Copyright & copy HT Digital Streams Limited All Rights Reserved. Market Close Highlights: Sensex winds up 480pts, Nifty at 22,570; All sectoral indices disallowing Consumer & Realty gain 28 minutes read. Upgraded: 25 Apr 2024, 03:40 PM IST Pranay Prakash Market Close Highlights: Foreign institutional financiers (FIIs) net offered shares worth 2,511.74 crore, while domestic institutional financiers (DIIs) purchased 3,809.90 crore worth of stocks on April 24, provisionary information from the NSE revealed. Premium Market Close Highlights: Companies reporting their Q4 results today consist of Bajaj Finance, Nestle India, Tech Mahindra, IndusInd Bank, L&T Technology Services, Schaeffler India, ACC, MphasiS, Coromandel International, Laurus Labs, Cyient, Jai Balaji Industries, Himadri Speciality Chemical, Tata Teleservices (Maharashtra), Olectra Greentech, Welspun Living, Zensar Technologies, Tanla Platforms, AAVAS Financiers, and UTI Asset Management Company. (Photo: AFP) Market Close Highlights: World stocks snapped a three-day winning streak on Thursday as frustrating projections from Facebook and Instagram moms and dad Meta hammered tech, while the yen’s drop through 155 per dollar for the very first time because 1990 kept FX traders on intervention alert. Both U.S. Q1 GDP information and more ‘Big Tech’ profits were arranged for later on in the day however for now it was Meta’s 15% after-hours cost downturn that was souring the state of mind. Japan’s tech-heavy Nikkei moved 2% in Asian trading and European tech stocks were down 0.8% in early dealing as traders did practically the opposite to the previous day after Tesla had actually guaranteed brand-new designs by early next year. In an earnings-packed week, tech bellwethers remain in the spotlight, with Alphabet, Microsoft and Intel likewise due to report on Thursday. European profits and M&An offers were flooding in too. London’s FTSE 100 struck another record high as UK-listed miner Anglo American rose 11% on a buyout deal from Aussie competing BHP, while Deutsche Bank slipped and BNP Paribas edged up after the euro zone’s most significant lending institutions published positive first-quarter revenues. Beyond business revenues, financier focus will be on the very first quarter U.S. gdp (GDP) information due out later on. Current hotter-than-expected inflation reports have actually pressed back and decreased expectations for Federal Reserve rate of interest cuts, with markets now pricing in approximately a 70% opportunity of a very first decrease in September. They are not even totally persuaded there will now be another one this year, having actually anticipated around 6 cuts at the start of the year. The moving expectations of U.S. rates have actually raised Treasury yields and the dollar, casting a shadow on the currency market. Versus a basket of currencies, the dollar was bit altered at 105.75. In the product markets, U.S. crude increased 0.1% to $82.89 per barrel and Brent was at $88.13, up 0.12% on the day. Gold, which struck a record high previously this month, inched approximately $2,326 an ounce. 25 Apr 2024, 03:40:13 PM IST Sensex Today Live: Closing Bell Wrap Sensex Today Live: Indian benchmark indices rose for the 5th straight session on Thursday, following a raft of favorable revenues reports from business, while shaking of the soft belief streaming from Asian and worldwide peers. Sensex, which had actually opened lower at 73,572.34, stayed soft for the majority of the day, even touching a low of 73,556.15. A number of favorable Q4 revenues reports from business pressed the benchmark index greater to touch a record high of 74,571.25. At close, Sensex was at 74,339.44, up 486.50 points, or 0.66%. Clever 50, which had actually likewise opened lower at 22,316.90, touched a high of 22,625.95 in intraday trades. At close, the Nifty 50 was up 167.95 points, or 0.75% at 22,570.35. 7 out of the 30 stocks on the Sensex ended the day in the red. Kotak Mahindra Bank, Hindustan Unilever, Titan, Bajaj Finance, and Maruti Suzuki India, were the leading drags for the day, while Axis Bank, SBI, JSW Steel, Nestle India, and Sun Pharma, were the leading gainers. 