Made in India Range Rover, Forex reserves at an all-time high

                

Market ka Capsule

Made in India Range Rover, Forex reserves at an all-time high, & more

Friday, 24-May-2024

Sensex 75,410.39 ⏷ 0.01%  Nifty 22,957.10 ⏷ 0.05%

Pointers:

• Nifty 50 opened lower than yesterday's closing point.
• Nifty 50 saw heavy buying early morning but fell after that. Today's peak was at 2:20 PM.
• The Media stocks rose the most. FMCG stocks fell the most.
• Most other markets were in red.

    

TOP GAINERS:     (Nifty 50)

HDFC Bank            Rs. 1,517.20 ▲ 1.65%

L&T                        Rs. 3,625.10 ▲ 1.11%

Airtel                      Rs. 1,388.50 ▲ 1.05%

BPCL                     Rs. 654.10 ▲ 1.03%

Axis Bank              Rs. 1,174.00 ▲ 0.75%

TOP LOSERS:        (Nifty 50)

Adani Ports             Rs. 1,416.10 ⏷ 1.89%

Tata Consumer       Rs. 1,098.70 ⏷ 1.72%

Tech Mahindra        Rs. 1,321.75 ⏷ 1.18%

ITC                         Rs. 436.20⏷ 1.17%

TCS                       Rs. 3,847.80 ⏷ 1.17%

News:

• India's Forex reserves rose by $4.54 billion in the previous week to an all-time high of $648.70 billion as of 17 May: RBI.
• India's coffee exports rose 12.22% year-on-year to $1.28 billion in 2023-24. India is the 3rd largest coffee exporter among Asian countries: Commerce Ministry.

Stock Updates:

• Ashok Leyland: reported a net profit increase of 16.73% to Rs. 933.69 crores for the Jan-Mar quarter.
• TVS Motors: Jaguar Land Rover will soon assemble its Range Rover models in Pune (first time in India). Currently, Range Rover models are only assembled in the UK.
• Hindalco: reported a net profit increase of 31.64% to Rs. 3,174 crores for the Jan-Mar quarter. Dividend: Rs. 3.50 per share.
• Mannapuram Finance: reported a net profit increase of 35.68% to Rs. 563.49 crores for the Jan-Mar quarter. Dividend: Rs. 1 per share. Net interest income rose 32% year-on-year to Rs. 1,494 crores in this quarter.
• Bayer CropScience: recorded a fall in the net profit by 39.43% year-on-year to Rs. 96 crores in the Jan-Mar Quarter. Dividend of Rs. 35 per share.
• Brigade Enterprises: got a Rs. 720 crore residential project order in Bengaluru.
• Bosch: recorded an increase in the net profit by 41.49% year-on-year to Rs. 564.40 crores in the Jan-Mar Quarter. Dividend of Rs. 170 per share.
• Adani Ports: will replace Wipro on the Sensex 30 list from 24 June. It is the first Adani Group company to be a part of Sensex 30.
• Cochin Shipyard: recorded an increase in the net profit by 558.22% year-on-year to Rs. 258.88 crores in the Jan-Mar Quarter. Dividend of Rs. 2.25 per share.
• Torrent Pharma: recorded an increase in the net profit by 56.44% year-on-year to Rs. 449 crores in the Jan-Mar Quarter. Dividend of Rs. 6 per share.

IPOs News:

• Awfis IPO has been subscribed 11.41 times. Retail subscription: 21.11 times. Open till 27 May.

1-Day Change

Gold             71,498.00 ⏷ 1.23%

Silver             90,970.00 ⏷ 0.69%

Dow Jones    39,065.26 ⏷ 1.53%

Nasdaq         16,736.03  ⏷ 0.39%

Long-Term Returns

Last 20 Years

Sensex               ▲ 14.39% p.a.

Nifty                  ▲ 14.21% p.a.

Dow Jones           ▲ 7.07% p.a.

Nasdaq               ▲ 11.46%  p.a.