6% YoY) vs QoQ Rs. 50.4 Cr, YoY Rs. 68.9 Cr
EBITDA Margin came at 43.7% vs QoQ 35.7%, YoY 52%
Adj. PAT came at Rs. 76.8 Cr vs QoQ Rs. 32.5 Cr, YoY Rs. 47.1 Cr
Quarter EPS is Rs. 9.1
Stock is trading at P/E of 82.9x TTM EPS
July 29, 2024 10:14
Stock market live updates today: Associated Alcohols & Breweries Ltd.
CMP Rs. 798 | M Cap Rs. 1444 Cr | 52 W H/L 817/399
(Nirmal Bang Retail Research)
Result improved
Revenue from Operations came at Rs. 251.8 Cr (3.9% QoQ, 61% YoY) vs QoQ Rs. 242.2 Cr, YoY Rs. 156.4 Cr
EBIDTA came at Rs. 28.1 Cr (52.4% QoQ, 52.1% YoY) vs QoQ Rs. 18.5 Cr, YoY Rs. 18.5 Cr
EBITDA Margin came at 11.2% vs QoQ 7.6%, YoY 11.8%
Adj. PAT came at Rs. 17.7 Cr vs QoQ Rs. 12.3 Cr, YoY Rs. 12.3 Cr
Quarter EPS is Rs. 9.8
Stock is trading at P/E of 25.8x TTM EPS
July 29, 2024 10:14
Stock market live updates today: Genus Power Infrastructures Ltd
CMP Rs. 366 | M Cap Rs. 11117 Cr | 52 W H/L 381/172
(Nirmal Bang Retail Research)
Result improved
Revenue from Operations came at Rs. 414.2 Cr (-1.4% QoQ, 58.6% YoY) vs QoQ Rs. 420.1 Cr, YoY Rs. 261.1 Cr
EBIDTA came at Rs. 63.2 Cr (16.5% QoQ, 121.8% YoY) vs QoQ Rs. 54.2 Cr, YoY Rs. 28.5 Cr
EBITDA Margin came at 15.2% vs QoQ 12.9%, YoY 10.9%
Adj. PAT came at Rs. 48.3 Cr vs QoQ Rs. 24.3 Cr, YoY Rs. 23.1 Cr
Quarter EPS is Rs. 1.6
Stock is trading at P/E of 99.3x TTM EPS
July 29, 2024 10:13
Stock market live updates today: IFB Industries Ltd
| CMP Rs. 1842 | M Cap Rs. 7464 Cr | 52 W H/L 1867/818
(Nirmal Bang Retail Research)
Result improved
Revenue from Operations came at Rs. 1269.2 Cr (16.4% QoQ, 16.9% YoY) vs QoQ Rs. 1090.2 Cr, YoY Rs. 1085.9 Cr
EBIDTA came at Rs. 81.7 Cr (75.5% QoQ, 134.8% YoY) vs QoQ Rs. 46.5 Cr, YoY Rs. 34.8 Cr
EBITDA Margin came at 6.4% vs QoQ 4.3%, YoY 3.2%
Adj. PAT came at Rs. 37.5 Cr vs QoQ Rs. 12 Cr, YoY Rs. -0.6 Cr
Quarter EPS is Rs. 9.3
Stock is trading at P/E of 45.9x FY25E EPS
July 29, 2024 10:12
Stock market live updates today: Dr. Reddy’s Laboratories Ltd.
CMP Rs. 6892 | M Cap Rs. 114974 Cr | 52 W H/L 6960/5212
(Nirmal Bang Retail Research)
Result marginally ahead of Expectation
Company announced stock split from Rs.5 paid up to Rs.1 paid up
Revenue from Operations came at Rs. 7696.1 Cr (8.2% QoQ, 13.9% YoY) vs expectation of Rs. 7272.7 Cr, QoQ Rs. 7113.8 Cr, YoY Rs. 6757.9 Cr
EBIDTA came at Rs. 2129.9 Cr (16.3% QoQ, 3.3% YoY) vs expectation of Rs. 2026.8 Cr, QoQ Rs. 1831.2 Cr, YoY Rs. 2062.1 Cr
EBITDA Margin came at 27.7% vs expectation of 27.9%, QoQ 25.7%, YoY 30.5%
Adj. PAT came at Rs. 1392.4 Cr vs expectation of Rs. 1326.4 Cr, QoQ Rs. 1309.8 Cr, YoY Rs. 1405 Cr
Quarter EPS is Rs. 83.5
Stock is trading at P/E of 20.3x FY25E EPS
July 29, 2024 10:12
Stock market live updates today: Zen Technologies Ltd.
| CMP Rs. 1531 | M Cap Rs. 12860 Cr | 52 W H/L 1531/578
(Nirmal Bang Retail Research)
Order book Came at Rs.1159cr QoQ Rs.1402cr YoY Rs.543cr
Result
Revenue from Operations came at Rs. 254.6 Cr (80.1% QoQ, 92.2% YoY) vs QoQ Rs. 141.4 Cr, YoY Rs. 132.4 Cr
EBIDTA came at Rs. 111.4 Cr (120.9% QoQ, 61.6% YoY) vs QoQ Rs. 50.4 Cr, YoY Rs. 68.9 Cr
EBITDA Margin came at 43.7% vs QoQ 35.7%, YoY 52%
Adj. PAT came at Rs. 76.8 Cr vs QoQ Rs. 32.5 Cr, YoY Rs. 47.1 Cr
Quarter EPS is Rs. 9.1
Stock is trading at P/E of 82.9x TTM EPS
July 29, 2024 10:11
Stock market live updates today: Top gainers and losers on the NSE as at 9.30 am
Top gainers: NTPC (2.70%), BPCL (2.22%), SBI (2.20%), IndusInd (1.85%), ICICI Bank (1.59%)
Top losers: Cipla (-1.70%), Dr Reddy’s Lab (-1.26%), Tata Consumer Products (-1.21%), Titan (-1.09%), Bharti Airtel (-0.92%)
July 29, 2024 10:10
Stock market live updates today: Anand James, Chief Market Strategist, Geojit Financial Services.