10 stocks out of the 50 on the Nifty 50 ended in the red. Kotak Mahindra Bank, LTIMindtree, Hindustan Unilever, Titan, and SBI Life were the leading drags for the day, while Axis Bank, SBI, Dr Reddy’s, Nestle India, and Hero MotoCorp, were the leading gainers. The wider market likewise ended in the green, with the BSE SmallCap index getting 0.54%, and the BSE MidCap index was acquiring 0.71%. Throughout sectors, disallowing Consumer Durables and Realty, which were down 0.43% and 0.25%, respectively, all other sectoral indices ended the day in the green. The PSU Bank index got the most for the day; it was up 3.77% at close, followed by the Pharma, Healthcare and Auto indices, which closed up 1.57%, 1.38%, and 1.27%, respectively. The Bank and Financial Services indices closed up 0.63% and 0.48%, while the FMCG and IT indices closed up 0.67%, and 0.33%, respectively. 25 Apr 2024, 03:18:03 PM IST Sensex Today Live: Sector Indices Heat Map Sensex Today Live: Barring Consumer Durables and Realty, which were down 0.42% and 0.31%, respectively, all other sectoral indices remained in the green. The PSU Bank index had actually acquired the most; it was up 3.80%, followed by the Pharma, Healthcare and Auto indices, which were up 1.55%, 1.37%, and 1.27%, respectively. The Bank and Financial Services indices were up 0.64% and 0.50%, while the FMCG and IT indices were up 0.67%, and 0.32%, respectively. View Full Image 25 Apr 2024, 03:13:12 PM IST Sensex Today Live: Broader market indices heat map Sensex Today Live: The more comprehensive market remained in the green, with the BSE SmallCap index up 0.54%, and the BSE MidCap index was up 0.68%. View Full Image 25 Apr 2024, 03:07:23 PM IST Sensex Today Live: Gainers and Losers on Nifty Sensex Today Live: Nine stocks out of the 50 on the Nifty 50 remained in the red. Kotak Mahindra Bank, LTIMindtree, Hindustan Unilever, SBI Life, and Titan, were the leading drags, while Axis Bank, SBI, Dr Reddy’s, JSW Steel, and Hero MotoCorp, were the leading gainers. View Full Image 25 Apr 2024, 03:04:47 PM IST Sensex Today Live: Gainers and Losers on Sensex Today Live: Five stocks, Kotak Mahindra Bank, Hindustan Unilever, Titan, Bajaj Finance, and Asian Paints, out of the 30 on the Sensex remained in the red, while Axis Bank, SBI, JSW Steel, Nestle India, and Mahindra & Mahindra, were the leading gainers. View Full Image 25 Apr 2024, 03:01:49 PM IST Sensex Today Live: 3 pm market upgrade Sensex Today Live: Indian benchmark indices had actually gotten on Thursday, following a raft of favorable revenues reports from business. At 3 pm, Sensex was up 594.05 points, or 0.80%, at 74,446.99, and Nifty was up 186.55 points, or 0.83% at 22,588.95. 25 Apr 2024, 02:56:21 PM IST Sensex Today Live: Anand Rathi Research Team suggests to ‘ACCUMULATE’ Jupiter Wagons with a TP of 500 Sensex Today Live: CMP: 416 Target: 500 Upside: 20.19% “Recently we observed that there was some strong purchasing in the majority of the train associated stocks given that previous couple of session. The majority of the stock consisting of JUPITER WAGONS verified a variety breakout. With concerns to JWL, there are several breakouts, and the cost action looks like a bullish Cup and Handle pattern. Therefore, we encourage traders to build up the stock in the variety of 418 – 414 with a stop loss of 370 (everyday closing basis) for an upside target of 500.” 25 Apr 2024, 02:41:39 PM IST Sensex Today Live: Elara Securities India advises to ‘REDUCE’ Hindustan Unilever Sensex Today Live: Hindustan Unilever Rating: REDUCE Target Price: INR 2320 Upside: 3% CMP: 2,260 (as on 24 April 2024) Volume development controlled; premium portfolio outshined We pare 25E/26E incomes 2.7%/ 2.9% to consider lower-than-expected income development and margin. We repeat Reduce with TP cut to 2,320 (from 2,600), as we appoint 45x (from 50x on near-term difficulties) on FY26E P/E. Secret danger to our call is boost in input costs, which might assist in price-led development and market share gains from local gamers. 25 Apr 2024, 02:28:36 PM IST Sensex Today Live: Elara Securities India suggests to ‘ACCUMULATE’ Tata Consumer Products, states margin growth on the anvil Sensex Today Live: Tata Consumer Products Rating: ACCUMULATE Target Price: 1,200 Upside: 8% CMP: 1,110 (as on 24 April 2024) We cut FY25E/26E revenues price quotes somewhat by 2%/ 1% to consider a little bit lower income development outlook. We pare SOTP-TP to 1,200 (from 1,246) as we designate 50x FY26E P/E to the India organization (the same) and 25x FY26E P/E to the global organization. Keep Accumulate– We prefer TATACONS as it provides presence on double-digit sales development and margin growth, in the long term. 25 Apr 2024, 02:10:46 PM IST Sensex Today Live: Jinesh Joshi, Research Analyst – Institutional Equities at Prabhudas Lilladher, states PVR-INOX’s choice to minimize advertisements and increase variety