Zomato's Quarterly Results, Airtel's partnership with Google & more

                

Market ka Capsule

Zomato's Quarterly Results, Airtel's partnership with Google & more

Monday, 13-May-2024

Sensex 72,776.13 ▲ 0.15%  Nifty 22,104.05 ▲ 0.22%

Pointers:

• Nifty 50 crossed that point around 1:50 PM and closed up.
• Nifty 50 opened lower than Friday's closing point and fell throughout the day.
• The Pharma and healthcare rose the most. Auto stocks fell the most.
• The US markets were up, European markets were down, and Asian Markets closed in a mix of green and red.

    

TOP GAINERS:     (Nifty 50)

Cipla                       Rs. 1,414.65 ▲ 5.61%

Asian Paints           Rs. 2,879.25 ▲ 3.90%

Adani Ports            Rs. 1,306.40 ▲ 3.13%

Divi's                      Rs. 3,911.50 ▲ 3.11%

Adani Enterprises  Rs. 2,879.60 ▲ 2.94%

TOP LOSERS:        (Nifty 50)

Tata Motors            Rs. 959.75 ⏷ 8.30%

BPCL                      Rs. 606.90 ⏷ 1.90%

Shriram Finance     Rs. 2,301.80 ⏷ 1.82%

NTPC                     Rs. 350.90 ⏷ 1.29%

ONGC                    Rs. 266.90  ⏷ 1.24%

News:

• India signed a 10-year deal with Iran for operation of Iran's Chabahar Port.
• India's imports from FTA (Free Trade Agreement) countries rose by 38% to $187.92 billion during 2019-2024: Global Trade Research Initiative data.
• Retail inflation in India fell marginally to 48.3% and food inflation rose to 8.70% in April: MoSPI

Stock Updates:

• UPL: reported a net profit increase of 95% to Rs. 40 crores for the Jan-Mar quarter. Declared a dividend of Re. 1 per share.
• Hero Moto: became the first automobile company to join the ONDC network.
• Zomato: reported a net profit increase to Rs. 175 crores (from a loss of Rs. 188 crore in the previous year) for the Jan-Mar quarter. Gross order value rose to Rs. 4,027 crore from Rs. 2,046 crore in the same period last year.
• Tube Investments: reported a net profit increase of 49.82% to Rs. 189.53 crores for the Jan-Mar quarter. Declared a dividend of Rs. 1.50 per share.
• Varun Beverages: reported a net profit increase of 25% to Rs. 548 crores for the Jan-Mar quarter. Total sales grew by 7.2% year-to-year in the Jan-March quarter.
• Bank of India: recorded a rise in the net profit by 7% year-on-year to Rs. 1,439 crores in the Jan-Mar Quarter. Net Interest income (NII) rose to Rs. 5,937 crore (from Rs. 5,523 crore a year ago).
• Airtel: partnered with Google Cloud to provide cloud solutions to its customers.
• Biocon: signed a deal with a Mexican pharma company, Medix to commercialize its chronic weight management drug.
• KPI Green Energy: the board approved raising Rs. 1,000 crore through QIP (Qualitative Institutional Placement).

IPOs News:

• Aadhar Housing Finance IPO and TBO Tek IPO allotment status live.
• Indegene IPO listed at a 40% premium.
• Go Digit Insurance IPO will open on 15 May.

1-Day Change

Gold             72,080.00 ▲ 1.13%

Silver             85,046.00 ▲ 1.60%

Dow Jones    39,512.84 ▲ 2.16%

Nasdaq         16,340.87  ▲ 1.14%

Long-Term Returns

Last 20 Years

Sensex               ▲ 13.89% p.a.

Nifty                  ▲ 13.63% p.a.

Dow Jones           ▲ 7.12% p.a.

Nasdaq               ▲ 11.37%  p.a.