Nifty outlook:
The vertical rise on Friday seeks to shrug off bearish vibes and set a path for a run towards 25800. However, MACD which slipped below the signal line last week, is yet to turn back in, retaining some bearish momentum, which needs to be guarded against, today. This prompts us to keep the downside marker at 24750 below 24100-23670 will stand exposed again. However, intermediate supports at 24600- 530-450 shall step in to avoid a collapse.
Derivative outlook:
Nifty weekly contract has highest open interest at 24400 for Calls and 24400 for Puts while monthly contracts have highest open interest at 24400 for Calls and 24400 for Puts. Highest new OI addition was seen at 24400 for Calls and 24400 for Puts in weekly and at 24400 for Calls and 24400 for Puts in monthly contracts. FIIs increased their future index long position holdings by 24.57%, decreased future index shorts by 2.67% and in index options by 63.75% increase in Call longs, 71.02% increase in Call short, 65.72% increase in Put longs and 60.45% increase in Put shorts.
FX Monitor:
INR: The Indian rupee fell to a new low of 83.73 against the US dollar on Friday due to continuous demand from oil importers and weak risk appetite. It traded within a narrow range, having settled at 83.70 on Thursday. The Reserve Bank of India intervened to protect the rupee around 83.73. This closing marked the lowest level for the rupee on both a daily and weekly basis.
USD: The dollar index slipped 0.03% to 104.30, with the euro up 0.1% at $1.0855. The greenback weakened 0.1% to 153.78 yen, heading for its biggest weekly drop against the yen since early May. The yen strengthened on expectations of a Fed rate cut, anticipated Bank of Japan tightening, and suspected BOJ intervention earlier this month.
July 29, 2024 10:10
Stock market live updates today: Crude oil futures edge up
At 9.13 am on Monday, October Brent oil futures were at $80.53, up by 0.31 per cent, and September crude oil futures on WTI (West Texas Intermediate) were at $77.32, up by 0.21 per cent. August crude oil futures were trading at ₹6486 on Multi Commodity Exchange (MCX) during the initial hour of trading on Monday against the previous close of ₹6478, up by 0.12 per cent, and September futures were trading at ₹6419 against the previous close of ₹6409, up by 0.16 per cent.
July 29, 2024 10:09
Stock market live updates today: India Cements Ltd (INDIACEM)_Open Offer Announced
Type of Offer: Acquisition
Acquirer: UltraTech Cement Limited
Issue of Public Announcement: 28-Jul-24
Offer price Rs: 390
CMP: Rs 374.60
(%Prem.)/Disc.: 4.11%
Offer Size : Rs 3,142.36 Cr
Proposed Acq. No. of shares: 8.06 cr
Proposed Acq. : 26%
Indicative Schedule of Activity: Not Yet Announced
July 29, 2024 10:07
Stock market live updates today: Q1FY25 Important Result Calendar
29 July 2024 (Today)
Derivative Segment
* ACC Ltd.
* Bharat Electronics Ltd.
* Colgate-Palmolive Ltd.
* Hindustan Petroleum Corp
Cash Segment
* Adani Total Gas Ltd.
* Adani Wilmar Ltd.
* CSB Bank Ltd.
* Data Patterns (India) Ltd.
* Indian Bank
* Jindal Saw Ltd.
* Kalpataru Projects Int Ltd.
* Kansai Nerolac Paints Ltd.
* KEI Industries Ltd.
* Pfizer Ltd.
* Privi Speciality Chemicals
* Quess Corp Ltd.
* Restaurant Brands Asia Ltd.
* Vedant Fashions Ltd.
* Whirlpool Of India Ltd.
30 July 2024
Derivative Segment
* Dixon Technologies (India)
* Exide Industries Ltd.
* GAIL (India) Ltd.
* Granules India Ltd.
* Indiamart Intermesh Ltd.
* Indian Oil Corporation Ltd.
* Indus Towers Ltd.
* Navin Fluorine Int Ltd.
* Tata Consumer Products Ltd.
