Nifty, Sensex May Record More Gains - Monday Closing Report
Moneylife Digital Team 22 April 2024
On Monday, 2620stocks advanced, 1284 declined and 153remained unchanged, with an advance decline ratio of 2.04 on the Bombay Stock Exchange (BSE), indicating positive 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 8 securities sank to close at their new 52-week lows.  In sectoral indices, Nifty PSU Bank, Nifty Pharma and Nifty Infrastructure was the gainers with no indices closing in negative.
 
Lloyds Engineering (+19.98%) Works secured orders for naval equipment, marking an important milestone in the company's growth trajectory. The orders, valued at over Rs 81 crore, encompass Ship steering gears System and Ship stabiliser systems, and are slated for execution over the course of three years.
 
UltraTech Cement (+1.93%) acquired a grinding unit from India Cements for Rs 315 crore and it will invest an additional Rs 504 crore to expand capacity of two units
 
Escorts (+1.87%) Kubota’s Agri Machinery Business Division is all set for increasing the prices of its tractors effective May 1, 2024 onwards.
 
Ajooni Biotech (+5.00%) received the second order from Avon Animal Health.
 
Welspun Corp (+4.86%) received multiple line pipe orders, both in India & USA, cumulatively valued at around Rs 872 crore since its last disclosure made on March 22, 2024.
 
Pavna Industries (+5.00%) inked an agreement with OLA Electric to supply ignition switches and latches.
 
Vikas Lifecare (+4.00%) secured orders for its Agro Products Division. The division has bagged an order for rice, valued about Rs 50 crore, bolstering its presence in the premium and organic rice segments.
 
Prudential Sugar Corporation (-1.88%) entered into a Memorandum of Understanding (MoU) with The Failte Ventures Group, Ireland for floating a Joint Venture Company for the purpose of setting up Solar Panel Manufacturing facility in India with a capacity of 500 MW per annum.
 
Lupin (+3.95%) launched Mirabegron Extended-Release Tablets, 25 mg, in the United States, after having received an approval from the United States Food and Drug Administration (USFDA).
 
Zydus Lifesciences’ (+3.91%) wholly-owned subsidiary -- Sentynl Therapeutics, Inc. (Sentynl) has received marketing authorisation from the UK Medicines and Healthcare products Regulatory Agency (MHRA) for NULIBRY (fosdenopterin) for Injection as the first therapy for the treatment of patients in Great Britain (GB) with Molybdenum Cofactor Deficiency (MoCD) Type A.
 
Genus Power Infrastructures (+2.15%) entered into Share Purchase Agreement (SPA) dated April 20, 2024 with Gemstar Infra Pte for transfer of 100% equity shares being held by Genus Power Infrastructures in its wholly owned subsidiary namely Hi-Print Metering Solutions (HPMSPL).
 
JSW Energy’s (-2.55%) wholly owned subsidiary -- JSW Neo Energy has received Letter of Award (LoA) for setting up 700 MW ISTS connected Solar Power Project from NTPC against Tariff based Competitive Bid invited for setting 1,500 MW ISTS-connected Solar Power Projects (NTPC-ISTS-II).
 
Manappuram Finance (+0.90%) received approval for raising up to $500 million (about Rs 4,100 crore) by way of external commercial borrowings (ECBs).
 
Aditya Birla Fashion and Retail (ABFRL) (+3.91%) received approval for vertical demerger of Madura Fashion and Lifestyle business (MFL Business) from ABFRL into a newly incorporated company named  Aditya Birla Lifestyle Brands (ABLBL), which will be listed separately on completion of the demerger.
 
Landmark Cars (-0.88%) signed a Letter of Intent (LoI) with Mahindra & Mahindra for opening three showrooms and four workshops in Hyderabad.
 
Earnings: 
 
K.P. Energy: Net Sales was Rs206 crore in Q4FY24 up 40% YoY (Rs147 crore). Net Profit was Rs25.4 crore in Q4FY24 up 61% YoY (Rs15.8 crore)
 
Persistent System Ltd: Net Sales was Rs2,591 crore in Q4FY24 up 15% YoY (Rs2,254 crore). Net Profit was Rs315 crore in Q4FY24 up 25% YoY (Rs252 crore).
 
HDFC Bank Ltd: Net Sales was Rs79,434 crore in Q4FY24 up 67% YoY (Rs47,548crore). Net Profit was Rs 18,013 crore in Q4FY24 up 40% YoY (Rs12,634 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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