On Tuesday, 2295 stocks advanced, 1607 declined and 121 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 1.42, indicating positive closing of stocks in broader markets. The trend of the major indices on Tuesday’s trading is given in the table below.
On NSE, 181 securities advanced and closed at a new 52-week high whereas 8 securities sank to close at their new 52-week lows. In sectoral indices, Nifty Energy, Nifty Media and Nifty Auto were among the biggest gainers. Nifty FMCG, Nifty Pharma and Nifty IT were among the biggest losers.
Indian Oil Corporation (IOC) (+1.42%) received a stage-1 approval for construction of Greenfield Terminal at Bihta, Patna, Bihar on Barauni-Kanpur product Pipeline (BKPL) and Patna-Motihari-Baitalpur Pipeline (PMBPL) at an estimated cost of Rs1,698.67 crore as combined re-sitement of existing Marketing Terminal and Pipeline pump station in Patna and for undertaking pre project activities related thereto.
Bharti Airtel (Airtel) (-0.74%) increased its Wi-Fi service to an additional 1.1 million new households in Punjab and to an additional 1.5 million new households in Karnataka. With Airtel Wi-Fi, a customer not only gets high-speed reliable wireless internet service but a whole host of other benefits including access to unlimited streaming, 20+ OTT services and over 350+ TV channels.
Tata Consultancy Services (TCS) (-0.36%) signed a three-year contract to strengthen information technology infrastructure and cybersecurity services for Follett Higher Education, North America’s leading college store operator. By deploying trademark platforms and solutions, such as TCS Cognix and Cloud Exponence, TCS will create an enhanced IT infrastructure that better supports Follett’s innovative academic and retail experiences for colleges and universities across the US and Canada.
One97 Communications (Paytm) (+0.58%) launched India’s first 'Paytm NFC Card Soundbox.' This next-generation payment device combines NFC technology with mobile QR payments, offering an affordable device for card payments to millions of offline merchants. Paytm's new NFC Card Soundbox marks the next chapter in mobile payments with NFC card payment technology. It democratises access to secure NFC card-reading technology for small shops, empowering them with affordable devices for comprehensive payment acceptance, including credit or debit cards and UPI. Customers can simply tap a card or scan a QR code to make payments.
NBCC’s (India) (-1.61%) subsidiary-- Hindustan Steelworks Construction (HSCL) has received work order from Government of Maharashtra for two projects worth Rs443.61 crore.
Jindal Saw (+5.63%) reported 70.47% rise in its net profit at Rs416.43 crore for the quarter ended June 30, 2024 as compared to Rs244.29 crore for the same quarter in the previous year. Total income of the company increased by 12.08% at Rs4,984.81 crore for Q1FY25 as compared to Rs4,447.36 crore for the corresponding quarter previous year.
ITD Cementation India (+2.85%) secured a contract for constructing Residential colony in New Delhi (Phase II) worth approximately Rs1,237 crore including taxes and duties.
U.S. Food and Drug Administration (USFDA) issued Establishment Inspection Report (EIR) to Aarti Drugs’ subsidiary -- Pinnacle Life Science’s manufacturing facility located at Baddi, Himachal Pradesh.
Rail Vikas Nigam (+1.34%) emerged as the Lowest Bidder (L1) for ‘Development of Distribution Infrastructure at Central Zone of Himachal Pradesh under the Revamped Reforms-based and Results-linked, Distribution Sector Scheme (Loss Reduction Works) Tender No. (CE(MM)/RDSS-(P-1.1)/Central Zone) declared by HPSEBL’. The cost of work is Rs739.07 crore.
CESC (+3.49%) has acquired 63.91% equity shares of Purvah Green Power (Purvah), a wholly owned subsidiary of Crescent Power (subsidiary of the Company), thus making Purvah a direct subsidiary of CESC. Cost of acquisition Rs205 crore. Objects of acquisition is to expand renewable energy business.
SIS’ (+1.82%) subsidiary -- SIS Australia Group has acquired the remaining 15% shareholding in Safety Direct Solutions (SDS). Upon completion of this acquisition, the holding of SIS Australia Group in SDS has increased from 85% to 100%.
Earnings
Ajanta Pharma (+4.63%): Net Sales was Rs1,145 crore in Q1FY25 up 12% YoY (Rs1,021 crore). Net Profit was Rs246 crore in Q1FY25 up 18% YoY (Rs208 crore)
Balu Forge (+4.74%): Net Sales was Rs123 crore in Q1FY25 up 77% YoY (Rs69.6 crore). Net Profit was Rs24.1 crore in Q1FY25 up 133% YoY (Rs10.3 crore).
Force Motors (+8.25%): Net Sales was Rs1,885 crore in Q1FY25 up 27% YoY (Rs1,487 crore). Net Profit was Rs120 crore in Q1FY25 up 66% YoY (Rs72 crore).
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