Cash Segment
…
[8:49 am, 29/7/2024] KS BadriNarayanan: Dividend Datesu0009
u0009
Ex-Dividend 30 July 2024 (Tomorrow)u0009
Last date for Cum-Dividend Todayu0009
u0009
Avanti Feeds Ltd.u0009
Dividend Per Share Rs.6.75u0009
Previous day Closing Price – Rs. 694.4u0009
u0009
Banswara Syntex Ltd.u0009
Dividend Per Share Rs.1u0009
Previous day Closing Price – Rs. 171.9u0009
u0009
Brigade Enterprises Ltd.u0009
Dividend Per Share Rs.2u0009
Previous day Closing Price – Rs. 1249.6u0009
u0009
Bsl Ltd.u0009
Dividend Per Share Rs.1u0009
Previous day Closing Price – Rs. 207.25u0009
u0009
Cravatex Ltd.u0009
Dividend Per Share Rs.3u0009
Previous day Closing Price – Rs. 460.15u0009
u0009
Granules India Ltd.u0009
Dividend Per Share Rs.1.5u0009
Previous day Closing Price – Rs. 563.45u0009
u0009
Kokuyo Camlin Ltd.u0009
Dividend Per Share Rs.0.5u0009
Previous day Closing Price – Rs. 155.55u0009
u0009
Orient Bell Limitedu0009
Dividend Per Share Rs.0.5u0009
Previous day Closing Price – Rs. 403.2u0009
u0009
Pecos Hotels And Pubs Ltdu0009
Dividend Per Share Rs.3u0009
Previous day Closing Price – Rs. 350.95u0009
u0009
Standard Industries Ltd.u0009
Dividend Per Share Rs.0.55u0009
Previous day Closing Price – Rs. 36.41u0009
u0009
Ultratech Cement Ltd.u0009
Dividend Per Share Rs.70u0009
Previous day Closing Price – Rs. 11679.25
July 29, 2024 10:06
Stock market live updates today: Aurobindo Pharma Limited-Buyback_Record Date Tomorrow
Route – Tender
Buyback Price: 1,460/
Current Market Price: 1,386/-
Market Cap: Rs 81,227 Crores
Buyback Size: Rs 750 Crores (Representing 3.84% and 2.67% of the total paid up equity share capital and free reserves)
Buyback Size: 51,36,986 shares (Representing 0.88% of O/s. shares)
Retail Quota: 7,70,548 Shares
Last Cum Trading Date: 29 July 2024 (Today)
Ex-Date: 30 July 2024
Buyback Record Date: 30 July 2024
Buyback Schedule: Not Yet Announced
July 29, 2024 10:04
Stock market live updates today: IMPORTANT EX-DIVIDEND #MONDAY
AUTOMOTIVE AXLES – Rs 32
BIRLA CORPORATION – Rs 10
DB CORP – Rs 7
DEEPAK NITRITE – Rs 7.50
FAIRCHEM ORGANICS – Rs 7.50
HAWKINS COOKERS – Rs 120
INFO EDGE – Rs 12
July 29, 2024 10:04
Stock market live updates today: Jefferies on IGL
Hold Call, TARGET Rs 485
EBITDA Was 20% Ahead Of Est On Lower Gas Costs
Volumes Declined YoY And Were 2% Below
Expect Vol Growth To Remain Subdued Over Fy25-27e
Slowdown In Delhi (70% Of Vol) & Growing EV Risk
Rising APM Shortfall Puts A Lid On Margins
Recent Price Hikes May Not Compensate Fully For The Higher Reliance On LNG
Cut Earnings By 8%/1%, On Lower Margin Assumptions
July 29, 2024 10:03
Stock market live updates today: Ms on Mphasis
Equal-Weight Call, Target Raised To Rs 2,900
Mgmt Commentary Continues To Be Constructive
BFS Vertical Has Been Witnessing Improving Trends
However, Execution Has Scope To Improve
Post The Run-Up Since End Of May, Valuations Are Not Cheap
===
Citi on Mphasis
Sell Call, Target Rs 2,235
Reported In-Line Q1, Revenues Were Largely Inline
Margins Were Slightly Lower
TTM Down 42% YoY In Q1
There Are Deals Won In FY24 To Be Converted To Revenues
Headcount Declined ~7% YoY In Q1
Mgmt Says, Discretionary Spends Trends Hasn’t Changed Vs Q4
Though There Are Some Green Shoots & Early Signs Of Recovery In Mortgage
July 29, 2024 10:03
Stock market live updates today: DAM Capital on CMS Info System
Buy Call, Target Rs 650
CMS Info Systems (CMSINFO) remains pleasantly predictable as it steadily moves towards its FY25E revenue goal (well within reach) and given its costeffective service platform for the broader BFSI industry, and its leadership stature, the company should continue to steadily grow over the medium-term as well. Since our reiteration note in March, the steady re-rating in the name (11x 1Y PE on listing; 19x today) suggests that the market too is easing its concerns and appreciating the CMSINFO story for what it truly is – a BFSI outsourced services partner and not just a cash handler. We reiterate our positive stance (BUY / TP Rs650 / 23x implied FY26E P/E) given its ~15% earnings CAGR (FY24-26E) / 25% RoCE.
