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Stock Market on 05 February 2025 | Share Market Highlights – Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets.
Benchmark indices Sensex and Nifty ended lower in a volatile session on Wednesday as investors turned cautious ahead of the RBI’s monetary policy decision later this week and trade war concerns.
The 30-share BSE Sensex declined 312.53 points or 0.40 per cent to settle at 78,271.28. During the day, it went lower by 367.56 points or 0.46 per cent to 78,216.25.
The NSE Nifty dropped 42.95 points or 0.18 per cent to 23,696.30.
Sensex and Nifty drop amid cautious investor sentiment ahead of RBI policy decision, trade war concerns, and profit-taking.
Swiggy reported a net loss of ₹799 crore in the quarter ended December 2024 as against ₹574.3 crore in the corresponding quarter previous year.
However, its revenue from operations was up ₹3993.1 crore in the quarter under review as against ₹3048.6 crore in the corresponding quarter previous year.
The rupee plunged 39 paise to close at an all-time low of 87.46 (provisional) against the US dollar on Wednesday, as global trade war concerns fuelled risk aversion among investors.
Forex traders said the rupee is trading with a negative bias over global trade war as market participants mulled the impact of tariffs being imposed by the United States and China.
Rupee hits all-time low against US dollar due to global trade war concerns, RBI rate cut worries.
Going forward, CareEdge Ratings expects demand growth to remain relatively subdued in the backdrop of a slowdown in major global economies and higher thrust towards Electric Vehicles (EVs) and alternate fuels.
Shares closed 4.13% positive on the NSE at ₹1,715.
Zinka Logistics Solutions’ consolidated net loss widened to ₹48 crore in the quarter ended December 2024 as against ₹19.5 crore in the corresponding quarter previous year.
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Atlanta Electrical Limited, one of the leading manufacturers of power, auto and inverter duty transformers in India, terms of production volume as of Fiscal 2024 (Source: CRISIL Report) has filed with SEBI for an Initial Public Offering (IPO).
The company is of the few companies in India, manufacturing transformers up to and including 200 Mega Volt-Amp (“MVA”) capacity and with 220 kilovolts (“kV”) voltage (Source: CRISIL Report).
Krupeshbhai Narharibhai Patel, Niral Krupeshbhai Patel, Amish Krupeshbhai Patel, Tanmay Surendrabhai Patel, Narharibhai S. Patel Family Trust, Patel Family Trustee Private Limited, Niral Patel Family Trust, Amish Patel Family Trust, Tanmay Patel Family Trust And ATLANTA UHV TRANSFORMERS LLP are the promoters of the company.
The public offer comprises of a fresh issue of equity shares of face value of Rs. 2 each aggregating up to Rs. 400 crore and an offer for sale of upto 3,810,895 equity shares. The offer includes a reservation of equity shares for subscription by eligible employees.
The company proposes to utilize the net proceeds towards Repayment/ prepayment in full or in part of certain outstanding borrowings availed by the Company, funding working capital requirements of the company and general corporate purposes.
The offer for sale of up to 3,810,895 equity shares of face value of ₹2 each comprises of up to 435,900 equity shares by Atlanta UHV Transformers LLP (Promoter Selling Shareholder) ; up to 666,560 equity shares by Hemang Harendra Shah; up to 777,185 equity shares by Nimish Harendra Shah; up to 217,500 equity shares by Dhaval Harshadbhai Mehta (held jointly with Avanee Dhavalbhai Mehta); up to 326,250 equity shares by Gitaben Harshadbhai Mehta (held jointly with Harshadbhai Amritlal Mehta); upto 1,387,500 equity shares by Jignesh Suryakant Patel (Other Selling Shareholders) (collectively, “selling shareholders” and such offer for sale of equity shares by the selling shareholders, the “offer for sale”).
The company, in consultation with the BRLMs, may consider a further issue of specified securities through a preferential issue or any other method, as may be permitted under the applicable law, aggregating up to Rs. 80 crore prior to the filing of the Red Herring Prospectus (the “Pre-IPO Placement”). The Pre-IPO Placement, if undertaken, will be at a price to be decided by the Company, in consultation with the BRLMs. If the Pre-IPO Placement is completed, the amount raised pursuant to the Pre-IPO Placement will be reduced from the Fresh Issue, subject to compliance with Rule 19(2)(b) of the SCRR.
Motilal Oswal Investment Advisors Limited and Axis Capital Limited are the Book Running Lead Managers to the Issue.
Welspun Michigan Engineers Limited, a material subsidiary of Welspun Enterprises, has been awarded Work Order (WO) by the Brihanmumbai Municipal Corporation (BMC), valued at ₹290.88 Crore.
Shares traded at ₹576.30 on the NSE, down 1.48%.
Datamatics Global Services Limited has secured a contract to implement an Automatic Fare Collection (AFC) system for 23 stations on Pune Metro Line 3, the company announced today. The project covers the Hinjewadi to Civil Court (Shivaji Nagar) route, spanning approximately 23 kilometers of elevated track.
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Electrum Portfolio Managers, a boutique asset management firm specializing in portfolio management and equity advisory, has appointed Sudhanshu Asthana as its Chief Business Officer (CBO). With extensive expertise in investment strategy, business development, and financial markets, Asthana’s leadership will play a crucial role in strengthening Electrum Portfolio Managers growth trajectory while maintaining its boutique approach.
Asthana brings over 25 years of experience in the financial sector, having held leadership roles at Quantum Asset Management, SBI Asset Management, Barclays Wealth Management, Axis Asset Management, and UTI Mutual Fund as Fund Manager and Senior Fund manager. He was also Co-Founder, CEO & CIO at Tamohara Investment Managers. He has a strong track record in portfolio management, risk assessment, and strategic investment, overseeing award-winning funds and leading business development.
As Chief Business Officer, he will drive business expansion, client engagement, and strategic partnerships, strengthening Electrum Portfolio Managers commitment to tailored investment solutions. With expertise across traditional finance and the startup ecosystem, he is well-positioned to advance financial solutions and market strategies.
Arpit Agrawal, Founder & CIO of Electrum Portfolio Managers, said, “Sudhanshu’s expertise in capital markets and ability to scale high-quality businesses make him a valuable addition. His leadership will strengthen our offerings while upholding our core principles of disciplined investing and risk management.”
Zydus Lifesciences Limited reported a 30 per cent year-on-year increase in net profit to ₹1,023.5 crore for the quarter ended December 31, 2024, driven by robust performance in its US formulations business. The Ahmedabad-based pharmaceutical company’s revenue from operations grew 17 per cent to ₹5,269.1 crore compared to the same period last year.
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The rupee weakened to its all-time low on Wednesday, pressured by expectations that the Reserve Bank of India will cut interest rates later this week, while dollar demand from importers also weighed.
The rupee fell to 87.35 against the U.S. dollar, eclipsing its previous lifetime low of 87.28 hit on Monday and was down nearly 0.3 per cent on the day.
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Gallantt Ispat reported consolidated net profit at ₹113.67 crore for the third quarter ended December 2024 as against ₹51.97 crore in the corresponding quarter previous year.
Stock traded at its upper circuit on the NSE at ₹332.45
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Stocks advanced on BSE at 3 pm on Feb 5, 2025, were 2,619 against 1,307 stocks that declined, and 133 remained unchanged. Total stocks traded were 4,059. The number of stocks that recorded a 52-week high was 63, and those that hit a 52-week low was 55. A total of 312 stocks traded in the upper circuit, and 197 in the lower circuit.
Solar Industries India reported consolidated net profit for the quarter ended December 2024 at ₹337.50 crore as against ₹221.94 crore in the corresponding quarter previous year.
Shares rose 1.02% on the NSE to ₹9,849.15
Navneet Education reported consolidated net profit for the quarter ended December 2024 at ₹15.81 crore as against ₹4.86 crore in the corresponding quarter previous year.
Shares surged 3.88% on the NSE to ₹145.94
Knowledge Marine & Engineering Works Limited (“KMEW”) has received a work order from DCIL for Chartering of the TSHD for carrying out “Dredging in the Navigational Channel, Kandla Creek, Oil Jetties, & Cargo Berths at Deendayal Port (valued ₹48.45 crore.)
Shares were up 1.19% on the NSE at ₹2,054.40
Thangamayil Jewellery’s consolidated net profit for the quarter ended December 2024 was at ₹48.19 crore as against ₹28 crore in the corresponding quarter previous year.
Shares soar 12.26% on the NSE to ₹2,111.
Nilkamal reported its consolidated net profit for the quarter ended December 2024 at ₹21.61 crore as against ₹29.36 crore in the corresponding quarter previous year.
Shares traded at ₹1,720 on the NSE, lower by 4.20%.
Eveready Industries India reported its consolidated net profit for the quarter ended December 2024 at ₹13.10 crore as against ₹8.41 crore in the corresponding quarter previous year.
Shares traded at ₹362.55 on the NSE, 3.51% positive.
Info Edge (India) reported its consolidated net profit for the quarter ended December 2024 at ₹288.4 crore as against ₹119.4 crore in the corresponding quarter previous year.
Shares rises 2.08% on the NSE to ₹7,867.
Page Industries reported its consolidated net profit for the quarter ended December 2024 at ₹204.65 crore as against ₹152.35 crore in the corresponding quarter previous year.
Shares gained 1.02% on the NSE to ₹47,386.85.
Ramco Systems reported its consolidated net loss for the quarter ended December 2024 at ₹10.09 crore as against the lsos of ₹26.12 crore in the corresponding quarter previous year.
Shares were up 5.55% on the NSE, trading at ₹385.
Tega Industries reported its consolidated net profit for the quarter ended December 2024 at ₹54.2 crore as against ₹35.6 crore in the corresponding period previous year.
