India's market at a record high, ITC dividend, and Rs.120 dividend per share

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India's market at a record high, ITC dividend, and Rs.120 dividend per share & more

Thursday, 23-May-2024

Sensex 75,418.04 ▲ 1.61%  Nifty 22,967.65 ▲ 1.64%
This is a summary of news that happened relating to finance on 26-04-24


Pointers:

  • Markets saw strong buying today.
  • Although the markets opened near yesterday's closing point but rose swiftly throughout the day.
  • Today's record highest point was at 3:18 PM.
  • Auto stocks rose the most. Healthcare stocks fell the most.
  • The US markets and Asian Markets closed in red, and European markets were in the green.
    
TOP GAINERS:     (Nifty 50)

Adani Enterprises   Rs. 3,336.90 ▲ 6.24%

Adani Ports             Rs. 1,427.25 ▲ 3.56%

Maruti Suzuki         Rs. 12,927.40▲ 3.16%

L&T                        Rs. 3,567.80 ▲ 3.09%

Axis Bank               Rs. 1,160.75 ▲ 3.09%


TOP LOSERS:        (Nifty 50)

Power Grid Corp    Rs. 315.65 ⏷ 3.10%

Sun Pharma           Rs. 1,492.40 ⏷ 3.05%

Hindalco                 Rs. 667.70 ⏷ 2.46%

Coal India               Rs. 495.10⏷ 1.32%

NTPC                     Rs. 370.10 ⏷ 1.00%



News:

  • RBI added 24 tonnes of gold in its foreign exchange reserves from Jan to April this year. RBI added 16 tonnes of gold in 2023: RBI Data.
  • India's manufacturing output growth (PMI) slowed to 58.4 in May (from 58.8 in April). Services PMI rose to 61.4 in May (from 60.8 in April): HSBC India Flash PMI Data.
Stock Updates:
  • Page Industries: reported a net profit increase of 38% to Rs. 108.20 crores for the Jan-Mar quarter. Declared a dividend of Rs. 120 per share. Record date: 31 May.
  • L&T Tech: has started an aircraft simulation centre for Airbus in Bengaluru.
  • ITC: reported a net profit decrease of 1% to Rs. 5,190.71 crores for the Jan-Mar quarter. Declared a dividend of Rs. 7.50 per share Record Date: 4 June.
  • Grasim Industries: reported a net profit increase of 15.54% to Rs. 2,721.81 crores for the Jan-Mar quarter. Its earnings from building materials rose 24% year-on-year in the Jan-March quarter.
  • Honasa Consumer: recorded a net profit of Rs. 30.40 crores in the Jan-Mar Quarter vs. a loss in the previous year.
  • KPI Green: announced a 1:2 stock split of its shares with a current face value of Rs. 10 per share.
  • InterGlobe (IndiGo): recorded an increase in the net profit by 106% year-on-year to Rs. 1,894.81 crores in the Jan-Mar Quarter. Revenue from tickets sales rose 25% year-on-year in the Jan-March quarter.
  • Delhivery: partnered with Sugar Cosmetics for pan India delivery for its B2B business.
  • Uno Minda: reported a net profit increase of 58% to Rs. 289 crores for the Jan-Mar quarter. Declared a dividend of Rs. 1.35 per share Record Date: 7 June.
  • Adani Energy: acquired Essar Transco Ltd. for Rs. 19,000 crores, Acquisition adds 673 km of 400kV inter-state transmission line to the company.




1-Day Change

Gold             72,390.00 ⏷ 1.95%
Silver             91,602.00 ⏷ 2.59%
Dow Jones    39,671.04 ⏷ 0.51%
Nasdaq         16,801.54 ⏷ 0.18%

Long-Term Returns

Last 20 Years

Sensex               ▲ 14.58% p.a.
Nifty                  ▲ 14.39% p.a.
Dow Jones           ▲ 7.15% p.a.
Nasdaq               ▲ 11.48%  p.a. 

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