July 29, 2024 10:02
Stock market live updates today: Bernstein on IEX
Underperform Call, Target Rs 110
Had A Strong Qtr & Run-Rate For July Seems To Indicate An>25% Vol Growth
With Abundant Domestic Coal Availability
Un-Requisitioned Power & Renewable Plants Trying To Leverage Infirm Power Think Near-Term Tailwinds Are Supportive For Vols
On Regulatory Front Though, Next 3-6 Months Could Carry Some Uncertainty
Results Of Shadow Coupling Expected From Regulator
July 29, 2024 10:02
Stock market live updates today: GS on Dr Reddy’s
Neutral Call, TP Raised To Rs 6,625
Q1 Rev/EBITDA Above Est, Driven By Robust Performance In Core Markets
Margin Beat Primarily Driven By Better GMs
EBITDA Margin Partially Offset By Higher SG&A Spends
Raise FY25-27E EPS By 2%-12% To Factor In Q1 Beat
Higher Growth For India/US Business & Updated Biz Outlook
July 29, 2024 10:01
Stock market live updates today: GS on IndiGo
Buy Call, Target Rs 4,800
Q1 EPS Of Rs 71 Was Above Est
Beat Driven Largely By Higher One-off Compensation Booking
Beat Partially Offset By Higher Costs
Yields And ASK/RPK Were Largely In-Line With Est
Passenger Fleet Size Increased To 379 Planes, With 8 From New Deliveries
Aircraft Groundings Were Stable At Mid-70s
Co Expects Groundings To Start Coming Down By End Of FY25
For Q2, Co Expects High-single Digit YoY ASK Growth
July 29, 2024 10:00
Stock market live updates today: Jefferies on IDFC First Bank
Buy Call, Target Cut To Rs 95
Q1 Profit Missed Estimates Due To Higher Credit Losses In MFI Segment
Drag May Sustain In Q2-Q4 As Well
New Disclosure On Vintage Delinquency Of Other Retail Loans Is Encouraging
Deposit Growth Of 36% To Aid Loan Growth & Improvement In LDR (97% Now)
Op Efficiencies Are Evident And Will Aid Profits Over H2FY25-27Lower Est For MFI Losses, But See RoA Rising To 1.4% In FY27
July 29, 2024 10:00
Stock market live updates today: Securities in F&O Ban For Trade Date 29-July-2024
Nil
July 29, 2024 09:59
Stock market live updates today: Economic Calendar – 29.07.2024 No major Economic Data
July 29, 2024 09:59
Stock market live updates today: Q1FY25 EARNINGS CALENDAR 29.07.2024
ACC, AGI, APOLLOPIPE, ARVIND, ASKAUTOLTD, ASTEC, ATGL, AVL, AWL, BALMLAWRIE, BEL, COLPAL, CSBBANK, DATAPATTNS, GOODLUCK, HINDPETRO, IDEAFORGE, INDIAGLYCO, INDIANB, ISMTLTD, JINDALSAW, KANSAINER, KEI, KPIL, MAHSEAMLES, MANYAVAR, NDTV, PFIZER, PRIVISCL, QUESS, SANGHIIND, SHANTIGEAR, STAR, STOVEKRAFT, VOLTAMP, WARDINMOBI, WHIRLPOOL, WONDERLA
ACC
* Revenue expected at Rs 4927 crore versus Rs 5201 crore
* EBITDA expected to be seen at Rs 690 crore versus Rs 770 crore
* EBITDA margin expected to be seen at 14.0% versus 14.80%
* Net profit expected to be seen at Rs 379 crore versus Rs 466 crore
AWL
* Revenue expected at Rs 14,384 crore versus Rs 12,928 crore
* EBITDA expected to be seen at Rs 443 crore versus Rs 130 crore
* EBITDA margin expected to be seen at 3.07% versus 1.00%
* Net profit expected to be seen at Rs 172 crore versus Rs (78) crore
BEL
* Revenue expected at Rs 3999 crore versus Rs 3532 crore
* EBITDA expected to be seen at Rs 844 crore versus Rs 672 crore
* EBITDA margin expected to be seen at 21.10% versus 19.02%
* Net profit expected to be seen at Rs 690 crore versus Rs 538 crore
COLPAL
* Revenue expected at Rs 1433 crore versus Rs 1314 crore
* EBITDA expected to be seen at Rs 472 crore versus Rs 424 crore
* EBITDA margin expected to be seen at 32.93% versus 32.26%
* Net profit expected to be seen at Rs 334 crore versus Rs 293 crore
HINDPETRO
* Revenue expected at Rs 1,10,811 crore versus Rs 1,14,677 crore
* EBITDA expected to be seen at Rs 2882 crore versus Rs 4881 crore
* EBITDA margin expected to be seen at 2.60% versus 4.25%
* Net profit expected to be seen at Rs 941 crore versus Rs 2709 crore
PFIZER
* Revenue expected at Rs 536 crore versus Rs 531 crore
* EBITDA expected to be seen at Rs 164 crore versus Rs 110 crore
* EBITDA margin expected to be seen at 2.60% versus 4.25%
* Net profit expected to be seen at Rs 139 crore versus Rs 93 crore
STAR
* Revenue expected at Rs 1066 crore versus Rs 930 crore
* Net profit expected to be seen at Rs 26 crore versus Rs 7 crore
Q1FY25 EARNING CALENDAR 30.07.2024
AJANTPHARM, APARINDS, ARVSMART BALUFORGE, CAPITALSFB, CARBORUNIV, CARTRADE, CASTROLIND, CORDSCABLE, DIXON, EMUDHRA, EXICOM, EXIDEIND, FORCEMOT, FSL, GAIL, GRANULES, INDIAMART, INDUSTOWER, IOC, JSL, LLOYDSENGG, LODHA, MOIL, RRKABEL, SAPPHIRE, SHYAMMETL, SKIPPER, STARHEALTH, TATACONSUM, TITAGARH, TORNTPOWER, TVSSCS, VBL, WAAREERTL, ZAGGLE
APARINDS
* Revenue expected at Rs 4003 crore versus Rs 3773 crore
* EBITDA expected to be seen at Rs 346 crore versus Rs 346 crore
* EBITDA margin expected to be seen at 8.64% versus 9.17%
* Net profit expected to be seen at Rs 185 crore versus Rs 197 crore
DIXON
* Revenue expected at Rs 5614 crore versus Rs 3271 crore
* EBITDA expected to be seen at Rs 211 crore versus Rs 131 crore
* EBITDA margin expected to be seen at 3.75% versus 4.00%
* Net profit expected to be seen at Rs 112 crore versus Rs 68 crore
EXIDEIND
* Revenue expected at Rs 4477 crore versus Rs 4072 crore
* EBITDA expected to be seen at Rs 564 crore versus Rs 432 crore
* EBITDA margin expected to be seen at 12.59% versus 10.60%
* Net profit expected to be seen at Rs 328 crore versus Rs 241 crore
GAIL
* Revenue expected at Rs 33,084 crore versus Rs 32,334 crore
* EBITDA expected to be seen at Rs 3907 crore versus Rs 2408 crore
* EBITDA margin expected to be seen at 11.80% versus 7.45%
* Net profit expected to be seen at Rs 2241 crore versus Rs 2177 crore
INDUSTOWER
* Revenue expected at Rs 7396 crore versus Rs 7075 crore
* EBITDA expected to be seen at Rs 3958 crore versus Rs 5341 crore
* EBITDA margin expected to be seen at 53.51% versus 75.49%
* Net profit expected to be seen at Rs 1688 crore versus Rs 1347 crore
LODHA
* Revenue expected at Rs 2460 crore versus Rs 1617 crore
* EBITDA expected to be seen at Rs 688 crore versus Rs 330 crore
* EBITDA margin expected to be seen at 27.96% versus 20.40%
* Net profit expected to be seen at Rs 362 crore versus Rs 178 crore
July 29, 2024 09:58
Stock market live updates: Major U.S. listed stocks result calendar 29.07.2024
McDonald’s Corporation (Pre market) (Sector- Retail)
ON Semiconductor Corporation (Pre market) (Sector- Technology)
Koninklijke Philips N.V. (Pre market) (Sector- Healthcare)
Loews Corporation (Pre market) (Sector- Financial)
Revvity, Inc. (Pre market) (Sector- Healthcare)
CNA Financial Corporation (Pre market) (Sector- Financial)
Welltower Inc. (Post market) (Sector- Construction)
Equity Residential (Post market) (Sector- Realty)
Symbotic Inc. (Post market) (Sector- Capital Goods)
SBA Communications Corporation (Post market) (Sector- Realty)
Hologic, Inc. (Post market) (Sector- Healthcare)
Telefonica Brasil S.A. (Post market) (Sector- Telecom)
Banco De Chile (Post market) (Sector- Financial)
Woodward, Inc. (Post market) (Sector- Defence)
Chesapeake Energy Corporation (Post market) (Sector- Energy)
F5, Inc. (Post market) (Sector- Technology)
Amkor Technology, Inc. (Post market) (Sector- Technology)
Sumitomo Mitsui Financial Group Inc (TENT) (Sector- Financial)
July 29, 2024 09:57
Stock market live updates today: ASAHI SONGWON Q1 Result
NET PROFIT AT 5.17 CR V 4.66 CR LOSS (YOY), UP 139 % (QOQ)
REVENUE UP 31 % AT 134 CR (YOY) ,UP 7 % (QOQ)
EBITDA OF 13.7 CR V 0.91 CR LOSS (YOY),UP 54 %(QOQ)
MARGINS AT 10.2 % V -0.8 % (YOY),7.04 % (QOQ)
July 29, 2024 09:54
Stock market live updates today: JPM on Shriram
SHFL’s growth and ROE gap to large-cap NBFCs are narrowing & we believe this will be reflected in better valuations
Raise our FY25/26 EPS estimates by 1% on higher AUM growth estimate.
OW, Tgt at 3,200 vs 3,000
July 29, 2024 09:53
Stock market live updates today: Citi Raises Cipla target to 1720 vs 1650
Sustained momentum in India branded Gx, recovery in trade Gx, launch of additional peptides, gradual ramp in Lanreotide will likely help the company achieve 25% EBITDA margin in FY25
Stock now TOP PICK over other SUN/TorPh
July 29, 2024 09:53
Stock market live updates today: GS on Indigo
In-line (ex one-off compensation)
Costs have started to come in higher in line with management commentary
August 5 meeting will give clarity on growth strategy and its new model of premium offerings, long haul
Buy. TP of Rs4,800 (up from Rs4,700)
July 29, 2024 09:51
Stock market live updates today: IEX volumes expected to grow significantly on business-as-usual basis; further growth expected with additional levers
July 29, 2024 09:47
Stock market live updates today: GENUS POWER Q1 :CONS NET PROFIT UP 110 % AT 48.3 CR (YOY),UP 99 % (QOQ)
GENUS POWER Q1 :CONS NET PROFIT UP 110 % AT 48.3 CR (YOY),UP 99 % (QOQ)
REVENUE UP 59 % AT 414 CR (YOY) ,DOWN 1% (QOQ)
EBITDA UP 123 % AT 63.44 CR (YOY),UP 17 %(QOQ)
MARGINS AT 15.3 % V 10.9 % (YOY), 12.9 % (QOQ)
July 29, 2024 09:47
Stock market live updates today: Rajoo Engineers has investment in an 18,000 sq ft production plant at a height of 100 Ft And An Additional 7,000 Sq.ft for the QCA