of programs might not work “when material itself is not clicking” Sensex Today Live: Jinesh Joshi, Research Analyst – Institutional Equities at Prabhudas Lilladher, states customers in premium formats are time mindful and for this reason the concept to reduce ad-time appears sensible. This is a chicken and egg circumstance, he states. “Content and ad-revenue is inter-linked. If you have excellent material, ad-revenue boosts as eyeballs increase and vice-versa.” In existing situation, when material is weak, ad-revenue is bound to suffer. It concerns keep in mind that even in FY24E, PVR-Inox’s ad-revenue will be lower than pre-COVID base of 554 crore. “Thus, it stays to be seen if reducing ad-time and giving way for more programs flourishes when material itself is not clicking (albeit momentarily), Joshi states. “We preserve our view that there are no near term activates in the stock provided weak content pipeline. Maintain ACCMULATE with a TP of 1,663 however anticipate back ended returns.” 25 Apr 2024, 02:02:22 PM IST Sensex Today Live: 2 pm market upgrade Sensex Today Live: Indian benchmark indices had actually gotten on Thursday, following a raft of favorable profits reports from business. At 2 pm, Sensex was up 291.91 points, or 0.40%, at 74,144.85, and Nifty was up 94.50 points, or 0.42% at 22,496.90. 25 Apr 2024, 01:50:29 PM IST Sensex Today Live: Veranda Learning subsidiary indications organization transfer arrangement with Logic Management Training Institute Sensex Today Live: Veranda Learning Solutions today notified the exchanges that it has actually signed an organization transfer arrangement with Kerala-based Logic Management Training Institutes through its Subsidiary Veranda XL Learning Solutions. This acquisition will allow Veranda Learning to broaden its reach as Logic Management Training Institute has actually turned into a leading organization renowned for its expert monetary courses, the business stated. 25 Apr 2024, 01:26:35 PM IST Sensex Today Live: ITC’s subsidiary WelcomHotels Lanka introduces 352-room ITC Ratnadipa in Colombo Sensex Today Live: ITC Limited today notified the exchanges that its completely owned subsidiary WelcomHotels Lanka has actually introduced ITC Ratnadipa, a 352-room hotel in Colombo. 25 Apr 2024, 01:16:59 PM IST Sensex Today Live: Amnish Aggarwal, Director-Research-Institutional Equities at Prabhudas Lilladher suggests to ‘ACCUMULATE’ Hindustan Unilever, for moderate returns Sensex Today Live: Rating: ACCUMULATE|CMP: 2,260|TP: 2,543 We cut FY25/26EPS by 1.6/ 1.3% factoring in 1) slower than anticipated healing in volumes in rural India; 2) cost cuts in individual wash and skin care to enhance customer rate worth formula; 3) continual competitive strength throughout mass section in HPC sector leading to market share loss; and 4) greater financial investments in A&P and developments to sustain LT development. Our company believe typical monsoon can supply flip to rural need although margin growth from existing levels will be really moderate (50bps over FY24-26). Long-lasting development levers led by greater development in Ecom and classifications of future (liquids, Green Tea, premium skin care, and so on) and premium sections stays undamaged. We approximate 8% PAT CAGR over FY24-26 and appoint DCF based target cost of 2543 (2600 earlier). Danger benefit looks beneficial post little returns in last 4 years; nevertheless, considerable re-rating looks not likely provided appraisals at 44.6 xFY26 and market momentum in favour of cyclicals. We update the stock to Accumulate (Hold earlier) for moderate returns over next 12-15 months. 25 Apr 2024, 01:11:27 PM IST Sensex Today Live: Nestle India board suggested last dividend of 8.50 per equity share for the fifteen months fiscal year ended March 31, 2024 Sensex Today Live: The board of Nestle India suggested a last dividend of 8.50 per equity shares of Re. 1 each for the fifteen months fiscal year ended 31st March 2024 on the whole provided, subscribed and paid-up share capital of the business of 964,157,160 equity shares of small worth of Re. 1 each. 25 Apr 2024, 01:05:43 PM IST Sensex Today Live: RVNL bags 239.09 crore automated block signaling system agreement from Southern Railway Sensex Today Live: RVNL on Wednesday notified the exchanges that it has actually become the most affordable Bidder (L1) from Southern Railway for “Provision of Automatic Block Signaling system in Jolarpettai Junction to Erode Junction of Salem Division in Southern Railway. The business stated the agreement is for a quantity of 239.09 crore, and it is to be carried out in almost 2 and a half years. 