Shriram Finance sold, Airtel's Q4 results-dividend, RVNL & more

                

Market ka Capsule

Shriram Finance sold, Airtel's Q4 results-dividend, & more

Tuesday, 14-May-2024

Sensex 73,104.61 ▲ 0.45%  Nifty 22,217.85 ▲ 0.51%

Pointers:

• Nifty 50 opened higher than yesterday's closing point.
• Nifty 50 remained above that point through the day.
• The Metal stocks rose the most. FMCG stocks fell the most.
• The US markets were flat, European markets, and Asian Markets closed in a flat too.

    

TOP GAINERS:     (Nifty 50)

Adani Enterprises  Rs. 3,037.55 ▲ 5.49%

M&M                      Rs. 2,269.90 ▲ 3.92%

Here Moto Corp     Rs. 5,043.45 ▲ 3.23%

L&T                         Rs. 3,379.45 ▲ 2.60%

JSW Steel              Rs. 881.50 ▲ 2.43%

TOP LOSERS:        (Nifty 50)

Cipla                       Rs. 1,357.35 ⏷ 4.05%

TCS                        Rs. 3,901.20 ⏷ 1.18%

Nestle                     Rs. 2,487.35 ⏷ 1.15%

Tata Consumer       Rs. 1,085.45 ⏷ 1.05%

Axis Bank                Rs. 1,122.85  ⏷ 0.81%

News:

• India's wholesale inflation (WPI) stood at 1.26% in April (highest in 13 months): Ministry of Commerce & industry data.
• Domestic passenger vehicle sales rose by 1.3% year-on-year to 3.36 lakh units in April: SIAM.

Stock Updates:

• Airtel: reported a net profit fell 31.10% to Rs. 2,072 crores for the Jan-Mar quarter. Declared a dividend of Re. 8 per share. ARPU increased to Rs. 209 (from Rs 193 in the previous year).
• Shriram Finance: the board approved the sale of its 100% stake in Shriram Housing Finance Ltd to Warburg Pincus for Rs. 4,630 crore.
• Bharti Hexacom: reported a net profit increase by 10.20% year-on-year to Rs. 223 crores for the Jan-Mar quarter. Declared a dividend of Re. 4 per share. ARPU increased to Rs. 204 (from Rs 189 in the previous year).
• Siemens India: reported a net profit increase of 70% to Rs. 803 crores for the Jan-Mar quarter. It will invest Rs. 519 crore to increase capacity of its switchgear factory in Goa and Metro train factory in Aurangabad.
• BSAF: reported a net profit increase of 96% to Rs. 161.51 crores for the Jan-Mar quarter. Declared dividend of Rs. 15 per share.
• Apar Industries: recorded a fall in the net profit by 3% year-on-year to Rs. 236 crores in the Jan-Mar Quarter. Dividend of Rs. 51 per share. It showed a 14% volume growth in volume in the conductor segment.
• RVNL: got a Rs 239 crores order from Southern Railways for Automotic block signalling system in Salem Divison.
• HDFC Bank: launched its first digital credit card series 'PIXEL'. It will come 2 variants, Pixel Play and Pixel Go, as per customer requirements.
• Cochin Shipyard: got a large order from a European firm for the supply of vessels.

IPOs News:

• Aadhar Housing Finance IPO and TBO Tek IPO to list tomorrow.
• Go Digit Insurance IPO will open on 15 May.

1-Day Change

Gold             71,978.00 ⏷ 0.14%

Silver             84,910.00 ⏷ 0.16%

Dow Jones    39,431.51 ⏷ 0.21%

Nasdaq         16,388.24 ▲ 0.29%

Long-Term Returns

Last 20 Years

Sensex               ▲ 14.27% p.a.

Nifty                  ▲ 14.12% p.a.

Dow Jones           ▲ 7.09% p.a.

Nasdaq               ▲ 11.37%  p.a.