Indian IT Stocks surge, Persisent Systems dividend, Apple drops, HUL to acquire Minimalist, BPCL announces dividend

                

Market ka Capsule

Indian IT Stocks surge, Persisent Systems dividend, Apple drops, HUL to acquire Minimalist, BPCL announces dividend, & more

Monday, 22-January-2025

Sensex 76,404.99 ▲ 0.75%  Nifty 23,155.35 ▲ 0.57%

Pointers:

• Markets opened higher than yesterday's closing point.
• Nifty 50 made lowest at around 01:43 PM. After that, it rose and closed above today's opening point.
• IT and pharma banking stocks rose the most.
• Realty stocks and PSU bank stocks fell the most.
• Global Markets:
• The US markets were up.
• European markets were up.
• And Most Asian Markets were up except for Chinese and Hong Kong.

    

TOP GAINERS:     (Nifty 50)

Wipro	Rs. 309.10 ▲ 3.60%
Infosys	Rs. 1,856.45 ▲ 3.10%
TCS	Rs. 4,146.60 ▲ 2.99%
Tech Mahindra	Rs. 1,683.95 ▲ 2.65%
Sun Pharma	Rs. 1,798.95 ▲ 2.06%

TOP LOSERS:        (Nifty 50)

Bharat Electronics	Rs. 270.35 ⏷ 3.10%
Tata Motors	Rs. 742.75 ⏷ 2.37%
Trent	Rs. 5,626.35 ⏷ 1.93%
Power Grid Corp	Rs. 297.55 ⏷ 1.59%
Axis Bank	Rs. 959.30 ⏷ 1.12%

News:

• Reliance Jio added 12 lakh wireless subscribers to its network in Nov. Airtel lost over 11 lakh, Vodafone-Idea (Vi) lost 15 lakh, and BSNL lost around 3 lakh: TRAI.
• The number of unique registered investors on NSE crossed 11 crore on 20 Jan. The total number of accounts on the NSE: 21+ crore (investors can have multiple trading accounts).
• Denta Water and Infra Solutions IPO has been subscribed 17.07 times, and retail subscriptions, 17.67 times. It is open until 24 Jan.

Trending Stocks:        

Infosys	▲ 3.11%
TCS	▲ 2.81%
Polycab India	⏷ 6.27%
ICICI Prudential Life Insurance	⏷ 5.81%

Stock Updates:

• Hindustan Uniliver: Net profit for the Oct-Dec'2024 Quarter was Rs. 2,984 crores -  a rise of 19% quarter-on-quarter. The company will acquire a 90.5% stake in the beauty products brand Minamilist for around Rs. 2,700.00 crore by the April-June 2025 quarter.
• HDFC Bank: net profit for the Oct-Dec quarter rose 2.31% to Rs. 17,657 crore. Net interest income rose 9% to Rs. 85,040 crore Q-on-Q.
• Pidilite: net profit for the Oct-Dec quarter rose 8.22% to Rs. 552.42 crore Q-on-Q.
• BPCL: net profit for the Oct-Dec quarter rose 19.63% to Rs. 3,806 crore Q-on-Q. It also declared a dividend of Rs. 5 per share, record date: 29-Jan-2025. The company will also invest $ 121 million in developing the Nunukan block for oil and gas reserves in Indonesia (after regulatory approval).
• polycab: net profit for the Oct-Dec quarter rose 11% to Rs. 458 crore Q-on-Q.
• Persistent Systems: net profit for the Oct-Dec quarter rose 30.36% to Rs. 373 crore Q-on-Q. It  also declared a dividend of Rs. 20 per share, record date being 31-Jan-2025.

1-Day Change

Gold             79,600.00 ▲ 0.72%

Silver             91,970.00 ▲ 0.51%

Dow Jones    44,025.81 ▲ 1.24% 

Nasdaq         19,756.78 ▲ 0.64%

Featured Question:

“Dividend Yield - Is the Dividend Yield on the issue Price of a Stock OR on the existing price”

On the existing price.

The dividend yield is calculated based on the current share price.

Let's say a company has given a dividend of Rs. 6.

And, the company's current share price is Rs. 360.

So, dividend yield is = (6 / 360) x 100 = 1.66%

Long-Term Returns

Last 20 Years

Sensex               ▲ 13.40% p.a.

Nifty                  ▲ 13.24% p.a.

Dow Jones           ▲ 7.49% p.a.

Nasdaq               ▲ 12.04%  p.a.