25 Apr 2024, 12:56:16 PM IST Sensex Today Live: Nestlé India and Dr. Reddy’s to form joint endeavor to market their nutraceutical portfolios Nestlé India and Dr. Reddy’s today notified the exchanges that they have actually signed a contract to form a joint endeavor to take their health science nutraceutical portfolio to customers throughout India and other concurred areas. The joint endeavor will assist the JV partners integrate their strengths and grow their complementary nutraceuticals portfolios in classifications such as metabolic, medical facility nutrition, basic health, ladies’s health and kid nutrition for customers throughout India, the exchange filing stated. Select brand names will be certified by the JV partners to the JV business. The Nestlé Group will accredit brand names such as Nature’s Bounty, Osteo Bi-Flex, Ester-C, Resource High Protein, Optifast, Resource Diabetic, Peptamen, Resource Renal and Resource Dialysis. Dr. Reddy’s will certify brand names such as Rebalanz, Celevida, Antoxid, Kidrich-D3, Becozinc in the nutrition, and OTC sections. The JV Company is anticipated to end up being functional in Q2 of FY25. 25 Apr 2024, 12:50:20 PM IST Sensex Today Live: Nestle India earnings leaps 27% YoY; shares get Sensex Today Live: Nestle India Q4FY24 net earnings at 934.17 crore vs. 736.64 crore in Q4FY23 and 655.61 crore in Q3FY24 Revenue from operations at 5,267.59 crore in Q4FY24 vs 4,830.53 crore in Q4FY23 and 4,600.42 in Q3FY24 25 Apr 2024, 12:21:04 PM IST Sensex Today Live: GPT Healthcare shares get as it signs lease arrangement with Sun and Sun Inframetric and Mosaic Infraventure for a health center in Raipur Sensex Today Live: GPT Healthcare notified the exchanges today that it has actually signed a lease arrangement with Sun and Sun Inframetric and Mosaic Infraventure for a health center in Raipur. In an exchange filing, the business stated, “Please be notified that our Company has actually even more participated in Lease Agreement with Sun and Sun Inframetric Private Limited and Mosaic Infraventure Private Limited on April 24, 2024”. The business included that the function of participating in the contract is “for the building and construction and completing of a health center structure at Raipur with all facilities and services.” It included that the lease will be for 27 years from the conclusion of the healthcare facility structure and will be eco-friendly for a duration of 20 years. 25 Apr 2024, 12:13:27 PM IST Sensex Today Live: Sector Indices Heat Map Sensex Today Live: Among sectoral indices, Bank, Financial Services, FMCG, Metal, Realty, and Consumer Durables indices remained in the red, while Auto, IT, Pharma, PSU Bank, Healthcare and Oil & Gas indices remained in the green. View Full Image 25 Apr 2024, 12:10:58 PM IST Sensex Today Live: Broader market indices heat map Sensex Today Live: The more comprehensive market remained in the green, with the BSE SmallCap index up 0.36% and the BSE MidCap index up 0.19%. View Full Image 25 Apr 2024, 12:09:55 PM IST Sensex Today Live: Gainers and Losers on Nifty Sensex Today Live: 22 of the 50 stocks on the Nifty 50 remained in the red. Kotak Mahindra Bank, LTIMindtree, HUL, Tata Consumer Products, and Titan were the leading drags, while Axis Bank, SBI, HCLTech, Sun Pharma, and Dr Reddy’s were the leading gainers. View Full Image 25 Apr 2024, 12:06:34 PM IST Sensex Today Live: Gainers and Losers on Sensex Today Live: 11 of the 30 stocks on the Sensex remained in the red. Kotak Mahindra Bank, HUL, Titan, Maruti Suzuki India, and Bajaj Finance, were the leading losers, while Axis Bank, SBI, Sun Pharma, HCLTech, and ITC were the leading gainers. View Full Image 25 Apr 2024, 12:02:48 PM IST Sensex Today Live: 12 pm market upgrade Sensex Today Live: Indian benchmark indices were blended on Thursday, following worldwide peers down. At 12 pm, Sensex was up 11.06 points, or 0.01%, at 73,864, and Nifty was down 2 points, or 0.01% at 22,400.40. 25 Apr 2024, 11:50:48 AM IST Sensex Today Live: Schneider Electric up almost 4% as international moms and dad signals India service grew in double-digits Sensex Today Live: Schneider Electric’s international moms and dad Schneider Global, in its Q! outcomes stated, the group’s India company grew in double digits in the March quarter. It stated, India, which ranks 3rd in size of Group profits, as soon as again provided double-digit development with strength throughout numerous end-markets, supported by capex financial investment in medium and big sized tasks, contributing highly to the total development of the Group.” 