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POST-MARKET REPORT
The Nifty and Sensex plunged, snapping their four-day gaining streak after realty and metal stocks took a beating on Dalal Street.
At close, the Sensex was down 0.91 percent at 80,604 and the Nifty was down 1.09 percent at 24,530. About 727 shares advanced, 2,656 shares declined, and 65 shares were unchanged.
Infosys, ITC, Asian Paints, LTIMindtree, and Britannia Industries were the top gainers on the Nifty. Tata Steel, JSW Steel, BPCL, Hindalco, and ONGC were the top laggards on the index.
All the 14 sectoral indices ended the session in the red. Major laggards included metal and realty indices, plunging up to four percent. Energy and auto index also nosedived over two percent each.
The broader markets also extended losses for the second consecutive day as midcap and smallcap indices fell 2.3 and 2.2 percent.
STOCKS TODAY
SpiceJet: Shares of airline SpiceJet rose nearly 5 percent in morning deals on July 19 after the low-cost airline said it will hold a board meeting on July 23 to consider raising fresh capital through qualified institutional placement. The company disclosed to the exchanges in a regulatory filing on Thursday.
Zydus Lifesciences: Zydus Lifesciences shares fell on July 19 after the company’s Jarod injectables manufacturing facility got classified as ‘Official Action Indicated’ (OAI) by the United States Food and Drug Administration (USFDA).
Go Digit: Shares of Go Digit General Insurance surged 7 percent to Rs 363 in the morning trade on July 19 after international brokerage Citi initiated coverage with a ‘buy’ call as it sees multiple levers of growth for the company.
Dalmia Bharat: Dalmia Bharat’s first quarter earnings left brokerages unimpressed, as revenue and net profit remained flat on-year. The cement maker’s consolidated revenue from operations was down 0.2 percent YoY at Rs 3,621 crore for the quarter ending June 30, 2024, compared to Rs 3,627 crore in Q1FY24. Also, the company stated its net profit increased 0.7 percent at Rs 145 crore in Q1FY25.
Adani Group of companies: Promoters raised their holdings in five Adani Group firms — Adani Energy Solutions Ltd, Adani Enterprises Ltd, Ambuja Cement Ltd, Adani Power Ltd, and Adani Green Energy Ltd – by pumping in a little over Rs 23,000 crore during the June quarter, as per the latest shareholding data.
Havells India: The company reported a consolidated net profit of Rs 411 crore, up 43 percent YoY on July 18, while there was a 20 percent YoY increase in revenue at Rs 5,798 crore in the June quarter. The earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter stood at Rs 576 crore, higher by 43 percent YoY.