POST MARKET
Indian benchmark indices erased most of the previous session’s gains and ended on a weak note on May 5, with the Nifty managing to close above the 24,000 mark amid a mixed trend across sectors.
On the sectoral front, auto, FMCG, power, pharma, and telecom indices edged higher by around 0.5% each, while the realty index declined 1.4%, consumer durable down 1% and the private banking index slipped 0.5%.
Broader markets outperformed the benchmark, with the Nifty midcap and smallcap indices ending with marginal gains.
STOCKS IN NEWS
Emcure Pharma
Shares of Emcure Pharmaceuticals declined 5.81 percent in Tuesday’s trade after the company reported its March quarter earnings, with profit booking weighing on the stock.
Titagarh Rail Systems
Titagarh Rail shares rise more than 9% as firm sees growth, bullet train opportunities in West Bengal amid BJP’s win, raising hopes of faster infrastructure development and stronger policy alignment in the state.
Ambuja Cements
Ambuja Cements stock falls 2.5% after Q4; weak EBITDA, margin pressure weigh despite tax-led profit boost. The decline comes after the company reported a miss on operational metrics. EBITDA fell and margins contracted sharply during the quarter, reflecting higher fuel, freight and other input costs. EBITDA per tonne also remained weak, indicating pressure on profitability at the unit level.
Mahindra And Mahindra
Stocks of M&M rose by 3.68 percent reason behind Mahindra & Mahindra Ltd reported a 42 percent year-on-year jump in consolidated net profit at Rs 4,668 crore for the fourth quarter of FY26, compared with Rs 3,295 crore in the year-ago period. Consolidated revenue for the quarter grew 29 percent on-year to Rs 54,982 crore from Rs 42,599 crore a year earlier.
Source – Moneycontrol