25 Apr 2024, 11:44:18 AM IST Sensex Today Live: Divi’s Laboratories’ shares get as business prepares to broaden capability with financial investment of 700 crore Sensex Today Live: Divi’s Laboratories today notified the exchanges that it is preparing to increase its production capability with a financial investment of 700 crore, as talks with a consumer for along-term supply agreement development promptly. In an exchange filing, the business stated, “The Company remains in the procedure of participating in a long-lasting supply arrangement with a consumer and is preparing for capability addition at its production center with an approximated financial investment in between 650 crores to 700 crores, to be moneyed from internal accruals. The proposed center is anticipated to be functional around January, 2027.” 25 Apr 2024, 11:39:29 AM IST Sensex Today Live: Brigade Group partners with IHG Hotels & Resorts to open InterContinental Hyderabad Neopolis Sensex Today Live: Brigade Group today notified the exchanges that it has actually signed a management arrangement to open the very first InterContinental branded hotel in Telangana − InterContinental Hyderabad Neopolis. The hotel, slated to open in 2029, will have 300 spaces, and display 5 dining alternatives, consisting of a signature dining establishment, 2 specialized dining establishments, and a lobby lounge, the business stated. The hotel is likewise proposed to provide conferencing centers, a gym, health club, a pool, an outside entertainment location and a retail outlet, the business included. 25 Apr 2024, 11:31:10 AM IST Sensex Today Live: MAS Financial Services shares climb up more than 7% as business posts 23% YoY dive in net revenue for Q4FY24 Sensex Today Live: Revenue from operations: 328.10 crore in Q4, vs. 318.50 crore in Q3FY24, up 3% QoQ, and 266.74 in Q4FY23, up 23% YoY Revenue from operations: 1,217.15 in FY24, vs. 936.85 in FY23, up 30% YoY Profit before tax: 91.09 crore in Q4FY24, vs. 84.51 crore in Q3FY23 up 7.8% QoQ, and 70.41 crore in Q4FY23, up 30% YoY Profit before tax: 331.42 crore in FY24 vs. 264.70 crore in FY23 Profit after tax: 68.05 crore in Q4FY24 vs. 62.44 crore in Q3FY24 up 9% QoQ, and 55.55 crore in Q4FY23, up 22% YoY Profit after tax: 247.75 crore in FY24 vs. 200.96 crore in FY3, up 23.3% YoY 25 Apr 2024, 11:02:01 AM IST Sensex Today Live: 11 am market upgrade Sensex Today Live: Indian benchmark indices were silenced on Thursday, following international peers down as a thrashing in tech stocks dragged the United States standard indices down over night after Facebook-owner Meta reported frustrating projections. At 11 am, Sensex was down 81.99 points, or 0.11%, at 73,770.95, and Nifty was down 36.25 points at 22,366.15. 25 Apr 2024, 10:53:58 AM IST Sensex Today Live: EaseMyTrip partners with Adani Digital Labs to use unique duty-free shopping advantages Sensex Today Live: EaseMyTrip today notified the exchanges that it has actually partnered with Adani Digital Labs to use unique duty-free shopping advantages to its consumers. In an exchange filing, the business stated, the partnership will enable consumers smooth access to responsibility complimentary shopping straight from its platform. It included that consumers can access this service through pre-order straight by means of the airport services page on the EaseMyTrip site. And it is presently readily available at 7 significant worldwide airports throughout India, consisting of Amritsar, Ahmedabad, Jaipur, Lucknow, Mangaluru, Mumbai and Thiruvananthapuram. 25 Apr 2024, 10:34:44 AM IST Sensex Today Live: Petroleum and Natural Gas Regulatory Board (PNGRB) validates Adani Total’s gas pipline in Mundra SEZ after payment of charge Sensex Today Live: Adani Total Gas today notified the exchanges that the Petroleum and Natural Gas Regulatory Board (PNGRB) has actually validated its gas pipline in Mundra SEZ after the board enforced a charge on the business for not seeking its approval before building the pipeline. Following the develoment, the business will have the ability to run the pipeline and produce profits from it. The business, in an exchange filing, stated, “The Regulatory Board has actually chosen to validate/ regularize the gas pipeline laid in Mundra SEZ and charged a charge under Section 28 of PNGRB Act. The statement by the PNGRB will pave method for allowing ATGL to run the pipeline and create