IIFL Rights Issue, Go Digit IPO, India's trade deficit, & more

                

Market ka Capsule

IIFL Rights Issue, Go Digit IPO, India's Trade Deficit, & more

Wednesday, 15-May-2024

Sensex 72,987.03 ⏷ 0.16%  Nifty 22,200.55 ⏷ 0.08%

Pointers:

• Nifty 50 opened higher than yesterday's closing point.
• Nifty 50 fell below yesterday's closing point at around 10:05 AM.
• The PSU stocks rose the most. FMCG stocks fell the most.
• The US markets were green, European markets, and Asian Markets closed in green and the rest were in a mix.

    

TOP GAINERS:     (Nifty 50)

Coal India               Rs. 467.85 ▲ 4.27%

Cipla                       Rs. 1,406.70 ▲ 3.64%

BPCL                      Rs. 625.05 ▲ 3.15%

Airtel                       Rs. 1,309.90 ▲ 2.60%

Power Grid Corp    Rs. 314.85 ▲ 1.81%

TOP LOSERS:        (Nifty 50)

Asian Paints           Rs. 2,813.70 ⏷ 1.83%

Tata Motors            Rs. 947.30 ⏷ 1.80%

Bajaj Auto              Rs. 8,903.15 ⏷ 1.79%

Eicher Motors        Rs. 4,649.35 ⏷ 1.72%

HDFC Bank           Rs. 1,438.50  ⏷ 1.54%

News:

• India's trade deficit rose to $19.10 billion in April ($14.44 billion in the previous year). Imports rose by 1.10% year-on-year in April: Ministry of Commerce.
• The share of coal dropped below 50% (first time since 1966) in the country's total power generation capacity in the Jan-March: IEEFA report.

Stock Updates:

• Dixon Tech: reported a net profit increase of 20.60% to Rs. 97.30 crores for the Jan-Mar quarter. Declared a dividend of Rs. 5 per share.
• IIFL Finance: raised Rs 1,271 crore through a rights issue.
• Power Finance: reported a net profit increase of 18.40% to Rs. 4,135 crores for the Jan-Mar quarter. Declared a dividend of Rs. 2.50 per share. Net NPA (non-performing assets) fell to 0.85% from 0.90% in the previous quarter.
• Berger Paints: reported a net profit increase of 19.50% to Rs. 222.60 crores for the Jan-Mar quarter. Declared dividend of Rs. 3.50 per share.
• Jindal Stainless: recorded a fall in the net profit by 30% year-on-year to Rs. 501 crores in the Jan-Mar Quarter. Dividend of Rs. 2 per share.
• Cipla: promoters sold 2.04 crore shares (2.53% stake) in a block deal.
• Colgate-Palmolive: recorded a fall in the net profit by 20% year-on-year to Rs. 379.80 crores in the Jan-Mar Quarter. Dividend of Rs. 10 per share.
• Oberoi Realty: recorded an increase in the net profit by 64.10% year-on-year to Rs. 788 crores in the Jan-Mar Quarter. Dividend of Rs. 2 per share.
• Honeywell Automation: recorded an increase in the net profit by 32.30% year-on-year to Rs. 148.20 crores in the Jan-Mar Quarter. Dividend of Rs. 100 per share.

IPOs News:

• Aadhar Housing Finance is listed at a 4.59% premium and TBO Tek is listed at a 52.05% premium.
• Go Digit Insurance IPO opened today, with 1.44 subscribed in the retail portion.

1-Day Change

Gold             72,759.00 ▲ 1.09%

Silver             85,885.00 ▲ 1.15%

Dow Jones    39,558.11 ▲ 0.32%

Nasdaq         16,511.18 ▲ 0.75%

Long-Term Returns

Last 20 Years

Sensex               ▲ 14.26% p.a.

Nifty                  ▲ 14.12% p.a.

Dow Jones           ▲ 7.11% p.a.

Nasdaq               ▲ 11.40%  p.a.