On Thursday, 1829 stocks advanced, 2083 declined and 102 remained unchanged, with an advance decline ratio 0.87 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets. The trend of the major indices on Thursday’s trading is given in the table below.
On NSE, 122 securities advanced and closed at a new 52-week high whereas 27 securities sank to close at their new 52-week lows. In sectoral indices, Nifty Pharma and Nifty Media were among the biggest gainer. Nifty IT, Nifty Metal and Nifty Energy were among the biggest losers.
Spandana Sphoorty Financial (-0.43%) raised Rs54.99 crore through the allotment of 5,000 Listed, Rated, Senior, Secured, Transferable, Redeemable, Non-Convertible Debentures (NCDs) having face value of Rs1,00,000 each at a premium of Rs9,984.25 per debenture, on private placement basis.
Tech Mahindra (-0.49%) signed a Memorandum of Understanding (MoU) with Northeastern University to accelerate innovation in Open Radio Access Networks (ORAN) and 6G connectivity. The collaboration will focus on the research, development, and testing of next-generation wireless networks for global customers.
MRF (+4.30%) reported 3.01% fall in its net profit at Rs571.02 crore for the quarter ended June 30, 2024 as compared to Rs588.75 crore for the same quarter in the previous year. However, total income of the company increased by 11.75% at Rs7,280.49 crore for Q1FY25 as compared to Rs6,514.98 crore for the corresponding quarter previous year.
Manappuram Finance (-1.06%) received approval for the issuance of Secured, Non-Cumulative, Redeemable, Listed, Rated, Non-Convertible Taxable Debentures of face value of Rs1 lakh for an aggregate amount of Rs600 crore on private placement basis.
Wardwizard Innovations & Mobility (+0.34%) dispatched 1623 units of electric two-wheelers in July 2024. This marks a growth of over 60% compared to July 2023 when the company had dispatched 1012 units of electric two-wheelers.
Goldiam International (+4.09%) received new export order from a large retailer in USA for manufacturing and export of lab-grown diamond studded gold jewellery worth of Rs 50 crore.
Muthoot Microfin (+1.37%) raised Rs66.40 crore through allotment of 6,640 Secured Rated, Listed, Redeemable, Taxable, Non-Convertible Debentures (NCDs) of face value of Rs 1,00,000 each on private placement.
JSW Energy’s (+1.37%) wholly owned subsidiary -- JSW Neo Energy has received Letter of Award (LoA) from Solar Energy Corporation of India, for supply of 230 MW ISTS connected firm and dispatchable renewable energy (FDRE). The capacity is awarded against the tariff based competitive bid invited for supply of 630 MW firm and dispatchable power from ISTS connected renewable energy projects (SECI-FDRE-IV).
Earnings:
Dreamfolks Services (+2.01%): Net Sales was Rs321 crore in Q1FY25 up 20% YoY (Rs266 crore). Net Profit was Rs17.2 crore in Q1FY25 up 32% YoY (Rs13 crore)
Aptus Value Housing (+0.19%): Net Sales was Rs395 crore in Q1FY25 up 29% YoY (Rs306 crore). Net Profit was Rs172 crore in Q1FY25 up 21% YoY (Rs142 crore)
Eureka Forbes (-2.05%): Net Sales was Rs553 crore in Q1FY25 up 9% YoY (Rs505 crore). Net Profit was Rs31.0 crore in Q1FY25 up 41% YoY (Rs22.1crore)
Tega Industries (-0.18%): Net Sales was Rs340 crore in Q1FY25 up 27% YoY (Rs268 crore). Net Profit was Rs37 crore in Q1FY25 up 72% YoY (Rs21 crore)
Garware HiTech Films: Net Sales was Rs474 crore in Q1FY25 up 25% YoY (Rs380 crore). Net Profit was Rs88.4 crore in Q1FY25 up 102% YoY (Rs44 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:
