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POST-MARKET REPORT
Indian equity indices ended lower for the second consecutive session on August 13 with Nifty below 24,150 amid mixed macroeconomic data with CPI falling near to 5-year low in July, while IIP growing at a slower pace at 4.2 percent in June.
At close, the Sensex was down 692.89 points or 0.87 percent at 78,956.03, and the Nifty was down 208 points or 0.85 percent at 24,139.
Titan Company, Apollo Hospitals, Dr Reddy’s Labs, Tata Consumer, and HCL Tech were among the major gainers on the Nifty, while Shriram Finance, BPCL, HDFC Life, HDFC Bank, and Bajaj Finance were among the losers.
All the sectoral indices ended in the red with bank, power, oil & gas, metal, media, and telecom down one percent each.
Considering the Broader market indices, the BSE Midcap and Smallcap indices also lost one percent each.
STOCKS TODAY
Aarti Industries: The company said its discretionary portfolio continues to see recovery, and an ‘all-round revival is anticipated later this fiscal year’. The management is hopeful that a recovery of volumes and ramp-up of capacities along with higher operating leverages should be able to drive EBITDA growth. The company’s proposed capex could take the debt on books slightly higher to Rs 3,600 crore, the management said during the analyst call.
DOMS Industries: Shares of DOMS Industries surged more than 4 percent to an all-time high of Rs 2,545 on August 13, following a robust performance in the April-June quarter (Q1FY25). The stationery company reported a 49.5 percent year-on-year increase in net profit, reaching Rs 54.3 crore in Q1FY25, compared to Rs 36.3 crore in the same period last year. Consolidated revenue from operations rose 17.3 percent year-on-year to Rs 445 crore in Q1FY25.
Torrent Pharma: Leading generic pharma player Torrent Pharmaceuticals may raise as much as $3 billion from international lenders, in its effort to acquire a controlling stake in JB Chemicals, Bloomberg News reported on August 13 citing people familiar with the matter. The report added that options before Torrent include the dollar as well as local currency bonds, and lenders such as Barclays Plc, Deutsche Bank AG and Standard Chartered Plc may have been tapped for this.
Olectra Greentech: The company saw its consolidated revenue from operations grow by 45.37% year-on-year (YoY) to ₹314 crores. EBITDA also increased by 10% YoY, reaching ₹44 crore, with an EBITDA margin of 14%. Net profit after tax rose to ₹24 crore, marking a 33% increase from ₹18 crore in the same quarter last year. shares jumped 13% today, climbing to ₹1,742 per share, as investors responded positively to the company’s strong June quarter results.
IRCTC: Indian Railway Catering and Tourism Corporation (IRCTC) shares were down 0.65 percent as the company announced its June quarter results. IRCTC’s net profit rose 32.51% to ₹307.71 crore in the June quarter results, fueled by the company’s increased revenues of 11.81 percent in the April to June quarter of the financial year 2024-25. The PSU railway operator also announced a final dividend of ₹4 per equity share for the financial year ended 2023-34.
Maruti Suzuki: Maruti Suzuki India has begun exports of its newest sports utility vehicle (SUV) Fronx from India to Japan, the auto major said in a statement on August 13. The first consignment of more than 1,600 SUVs departed from Pipapav Port (Gujarat) to Japan, making it Maruti Suzuki’s first SUV to be launched in Japan, the statement added. It is the second car after the Baleno in 2016 to be exported to Japan from India.