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POST-MARKET REPORT
The Indian markets failed to hold on to the morning gains and ended lower for the third straight session on August 6 amid volatility led by mixed sectoral performance.
At close, the Sensex was down 125.84 points or 0.16 percent at 78,633.56, and the Nifty was down 63.05 points or 0.26 percent at 23,992.55.
HDFC Life, SBI Life Insurance, Shriram Finance, BPCL, and SBI were among the top Nifty losers, while gainers included Britannia Industries, JSW Steel, HUL, L&T and Tech Mahindra.
Among sectors, auto, bank, and oil & gas were down 0.5 percent each, while IT, metal, and realty were up 0.3-0.8 percent.
The BSE midcap and smallcap indices ended shed 0.5 percent each.
STOCKS TODAY
TVS Motor: TVS Motor Company, the two and three-wheeler manufacturer, reported a sharp growth in its June quarter net profit with an uptick in operating margins. TVS Motor’s standalone net profit in the first quarter of FY25 increased 23.4% to ₹577.32 crore from ₹467.67 crore in the year-ago quarter. The company’s revenue from operations in Q1FY25 grew 16% to ₹8,375.59 crore from ₹7,217.91 crore, year-on-year (YoY), driven by improved sales.
Triveni Turbines: Triveni Turbines declared their Q1 results on 05 Aug 2024. The topline increased by 23.08% & the profit increased by 31.74% YoY. As compared to the previous quarter the revenue grew by 1.14% and the profit increased by 5.34%. The operating income was up by 5.81% q-o-q & increased by 35.47% Y-o-Y. The EPS is ₹2.52 for Q1 which increased by 31.94% Y-o-Y.
Orient Cement: Orient Cement declared their Q1 results on 05 Aug 2024. The top line decreased by 15.62% & the profit decreased by 0.87% YoY. As compared to the previous quarter the revenue declined by 21.59% and the profit decreased by 46.17%. The operating income was down by 48.01% q-o-q & decreased by 8.03% Y-o-Y. The EPS is ₹1.79 for Q1 which decreased by 1.1% Y-o-Y.
Deepak Nitrite: Deepak Nitrite declared their Q1 results on 05 Aug 2024. The topline increased by 22.54% & the profit increased by 35.12% YoY. Compared to the previous quarter, the revenue grew by 1.91% and the profit decreased by 20.21%. The operating income was down by 21.74% q-o-q & increased by 52.47% Y-o-Y. The EPS is ₹14.85 for Q1 which increased by 35.12% Y-o-Y.
Avanti Feeds: Avanti Feeds announced their Q1 results on 05 Aug 2024, revealing a decrease in revenue by 3.05% compared to the previous year. However, the company saw a significant increase in profit by 20.5% year-over-year. Avanti Feeds experienced a growth in revenue by 17.36% and a profit increase of 23.17%.
Fairchem Organics: Fairchem Organics declared their Q1 results on 05 Aug 2024. The topline increased by 2.7% & the profit increased by 126.25% YoY. Compared to the previous quarter, the revenue grew by 2.72% and the profit increased by 17.78%. The operating income was up by 18.39% q-o-q and increased by 102.57% Y-o-Y. The EPS is ₹10.64 for Q1, which increased by 126.38% Y-o-Y.