Rise in EPFO subscribers, Grand rise in HPCL's profit of 257%, Rise in profits of Ultratech, Netflix hits all-time high, & more
Market ka Capsule
Rise in EPFO subscribers, Grand rise in HPCL's profit of 257%, Rise in profits of Ultratech, Netflix hits all-time high, & more
Monday, 23-January-2025
Sensex 76,520.38 ▲ 0.15% Nifty 23,205.35 ▲ 0.22%
Pointers:
- Markets opened below yesterday's closing point.
- Nifty 50 crossed that point at around 9:36 AM. After that, it kept that momentum and stayed above that point.
- IT and Consumer durable stocks rose the most.
- Oil stocks, gas stocks, and Private bank stocks fell the most.
- Global Markets:
- The US markets were up.
- European markets were flat.
- And Most Asian Markets were showing a mixed trend.
| Ultratech | Rs. 11,420.90 ▲ 6.80% |
| Grasim | Rs. 2,461.15 ▲ 3.06% |
| Wipro | Rs. 317.70 ▲ 2.78% |
| Shriram Finance | Rs. 529.80 ▲ 2.15% |
| Eicher Motors | Rs. 5,116.20 ▲ 2.13% |
TOP LOSERS: (Nifty 50)
| BPCL | Rs. 271.25 ⏷ 2.29% |
| Kotak Mahindra | Rs. 1,894.85 ⏷ 1.18% |
| HCL Tech | Rs. 1,807.00 ⏷ 1.13% |
| Power Grid Corp | Rs. 294.35 ⏷ 1.08% |
| Reliance | Rs. 1,263.65 ⏷ 1.05% |
News:
- Japan's trade surplus rose to 130.9 billion Japanese yen in Dec 2024 (vs a deficit of 110.3 billion Yen in Nov). Imports rose by 1.8% and Exports rose by 2.8%.
- EPFO added a net of 14.63 lakh members in Nov 2024 (a year-on-year rise of 4.88%). Of this, 8.74 lakh were new members, a year-on-year rise of 8.80%.
- Denta Water and Infra Solutions IPO has been subscribed 50.63 times, and retail subscriptions, 45.51 times. It is open until 24 Jan.
Trending Stocks:
| Coforge | ▲ 11.77% |
| Pidilite Industries | ▲ 5.62% |
| Jio Financial Services | ⏷ 2.64% |
| HCL Technologies | ⏷ 1.14% |
- Hindustan Petroleum: Net profit for the Oct-Dec'2024 Quarter was Rs. 2,543.65 crores - a rise of 257% quarter-on-quarter.
- Ultratech: net profit for the Oct-Dec quarter fell 17.30% to Rs. 1,469.50 crore Quarter-on-Quarter.
- Kotak Mahindra: completed the acquisition of Standard Chartered's personal loan book amounting to Rs. 3,330 crore.
- Dr. Reddy's: net profit for the Oct-Dec quarter rose 2.49% to Rs. 1,413.30 crore Quarter-on-Quarter.
- IREDA: will raise Rs. 5,000 crore through a QIP (Qualified Institutional Placement).
- Adani Energy: net profit for the Oct-Dec quarter rose 73% to Rs. 562 crore Quarter-on-Quarter.
1-Day Change
Featured Question:
“Why & for what reasons does a company splits its share price?”
The main reason is that it helps bring the share price down - without negatively affecting existing shareholders.
Many times, a company's share price may reach a certain high level - a price where it becomes difficult to buy.
This means that a smaller number of investors are able to afford it.
Example: More investors can afford to buy shares priced at Rs. 200 vs a share priced at Rs. 15,000.
In a split, nothing in the company fundamentally changes. they just create more shares.
Example: A company announces a 3-for-1 split.
This means that each share will be divided into 3 parts.
Say you own 10 shares. After the split, you will own a total of 30 shares.
But, the price of each share is now 3 times lower - which means more investors can afford the share.
This increases liquidity - making it easier to buy/sell shares of the company.
A split is often done by companies to signal to investors that the company's future has more growth ahead.
This is why often, after a split, share price rises - even though the underlying company remains the same.
Comments
Post a Comment