Adani Enterprises profit falls 97%, No rate cuts in the US, Reliance Industries share surges, Tata Motor Dips & more

                

Market ka Capsule

Adani Enterprises profit falls 97%, No rate cuts in the US, Reliance Industries share surges, Tata Motor Dips & more

Thursday, 30-January-2025

Quote of the day:

"The Key to making money is to stay invested"

- Suze Orman

Sensex 76,759.81 ▲ 0.30%  Nifty 23,249.50 ▲ 0.37%

Pointers:

• Markets opened above yesterday's closing point.
• Nifty 50 kept rising till 10:30 AM after that it started to fell and touches its lowest point around 2:30 PM.
• After falling throughout the day, in the last hour nifty jumped back and closed in green.
• Realty and oil and gas stocks rose the most. All sectors were positive today.
• Consumer durable and media stocks fell today.
• Global Markets:
• The US markets were down.
• European markets were mostly up.
• And Most Asian Markets were all up except for the Chinese market.

    

TOP GAINERS:     (Nifty 50)

Bharat Electronics	Rs. 278.75 ▲ 4.32%
Power Grid Corp	Rs. 295.35 ▲ 2.61%
Hero Moto	Rs. 4,177.80 ▲ 2.59%
Airtel	Rs. 1,640.75 ▲ 2.52%
Cipla	Rs. 1,457.45 ▲ 2.35%

TOP LOSERS:        (Nifty 50)

Tata Motors	Rs. 696.85 ⏷ 7.40%
Adani Enterprises	Rs. 2,252.60 ⏷ 2.85%
Shriram Finance	Rs. 538.30 ⏷ 2.75%
Bajaj Finance	Rs. 1,745.20 ⏷ 2.52%
Adani Ports	Rs. 1,077.05 ⏷ 1.81%

News:

• The US Fed has kept its interest rate unchanged at 4.5% after its January meeting.
• The European Central Bank reduced its interest rate by 0.25% to 2.9% for the Euro Area. 
• Dr. Agarwal's Health Care IPO has been subscribed over 0.42 times. Retail subscription: 0.24 times. Open till tomorrow - 31 Jan.
• Indian Markets gained an extended gain, driven by strong support from heavy-weighters like HDFC Bank, Kotak Mahindra Bank, and Reliance Industries.
• IT Stocks today saw profit booking after the recent rally.
• Starbucks stock gained over 8% although the profit saw an yearly decline, as CEO of the company looks for speeding up of orders.

Trending Stocks:        

BEL	▲ 4.47%
RIL	▲ 1.43%
Voltas	⏷ 13.89%
Tata Motors	⏷ 7.40%

 

Stock Updates:

• Adani Ports: net profit for the Oct-Dec quarter rose 14% to Rs. 2,520.00 crore Quarter-on-Quarter.
• L&T: net profit for the Oct-Dec quarter rose 14% to Rs. 3,359 crores Quarter-on-Quarter.
• Bajaj Finserv: net profit for the Oct-Dec quarter rose 3% to Rs. 2,231.00 crore Quarter-on-Quarter. Interest Income rose 25% to 17,409 crore.
• Adani Enterprises: net profit for the Oct-Dec quarter fell 97% to Rs. 58 crores Quarter-on-Quarter. This fall majorly due to a 259% rise in finance costs and lower revenues in the coal mining and trading segment.
• Bharat Electronics: net profit for the Oct-Dec quarter rose 53% to Rs. 1,311 crores Quarter-on-Quarter. Company's order book position stood at Rs. 71,100 crore as of 1 Jan 2025.
  
• Bajaj Holdings: net profit rose 6% to Rs 1,748 crore in the Oct-Dec quarter (vs same quarter previous year).
• GAIL (INDIA): Net profit rose 28% to Rs 4,082 crore in the Oct-Dec quarter (vs same quarter previous year). Dividend declared: Rs 6.50 per share. Record date: 7 Feb.
• Bank of Baroda: net profit rose 9% to Rs 5,214 crore in the Oct-Dec quarter (vs same quarter previous year). Net NPA (Non-Performing Assets) fell to 0.59% (vs 0.70%).
• Max Healthcare: net profit fell 17% to Rs 239 crore in the Oct-Dec quarter (vs same quarter previous year).
• Shree Cements: net profit fell 72% to Rs 193 crore in the Oct-Dec quarter (vs same quarter previous year).
• Dabur: net profit rose 2% to Rs 522 crore in the Oct-Dec quarter (vs same quarter previous year).
• Tata Consumer: net profit was flat at Rs 279 crore in the Oct-Dec quarter (vs same quarter previous year).

1-Day Change

Gold             80,730.00 ▲ 0.21%

Silver             92,250.00 ▲ 1.03%

Dow Jones    44,713.52 ⏷ 0.31% 

Nasdaq         19,632.32 ⏷ 0.51%

Featured Question:

“If 2 companies listed in Stock Exchange, gets merged into 1 company, what happens to their individual stocks?? Will 1 gets dissolved into another and what happens to it's shareholders???”

If one company is acquiring the other:

The shareholders of the acquired company will be offered shares in the parent company, or offered cash for their shares.

Many times, they are offered a mix of shares in the parent company + cash.

A rate is usually fixed — example 1 share of parent company = 3 shares of acquired company.

If 2 companies are merging:

Usually, a new company is created after the merger.

The shares of the older 2 companies stop trading.

Shareholders are offered shares in the new company.

Example: company A and B are merged. Company C is the new company.

10 share of A = 1 share of C

10 share of B = 2 shares of C.

Long-Term Returns

Last 20 Years

Sensex               ▲ 13.21% p.a.

Nifty                  ▲ 13.03% p.a.

Dow Jones           ▲ 7.55% p.a.

Nasdaq               ▲ 12.00%  p.a.