Stock rallied 11.34% on the NSE to ₹1,701.20.
Jeweller Titan will likely have to pay higher interest rates to lease gold from bullion banks, which have increased shipments to the U.S. in search of bigger profits, tightening supply in other regions, the company said on Wednesday.
Jewellers such as Titan, which owns the Tanishq and CaratLane brands, lease gold from bullion banks, which import the metal, to avoid inventory risks due to fluctuation in prices of the yellow metal. – Reuters
Adani Wilmar is expecting an around 10% growth in sales volume next fiscal year, CEO Angshu Mallick told Reuters on Wednesday, counting on demand from 10-minute grocery delivery apps and a tax cut-led revival in urban consumer spending.
Arvind Fashions reported its consolidated net profit for the quarter ended December 2024 at ₹47.65 crore as against ₹30.12 crore in the corresponding period previous year.
Stock gained 3.11% on the NSE at ₹497.95
Ola Electric, India’s largest pure-play EV company, launched its first electric motorcycle series, the Roadster X, today with prices starting at ₹74,999. The company announced five variants of the motorcycle, with deliveries scheduled to begin in mid-March 2025.
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Amj Land Holdings reported its consolidated net profit for the quarter ended December 2024 at ₹237.05 lakh as against ₹59.48 lakh in the corresponding quarter previous year.
Stock traded at ₹59.28 on the NSE, up 1.91%.
Bajaj Finserv AMC has announced the launch of Bajaj Finserv Multi Cap Fund, an open-ended equity scheme investing across large cap, mid cap and small cap stocks. The fund opens for subscription on February 6, 2025, and closes on February 20, 2025.
”Gold prices touched a record high of $2880 level in international markets. The rally in prices of yellow metal is due to the softness in DXY which fell from 109 to 107 level. Also, rising concerns of a likely US-China trade war amidst the Trump’s tariff threats are playing a crucial role in supporting the prices of gold. Gold prices move upwards in times of economic uncertainty, which boosts the demand for safe-haven assets like gold.
While the US has agreed to postpone plans to impose 25% tariffs on Canada and Mexico by 30 days, they have reiterated their stance to impose 10% trade tariffs on Chinese goods. China, on the other hand, retaliated with tariffs on some US exports, which is paving the way for a possible trade war between both countries.
Going forward, we reiterate our view of gold hitting levels of $3000 for international markets. In the domestic market, gold prices are expected to hit around INR 88,000 level.”
Zydus Lifesciences reported its consolidated net profit for the quarter ended December 2024 at ₹1023.5 crore as against ₹789.6 crore in the corresponding quarter previous year.
Stock traded flat on the NSE at ₹976.25.
India’s natural gas production is expected to peak in the current calendar year, after which it is likely to decline at a rate of 3.6 per cent annually until 2030, Wood Mackenzie said in a report.
Besides, falling production amidst rising demand for the commodity—considered the best transition fuel—is expected to push up imports. India is likely to become the world’s third largest importer of liquefied natural gas (LNG), after China and Japan, by 2032, with inbound cargoes accounting for 75 per cent of its gas consumption.
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WESTLIFE FOODWORLD reported its consolidated net profit for the quarter ended December 2024 at ₹6.48 crore as against ₹23.09 crore in the corresponding quarter previous year.
Stock traded at ₹845.95 on the NSE, down 3.93%.
Happiest Minds Technologies stock traded at ₹698 on the NSE, down 1.48%. Company reported its consolidated net profit for the quarter ended December 2024 at ₹50.10 crore as against ₹59.62 crore in the corresponding quarter previous year.
Tantia Constructions Limited has received a Letter of Acceptance from The Braithwaite and Jessop Construction Company Limited for the construction of Road Over Bridge (ROB)
Stock gained 2.77% on the NSE to ₹52.71.
YES Securities (India) Limited, a subsidiary company of Yes Bank has allotted 2,50,85,603 equity shares of ₹10 each at a premium of ₹49.28 per share to YES Bank Limited, for an amount aggregating to ₹148.71 Crore for a cash consideration by way of Rights Issue.
Yes Bank shares were up 1.26% on the NSE to ₹19.36.
Datamatics has been issued the Notification of Award for design, supply, installation, testing, commissioning and integration of Automatic Fare Collection (AFC) system for 23 stations of Pune Metro Line 3 in Maharashtra, India.
Stock zooms 7.89% on the NSE to ₹672.75
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Stocks advanced on BSE at 12.09 on Feb 5, 2025, were 2,610 against 1,132 stocks that declined, and 174 remained unchanged. Total stocks traded were 3,916. The number of stocks that recorded a 52-week high was 47, and those that hit a 52-week low was 47. A total of 208 stocks traded in the upper circuit, and 174 in the lower circuit.
1. Kilburn Engineering: ORDER
Company has secured orders worth INR 31.2 Cr since December 4, 2024, for Rotary Calciner, Heat Exchangers, Tea Drying Equipment, and Spares. Total Orders/LOIs for the year stand at INR 460 Cr.
2. Australian Premium: ORDER
Company has received purchase order worth INR 25.4 Cr for supply of APS- Solar PV Module 540W/SPVM540, to be completed within 4 months.
3. MRP Agro: NEW PRODUCT
Company has launched five premium Urad pulses products—Janm Silver Urad Mogar, Janm Gold Urad Gota, Janm Platinum Urad Mogar, Black Diamond Urad Pulses, and JK Bold No. 1 Urad Mogar, for the domestic market. These Sortex-cleaned, high-quality pulses will be supplied in 30 kg packets across districts in Madhya Pradesh.
4. Apollo Micro Systems: GOOD TO EXCELLENT RESULTS
For the quarter ending Dec-24, Sales up 63% YoY from INR 91 Cr in Dec-23 to INR 148 Cr in Dec-24. Similarly, Net Profit up 80% from INR 10 Cr to INR 18 Cr. On a QoQ basis, Sales down 8% and Net Profit up 13%.
5. Bharat Bijlee: GOOD TO EXCELLENT RESULTS
For the quarter ending Dec-24, Sales up 21% YoY from INR 424 Cr in Dec-23 to INR 514 Cr in Dec-24. Similarly, Net Profit up 37% from INR 30 Cr to INR 41 Cr. On a QoQ basis, Sales up 30% and Net Profit up 2.2x.
Max Financial Services stock gained 3.10% on the NSE, trading at ₹1,135. Despite, a 59% fall in net profit to ₹70 crore in the third quarter ended December 2024 as against ₹171 crore in the year-ago period.
“Gold prices touched an all-time high in yesterday’s session, underpinned by safe-haven demand after China responded to U.S. tariffs, which were initially imposed by President Donald Trump on the world’s largest consumer of gold. China swiftly hit back with tariffs on U.S. imports, intensifying the trade war between the world’s two largest economies, even as Trump granted temporary reprieves to Mexico and Canada. Trump said on Tuesday he sees no urgency in speaking with Chinese President Xi Jinping to ease a growing trade war, sparked by his sweeping 10% tariffs on all Chinese imports. The market views the tariffs as inflationary, potentially boosting safe-haven demand for bullion, which is traditionally seen as a hedge against both rising prices and geopolitical turmoil. President Trump also commented that US would take over and develop Gaza strip increasing uncertainties in market. Data showed U.S. job openings in December fell to 7.6 million, falling short of the consensus estimate of 8 million, indicating potential economic slowdown. Dollar index fell sharply from the recent high of ~109.80 to currently at ~107.90 further supporting precious metal pack. Focus today will be on US private payroll data and services PMI from major economies.”
JSW Energy Limited has received letter of award from West Bengal State Electricity Distribution Company Limited for development and operation of 1,600 MW greenfield (2 x 800 MW) super / ultra super critical domestic coal based thermal power plant (“TPP”). The plant is awarded under competitive bidding process invited by WBSEDCL and it will utilise the domestic linkage coal allocated to West Bengal under the SHAKTI B (iv) policy.
Stock surged 5.32% on the NSE to ₹494.70
Washroom Hygiene Concepts Private Limited, subsidiary of Updater Services, has received an order from the office of Superintendent, Wazirpur, Delhi for an amount of Rs. 23,37,712/- under section 74 CGST Act 2017.
Stock traded at ₹368.05 on the NSE, up 2.82%.
HDFC Life Insurance Company board has approved issuance of non-convertible debentures for an amount aggregating up to ₹1,000 crore for cash, on private placement basis by way of second series/ tranche within the overall limit of up to ₹2,000 crore.
Stock traded 1.36% higher on the NSE at ₹634.40.
Ola Electric announced its entry into the EV motorcycle segment with the launch of its Roadster X series. The all-new Roadster X comes in 2.5kWh, 3.5kWh and 4.5kWh variants and are priced at ₹74,999, ₹84,999 and ₹94,999, respectively.
Stock traded flat on the NSE at ₹75.36.
ITC Hotels Ltd has been removed from the BSE Sensex and 22 other BSE indices effective February 5, 2025, prior to market opening. The shares are now trading at ₹167.05 up by ₹2.40 or 1.46 per cent on the BSE at 11.09 am.
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Caplin Point Laboratories’ subsidiary Caplin Steriles Limited received final approval from the United States Food and Drug Administration (USFDA) for the Abbreviated New Drug Application (ANDA) Procainamide Hydrochloride Injection USP, 1g/10mL and 1g/2mL Vials, a generic therapeutic equivalent version of the Reference Listed Drug (RLD) PRONESTYL, from Apothecon Inc.
Shares traded at ₹2,193.90 on the NSE, higher by 4.13%.