July 29, 2024 09:45
Stock market live updates today: REC Q1 SL NET PROFIT 34.42B RUPEES VS 29.6B (YOY) || Q1 REVENUE 130B RUPEES VS 110B (YOY)
July 29, 2024 09:35
Stock market live updates today: Coal India sets August 16 as record date for final dividend
July 29, 2024 09:34
Stock market live updates today: Devyani International and PVR INOX Form Joint Venture for Mall Food Courts in India
July 29, 2024 09:34
Stock market live updates today: Sumitomo Chemical Q1 consolidated net profit Rs 1.27B vs 616M (YOY); Q1 EBITDA Rs 1.61B vs Rs 806M (YOY) || Q1 EBITDA margin 9.20% VS 11.13% (YOY)
July 29, 2024 09:32
Stock market live updates today: Meghmani Organics Q1 consolidated net loss at Rs 168 million versus loss of Rs 345 million (YOY)
Meghmani Organics Q1 consolidated net loss at Rs 168 million versus loss of Rs 345 million (YOY); Q1 revenue at Rs 4.14 billion versus Rs 4.26 billion (YOY)
Q1 EBITDA gains Rs 59M RUPEES VS EBITDA LOSS 221M (YOY) || Q1 EBITDA MARGIN 1.42%
July 29, 2024 09:30
Stock market live updates today: SPANDANA SPHOORTY Q1 HIGHLIGHTS
OPERATING PROFIT UP 8 % TO RS 189 CR (QOQ)
DISBURSEMENT DOWN 52 % TO RS 2283 CR (QOQ)
AUM DOWN 2 % TO 11723 CR ,(QOQ)
GROSS NPA AT 2.60 % V 1.63 % (QOQ)
NET NPA AT 0.53 % V 0.49 % (QOQ)
NO. OF CUSTOMER DOWN 3 % TO 34.1 LKH (QOQ)
NIMS AT 15.2 % V 14.6 % (QOQ)
COST OF BORROWINGS AT 11.6 % V 11.7 (QOQ)
ROA AT 1.7 % V 4.1 % (QOQ)
July 29, 2024 09:28
Stock market live updates today: Alankit Q1 consolidated net profit up 56 % at Rs 7.4 crore
Alankit Q1 consolidated net profit up 56 % at Rs 7.4 crore (YOY), up 12% (QOQ). Revenue up 27 % at Rs 61.93 core (YOY), down 32 % (QOQ). EBITDA up 44 % at Rs 8.22 crore (YOY),DOWN 21 %(QOQ)
Margins at 13.25 % V 11.65 % (YOY), 11.4 % (QOQ)
July 29, 2024 09:26
Stock market live updates today: Smruthi Organic Q1 net loss at Rs 0.92 crore YOY; revenue down 22%
Stock market live updates today: Smruthi Organic Q1: Net loss at Rs 0.92 crore vs Rs 2.29 crore profti (YOY), Rs 1.51 crore profit (QOQ); Revenue down 22% at Rs 27.27 (YOY), down 31% (QOQ). EBITDA down 90 % at Rs 0.44 crore (YOY), DOWN 89 % (QOQ) ; margins at 1.63% versus 13.2 % (YOY), 10.05 % (QOQ)
July 29, 2024 09:23
Stock market live updates today: Exicom Tele-Systems incorporates Tritium Power Solutions as unit; Tritium to work in EV supply equipment indutry
July 29, 2024 09:21
Stock market live updates: Eraaya Lifespaces pays $14 million (Rs 117 crore) to acquire Ebix Inc, bringing the total paid to $35.75 million (Rs 299 crore).
Eraaya Lifespaces Ltd has paid $14 million (INR 117 crores) for the acquisition of Ebix Inc. on July 26, 2024, bringing the total paid to $35.75 million (INR 299 crores).
An additional $6.6 million (INR 55 crores) and $14 million (INR 117 crores) will be paid by July 2024, with the final payment due in August 2024
July 29, 2024 09:19
Stock market live updates today: Prudent Corporate; Prudent Surpasses Landmark Rs 1 Lakh Crore in Mutual Fund Assets Under Management
July 29, 2024 09:17
Stock market live updates today: Stocks that will see action today: July 29, 2024
UltraTech Cement will acquire a 32.72 per cent stake in India Cements from promoters and their associates for ₹3,954 crore. Besides, Ultratech has also announced a ₹3,142.35 crore open offer to acquire another 26 per cent share of India Cements from its shareholders. The board of the Aditya Birla firm approved the acquisition of 32.72 per cent stake from promoters and their associates at ₹390 a share, according to a regulatory filing from UltraTech on Sunday. Read more
July 29, 2024 09:16
Stock market live updates today: Piramal Pharma Ltd Q1 FY25 results update
*Overview:*
Piramal Pharma Ltd reported a robust start to FY25, with a 12% YoY revenue growth driven by strong performance in its CDMO and India Consumer Healthcare businesses. The company’s EBITDA grew by 31% YoY, reflecting effective cost optimization and operational efficiencies[^1^][1].
*Key Financial Metrics:*
– *Revenue:* INR 19,511.40 million, up from INR 19,351.00 million in the previous quarter.
– *EBITDA Margin:* Improved to 11% from 10% in Q1 FY24[^1^][1].
– *Net Debt-to-EBITDA Ratio:* Reduced to 2.8x from 5x in Q1 FY24[^2^][2].
*Segment Performance:*
– *CDMO Business:* Delivered 18% YoY growth, driven by strong order inflows and execution[^3^][3]. The segment continues to benefit from increased demand for commercial manufacturing of on-patent molecules.