incomes”. ATGL had actually laid the pipeline according to the approval given under the SEZ Act. As per PNGRB, approval must have been acquired from the Regulatory Board under the PNGRB Act. 25 Apr 2024, 10:21:03 AM IST Sensex Today Live: Indian Hotels Company shares down 3.6% even after business reported 27% dive in net earnings Sensex Today Live: The business experienced a year-on-year rise of 27.43% in its net earnings, reaching 418 crore in the 4th quarter of the 2023-34, according to an exchange filing on April 24. In the matching duration of the previous year, the net revenue was 328 crore. The combined profits for the March quarter increased to 1,951 crore, up from 1,625 crore in the exact same duration in 2015. The net revenue for the complete year saw a year-on-year development of 26%, reaching 1,259 crore, while the profits increased by 17% to 6,952 crore. In addition, a dividend of 1.75 per share was stated by the business. 25 Apr 2024, 10:11:50 AM IST Sensex Today Live: Happiest Minds Technologies set to get PureSoftware Technologies for 779 crore; shares get Sensex Today Live: Happiest Minds Technologies today notified the exchanges that it has actually participated in a Share Purchase Agreement with PureSoftware Technologies to obtain the business for an overall factor to consider of 779 crore. In an exchange filing, the business stated, “We want to notify that the Company has actually performed a Share Purchase Agreement to get 100% of the equity interest in the share capital of PureSoftware Technologies Private Limited, based on the conditions set out in the Agreement. On closing the stated deal PureSoftware will end up being an entirely owned subsidiary of the Company”. The business included that it will pay 635 crore in advance, while the remainder of the quantity of 144 crore will be payable at the end of FY25 on accomplishment of set efficiency targets. 25 Apr 2024, 10:03:01 AM IST Sensex Today Live: 10 am market upgrade Sensex Today Live: Indian benchmark indices were soft however trading in the green on Thursday, following international peers down as a thrashing in tech stocks dragged the United States standard indices down over night after Facebook-owner Meta reported frustrating projections. At 10 am, Sensex was up 36.17 points, or 0.05%, at 73,889.11, and Nifty was up 0.65 points at 22,403.05. 25 Apr 2024, 09:56:04 AM IST Sensex Today Live: Dalmia Bharat shares down 3.5% after net earnings falls 46% YoY in Q4FY24 Sensex Today Live: The business revealed on Wednesday that its combined net revenue for January-March fell by 46.5% year-on-year to 315 crore, a decline credited to a depression in cement rates that affected margins. The business had actually formerly reported a net earnings of 589 crore for the very same duration in FY23. Regardless of this, the business stays positive about need development. It reported a combined income of 4,307 crore in the last quarter of FY24, marking a 10% boost from the previous year. The sales volume likewise saw a boost, increasing by 18.5% to 8.8 million tonnes (mt). Dalmia Bharat’s Ebitda stood at 654 crore, with an Ebitda margin of 15.18%. For the complete fiscal year that ended on 31 March, the business reported a combined earnings after tax of 826 crore, a reduction of 20.19%. Its profits was 14,691 crore, a boost of 8.4% over FY23. In FY24, the business likewise broadened its set up production capability by over 15% to 44.6 mt. 25 Apr 2024, 09:48:04 AM IST Sensex Today Live: HUL shares down 1.3% after business misses out on Q4 quotes Sensex Today Live: On April 24, Hindustan Unilever Ltd revealed a 6% reduction in standalone net revenue for the financial 4th quarter, totaling up to 2,406 crore, compared to 2,552 crore throughout the exact same duration in 2015. The business’s sales saw a minor boost, reaching 14,693 crore in the 4th quarter. Income from an essential section, appeal and individual care, fell by 2.7%. HUL stated a last dividend of 24 per share for FY24 on equity show a stated value of Re 1. This remains in addition to an interim dividend of 18 per share paid on November 16, 2023. The overall dividend for FY24 is 42 per equity share, each with a face worth of Re 1. Experts’ price quotes had actually forecasted an earnings of 2,435 crore on income of 14,913 crore. 