Seamec Ltd has entered into a Bimco Charter Party dated 3rd February 2025 with Safeen Al Behar Limited Company, Saudi Arabia for Charter Hire of Vessel “SEAMEC SWORDFISH” for working in Kingdom of Saudi Arabia and UAE. The Charter Hire will be for a firm period of 730 days with option for extension on mutually agreed terms.
Shares gained 3.31% on the NSE to ₹1,047.85
Fischer Medical Ventures Limited announced the sale of 10 state-of-the-art 1.5T Whole Body MRI machines to Atrium Diagnostics, a leading provider of advanced diagnostic imaging services, in partnership with radiologist Dr. Mahendra R. Gulati. The first MRI will be installed in FY 2025.
Shares traded at ₹720 on the BSE, up 2.64%.
Derivative Segment
• Cummins India Ltd.
• Page Industries Ltd.
• Info Edge Ltd.
• Zydus Lifesciences Ltd.
• Abbott India Ltd.
• Gujarat Gas Ltd.
Cash Segment
• Kansai Nerolac Ltd.
• Timken India Ltd.
• CCL Products Ltd.
• Data Patterns Ltd.
• Redington Ltd.
• Solar Ind Ltd.
• Welspun Corp Ltd.
Thursday, 6 February, 2025
Derivative Segment
• BSE Ltd.
• Aurobindo Pharma Ltd.
• SBI
• Trent Ltd.
• Hero MotoCorp Ltd.
• Ramco Cements Ltd.
• Bharti Airtel Ltd.
• Britannia Ind Ltd.
• ITC Ltd.
• PI Industries Ltd.
• Apollo Tyres Ltd.
• Chambal Fertilisers Ltd.
• MRF Ltd.
• NCC Ltd.
• NMDC Ltd.
• PVR Inox Ltd.
• REC Ltd.
Cash Segment
• Motherson Sumi Wiring Ltd.
• Aadhar Housing Ltd.
• Bharat Dynamics Ltd.
• Bharti Hexacom Ltd.
• Bikaji Foods Ltd.
• ZF Commercial Ltd.
• BEML Ltd.
• Cochin Shipyard Ltd.
• Finolex Industries Ltd.
• JK Lakshmi Cement Ltd.
• KIMS Ltd
• Minda Corporation Ltd.
• NMDC Steel Ltd.
• Prism Johnson Ltd.
• Sapphire Foods Ltd.
• Sobha Ltd.
• Sonata Software Ltd.
• UNO Minda Ltd.
Friday, 7 February, 2025
Derivative Segment
• LIC
• Alkem Lab Ltd.
• Delhivery Ltd.
• M&M Ltd.
• Oil India Ltd.
Cash Segment
• Akzo Nobel Ltd.
• Chola Fin Hold Ltd.
• Latent View Ltd.
• Honeywell Auto Ltd.
• 3M India Ltd.
• Action Construction Ltd.
• Firstsource Solutions Ltd.
• AIA Engineering Ltd.
• Archean Chemical Ltd.
• Balrampur Chini Ltd.
• Caplin Point Ltd.
• Century Ply Ltd.
• Chemplast Sanmar Ltd.
• Fortis Health Ltd.
• Gujarat State Petro Ltd.
• Linde India Ltd.
• Mazagon Dock Ltd.
• NHPC Ltd.
• Shipping Corp Ltd
• Edelweiss Ltd
Saturday, 8 February, 2025
Cash Segment
• Amara Raja Ener & Mob Ltd.
• Shaily Engineering LTD
• Affle Ltd.
Monday, 10 February, 2025
Derivative Segment
• Bata Ltd.
• Apollo Hospitals Ltd.
• Escorts Kubota Ltd.
• FSN E-Commerce Ltd.
• Grasim Ind Ltd.
• National Aluminium Ltd.
Cash Segment
• CRISIL Ltd.
• Esab India Ltd.
• Gillette India Ltd.
• Glaxosmithkline Ltd.
• HBL Engineering Ltd.
• Elgi Equipments Ltd.
• Patanjali Foods Ltd.
• PNC Infratech Ltd.
• Sun Pharma Advanced Ltd.
• Varroc Engineering Ltd.
Tuesday, 11 February, 2025
Derivative Segment
• Berger Paints India Ltd.
• IRCTC Ltd.
• Lupin Ltd.
Cash Segment
• P&G H&H Ltd.
• HEG Ltd.
• Bayer CropScience Ltd.
• Astrazeneca Pharma Ltd.
• RHI Magnesita Ltd.
• Cera Sanitaryware Ltd.
• E.I.D. – Parry Ltd.
• Kirloskar Oil Ltd.
• NBCC (India) Ltd.
• Tata Investment Ltd.
• Moil Ltd
Wednesday, 12 February, 2025
Derivative Segment
• Muthoot Finance Ltd.
• Ashok Leyland Ltd.
• Bharat Forge Ltd.
• Hindustan Aero Ltd.
• Jubilant FoodWorks Ltd.
Cash Segment
• Endurance Tech Ltd.
• P&G Health Ltd.
• Suven Phar Ltd.
• IFCI Ltd.
• Finolex Cables Ltd.
• Honasa Consumer Ltd.
• Natco Pharma Ltd.
• Ratnamani Metals Ltd.
Thursday, 13 February, 2025
Derivative Segment
• Hindalco Ltd.
• United Breweries Ltd.
• Deepak Nitrite Ltd.
• Ipca Lab Ltd.
• Manappuram Finance Ltd.
Cash Segment
• Concord Biotech Ltd.
• Grindwell Norton Ltd.
• KNR Constructions Ltd.
• MMTC Ltd.
Monday, 17 February, 2025
Derivative Segment
• ABB India Ltd.
EW, TP Rs 2047
3Q rev was Rs3.2bn, +11% YoY, in line with cos guidance & est. vs 10.7% for DLPL.
EBITDA was Rs0.7bn, missing est. by 6.2% owing to higher employee costs & EBITDA margin at 22.3% vs. DLPL at 25.8%.
PAT was Rs0.3bn, +15.3% YoY, missing est. by 12.3%
UW, TP raised to Rs 452
Margins have improved (YoY) in past 2 qtrs
But, remain circumspect on strong margin expansion over F26-27 as 38-40% of backlog is low-margin consumer biz & there is low visibility on a sharp uptick in share of export/ODM rev
MS On Godrej Props
Overweight Call, Target Rs3,400/sh
Q3 Pre-Sales Were 3% Above Estimate.
9MFY25 Sales Are 71% Of FY25 Guidance
9M Totals Collections 67% Of FY25 Guidance
Net Debt/Equity Stands At 23% (Q2 Was 70%), Helped By Rs6,000 Cr QIP
HSBC On Godrej Props
Buy Call, Target Rs3,700/sh
Q3 Pre-Sales Below Est Due To Some Missed Launches
Co Remains Confident Of Meeting FY25 Guidance
Expect An Upcycle Driven By Strong Margins & Higher Bookings
Completions Should Generate Reported Profits
GS On Kajaria
Buy Call, Target Rs1,280/sh
Reasonable Growth In Q3, Weak Margins But In Price
Volume Growth Was Reasonable, But Margins Were Impacted By Lower Realizations
Lower Realizations Driven By A Higher Mix Of Sales In ‘Projects’ Which Is More Competitive
Additional Costs Related To Stabilizing New Sanitary Ware & Tile Capacities
Kajaria Remains Well Positioned To Improve Both Growth & Margins From Hereon
MS On Kajaria
Underweight Call, Target Rs799/sh
Q3 Below Est, Tiles Volume Growth Continues To Remain Challenging
Margin Likely To Remain Under Pressure Owing To Excess Capacity
See Increasing Competitiveness & Operating De-Leverage
MS On Asian Paints
Underweight Call, Target Rs2,358/sh
Q3 Miss, Decorative volume growth was 1.6%, vs Est of 2%
Remains Cautiously Optimistic On Near-Term Recovery In Demand Conditions
Continues To Invest Behind Brands
Ops Margin On A YoY Basis Affected By An Adverse Mix & Distribution Expenses
Margin Came In Better, Would Be Focussed On Volume Growth Recovery
GS On Asian Paints
Sell Call, Target Rs2,275/sh
Q3 Below Estimates, As EBITDA Declines 20% YoY
Margin Decline Driven By -Ve Ops Leverage Impacted By Increase In Staff Costs
Revenue Decline Worsens Driven By Deteriorating Mix
Near Term Demand Likely To Remain Subdued
Impact Of Increased Competitive Intensity Likely To Increase
Lower FY25/26/27 EPS Est By 4-5%
Jefferies On Asian Paints
Underperform Call, Target Rs2,000/sh
Yet Again Missed Forecasts, Mainly Due To Lower Than Expected Revenues
Mgmt Highlighted Tough Demand Conditions
Demand Is Expected To Improve In A Gradual Manner
Q4 To Also Reflect Pressures
EBITDA Margin Is Expected To Stay At 18-20% In Medium Term
Cut EPS Est By 4-8%
CLSA On Asian Paints
Underperform Call, Target Cut To Rs2,047/sh
Revenue Decline Despite Slight Volume Recovery And Urban Demand Soft
Decorative Paints Down 7.8% But Volume Up 1.6% YoY
Margins Expand Sequentially & It Maintained Its 18-20% EBITDA Margin Guidance
Industrial Biz Grew 4% Driven By General Industrial And Refinish Segments
Macquarie on Asian Paints
O-P, TP Rs 2650
Cautious on demand; confident on margin
Weak demand momentum for next two quarters
Reiterate 18-20% EBITDA margin guidance
Acknowledge that clarity on growth remains key for performance
MS On Titan
Overweight Call, Target Rs3,876/sh
Q3 Slight Miss On Jewellery Margins; Caratlane Margins Rise Sharply
Domestic Jewellery Revenues (Ex-Bullion) Grew 26% YoY
Caratlane Rev Rose 27% YoY , 24% Growth In Studded (Ex-solitaires)
40% Growht In Gold Jewellery, Coins & Solitaries
Watches Rev Rose 14% YoY, With Analog Watches +20% (90% Of Rev)
GS on Titan
Maintain buy, target at Rs3,900
Jewelry margin ahead of estimate
Strong jewelry revenue growth momentum likely to sustain
Wedding related jewelry purchases strong in Q3 (+29% YoY)
Studded acceleration to ease concerns on LGD
Watches, Eyewear deliver strong growth
Raise FY25/26/27 EPS estimates by 1.6%/2.4%/2.4%
Macquarie on Titan
Maintain outperform, target at Rs4,150
Slight EBITDA miss on weak watch margin
Jewelry margin in-line
See demand strength in jewelry segment
Titan hopes to end FY25 with good growth YoY
Flattish sales in Taneira ethnic wear despite large potential opportunity
Any possibility of tariffs, however low, on Indian exports will have a further negative impact on INR, said Rahul Namjoshi, Head of India FICC (Fixed Income, Currencies and Commodities) Sales, Bank of America. A depreciation of Chinese yuan will also have a substantial impact on the INR given our large trade imbalance with China, he said. Excerpts:
Nifty Bank opened today’s session with a gap-up at 50,402 versus yesterday’s close of 50,158. It inched up further and is currently hovering around 50,400, up 0.5 per cent.
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A deepening slowdown in corporate earnings is fuelling fresh concern over India’s $4.1 trillion stock market, and threatening to undermine Prime Minister Narendra Modi’s latest efforts to revive growth.
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Nifty 50 is managing to hold higher after having risen well on Tuesday. The index is trading flat now at 23,747. The advances/declines ratio is at 31:20. This is positive for now. If the trend changes, then it can bring the Nifty under pressure again. We will have to wait and see.
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Vishnu Chemicals informed that the name of wholly -wned subsidiary company has been changed from Jayansree Pharma Private Limited to Vishnu Strontium Private Limited w.e.f February 4, 2025.
Shares traded flat on the NSE at ₹430.30.
Asian Paints stock fell 3.99% to ₹2,260.30 on reporting a decline of 23.5% in consolidated net profit at ₹1,128.43 crore for the third quarter ended December 2024.
ACME Solar Holdings stock surged 6.73% on the NSE to ₹221.70, on recording a consolidated net profit of ₹112 crore in the December 2024 quarter as against ₹44 crore in the corresponding quarter 2023.
Nestle India (-3.05%), UBL (-2.29%), Tata Consumer Products (-2.13%), Marico (-2.02%)
Niva Bupa Health Insurance recorded its profit for the quarter ended December 2024 at ₹13.24 crore as against ₹4.58 crore in the corresponding quarter previous year.
Stock traded flat on the NSE at ₹82.75.
Plaksha University launched the DS Brar Centre for Girls and Women in STEM with support from Mphasis.
Mphasis stock traded flat on the NSE at ₹2,814.
JTL Industries announced the receipt of a significant order to supply 3,000 metric tonnes of Galvanized Iron (GI) pipes of assorted sizes. The order, valued at ₹24 crores, has been placed by the Public Health Engineering (PHE) Department, Jammu, as part of the Jal Jeevan Mission (JJM). The delivery is scheduled to be completed within the next 30 days.
Shares rose 2.03% on the NSE to ₹100.09
Poonawalla Fincorp is working with ServiceNow the AI Platform for business transformation and global digital workflow leader.
Stock traded flat on the NSE at ₹316.
Ultracab bags order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) of approx. ₹51.06 Crore for Supply of LT XLPE Cables.
Shares traded at ₹16.80 on the BSE.
8:15 AM Titan Company
Dial: 022 7195 0000
9:00 AM Max Financial
Dial: +91 22 6280 1141
9:00 AM Happiest Minds
Dial: +91 22 6280 1144
9:30 AM GIC
Dial: +91 22 6280 1107
9:30 AM Metropolis
Dial: +91 22 6280 1259
10:30 AM Mangalore Chem
11:00 AM Power Grid Corp
11:00 AM V-Mart Retail
Dial: +91 22 6280 1259
11:00 AM Sterling Tools
Dial: +91 22 6280 1309
11:00 AM HOEC
Dial: +91 22 6280 1341
( Hosted by Valorem )
11:30 AM Tilaknagar
Dial: +91 22 6280 1141
11:30 AM Paradeep Phosph
Dial: +91 22 6280 1342
12:00 PM JB Chem
Dial: +91 22 6280 1141
12:30 PM J Kumar Infra
Dial: +91 22 6280 1545
2:00 PM Triveni Engg
Dial: +91 22 6280 1141
2:00 PM Birla Corp
Dial: +91 22 6280 1458
2:30 PM Shalby
Dial: +91 22 6280 1146
3:30 PM CL Educate
3:30 PM Interarch Build
Dial: +91 22 6280 1148
3:30 PM Sharda Motor
Dial: +91 22 6280 1224
4:00 PM Global Health
( Hosted by Centrum amc )
4:00 PM Zydus Lifesciences
4:00 PM GPT Infra
Dial: +91 22 6280 1256
4:00 PM Quick Heal Tech
Dial: +91 22 6280 1341
( Hosted by Valorem )
4:00 PM Thomas Cook
Dial: +91 22 6280 1297
4:00 PM Symphony
Dial: +91 22 6280 1315
4:00 PM Kirloskar Ferro
Dial: +91 22 6280 1342
4:00 PM Page Industries
Dial: +91 22 6280 1468
5:00 PM Info Edge
5:00 PM Zinka Logistics
Dial: +91 22 6280 1107
5:30 PM OnMobile Global
Dial: +91 22 6280 1107
6:00 PM Swiggy Ltd
Dial: +91 22 7195 0000
7:00 PM Sagility India
7:00 PM GE T and D India
Dial: +91 22 6820 1206
Asian Paints : (replay)
Niva Bupa Healt : (replay)
Tata Power : (replay)
Zydus Wellness : (replay)
One MobiKwik : (replay)
Ajmera Realty : (replay)
Ceigall India : (replay)
Hikal : (replay)
Godrej Prop : (replay)
Bajaj Electric : (replay)
Results today …
Recent interviews …
Replays available at www.researchbytes.com
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Crude oil futures traded lower on Wednesday morning after industry data showed an increase in inventories in the US for the week ending January 31. At 9.18 am on Wednesday, April Brent oil futures were at $75.86, down by 0.45 per cent, and March crude oil futures on WTI (West Texas Intermediate) were at $72.51, down by 0.26 per cent. February crude oil futures were trading at ₹6329 on Multi Commodity Exchange (MCX) during the initial hour of trading on Wednesday against the previous close of ₹6343, down by 0.22 per cent, and March futures were trading at ₹6308 against the previous close of ₹6328, down by 0.32 per cent.
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Indian equity benchmarks Sensex and Nifty opened on a positive note Wednesday, supported by global sentiment and short-covering by foreign portfolio investors (FPIs). The Sensex rose 70 points to 78,654, while the Nifty gained 30 points to 23,769. FPIs turned net buyers on Tuesday after 22 consecutive sessions of selling, hinting at a potential slowdown in outflows.
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Macquarie on ONGC: Upgrade to Buy on Company, target price at Rs 310/Sh (Positive)
Jefferies on ONGC: Maintain Buy on Company, target price at Rs 375/Sh (Positive)
GS on HPCL: Upgrade to Buy on Company, target price at Rs 400/Sh (Positive)
GS on BPCL: Upgrade to Buy on Company, target price at Rs 360/Sh (Positive)
GS on IOCL: Upgrade to Neutral on Company, target price at Rs 110/Sh (Positive)
GS on Titan: Maintain Buy on Company, target price at Rs 3900/Sh (Positive)
Macquarie on Titan: Maintain Outperform on Company, target price at Rs 4150/Sh (Positive)
CLSA on IGL: Maintain Buy on Company, target price at Rs 220/Sh (Positive)
MS on Godrej Prop: Maintain Overweight on Company, target price at Rs 3400/Sh (Positive)
HSBC on Godrej Prop: Maintain Overweight on Company, target price at Rs 3700/Sh. (Positive)
MS on Torrent Power: Maintain Overweight on Company, target price at Rs 2026/Sh (Positive)
MS on Titan: Maintain Overweight on Company, target price at Rs 3876/Sh (Neutral)
MS on Syrma SGS: Maintain Underweight on Company, target price at Rs 452/Sh (Neutral)
MS on Metropolis: Maintain Equal weight on Company, target price at Rs 2047/Sh (Neutral)
MS on NivaBupa: Maintain Equal weight on Company, target price at Rs 88/Sh (Neutral)
GS on Blue Dart: Maintain Buy on Company, cut target price at Rs 7220/Sh (Neutral)
Nuvama on Tata Power: Maintain Reduce on Company, target price at Rs 343/Sh (Neutral)
CLSA on Tata Power: Maintain Underperform on Company, target price at Rs 351/Sh (Neutral)
Jefferies on GDL: Maintain Buy on Company, cut target price at Rs 100/Sh (Neutral)
Nuvama on Nestle: Maintain Buy on Company, cut target price at Rs 2845/Sh (Neutral)
MOSL on Nestle: Maintain Buy on Company, target price at Rs 2400/Sh (Neutral)
Jefferies on Godrej Prop: Maintain Buy on Company, cut target price at Rs 3525/Sh (Neutral)
Jefferies on Adani Ent: Maintain Buy on Company, cut target price at Rs 3000/Sh from Rs 3800/Sh (Neutral)
Macquarie on Asian Paints: Maintain Outperform on Company, target price at Rs 2650/Sh (Neutral)
Nuvama on Asian Paints: Maintain Buy on Company, cut target price at Rs 3000/Sh (Neutral)
MS on Asian Paints: Maintain Underweight on Company, cut target price at Rs 2358/Sh (Negative)
Jefferies on Asian Paints: Maintain Underperform on Company, target price at Rs 2000/Sh (Negative)
CLSA on Asian Paints: Maintain Underperform on Company, target price at Rs 2047/Sh (Negative)
MS on Kajaria Cer: Maintain Underweight on Company, target price at Rs 799/Sh (Negative)
N.A.
Silver prices on MCX settled at ₹95,709 per kg, gaining ₹1,452, driven by safe-haven demand and bullish global sentiment. The surge was fueled by escalating US-China trade tensions, expectations of Fed rate cuts, and a projected silver market deficit in 2025. Industrial demand and retail investment continued to support prices.
1. MCX Silver settled at ₹95,709 per kg, rising by ₹1,452 amid strong investor demand.
2. Global silver prices surged above $32 per ounce, the highest in three months.
3. US-China trade war tensions escalated as new tariffs triggered market uncertainty.
4. Silver Institute projected a fifth consecutive year of market deficit in 2025.
5. Strong industrial demand and retail investment outpaced weaker jewelry consumption.
6. Rising lease rates due to rare backwardation signaled tightening silver supply in the market.
Last date for Cum-Dividend Today
Container Corp Of India Ltd.
Dividend Per Share Rs.4.25
Previous day Closing Price – Rs. 733
India Motor Parts & Accessories Ltd
Dividend Per Share Rs.10.0
Previous day Closing Price – Rs. 1120.0
IRB Infra Ltd.
Dividend Per Share Rs.0.1
Previous day Closing Price – Rs. 54.3
Sharda Cropchem Ltd
Dividend Per Share Rs.6
Previous day Closing Price – Rs. 2833.85
Sun Pharma Ltd
Dividend Per Share Rs.10.5
Previous day Closing Price – Rs. 1765
Equities are likely to sustain gains on the back of positive global sentiment and short-covering by foreign portfolio investors, said analysts. For the first time, after 22 sessions of selling, FPIs turned buyers (provisional data) on Tuesday, signalling that their selling may see a slowdown. Gift Nifty at 23,850 signals a gain of about 75 points for Nifty.
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EBI-registered RA across equities, futures, options, and commodities, has officially launched Univest Broking, offering DEMAT account services. This move transforms Univest from an advisory-driven platform into a fully integrated trading ecosystem, allowing users not only to access SEBI-registered trade recommendations but also to execute them seamlessly—without switching between multiple apps. This launch strengthens Univest’s position as a research-driven investment platform, integrating advisory and trading into a single ecosystem.
Since its inception, Univest has focused on empowering retail investors by solving key market challenges—helping users discover high-potential trades, set auto-exit triggers, and minimize execution delays. With the launch of its brokerage service, Univest is now closing the loop, ensuring that investors can act on expert recommendations instantly, improving execution efficiency, and reducing slippage. By offering a one-stop trading experience, Univest Broking aims to enhance efficiency, reduce execution losses, and simplify wealth creation for its rapidly growing user base.
Ceigall India Limited, one of the fastest-growing EPC companies in India with expertise in specialized structural projects, including elevated roads, flyovers, bridges, railway overpasses, tunnels, highways, expressways, and runways, announced its unaudited Financial Results for the Quarter and Nine months ending December 31, 2024.
Key Highlights:
Ø Revenue from operations (excluding bonus and royalty) increased to ₹24,063 million in 9M FY25, reflecting a 16.3% year-on-year growth from ₹20,687 million in 9M FY24 on a consolidated basis.
Ø The consolidated EBITDA (excluding bonus and royalty) for 9M FY25 stood at ₹3,716 million, reflecting a 10.5% year-on-year growth from ₹3,363 million. The EBITDA margin was recorded at 15.4%.
Ø The consolidated PAT for 9M FY25 rose to ₹2,142 million, marking a 9.2% increase from ₹1,962 million in 9M FY24, with a PAT margin of 8.8%.
Ø The order book currently stands robust at ₹1,17,025 mn, reflecting a healthy book-to-bill ratio.
Ø India Ratings & Research has upgraded the company’s bank loans and assigned IND AA-/Stable (Long term) and IND A1+ (Short term).
Ø Arbitral Tribunal has declared an award in favour of the company, directing GMADA to pay an amount of ₹54.2 crores along with a future simple interest of @12% from the date of the award till realization.
Ø The company has emerged as L1 bidder for the Development of 6-lane Greenfield Southern Ludhiana Hybrid Bypass from Intersection with NH-44 near Village Annuity Rajgarh to the Intersection with Delhi Katra Expressway Mode(HAM) (NE 5) near Village Ballowal, km 00+000 to Km 25+240 as part of Ludhiana-Ajmer Economic Corridor on Hybrid Annuity Mode under NH (O) in the state of Punjab. The estimated project cost is
₹864.97 crores.
Kirloskar Ferrous Industries Limited (BSE: 500245), one of the leading castings and pig iron manufacturers and a leading player in steel and seamless tubes in India, announced today its unaudited financial results for the third quarter and nine months of financial year ending March 31, 2025.
Commenting on the Q3 FY 2025 results, R.V.Gumaste, Managing Director, KFIL, said “We had a stable third quarter at KFIL, with revenue increasing by 4% year-on-year. However, margins remained under pressure due to lower realizations on Pig Iron and Steel. In our casting and tube business, we are beginning to see early signs of recovery. During the quarter, we commissioned oxygen enrichment, enabling increased utilization of pulverized coal, which reduces coke consumption thereby enhancing productivity. This quarter also marked the commencement of mining operations with an annual permitted capacity of 1.24 Lakh MT, reinforcing our vision of an integrated business model—ranging from mines to machined castings and mines to seamless tubes. Additionally, we commissioned Phase II of the Jalna Solar Power Project, bringing our total capacity to 69 MW DC at Jalna. This milestone is a significant step in our sustainability efforts, strengthening our commitment to responsible business operations.”
Review of Standalone Q3 FY 25 Financial Performance:
Revenue from operations at INR 1,609.3 Cr for Q3 FY25 vs INR 1,544.6 Cr for Q3 FY24; 4% increase Y-o-Y
EBITDA* at INR 176.6 Cr for Q3 FY25 vs INR 216.0 Cr for Q3 FY24; 18% decrease Y-o-Y
EBITDA* margin at 11% for Q3 FY25 vs 14% for Q3 FY24
PBT# at INR 85.0 Cr for Q3 FY25 vs INR 136.5 Cr for Q3 FY24; 38% decrease Y-o-Y
PAT at INR 61.2 Cr for Q3 FY25 vs INR 94.0 Cr for Q3 FY24; 35% decrease Y-o-Y
Review of Standalone YTD FY 25 Financial Performance:
Revenue from operations at INR 4,830.1 Cr for YTD FY25 vs INR 4,601.6 Cr for YTD FY24; 5% increase Y-o-Y
EBITDA* at INR 559.4 Cr for YTD FY25 vs INR 682.5 Cr for YTD FY24; 18% decrease Y-o-Y
EBITDA* margin at 12% for YTD FY25 vs 15% for YTD FY24
PBT# at INR 304.4 Cr for YTD FY25 vs INR 447.6 Cr for YTD FY24; 32% decrease Y-o-Y
PAT at INR 221.7 Cr for YTD FY25 vs INR 277.4 Cr for YTD FY24; 20% decrease Y-o-Y
Review of Consolidated Q3 FY 25 Financial Performance:
Revenue from operations at INR 1,607.6 Cr for Q3 FY25 vs INR 1,548.2 Cr for Q3 FY24; 4% increase Y-o-Y
EBITDA* at INR 173.8 Cr for Q3 FY25 vs INR 232.1 Cr for Q3 FY24; 25% decrease Y-o-Y
EBITDA* margin at 11% for Q3 FY25 vs 15% for Q3 FY24
PBT# at INR 78.5 Cr for Q3 FY25 vs INR 147.9 Cr for Q3 FY24; 47% decrease Y-o-Y
PAT at INR 54.3 Cr for Q3 FY25 vs INR 105.3 Cr for Q3 FY24; 48% decrease Y-o-Y
Review of Consolidated YTD FY 25 Financial Performance:
Revenue from operations at INR 4,827.3 Cr for YTD FY25 vs INR 4,610.4 Cr for YTD FY24; 5% increase Y-o-Y
EBITDA* at INR 554.9 Cr for YTD FY25 vs INR 693.3 Cr for YTD FY24; 20% decrease Y-o-Y
EBITDA* margin at 11% for YTD FY25 vs 15% for YTD FY24
PBT# at INR 284.8 Cr for YTD FY25 vs INR 453.6 Cr for YTD FY24; 37% decrease Y-o-Y