– *Complex Hospital Generics:* Witnessed strong demand for sevoflurane and isoflurane, particularly in the U.S. and emerging markets[^4^][4]. However, price reductions in the U.S. market impacted overall growth.
– *India Consumer Healthcare:* Achieved double-digit revenue growth, led by new product launches and strong performance of power brands like Lacto Calamine and Little’s.
*Operational Highlights:*
– *Quality and Compliance:* Maintained a best-in-class track record with zero OAI since 2011[^5^][5]. Successfully closed U.S. FDA inspections at Lexington and Ahmedabad facilities with zero observations.
– *Sustainability:* Recognized as one of the top sustainable organizations in India by Times Now Global Sustainable Organizations for 2024[^6^][6].
*Outlook:*
Piramal Pharma remains optimistic about its growth prospects across all business lines. The company reiterates its FY25 guidance of early teens YoY growth in revenue and absolute EBITDA[^7^][7]. Continued investments in R&D, capacity expansion, and sustainability initiatives are expected to drive long-term value creation.
*Conclusion:*
Piramal Pharma’s Q1 FY25 results demonstrate strong operational performance and strategic execution. The company’s focus on cost optimization, quality compliance, and sustainability positions it well for sustained growth and profitability.
July 29, 2024 09:14
Stock market live updates today: Cera Sanitaryware Board to meet on August 5 to consider “buyback” of equity shares. It has Rs 700-Rs 900 crore free cash in reserves.
July 29, 2024 09:13
Stock market live updates today: Researchbytes Analyst App
https://play.google.com/store/apps/details?id=com.intelegain.rb
Conference call Replay available in Various speeds !
Researchbytes Events Update
As of 07:15 AM Saturday 27 July 2024
Can set alert for them at www.researchbytes.com
6:30 AM IDFC First Bank
Dial: +91 22 6280 1144
10:00 AM Amber Enterpris
(Results)
Dial: +91 22 6280 1309
Weblink: https://tinyurl.com/ymnwbfmc
11:30 AM KAYNES TECHNOLO
Dial: +91 22 6280 1144
Weblink: https://tinyurl.com/55sfbeux
4:30 PM Dr Reddys Labs
Dial: +91 22 6280 1219
Weblink: https://tinyurl.com/5m38jbez
4:30 PM ICICI Bank
Dial: +912262801154
Weblink: https://tinyurl.com/bdf2dfd6
5:00 PM J&K Bank
(Annual Report)
Weblink: https://tinyurl.com/3p7up57a
City Union Bank : (replay)
https://www.researchbytes.com/webcast.aspx?WID=306068
IndusInd Bank : (replay)
https://www.researchbytes.com/webcast.aspx?WID=306069
PiramlLifeSci : (replay)
https://www.researchbytes.com/webcast.aspx?WID=306063
Go Digit Genera : (replay)
https://www.researchbytes.com/webcast.aspx?WID=306064
BANDHAN BANK : (replay)
https://www.researchbytes.com/webcast.aspx?WID=306065
Equitas Small F : (replay)
https://www.researchbytes.com/webcast.aspx?WID=306067
Ashok Leyland : (replay)
https://www.researchbytes.com/webcast.aspx?WID=306066
Mahanagar Gas : (replay)
https://www.researchbytes.com/webcast.aspx?WID=306062
Dhampur Bio Org : (replay)
https://www.researchbytes.com/webcast.aspx?WID=306055
Nelcast : (replay)
https://www.researchbytes.com/webcast.aspx?WID=306056
Results today …
https://www.researchbytes.com/Default.aspx?cc=result
Recent interviews …
https://www.researchbytes.com/Default.aspx?cc=interview
Replays available at www.researchbytes.com
July 29, 2024 09:12
Stock market live updates today: Shree Digvijay Cement Company
Q1 SL NET 113M PROFIT RUPEES VS 172M (YOY); 317M (QOQ)
Q1 REVENUE 1.77B RUPEES VS 1.92B (YOY)
Q1 EBITDA 216M RUPEES VS 307M (YOY) || Q1 EBITDA MARGIN 12.19% VS 15.91% (YOY)
July 29, 2024 09:05
Stock market live updates today: Bullish momentum to continue for Nifty, Sensex
The domestic markets are likely to build on the momentum as Gift Nifty is ruling strong at 25,075, well above Nifty futures Friday’s close of 24,915. Analysts expect the momentum to continue and advise traders to stay away from blind shorting, as no one is sure of market tops. All eyes are now on Nifty, whether it will cross the psychological 25,000-mark. Nifty on Friday closed at 24,834, a fresh all-time high. According to analysts, it will happen soon if not today. Read more
July 29, 2024 08:54
Stock Market Live Today: Xpro India reports profit, revenue up YoY, EBITDA down
Xpro India reported a net profit of ₹140.2 million for the quarter, up from ₹113 million year-on-year (YoY) and ₹124.3 million quarter-on-quarter (QoQ). Revenue increased to ₹1.39 billion YoY, compared to ₹1.31 billion, and was up from ₹1.28 billion QoQ. EBITDA for the quarter was ₹156.5 million, down from ₹193 million YoY, with an EBITDA margin of 11.3%, compared to 14.73% YoY. The company plans to further invest ₹1.2 billion in its unit.