25 Apr 2024, 09:37:06 AM IST Sensex Today Live: LTIMindtree shares in the red as Q4 earnings falls Sensex Today Live: LTIM earnings for the March quarter reduced by 1.3% sequentially to $1.07 billion in Q4FY24, below $1.08 billion in the December 2023 quarter. The business’s full-year earnings reached $4.29 billion, marking a 4.4% boost from $4.11 billion the previous year. The company reported a net revenue of $553.4 million for the ending 31 March, a 1.36% boost from its FY23 net earnings of $545.7 million. The business’s net earnings for the March quarter fell by 5.8% sequentially to $132.4 million. In regards to earnings, LTIMindtree’s efficiency mainly fulfilled expert quotes for FY24 and the March quarter. A Bloomberg survey of 38 experts predicted LTIM to conclude FY24 with a net profits of $4.27 billion. The business’s quarterly income lined up with the expectations of 26 experts who forecasted a Q4 income of $1.07 billion. The Bloomberg survey anticipated the IT giant to report a net earnings of $559.6 million for FY24 and $138.1 million for the last quarter of the previous financial, however LTIMindtree fell short of the latter expectation. 25 Apr 2024, 09:33:14 AM IST Sensex Today Live: Macrotech Developers shares in the red as combined net earnings falls 11% in Q4FY24 Sensex Today Live: The business, running under the ‘Lodha’ brand name, has actually increased its pre-sales anticipate for 2024-25 by 20% to 17,500 crore, backed by robust need and a strong launch pipeline, according to a senior business authorities. The Mumbai-based designer accomplished a record high of 14,520 crore in pre-sales in FY24. On Wednesday, the property company reported an 11% decline in combined net earnings to 665.5 crore for the March quarter. The business saw a three-fold boost in revenue to 1,549.1 crore for the complete financial year. The net revenue was 744.4 crore in the 4th quarter of 2022-23 and 486.7 crore for the whole 2022-23. The business’s overall earnings increased to 4,083.9 crore in Q4FY24 from 3,271.7 crore in the very same duration in 2015, according to a regulative filing. Throughout 2023-24, the business’s overall earnings increased to 10,469.5 crore from 9611.2 crore in the 2022-23. 25 Apr 2024, 09:31:48 AM IST Sensex Today Live: Axis Bank shares up almost 4% after business posts robust Q4 results Sensex Today Live: On Wednesday, April 24, Axis Bank reported a net earnings of 7,130 crore, a substantial turn-around from the 5,728.4 crore loss in the very same duration in 2015. The bank’s net interest earnings (NII), which is the distinction in between interest made and paid, increased by 11.5 percent YoY to 13,089 crore, up from 11,742 crore in the previous year. For the quarter, Axis Bank’s operating earnings was 10,536 crore, a 15 percent YoY boost. The core operating earnings for the March quarter was 9,515 crore, a 5 percent YoY boost. The net revenue for Q4FY24 was 7,130 crore, compared to a bottom line of 5,728 crore in Q4FY23, and it grew 17 percent QoQ. The bank’s net interest margin (NIM) for Q4FY24 was 4.06 percent, a 5 bps QoQ boost. The board of the economic sector loan provider advised a dividend of Re 1 per equity share for FY24. 25 Apr 2024, 09:29:00 AM IST Sensex Today Live: Sector Indices Heat Map Sensex Today Live: Among sectoral indices, heavyweight ones like Bank, Financial Services, Auto, FMCG, Consumer Durables, and Metal and Realty remained in the red. View Full Image 25 Apr 2024, 09:26:46 AM IST Sensex Today Live: Broader market indices heat map Sensex Today Live: The more comprehensive market was holding stable in the green, with the BSE Midcap index acquiring 0.18%, and the BSE SmallCap index acquiring 0.30%. View Full Image 25 Apr 2024, 09:25:17 AM IST Sensex Today Live: Gainers and Losers on Nifty Sensex Today Live: 18 of the 50 stocks on the Nifty 50 remained in the red. Kotak Mahindra Bank, Tata Consumer Products, LTIMintree, HUL, and Titan, were the leading drags, while Axis Bank, Eicher Motors, HCLTech, Sun Pharma and Nestle India, were the leading gainers. View Full Image 25 Apr 2024, 09:20:18 AM IST Sensex Today Live: Kotak Mahindra Bank shares fall almost 10% after RBI limits bank from releasing brand-new charge card and onboarding brand-new clients by means of online channels Sensex Today Live: On Wednesday, the Reserve Bank of India (RBI) restricted Kotak Mahindra Bank from including brand-new clients through its online website and mobile app, and from releasing brand-new charge card, due to considerable imperfections in its IT system. The RBI recognized shortages and non-compliances in numerous locations of the bank’s IT system for the years 2022 and 2023, including IT stock management, spot and modification management, user gain access to management, supplier threat management, and information security. A representative for Kotak Mahindra Bank mentioned in a release that the bank has actually executed procedures to embrace brand-new innovations to boost its IT systems and will continue to work together with the RBI to without delay deal with staying concerns. 25 Apr 2024, 09:18:48 AM IST Sensex Today Live: Gainers and Losers on Sensex Today Live: More than half of the stocks on the BSE Sensex remained in the red. Kotak Mahindra Bank, HUL, Titan, Asian Paints, and Mahindra & Mahindra, were the leading drags, while Axis Bank, HCLTech, HDFC Bank, Sun Pharma, and IndusInd Bank, were the leading gainers. View Full Image 25 Apr 2024, 09:16:51 AM IST Sensex Today Live: Opening Bell Sensex Today Live: Indian benchmark indices opened at a loss on Thursday, following international peers down as a thrashing in tech stocks dragged the United States standard indices down after frustrating projections by Facebook-owner Meta. At opening bell, Sensex was down 181.27 points, or 0.25%, at 73,671.67, and Nifty was down 53.50 points, or 0.24%, at 22,348.90. 25 Apr 2024, 09:14:12 AM IST Sensex Today Live: Narayana Hrudayalaya gets 52,272 sq. ft. land in Bengaluru to broaden service Sensex Today Live: Narayana Hrudayalaya today notified the exchanges that it has actually obtained 52,272 sq. ft. land in Bengaluru to pursue its growth strategies. In an exchange filing, the business stated, “This to notify you that today the Company has actually bought Land determining 01 Acre 08 Guntas (approx. 52,272 Sq. Ft.) in Bengaluru to pursue business’s organization growth strategies.” 25 Apr 2024, 09:10:50 AM IST Sensex Today Live: Benchmark indices red at pre-open Sensex Today Live: Indian benchmark indices were red at pre-open on Thursday, following international peers down as a thrashing in tech stocks dragged the United States criteria indices down following frustrating projections by Facebook owner Meta. Sensex was down 278.77 points, or 0.38%, at 73,574.17 and Nifty was down 87.50 points, or 0.39%, at 22,314.90 throughout pre-open. 25 Apr 2024, 09:00:42 AM IST Sensex Today Live: Prashanth Tapse, Senior VP (Research), Mehta Equities, states bullish belief dominates for Nifty, Bank Nifty and some particular stocks in pre-opening market remark Sensex Today Live: “United States stock futures are taking a sharp dive on Thursday early morning, stimulated by Meta Platforms’ considerable 15% stock cost drop following a frustrating profits outlook. While a slow volatility index mean expect stability in the upcoming elections and geopolitical stress, issues remain over intensifying disputes in the Middle East, albeit tempered by a drop in oil rates. All eyes are on Friday’s inflation report in the middle of the Federal Reserve’s data-dependent position. In the Indian market, FIIs turned net sellers while DIIs made purchases. Attention is likewise concentrated on the release of Q4 profits, with bullish beliefs dominating for Nifty, Bank Nifty, and particular stocks like CUMMINS.”– Prashanth Tapse, Senior VP (Research), Mehta Equities 25 Apr 2024, 08:57:43 AM IST Sensex Today Live: Why is Indian stock exchange anticipated to open lower in trade on April 25; Explained Sensex Today Live: The Indian stock exchange’s crucial indices, Sensex and Nifty 50, are prepared for to start trading on a lower note on Thursday, affected by undesirable hints from the worldwide markets. The Gift Nifty patterns likewise recommend an unfavorable opening for the Indian benchmark index, trading around the 22,350 level, almost 60 points listed below the previous close of Nifty futures. The Nifty 50 chart revealed a little unfavorable candle light with a small upper shadow. “Technically, this pattern recommends a range-bound motion in the market around 22,450 – 22,500 levels. As Nifty is presently near the important overhead resistance of the previous opening drawback space of 15th April around 22,500 levels, there is a greater possibility of a definitive benefit breakout of the stated resistance in the near term, as long as Nifty does not reveal any sharp decrease from near the essential resistance,” specified Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities. He thinks that the short-term pattern of Nifty is range-bound with a favorable predisposition. (Read the complete story here.) 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Sensex Today Live Updates: Sensex up 580pts, Nifty at 22,580; Realty, Cons., down, PSB, Auto, Pharma, Health, O&G gain|Mint – Mint