PAT at INR 201.7 Cr for YTD FY25 vs INR 279.9 Cr for YTD FY24; 28% decrease Y-o-Y
JG Chemicals: Net profit at Rs. 17.0 cr vs Rs 10.0 cr, Revenue at Rs. 209 cr vs Rs 160 cr (YoY) (Positive)
JB Chemicals: Net profit at Rs. 162.5 cr vs Rs 133.6 cr, Revenue at Rs. 964 cr vs Rs 844 cr (YoY) (Positive)
GeeCee Ventures: Net profit at Rs. 19.5 cr vs Rs 9 cr, Revenue at Rs. 58 cr vs Rs 13 cr (YoY) (Positive)
Bharat Bijlee: Net profit at Rs. 29.6 cr vs Rs 18.8 cr, Revenue at Rs. 514 cr vs Rs 424 cr (YoY) (Positive)
JKumar Infra: Net profit at Rs. 100 cr vs Rs 82 cr, Revenue at Rs. 1486 cr vs Rs 1218 cr (YoY) (Positive)
VMART Retail: Net profit at Rs. 72 cr vs Rs 28 cr, Revenue at Rs. 1026 cr vs Rs 889 cr (YoY) (Positive)
India Glycol: Net profit at Rs 56.8 cr vs Rs 41.6 cr, Revenue at Rs 975.2 cr vs Rs 904.3 cr (YoY) (Positive)
Interarch Building: Net profit at Rs. 28.2 cr vs Rs 22.0 cr, Revenue at Rs. 364 cr vs Rs 316 cr (YoY) (Positive)
Tamilnadu Petro: Net profit at Rs. 11.7 cr vs Rs 4.5 cr, Revenue at Rs. 466 cr vs Rs 354 cr (YoY) (Positive)
Azad Eng: Net profit at Rs. 23.7 cr vs Rs 16.8 cr, Revenue at Rs. 120 cr vs Rs 89 cr (YoY) (Positive)
Niva Bupa Health: Net profit at Rs. 13.2 cr vs Rs 4.6 cr, Net premium written at Rs. 1150 cr vs Rs 1120 cr (YoY) (Positive)
Apollo Micro: Net profit at Rs. 18.2 cr vs Rs 9.9 cr, Revenue at Rs. 148 cr vs Rs 91 cr (YoY) (Positive)
Dhanlaxmi Bank: Net profit at Rs. 19.9 cr vs Rs 3.0 cr, NII at Rs. 128.3 cr vs Rs 114.0 cr (YoY) (Positive)
PC Jewelers: Net profit at Rs. 148.0 cr vs loss Rs 197.9 cr, Revenue at Rs. 639.5 cr vs Rs 40.1 cr (YoY) (Positive)
Whirlpool India: Net profit at Rs. 44 cr vs Rs 28 cr, Revenue at Rs. 1705 cr vs Rs 1536 cr (YoY) (Positive)
Global Health: Net profit at Rs 143 cr vs Rs 124 cr, Revenue at Rs. 943 cr vs Rs 836 cr (YoY) (Positive)
Tata Power: Net profit at Rs. 1187.5 cr vs Rs 1076 cr, Revenue at Rs. 15,391 cr vs Rs 14,651 cr (YoY) (Positive)
Alkem Laboratories: Company launches Kojiglo Serum in India for managing facial hyperpigmentation. (Positive)
Lupin: Company receives USFDA nod for generic HIC drug. (Positive)
Prism Johnson: Company Approves Sale of Part of Industrial Premises at Tile Plant to JSW Steel, Deal for Rs 1.65 Billion. (Positive)
VVIP Infratech: Company launches Real Estate Project in Greater Noida West, Estimated Revenue from Project to Be Rs 9 Billion over Next Four Years (Positive)
NCL Ind: NLCIL awarded the third commercial coal mine in Odisha. (Positive)
Amber Ent: Groundbreaking for a new IL JIN Electronics facility in Pune. (Positive)
Affle: Company Got Patent for System for Switching Between Conversational Agents. (Positive)
Delta Corp: Deltin Royale to be replaced by bigger, modern floating casino in 2025. (Positive)
Rail Vikas Nigam Limited: Company has received Letter of Acceptance from East Coast Railway for “Koraput-Singapur Road Doubling Project worth of Rs 404.4 crore. (Positive)
RCF: Company has started commercial production of Nano Urea at its Trombay Unit. (Positive)
MTNL: Asset monetization of MTNL and BSNL worth of Rs 16000 crore likely to be cleared soon: CNBC (Posiitve)
Tilaknagar: Net profit at Rs 53.9 cr vs Rs 43.8 cr, Revenue at Rs 340.0 cr vs Rs 376.0 cr (YoY) (Neutral)
Torrent Power: Net profit at Rs 489.3 cr vs Rs 374.1 cr, Revenue at Rs 6,499.4 cr vs Rs 6,366 cr (YoY) (Neutral)
Metropolis: Net profit at Rs 31.4 cr vs Rs 27.2 cr, Revenue at Rs 322.8 cr vs Rs 291 cr (YoY) (Neutral)
Titan: Net profit at Rs. 990 cr vs Rs 1040 cr, Revenue at Rs. 16,097 cr vs Rs 13,052 cr (YoY) (Neutral)
Sterling Tools: Net profit at Rs. 13.6 cr vs Rs 13.5 cr, Revenue at Rs. 260 cr vs Rs 230 cr (YoY) (Neutral)
Welspun Ent: Net profit at Rs.77.5 cr vs Rs 89.5 cr, Revenue at Rs. 866.9 cr vs Rs 706.7 cr (YoY) (Neutral)
Linc: Net profit at Rs.8.8 cr vs Rs 7.5 cr, Revenue at Rs. 118 cr vs Rs 120 cr (YoY) (Neutral)
BASF: Net profit at Rs.103.6 cr vs Rs 140.0 cr, Revenue at Rs. 3758 cr vs Rs 3326 cr (YoY) (Neutral)
Dalmia Bharat: Net profit at Rs. 31 cr vs Rs 109 cr, Revenue at Rs. 2272 cr, decline of 2.4% (YoY). (Neutral)
Torrent Power: Net profit at Rs. 489 cr vs Rs 374 cr, Revenue at Rs. 6499 cr vs Rs 6366 cr (YoY) (Neutral)
Zomato: Company gets favorable order dropping GST demand order of Rs 5.90 cr and penalty of Rs 5.90 cr for period July 2017 to March 2021 (Neutral)
HB Leasing: Company announced the resignation of its Company Secretary and Compliance Officer, Ms. Sonali Sharma (Neutral)
Minda Corporation: Company Invested Rs150 Million in Spark Minda Green Mobility Systems. (Neutral)
One 97 Communications: Company received a penalty demand order of Rs 1.19 Cr from the CGST Department. (Neutral)
Info Edge: Along with results, Board to also consider Stock Split (Neutral)
Ujjivan SFB: Bank Has Submitted the Formal Application to the Reserve Bank of India for Universal Banking License. (Neutral)
Sun Pharma: Philogen Completes Patient Enrollment of the Phase Iii Fibrosarc Trial in Soft Tissue Sarcoma. (Neutral)
Indian Energy Exchange: Company achieves 10,910 MU Traded Volume in January, Up 16% (YoY), Average Dam Price at 4.43 Rupees/Unit, Down 24% (YoY) (Neutral)
Max Fin: Axis Max Life Insurance to raise INR 1300 crore via NCDs (Neutral)
Swelect Energy: Company Approved Issuance of NCDS Worth Rs 1.39 Billion. (Neutral)
Aditya Birla Capital: Company Tax Demand Revised To Rs 1.84 Billion after Rectification Order (Neutral)
CL Educate: Net Loss at Rs 3.1 cr vs Profit of Rs 2.9 cr, Revenue at Rs. 70.5 cr vs Rs 66.4 cr (YoY) (Negative)
Maan Aluminium: Net profit at Rs. 3.1 cr vs Rs 7.4 cr, Revenue at Rs. 180 cr vs Rs 213 cr (YoY). (Negative)
Triveni Eng: Net profit at Rs. 42.6 cr vs Rs 137.4 cr, Revenue at Rs. 1600 cr vs Rs 1554 cr (YoY). (Negative)
JK Tyre: Net profit at Rs. 51.5 cr vs Rs 220.9 cr, Revenue at Rs. 3673 cr vs Rs 3687 cr (YoY). (Negative)
Gandhar Oil Refinery: Net profit at Rs. 19.3 cr vs Rs 47.3 cr, Revenue at Rs. 1000 cr vs Rs 1100 cr (YoY). (Negative)
Kirloskar Ferrous: Net profit at Rs 54.3 cr vs Rs 105.3 cr, Revenue at Rs 1,607.6 cr vs Rs 1,548.2 cr (YoY) (Negative)
TTK Healthcare: Company Have Been Issued a Stop Work Order for 90 Days by USAID, Not Able To Quantify Financial Implications on Operations of USAID Order (Negative)
Sun Pharma: Company gets tax GST penalty of Rs 160 cr (Negative)
ICICI Lombard: Company received tax demand of Rs 1191.5 crore from the Additional Commissioner of CGST & Central Excise, Palghar Commissionerate. (Negative)
Godfrey Philips: Company received tax demand of Rs 82.9 crore from the Office of the Commissioner of CGST and Central Excise, Belapur. (Negative)
JTKET: Company received tax demand of Rs 28.7 crore under Section 74 of the CGST Act, 2017. (Negative)
United Spirits: Company received additional tax demand of Rs 147.4 crore from a revised Income Tax assessment order for FY 2014-15. (Negative)
ICRA Limited: Company has received an administrative warning from SEBI on February 4, 2025 regarding non-compliance with Regulation 14 (Negative)
Hero MotoCorp: Company gets two GST penalty demand orders of ₹456 cr (Negative)
RPSG Ventures: Guiltfree Industries received a tax demand of Rs. 78.28 Cr. (Negative)
BDL YoY
* Revenue expected at Rs 883 crore versus Rs 601 crore
* EBITDA expected to be seen at Rs 234 crore versus Rs 118 crore
* EBITDA margin expected to be seen at 26.50% versus 19.74%
* Net profit expected to be seen at Rs 225 crore versus Rs 135 crore
BSE QoQ
* Revenue expected at Rs 736 crore versus Rs 746 crore
* EBITDA expected to be seen at Rs 403 crore versus Rs 456 crore
* EBITDA margin expected to be seen at 54.76% versus 61.10%
* Net profit expected to be seen at Rs 355 crore versus Rs 346 crore
BHARTIARTL YoY
* Revenue expected at Rs 44230 crore versus Rs 37899 crore
* EBITDA expected to be seen at Rs 26366 crore versus Rs 20518 crore
* EBITDA margin expected to be seen at 59.61% versus 54.14%
* Net profit expected to be seen at Rs 4840 crore versus Rs 2572 crore
BRITANNIA YoY
* Revenue expected at Rs 4505 crore versus Rs 4256 crore
* EBITDA expected to be seen at Rs 765 crore versus Rs 816 crore
* EBITDA margin expected to be seen at 16.98% versus 19.19%
* Net profit expected to be seen at Rs 511 crore versus Rs 559 crore
CHAMBLFERT YoY
* Revenue expected at Rs 4441 crore versus Rs 4348 crore
* EBITDA expected to be seen at Rs 826 crore versus Rs 628 crore
* EBITDA margin expected to be seen at 18.60% versus 14.56%
* Net profit expected to be seen at Rs 545 crore versus Rs 459 crore
COCHINSHIP YoY
* Revenue expected at Rs 1260 crore versus Rs 1056 crore
* EBITDA expected to be seen at Rs 221 crore versus Rs 310 crore
* EBITDA margin expected to be seen at 17.54% versus 29.35%
* Net profit expected to be seen at Rs 219 crore versus Rs 244 crore
HEROMOTOCO YoY
* Revenue expected at Rs 10077 crore versus Rs 9723 crore
* EBITDA expected to be seen at Rs 1425 crore versus Rs 1362 crore
* EBITDA margin expected to be seen at 14.14% versus 14.01%
* Net profit expected to be seen at Rs 1117 crore versus Rs 1073 crore
ITC YoY
* Revenue expected at Rs 19314 crore versus Rs 18019 crore
* EBITDA expected to be seen at Rs 6472 crore versus Rs 6503 crore
* EBITDA margin expected to be seen at 33.51% versus 36.09%
* Net profit expected to be seen at Rs 5193 crore versus Rs 5340 crore
MINDACORP YoY
* Revenue expected at Rs 1306 crore versus Rs 1165 crore
* EBITDA expected to be seen at Rs 192 crore versus Rs 129 crore
* EBITDA margin expected to be seen at 14.70% versus 11.14%
* Net profit expected to be seen at Rs 65 crore versus Rs 52 crore
MRF YoY
* Revenue expected at Rs 6775 crore versus Rs 6162 crore
* EBITDA expected to be seen at Rs 965 crore versus Rs 1054 crore
* EBITDA margin expected to be seen at 14.24% versus 17.12%
* Net profit expected to be seen at Rs 417 crore versus Rs 509 crore
MSUMI YoY
* Revenue expected at Rs 2379 crore versus Rs 2117 crore
* EBITDA expected to be seen at Rs 265 crore versus Rs 262 crore
* EBITDA margin expected to be seen at 11.14% versus 12.37%
* Net profit expected to be seen at Rs 163 crore versus Rs 167 crore
NMDC YoY
* Revenue expected at Rs 6478 crore versus Rs 5409 crore
* EBITDA expected to be seen at Rs 2475 crore versus Rs 2007 crore
* EBITDA margin expected to be seen at 38.21% versus 37.10%
* Net profit expected to be seen at Rs 1998 crore versus Rs 1736 crore
PIIND YoY
* Revenue expected at Rs 1885 crore versus Rs 1897 crore
* EBITDA expected to be seen at Rs 511 crore versus Rs 555 crore
* EBITDA margin expected to be seen at 27.11% versus 29.25%
* Net profit expected to be seen at Rs 392 crore versus Rs 448 crore
PVRINOX YoY
* Revenue expected at Rs 1747 crore versus Rs 1545 crore
* EBITDA expected to be seen at Rs 528 crore versus Rs 472 crore
* EBITDA margin expected to be seen at 30.22% versus 30.56%
* Net profit expected to be seen at Rs 87 crore versus Rs 12 crore
RAMCOCEM YoY
* Revenue expected at Rs 2000 crore versus Rs 2106 crore
* EBITDA expected to be seen at Rs 314 crore versus Rs 395 crore
* EBITDA margin expected to be seen at 15.70% versus 18.77%
* Net profit expected to be seen at Rs 36 crore versus Rs 93 crore
AADHARHFC, AKUMS, ANDHRAPAP, APOLLOTYRE, ATFL, AUROPHARMA, BAJEL, BDL, BEML, BSE,BHARTIARTL, BHARTIHEXA, BIKAJI, BRITANNIA, CARRARO, CHAMBLFERT, COCHINSHIP, DCXINDIA, EIEL, EMCURE, EXPLEOSOL, FINPIPE, GMMPFAUDLR, GOODLUCK, GRAUWEIL, GREENPANEL, GULFOILLUB, HEROMOTOCO, INDIASHLTR,ITC, JKLAKSHMI, KENNAMET, KICL, KIMS, KPEL, KPIGREEN, KRBL, MANGLMCEM,MINDACORP, MOREPENLAB, MRF, MSUMI, MUTHOOTMF, NCC, NMDC, NOCIL, NSLNISP, ORIENTTECH, PARACABLES, PGEL, PIIND, PRSMJOHNSN, PVRINOX, RAMCOCEM, RANEHOLDIN, RECLTD, RUPA, SAILIFE, SAPPHIRE, SBIN, SOBHA, SOMANYCERA, SONATSOFTW, SURYAROSNI, TARC, TCIEXP, TDPOWERSYS, TRENT, UNICHEMLAB, UNIPARTS, UNOMINDA, WEBELSOLAR, ZFCVINDIA
APOLLOTYRE YoY
* Revenue expected at Rs 6839 crore versus Rs 6595 crore
* EBITDA expected to be seen at Rs 965 crore versus Rs 1208 crore
* EBITDA margin expected to be seen at 14.11% versus 18.32%
* Net profit expected to be seen at Rs 393 crore versus Rs 511 crore
AUROPHARMA YoY
* Revenue expected at Rs 7815 crore versus Rs 7351 crore
* EBITDA expected to be seen at Rs 1627 crore versus Rs 1601 crore
* EBITDA margin expected to be seen at 20.82% versus 21.78%
* Net profit expected to be seen at Rs 882 crore versus Rs 936 crore
AARTIPHARM, ABBOTINDIA, AGIIL, ARTEMISMED, ARVINDFASN, AVALON, BECTORFOOD, BLACKBUCK, CCL, CMSINFO, CUMMINSIND, DATAPATTNS, DISAQ, EVEREADY, EXICOM, GALLANTT, GTLINFRA, GUJGASLTD, GVTD, HGINFRA, IKS, INNOVACAP, KANSAINER, MEDIASSIST, NAUKRI, NAVNETEDUL, NILKAMAL, PAGEIND, PICCADIL, PILANIINVS, REDINGTON, RELTD, RPOWER, SAGILITY, SEIL, SKIPPER, SOLARINDS, SULA, SWIGGY, SYMPHONY, TEGA, THANGAMAYL, TIMKEN, VAKRANGEE, VEEDOL, VRLLOG, WELCORP, ZYDUSLIFE
ABBOTINDIA YoY
* Revenue expected at Rs 1586 crore versus Rs 1437 crore
* EBITDA expected to be seen at Rs 417 crore versus Rs 387 crore
* EBITDA margin expected to be seen at 26.29% versus 26.98%
* Net profit expected to be seen at Rs 345 crore versus Rs 311 crore
CUMMINSIND YoY
* Revenue expected at Rs 2691 crore versus Rs 2541 crore
* EBITDA expected to be seen at Rs 522 crore versus Rs 542 crore
* EBITDA margin expected to be seen at 19.40% versus 21.35%
* Net profit expected to be seen at Rs 467 crore versus Rs 500 crore
DATAPATTNS YoY
* Revenue expected at Rs 173 crore versus Rs 139 crore
* EBITDA expected to be seen at Rs 72 crore versus Rs 60 crore
* EBITDA margin expected to be seen at 41.62% versus 43.04%
* Net profit expected to be seen at Rs 59 crore versus Rs 50 crore
GUJGASLTD QoQ
* Revenue expected at Rs 3919 crore versus Rs 3781 crore
* EBITDA expected to be seen at Rs 422 crore versus Rs 514 crore
* EBITDA margin expected to be seen at 10.77% versus 13.60%
* Net profit expected to be seen at Rs 237 crore versus Rs 308 crore
NAUKRI YoY
* Revenue expected at Rs 677 crore versus Rs 595 crore
* EBIT expected to be seen at Rs 277 crore versus Rs 223 crore
* EBIT margin expected to be seen at 40.92% versus 37.50%
* Net profit expected to be seen at Rs 257 crore versus Rs 213 crore
PAGEIND YoY
* Revenue expected at Rs 1365 crore versus Rs 1228 crore
* EBITDA expected to be seen at Rs 277 crore versus Rs 229 crore
* EBITDA margin expected to be seen at 20.29% versus 18.69%
* Net profit expected to be seen at Rs 187 crore versus Rs 152 crore
SOLARINDS YoY
* Revenue expected at Rs 1862 crore versus Rs 1429 crore
* EBITDA expected to be seen at Rs 476 crore versus Rs 356 crore
* EBITDA margin expected to be seen at 25.56% versus 24.93%
* Net profit expected to be seen at Rs 317 crore versus Rs 203 crore
ZYDUSLIFE YoY
* Revenue expected at Rs 5145 crore versus Rs 4505 crore
* EBITDA expected to be seen at Rs 1309 crore versus Rs 978 crore
* EBITDA margin expected to be seen at 25.44% versus 21.71%
* Net profit expected to be seen at Rs 864 crore versus Rs 789 crore
ICICI Lombard: ICICI group company received tax demand of Rs 1191.5 crore from from the Additional Commissioner of CGST & Central Excise, Palghar Commissionerate. (Sentiment negative for stock prices, however company said to appeal with Appellate Authorities/evaluate other legal options against the said Order)
(Rs. In Crs.)
