Post Market
Indian benchmark indices ended higher for the third consecutive session on April 21, supported by broad-based buying across sectors, as reports of a second round of talks between the U.S. and Iran boosted hopes of a resolution to the ongoing conflict.
Among all sectoral indices ended in the green with FMCG and Realty up 2% each, while bank, telecom up 1% each.
Broader indices also ended higher with Nifty Midcap index up 0.5 percent and smallcap index rose nearly 1 percent
STOCKS IN NEWS
Nestle India
Nestle India shares rise over 8% due to company posted a 26% increase in quarterly profit on Tuesday, benefiting from strong demand for packaged foods, including KitKat chocolates and Maggi instant noodles
PNB Housing Finance
The stock of PNB Housing Finance rose almost 8% on Tuesday because Profit grows 14.4% to Rs 648.7 crore Vs Rs 567.1 crore
Net interest income rises 8.2% to Rs 796 crore Vs Rs 735.8 crore
Board recommends final dividend of Rs 8 per share for FY26.
Nelco
Nelco Limited, a Tata group company stock soar after announcing strong quarterly earnings with turning profitable in March quarter by posting net profit of Rs 1.09 crore, while revenue soared 17.3% to Rs 79.2 crore, YoY.
Gokaldas Exports
The stocks of Gokaldas Exports rose over 7% on April,21 after the launch of a refund system for businesses that paid tariffs which the US Supreme Court ruled President Donald Trump imposed without the constitutional authority to do so.
Source – Moneycontrol
