On Monday, 1985 stocks advanced, 2009 declined and 185 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.98 indicating a negative closing in the broader market. However, both domestic and foreign institutional investors recorded net positive inflows on Friday, indicating bullish undertone. Defence stocks were in demand and Reliance Industries was a major gainer, among the heavyweights. The trend of the major indices on Monday’s trading is given in the table below.
On NSE, 24 securities advanced and closed at a new 52-week high whereas 28 securities sank to close at their new 52-week lows. In sectoral indices, Nifty PSU Bank, Nifty Infrastructure, and Nifty Pharma were among the biggest gainers. Nifty IT was the only the loser.
Heranba Organics, a wholly-owned subsidiary of Heranba Industries (-2.00%), started commercial production at its Saykha Unit, Phase-I. The company anticipates this new unit will generate an annual revenue of Rs280 crore to Rs300 crore and has a production capacity of around 6000 metric tonnes per annum.
Marksans Pharma (+0.67%) informed the stock exchanges that its wholly-owned subsidiary, Time-Cap Laboratories, Inc., located in Farmingdale, New York, USA, underwent a Good Manufacturing Practices (cGMP) inspection by the US Food and Drug Administration (USFDA). Upon conclusion of the inspection, the subsidiary received one inspectional observation, which is documented in Form 483. Marksans Pharma stated that there was no data integrity observation. The company has committed to working closely with the USFDA and will comprehensively address the observation within the stipulated timeframe.
Mahindra & Mahindra (M&M) (+2.32%), approved acquisitions of equity shares in SML Isuzu. M&M will acquire 62,606 equity shares constituting 43.96% of the equity share capital of SML Isuzu from Sumitomo Corporation ("Sumitomo Corp."). The cash consideration for this acquisition is Rs413 crore, at a price of Rs660 per equity share. M&M will to acquire up to 21,707,747 equity shares constituting 15.00% of the equity share capital of SML Isuzu from the eligible public shareholders of SML Isuzu for cash consideration at a price of Rs660 per equity share, aggregating to a total consideration of Rs143 crore. M&M will make an open offer to subscribe to up to 37,628,638 equity shares constituting 26.06% of the equity share capital of SML Isuzu for cash consideration at a price of Rs1,554.60 per equity share from eligible share holders - subject to receipt of applicable statutory and regulatory approvals.
KPIT Technologies (+0.84%) announced the merger of its wholly-owned Indian subsidiary, PathPartner Technology Private Limited, into the parent company. This strategic move aims to consolidate operations, enhance synergies, and create a stronger, more efficient entity. Separately, KPIT will voluntarily liquidate its wholly-owned US subsidiary, PathPartner Technology Inc. This decision follows the integration of the US entity's operations into KPIT USA and is intended to further streamline the group's structure without impacting its financial performance. B
In Q4FY24-25, KPIT Technologies' sales increased by 15.93% y-o-y to reach Rs1,528 crore, while operating profit increased by 18.75% y-o-y to reach Rs323 crore and Net profit increased shot up by 47.59% y-o-y to reach Rs245 crore.
In Q4FY24-25, Manorama Industries (+6.88%) sales increased significantly by 80.62% y-o-y to reach Rs233 crore, while operating profit surged by 207.69% y-o-y to reach Rs63.9 crore and Net profit increased remarkably by 238.40% y-o-y to reach Rs42.3 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:
