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POST-MARKET REPORT
Indian stock market benchmarks- the Sensex and the Nifty 50- plunged over 1 percent each on Friday, August 2, on an across-the-board selloff amid weak global cues.
Sensex finally closed 886 points, or 1.08 percent, lower at 80,981.95, while the Nifty 50 ended with a loss of 293 points, or 1.17 percent, at 24,717.70.
As many as 42 stocks ended in the red in the Nifty 50 index. Shares of automakers Eicher Motors, Tata Motors, and Maruti ended as the top losers in the Nifty 50 index.
Among the major sectoral indices, Nifty Realty plunged 3.5 percent, while Auto and Metal cracked nearly 3 percent each. The IT index suffered a loss of over 2 percent. The Nifty Bank index declined 0.41 percent, while the Private Bank index slipped 0.39 percent. On the other hand, the PSU Bank index suffered a strong loss of 1.72 percent.
The Midcap index underperformed the Nifty 50 as the Nifty Midcap 50 closed 1.43% down. Small cap stocks outperformed the Nifty 50 as the Nifty small cap 100 ended at 18949.95 down by 149.35 points and 0.79% lower.
The mid and smallcap indices on the BSE fell 1.19 percent and 0.58 percent, respectively.
STOCKS TODAY
Coal India: Multibagger Coal India’s share price is trading near all-time highs. Coal India reported strong Q1 performance with Net profit at ₹10943.55 Crore rising 4% year-on-year and 26.2 % sequentially. The strong demand is driving sales volume and earnings while production growth has been the key in supporting the supplies.
Dabur India: Dabur India declared their Q1 results on 01 Aug 2024. The topline increased by 6.98% & the profit increased by 7.81% YoY. The operating income was up by 51.87% q-o-q & increased by 7.44% Y-o-Y. Currently, Dabur India has a market cap of ₹112665.8 Cr respectively.
Orient Electric: Orient Electric declared their Q1 results on 01 Aug 2024. The topline increased by 6.98% & the profit decreased by 27.17% YoY. The operating income was up by 47.58% q-o-q & decreased by 24.1% Y-o-Y. Currently Orient Electric has a market cap of ₹6206.81 Cr.
Adani Enterprises: Adani Enterprises shareholders will receive 251 shares of Adani Wilmar for every 500 shares they hold as part of the restructuring which will simplify the group’s shareholding. The Adani Group flagship firm on Thursday reported a more than two-fold surge in its profit for the April-June quarter.
Hind Rectifiers: The share price that gained 5% in the intraday trades on Friday also hit the 5% price band limit. The Hind Rectifiers reported its financial performance on Thursday during post-market hours. The Hind Rectifiers share price has risen more than 168% in the last year and more than 600% in the last 5 years have given multi-bagger returns to the investors.