Benchmark indices were trading flat in noon trade. While BSE Sensex was down 13 points or 0.02% at 62,832, broader NSE Nifty 50 was trading 4 points higher at 18,603. Bank Nifty index was trading red, down 40 points at 44,270
“The formation of a bearish abandoned baby candle after the near fulfilment of the 18,660 objective, warns of a correction. We are however interested in the prospects of bulls regrouping once in the 18,530 vicinity. Should it hold, we may quickly get back to the 18,750-18,887-19,070 trajectory. Else, brace for extended consolidation with 18,430 as support,” said Anand James, Chief Market Strategist at Geojit Financial Services
Sobha Ltd share price surged over 9% in early morning deals on Tuesday after the real estate developer reported strong earnings for the quarter ended March 2023. The stock price jumped as much as 10% to hit an intraday high of Rs 558 on NSE. The scrip was last trading at around Rs 523
Inox Wind share price jumped over 8% in intraday trade today after the company bagged a repeat order of 150 MW from NTPC Renewable Energy Ltd. Inox Wind shares hit an intraday high of Rs 146.80 on NSE, up nearly 9% from the previous close of Rs 134. The stock was last trading at around Rs 142
Shares of Hikal surged over 12% in early deals on NSE today, a day after the company released its March quarter results which showed healthy YoY growth in profit, thanks to softening of raw material prices and operational improvement initiatives. Hikal share price hit an intraday high of Rs 319 on NSE, up 12.7% from the previous close. The stock was last trading 10% up
Monte Carlo Fashions share price soared over 12% today on the back of strong Q4 financial results. In Q4FY23, the company reported a net profit of Rs 19.8 crore, jumping 56% YoY. Topline stood at Rs 236.7 crore, indicating a 45.7% YoY growth. On the operating front, the company's EBITDA came in at Rs 32.3 crore, up 43.1% YoY
Shares of Rail Vikas Nigam (RVNL) fell 4.6% to Rs 116 in Tuesday's intraday trade after the firm reported a consolidated net profit of Rs 359.3 crore, down 5% YoY. Its revenue from operations in the January-March quarter came in at Rs 5,719.8 crore, registering a decline of 11% YoY
Shares of NHPC rose around 2% today as the company posted 39.40% growth in consolidated net profit at Rs 719.18 crore for March quarter 2022-23, helped by higher income. Its total income also rose to Rs 2,228.68 crore from Rs 2,026.62 crore in the year-ago quarter
Shares of Stovekraft plunged 11% following disappointing numbers for the March quarter. The company reported a net loss of Rs 6 crore compared to a profit of Rs 8.6 crore in the same period last year. However, the revenue saw a modest increase of 6.4 percent at Rs 278 crore compared to Rs 261.3 crore in the previous year
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