Nifty, Sensex Bounce Back - Monday Closing Report
Moneylife Digital Team 13 May 2024
On Monday, 1777 stocks advanced, 2180 declined and 130 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 0.81, indicating a 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, 63 securities advanced and closed at a new 52-week high whereas 38 securities sank to close at their new 52-week lows. 
 
In sectoral indices, Nifty Pharma, Nifty Metal and Nifty IT were among the biggest gainers. Nifty Auto, Nifty PSU Bank and Nifty Energy were among the biggest losers. 
 
Tube Investments of India (-3.68%) has received approval for long-term borrowing up to Rs350 crore by way of term loan and/or by way of issue of privately placed secured non-convertible debentures, in one or more tranches.
 
Praveg (+0.99%) has secured 30-year land lease for the development of Cave Resort in Jawai, Rajasthan. This new project will leverage the scenic beauty of Jawai with a one-of-a-kind luxury cave room structure. Praveg has been granted a 12-month rent-free to facilitate the setup.
 
Goldiam International (-1.54%) has received additional new export orders worth of Rs30 crore from International clients for manufacturing of lab-grown diamond studded gold jewellery. 
 
Sarveshwar Foods (+1.78%) has secured contract from the esteemed Shri Mata Vaishno Devi Shrine Board in Jammu and Kashmir. Under this contract, Sarveshwar Foods will supply its premium Steamed Basmati Rice to the renowned pilgrimage destination.

Bharti Airtel (-1.01%) and Google Cloud have entered into a long-term collaboration to deliver cloud solutions to Indian businesses. 
 
Fineotex Chemical (+5.58%) is engaged in advanced discussions with a speciality chemical manufacturing company regarding a potential acquisition. The target company’s product portfolio and customer base aligns well with its current business operations.
 
Adani Enterprises (+3.27%) is planning to spend Rs80,000 crore across businesses in the current financial year (FY25). 
 
Housing & Urban Development Corporation (HUDCO) (+0.98%) has signed a Memorandum of Understanding (MoU) with Surat Integrated Transportation Development Corporation (SITCO), a joint venture organization of Ministry of Railways through Rail Land Development Authority, Government of Gujarat through GSRTC and Surat Municipal Corporation at New Delhi, for construction and development of Surat Multi Modal Transportation Hub (SMMTH) on the land provided by the Ministry of Railways and Government of Gujarat. 
 
Escorts Kubota (+1.45%) is planning to invest up to Rs4,500 crore over the next three to four years to set up a new manufacturing plant.
 
EKI Energy Services (-4.20%) has received approval to acquire 49% equity shares of Glofix Advisory Services.
 
Biocon (-0.64%) has signed semi-exclusive distribution and supply agreement with Medix, a specialty pharmaceutical company in Mexico, for the commercialization of its vertically integrated drug product, Liraglutide (gSaxenda), used in the treatment of obesity. Biocon will undertake the responsibility of obtaining regulatory approval, manufacturing and supply of the drug product, and Medix will be responsible for its commercialization in the Mexican market. 
 
Results Update: 
 
Inox India(-1.13%): Net Sales was Rs276 crore in Q4FY24 up 17% YoY (Rs235 crore). Net Profit was Rs44.1 crore in Q4FY24 up 44% YoY (Rs30.6 crore).
 
Ethos (+1.39%): Net Sales was Rs253 crore in Q4FY24 up 22% YoY (Rs208 crore). Net Profit was Rs21 crore in Q4FY24 up 58% YoY (R13.3 crore).
 
Varun Beverages (+0.72%): Net Sales was Rs4,317 crore in Q4FY24 up 11% YoY (Rs3,893 crore). Net Profit was Rs548 crore in Q4FY24 up 25% YoY (Rs439 crore).
 
BEML (+14.48%): Net Sales was Rs1,514 crore in Q4FY24 up 9% YoY (Rs1,388 crore). Net Profit was Rs257 crore in Q4FY24 up 63% YoY (Rs158 crore).
 
C.E. Info System (+5.38%): Net Sales was Rs107 crore in Q4FY24 up 48% YoY (Rs72.5 crore). Net Profit was Rs38.2 crore in Q4FY24 up 35% YoY (Rs28.3 crore).
 
Aditya Birla Capital (+2.82%): Net Sales was Rs10,490 crore in Q4FY24 up 36% YoY (Rs8,025 crore). Net Profit was Rs1,288 crore in Q4FY24 up 105% YoY (Rs636 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:
 
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