Turnover: (NSE + BSE)
F&O Volume: 13630557.94 + 35208877.15 Total: 48839435.09
Provisional Cash
FII/FPI: NET BUY: +809.23
(18105.75 – 17296.52)
DII: NET SELL: -430.7
(15002.64 – 15433.34)
· Net revenue growth of 15.0% to INR 364 Cr. in Q3 FY25 as compared to INR 316 Cr. in Q3 FY24.
· EBITDA (excluding other income) was INR 35 Cr. in Q3 FY25 as against INR 28 Cr. in Q3 FY24, YoY growth of 27.6%.
· EBITDA Margin for the quarter stood at 9.7% in Q3 FY25.
· Profit After Tax for the third quarter stood at INR 28 Cr. in Q3 FY25 as against INR 22 Cr. in Q3 FY24.
· Total order book as on January 31, 2025 stands at INR 1,305 Cr.
Commenting on the company’s performance, Mr. Arvind Nanda, Managing Director, Interarch Building Products Ltd., said “We are pleased to report strong business growth in the third quarter of FY25, driven by higher volumes and improved order execution. Total revenue increased by 15.0% YoY to INR 364 Cr., leading to a 27.6% YoY rise in EBITDA and a 28.2% growth in PAT. Based on our inquiries and pipeline, we anticipate revenue growth of around 10% majorly driven by decent volume growth for the current financial year i.e FY25 and followed by 10-15% for the next fiscal year i.e FY26.
This quarter marks a significant milestone with our strategic partnership with Jindal Steel and Power to transform India’s urban infrastructure. Together, we aim to position steel as the preferred material for multi- story buildings, data centers, and heavy structures. Through this collaboration, we strive to drive innovation in the construction industry by promoting sustainable and efficient urban development practices.
* Adj EPS $1.19 (est $1.13)
* Rev $8.37B (est $8.27B)
* Sees 2024 Adj EPS $4.95 to $5.10 (est $4.89)
* Sees Q1 Adj EPS $1.15 To $1.17 (est $1.14)
(Numbers seen better than estimates)
* Adj EPS $0.63 (est $0.47)
* Rev $17.76B (est $17.26B)
* Still Sees 2025 Rev $61.0B To $64.0B (est $63.15B)
* Reaffirms All Components Of FY 25 Final Guidance
(Numbers seen better than estimates)
Estee Lauder Q2 2025 Earnings (Cosmetics)
* Adj EPS $0.62 (est $0.32)
* Net Sales $4.0B (est $3.968B)
* Sees Q3 Adj EPS $0.24 To $0.34 (est $0.63)
(Numbers seen better than estimates, however guidance for Q3 is lower)
Merck & Co Q4 2024 Earnings (Healthcare)
– Adj EPS $1.72 (est $1.63)
– Rev $15.62B (est $15.45B)
– Sees 2025 sales $64.1B To $65.6B (est $67.37B)
– Halts Shipments Of HPV vaccine Gardasil To China
(Numbers seen inline, however guidance seen lower than estimates)
Centene Q4 2024 Earnings (Healthcare)
– Adj EPS 80C (est 49C)
– Rev. $40.81B (est $39.35B)
– Sees 2025 Adj EPS Above $7.25 (est $7.22)
(Numbers seen better than estimates)
PepsiCo Q4 2024 Earnings (Consumer):
– Adj EPS $1.96 (est $1.94)
– Rev $27.78B (est $28.05B)
– Organic Rev. +2.1% (est +2.27%)
(Numbers seen inline mixed for outlook)
18.45 U.S. ADP Non-Farm Employment Change (Expected: 149K versus Previous: 122K)
19.00 U.S. Trade Balance (Expected: -97.1B versus Previous: -78.2B)
19.30 U.S. FOMC Member Barkin Speaks
20.30 U.S. ISM Service PMI (Expected: 54.2 versus Previous: 54.1)
23.30 U.S. FOMC Member Goolsbee Speaks
Novo Nordisk A/S (Pre market) (Sector- Healthcare)
Walt Disney Company (Pre market) (Sector- Media)
Boston Scientific Corporation (Pre market) (Sector- Healthcare)
Uber Technologies, Inc. (Pre market) (Sector- Technology)
Fiserv, Inc. (Pre market) (Sector- Financial)
Banco Santander, S.A. (Pre market) (Sector- Financial)
Emerson Electric Company (Pre market) (Sector- Capital Goods)
GSK plc (Pre market) (Sector- Healthcare)
Equinor ASA (Pre market) (Sector- Energy)
Johnson Controls International plc (Pre market) (Sector- Capital Goods)
Cencora, Inc. (Pre market) (Sector- Healthcare)
Old Dominion Freight Line, Inc. (Pre market) (Sector- Logistics)
Banco Santander Brasil SA (Pre market) (Sector- Financial)
T. Rowe Price Group, Inc. (Pre market) (Sector- Financial)
Nomura Holdings Inc ADR (Pre market) (Sector- Financial)
Ares Capital Corporation (Pre market) (Sector- Financial)
Performance Food Group Company (Pre market) (Sector- FMCG)
Stanley Black & Decker, Inc. (Pre market) (Sector- Capital Goods)
Bio-Techne Corp (Pre market) (Sector- Healthcare)
Dayforce, Inc (Pre market) (Sector- Technology)
Evercore Inc. (Pre market) (Sector- Financial)
Bunge Global SA (Pre market) (Sector- FMCG)
Qualcomm Incorporated (Post market) (Sector- Technology)
Arm Holdings plc (Post market) (Sector- Technology)
McKesson Corporation (Post market) (Sector- Healthcare)
O’Reilly Automotive, Inc. (Post market) (Sector- Retailers)
MicroStrategy Incorporated (Post market) (Sector- Technology)
MetLife, Inc. (Post market) (Sector- Financial)
Suncor Energy Inc. (Post market) (Sector- Energy)
Corteva, Inc. (Post market) (Sector- Chemicals)
Cognizant Technology (Post market) (Sector- Technology)
Ford Motor Company (Post market) (Sector- Automobile)
AvalonBay Communities, Inc. (Post market) (Sector- Real Estate)
PTC Inc. (Post market) (Sector- Technology)
STERIS plc (Post market) (Sector- Healthcare)
News Corporation (Post market) (Sector- Media)
Molina Healthcare Inc (Post market) (Sector- Healthcare)
Mid-America Apartment Communities, Inc. (Post market) (Sector- Real Estate)
Symbotic Inc. (Post market) (Sector- Capital Goods)
Equitable Holdings, Inc. (Post market) (Sector- Financial)
Align Technology, Inc. (Post market) (Sector- Technology)
Hologic, Inc. (Post market) (Sector- Healthcare)
Skyworks Solutions, Inc. (Post market) (Sector- Technology)
Coherent Corp. (Post market) (Sector- Technology)
Crown Holdings, Inc. (Post market) (Sector- Packaging)
Globe Life Inc. (Post market) (Sector- Financial)
Alibaba Group Holding Limited (TENT) (Sector- Technology)
Total Energies SE (TENT) (Sector- Energy)
Crown Castle Inc (TENT) (Sector- Real Estate)
Orix Corp Ads (TENT) (Sector- Financial)
ADJUSTED OPERATING INCOME PRE-TAX: $1.37B (EST $1.52B) ADJUSTED EPS: $2.96 (EST $3.25) NET LOSS: $57M LOSS PER SHARE: $0.17 ASSETS UNDER MANAGEMENT (AUM): $1.51T
(NUMBERS TRAILED WITH ESTIMATES)
ADJUSTED EPS: $0.16 (ESTIMATE: $0.14) REVENUE: $1.56B (ESTIMATE: $1.55B) DAILY ACTIVE USERS (DAU): 453M (ESTIMATE: 450.8M)
(NUMBERS SEEN BETTER THAN ESTIMATES)
* EPS: $2.15 (est $2.13)
* Revenue: $96.47B (est $96.62B)
* Ex-TAC Revenue: $81.62B (est $82.82B)
* Google Cloud Revenue: $11.96B (est $12.19B)
* YouTube Ads Revenue: $10.47B (est $10.22B)
* Plans to invest approximately $75B in CAPEX in 2025.
(NUMBERS SEEN IN LINE WITH THE ESTIMATES, CLOUD REVENUE SEEN LOWER THAN ESTIMATES)
Bajaj Allianz Life Insurance, one of India’s leading private life insurers, today announced the launch of its new index-based fund, the Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund, which will be available along with its ULIP products.
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Gold surged to a record high, climbing nearly 1% in the previous session, as the onset of the US-China trade war fueled safe-haven demand. Bullion hit an all-time peak of $2,848.27 per ounce on Wednesday.
Aluminium price has been volatile in the past week. The aluminium futures contract on the Multi Commodity Exchange (MCX) has been oscillating between ₹246 per kg and ₹254 per kg. Within this, it is currently trading near the upper end of the range at ₹253.
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Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI
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The stock of Manappuram Finance has been in an uptrend since October last year. It started to appreciate after finding support at ₹140. But in January, the stock lost some momentum. Although the trend did not turn bearish, it struggled to move up, as ₹200 resisted the bulls.
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Sensex, Nifty | Stock Market Live Updates 05 February 2025: Markets cautious ahead of RBI meet; Sensex drops 210 points, Nifty flat – BusinessLine
