On Monday, 1899 stocks advanced, 2187 declined and 111 remained unchanged, with an advance decline ratio of 0.86 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets. The trend of the major indices on Monday’s trading is given in the table below.
On NSE, 140 securities advanced and closed at a new 52-week high whereas 28 securities sank to close at their new 52-week lows. In sectoral indices, Nifty Media, Nifty PSU Bank and Nifty FMCG were among the biggest losers. Nifty Metal, Nifty Pharma and Nifty IT were among the biggest gainers.
Mahindra Logistics (+1.56%) entered into a technology collaboration with AI-powered sustainability startup Sangti Solutions for reducing carbon emission in supply chain. As part of this collaboration, a fully automated system will be established through a SaaS (software-as-a-service) platform. Accredited by the Global Logistics Emission Council (GLEC) and ISO 14083, the system seamlessly integrates into existing logistics and supply chain management processes.
SBC Exports (+7.31%) received an export order for supply of various Garment articles including T-Shirts, Trousers, Shorts etc. for a value of around Rs45 crore from M/s Gawgee Brothers Wholesalers CO. LLC, a Dubai based Textile Company. The order is to be executed within one year form the date of purchase order.
Godrej Properties (+0.47%) planned to launch Rs21,000 crore worth of residential projects by March across major cities to encash strong consumer demand and achieve 20 per cent growth in sales bookings this fiscal.
NBCC (India) (-1.63%) was awarded orders worth around Rs719.97 crore. The order worth Rs9.97 crore has been awarded by Institute of Company Secretaries of India for construction of a new Building by demolishing the existing building of Hyderabad Chapter of ICSI at Anand Nagar Colony, Khairatabad, Hyderabad.
Inox Wind Energy (+10.00%) reported net profit at Rs41.58 crore for the quarter ended June 30, 2024 as compared to net loss of Rs65.77 crore for the same quarter in the previous year. Total income of the company increased by 84.72% at Rs654.64 crore for Q1FY25 as compared to Rs354.39 crore for the corresponding quarter previous year results.
IOL Chemicals and Pharmaceuticals (-0.87%) reported 34.65% fall in its net profit at Rs 29.97 crore for the quarter ended June 30, 2024 as compared to Rs 45.86 crore for the same quarter in the previous year. Total income of the company decreased by 10.60% at Rs 509.76 crore for Q1FY25 as compared to Rs 570.24 crore for the corresponding quarter previous year.
Tata Consultancy Services (TCS) (-0.78%) enabled 100% in-store mobile checkout for all Croma stores, a first in the retail industry in India. TCS leveraged TCS OmniStore, its award-winning artificial intelligence AI-powered, unified composable commerce platform, to deliver faster checkout and a best-in-class omnichannel shopping experience across touchpoints.
CIE Automotive India (-0.61%)entered into share subscription and shareholders’ agreement to subscribe upto 31.20% of the equity share capital of ReNew Green (MHK Two) (ReNew Green) and invest an amount upto Rs3.60 crore towards subscription of equity share capital. This will entitle the company to source green energy from captive solar power generating plant to be set up by ReNew Green.
Aurobindo Pharma (+0.83%) reported 61.17% rise in its net profit at Rs918.22 crore for the quarter ended June 30, 2024 as compared to Rs569.71 crore for the same quarter in the previous year. Total income of the company increased by 11.79% at Rs7,787.95 crore for Q1FY25 as compared to Rs6,966.85 crore for the corresponding quarter previous year.
The Anup Engineering (ANUP) (+2.86%) bagged two critical orders valued over Rs100 crore. About 90% of this is from one of renowned EPC contractor in Europe for a critical project in UAE. The scope consists of manufacturing and supplying pressure vessels of complex metallurgies.
Earnings:
Rategain Travel (-5.44%): Net Sales was Rs260 crore in Q1FY25 up 21% YoY (Rs214 crore). Net Profit was Rs45.4crore in Q1FY25 up 82% YoY (Rs24.9 crore)
Vinyl Chemicals (-0.43%): Net Sales was Rs156 crore in Q1FY25 up 35% YoY (Rs115 crore). Net Profit was Rs4.92 crore in Q1FY25 up 41% YoY (Rs3.50 crore).
Subros (+7.83%): Net Sales was Rs810 crore in Q1FY25 up 17% YoY (Rs693 crore). Net Profit was Rs35 crore in Q1FY25 up 158% YoY (Rs13.6 crore).
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