July 29, 2024 08:52
Stock Market Live Today: City Union Bank sees QoQ profit increase, NPAs improve
City Union Bank’s operating profit increased by 6% quarter-on-quarter (QoQ) to ₹373 crore. Provisions rose by 22% QoQ to ₹39 crore. The bank reported a reduction in gross NPA to 3.88% from 3.99% QoQ, and net NPA improved to 1.87% from 1.97% QoQ.
July 29, 2024 08:47
Stock Market Live Today: Mangalam Organics reports strong growth in profit and revenue
Mangalam Organics reported a significant increase in consolidated net profit, which rose by 294% year-on-year (YoY) to ₹2.09 crore and by 24% quarter-on-quarter (QoQ). The company’s revenue increased by 8% to ₹118 crore YoY and by 12% QoQ. EBITDA saw a rise of 23% YoY to ₹10.87 crore, with a 7% increase QoQ. Margins improved to 9.21% from 8.09% YoY, though they slightly decreased from 9.7% QoQ.
July 29, 2024 08:46
Stock Market Live Today: KFin Tech reports strong YoY growth, mixed QoQ performance
KFin Technologies reported a consolidated net profit of ₹68.07 crore for the quarter, reflecting a 9% decline quarter-on-quarter (QoQ) but a 53% increase year-on-year (YoY). Revenue rose by 4% to ₹237.5 crore QoQ and increased by 31% YoY. EBITDA decreased by 5% to ₹14.8 crore QoQ, though it grew by 42% YoY. The company reported margins of 41.95%, down from 45.81% QoQ, but up from 38.8% YoY.
July 29, 2024 08:44
Stock Market Live Today: Accelya Solutions sees strong YoY profit rise, mixed results
Accelya Solutions reported a consolidated net profit increase of 35% year-on-year (YoY) to ₹31 crore, marking an impressive 15490% surge quarter-on-quarter (QoQ). Revenue rose by 5% YoY but saw a slight decline of 2% QoQ. Despite the profit growth, EBITDA fell by 3% to ₹47.65 crore YoY and 5% QoQ. The company’s margins were at 37.19%, compared to 40.15% YoY and 38.38% QoQ.
July 29, 2024 08:43
Stock Market Live Today: ESAF SFB sees profit and provisions decline, NPAs increase
ESAF Small Finance Bank’s operating profit declined by 11% to ₹254 crore quarter-on-quarter (QoQ). Provisions decreased by 25% to ₹169 crore QoQ. However, gross NPA increased to 6.61% from 4.76% QoQ, and net NPA rose to 3.22% from 2.26% QoQ. The actual gross NPA surged 39% to ₹1,242 crore QoQ, while net NPA increased by 41% to ₹583 crore QoQ.
July 29, 2024 08:41
Stock Market Live Today: De Nora’s profit surges YoY, declines significantly QoQ
Net Profit: Up 454% YoY to ₹2.88 crore, down 49% QoQ
Revenue: Up 39% YoY to ₹12.75 crore, down 21% QoQ
EBITDA: ₹2.92 crore profit vs. ₹0.22 crore loss YoY, down from ₹6.2 crore profit QoQ
Margins: 22.9% vs. 38.6% YoY, -2.4% QoQ
July 29, 2024 07:03
Stock market live updates today: NIfty and Nifty Bank predictions for this week July 29-August 2, 2024
July 29, 2024 07:01
Stock market live updates today: Today’s stock recommendations: Indian Hotels: Buy
July 29, 2024 06:58
Stock market live updates today: Fund Flow Activity
26 July 2024 (Rs. In Crs.)
Turnover: (NSE + BSE)
Cash Volume: 136773.3 + 12220.58 Total: 148993.88
F&O Volume: 469085.25 + 43524185.86 Total: 43993271.11
Provisional Cash
FII/FPI: NET BUY: +2546.38
(18201.3 – 15654.92)
DII: NET BUY: +2774.31
(18856.44 – 16082.13)
July 29, 2024 06:55
Stock market live updates today: Budget 2024: How to go about your equity, debt and gold investments post tax changes
As the dust settles on the debate among taxpayers over the pros and cons of the Bbudget, it is more important to deal with the situation that the new proposals would place any investor in, especially while juggling asset classes. Read more
July 29, 2024 06:52
Stock market live updates today: The ‘Theory of Everything’ in realty capital gains tax
A zillion views follow every time the Government presents its annual Budget — some nuanced, some analysed in depth and some triggered by emotions. The proposed change in capital gains tax on real estate saw all of it. While the tax department put out illustrations showing why it will be beneficial to most taxpayers, others who weren’t convinced put in equal effort to disprove with numbers, the government’s stand. Read more
July 29, 2024 06:50
Stock market live updates today: Nifty Bank index has to breach its resistance to turn positive
Sensex and Nifty 50 have risen sharply from their lows last week. Both the indices have closed higher by about a per cent each last week. The strong rise and close on Friday have reduced the danger of the corrective fall that we had cautioned last week. That leaves the broader uptrend intact. read more
You might also like
You might also like
Sign into Unlock benefits!
Access 10 free stories per monthAccess to comment on every storySign up/Manage to our newslettersGet notified by email for early preview to new features, discounts & offers
${ ind + 1 }
${ device }Last active – ${ la }
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TheHinduBusinessLine – https://www.thehindubusinessline.com/markets/stock-market-live-updates-july-29-2024-index-outlook-nifty-50-sensex-regain-bullish-momentum/article68456673.ece
