Nifty, Sensex On An Uptrend - Thursday Closing Report
Moneylife Digital Team 25 April 2024
On Thursday, 2076 stocks advanced, 1718 declined and 140 remained unchanged, with an advance decline ratio of 1.20 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets. The trend of the major indices on Thursday’s trading is given in the table below.
 
 
On NSE, 136 securities advanced and closed at a new 52-week high whereas 11 securities sank to close at their new 52-week lows.  In sectoral indices, all indices ended in green. Nifty IT, Nifty Media and Nifty FMCG were among the biggest gainers.
 
Tata Motors (+1.04%) has filed 222 patents and 117 designs applications during the year FY23-24.
 
Power Grid Corporation of India (+0.57%) has inked a pact to infuse funds and take a 50% stake in crisis-hit National High Power Test Laboratory (NHPTL).
 
Puravankara’s (+5.00%) wholly owned subsidiary -- Provident Housing has secured Rs1,150 crore investment from HDFC Capital.
 
Nestle India (+2.56%) has received approval for execution of a agreement with Dr. Reddy’s Laboratories (Dr. Reddy’s) to form a joint venture and to bring together the well-known global range of nutritional health solutions as well as vitamins, minerals and health supplements.
 
Veranda Learning Solutions (-1.10%) has signed a business transfer agreement with Logic Management Training Institutes through its Subsidiary Veranda XL Learning Solutions.
 
Brigade Group and IHG Hotels & Resorts, a global hospitability company, have signed a management agreement to debut the InterContinental brand in Telangana - InterContinental Hyderabad Neopolis.
 
The Reserve Bank of India (RBI) has directed Kotak Mahindra Bank (-10.87%) to cease and desist, with immediate effect, from onboarding of new customers through its online and mobile banking channels and issuing fresh credit cards.
 
United States Food and Drug Administration (USFDA) has concluded its audit at Jubilant Pharmova’s (-0.62%) step down subsidiary -- Jubilant Draximage Inc’s Radiopharmaceutical manufacturing facility located at Montreal, Canada.
 
RITES (+1.86%) has signed a Memorandum of Understanding (MoU) with Damodar Valley Corporation (DVC), a statutory body under the Ministry of Power, to collaborate for Project Management Consultancy for rail infra works.
 
Earnings: 
Welspun Living (-2.32%): Net Sales was Rs2,575 crore in Q4FY24 up 20% YoY (Rs2,154 crore). Net Profit was Rs131 crore in Q4FY24 up 4% YoY (Rs129 crore)
 
Kirloskar Pneumatic: Net Sales was Rs490 crore in Q4FY24 up 36% YoY (Rs360 crore). Net Profit was Rs60.2crore in Q4FY24 up 106% YoY (Rs32.2 crore).
 
Enkei Wheels (+8.38%): Net Sales was Rs222 crore in Q4FY24 up 67% YoY (Rs132 crore). Net Profit was Rs8.87crore in Q4FY24 up 302% YoY (Rs-4.40 crore)
 
Nestle India: Net Sales was Rs5,268 crore in Q4FY24 up 9% YoY (Rs4,831 crore). Net Profit was Rs934 crore in Q4FY24 up 26% YoY (Rs737 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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