{"id":27114,"date":"2023-02-03T15:53:50","date_gmt":"2023-02-03T10:23:50","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=27114"},"modified":"2023-02-03T16:16:46","modified_gmt":"2023-02-03T10:46:46","slug":"post-market-report-sensex-nifty-end-over-1-higher-as-bank-shares-soar-adani-group-bank-of-baroda-divis-labs-in-news","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/post-market-report-sensex-nifty-end-over-1-higher-as-bank-shares-soar-adani-group-bank-of-baroda-divis-labs-in-news\/","title":{"rendered":"Post Market Report: Sensex, Nifty end over 1% higher as bank shares soar; Adani Group, Bank of Baroda, Divi&#8217;s Labs in news"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"27114\" class=\"elementor elementor-27114\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-22adfaaa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"22adfaaa\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-58dd63d6\" data-id=\"58dd63d6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3fc20af4 elementor-widget elementor-widget-text-editor\" data-id=\"3fc20af4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Benchmark stock indices ended in the green, aided by strong gains in financial services, banks and auto shares. The Sensex gained 1.52% and the Nifty 50 index closed 1.38% higher.<\/p><p>In broad markets, Nifty Midcap 100 index fell 0.18%, while BSE Smallcap was down 0.47%.<\/p><p>Top gainers were PSU Bank [3.07%], Financial Services [2.36%], Bank [2.04%], Private Bank [1.64%], and Auto [1.25%]. Top losers Energy [-1.03%], Pharma [-0.99%], Oil &amp; Gas [-0.89%], Realty [-0.82%] and Media [-0.44%].<\/p><p>Indian rupee rose 34 paise to 81.83 against the US dollar on Friday.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7554db0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7554db0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-748c16a6\" data-id=\"748c16a6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-74ec588e elementor-widget elementor-widget-image\" data-id=\"74ec588e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/elementor\/thumbs\/daily-update-2-q1m2kwhb7oyi221pmnynfml6hnastxme0i201oqve8.jpg\" title=\"daily update\" alt=\"daily update\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7c3d0ef9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7c3d0ef9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cad3b2f\" data-id=\"cad3b2f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-44b6e03d elementor-widget elementor-widget-heading\" data-id=\"44b6e03d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Stock in News Today<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-500c4e57 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"500c4e57\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-53faf536\" data-id=\"53faf536\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7217f328 elementor-widget elementor-widget-text-editor\" data-id=\"7217f328\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Adani Group<\/strong>: Shares of some Adani Group companies steadied in the second half of today&#8217;s session after stock exchanges placed Adani Enterprises, Adani Ports and Ambuja Cements under the short-term additional surveillance measure (ASM) framework. Adani Ports shares closed 7.87% higher and Adani Enterprises rebounded significantly recouping most of the morning losses and closed 1.38% higher. Earlier, it was reported that Adani Enterprises shares will be removed from the Dow Jones Sustainability Indices. Ambuja Cements and ACC shares also ended in the green.<\/p>\n<p><strong>Bank of Baroda<\/strong>: Shares of the state-owned lender rose 6.2% after it reported a standalone net profit of Rs 3,853 crore for the third quarter ended December 2022 (Q3 FY23), up by over 75% from the year ago quarter of Rs 2,197 crore. Its net interest income (NII) grew over 26% to Rs 10,818 crore as compared to Rs 8,552 crore year-on-year (YoY). Net Interest Margin (NIM) stands at 3.37% in the October-December period, increase of 24 basis points YoY for the quarter. Its net NPA stood at 0.99% as against 1.16% QoQ.<\/p>\n<p><strong>Divi\u2019s Labs<\/strong>: The company said its net profit slumped 66% to Rs 306.8 crore in Q3FY23 from Rs 902.2 crore in Q3FY22. The revenue also fell 31.5% to Rs 1707.7 crore in Q3FY23 from Rs 2493.3 crore in Q3FY22. Its EBITDA tanked 62.8% to Rs 408.2 crore in the reported quarter as against Rs 1098 crore in the year-ago period. Shares plunged 11.71% on Friday.<\/p>\n<p><strong>TVS Motor Company<\/strong>: The company&#8217;s wholly-owned subsidiary, TVS Motor (Singapore), has entered into an agreement to acquire shares of ION Mobility to support in electric two-wheeler markets of Singapore and Indonesia. TVS will subscribe 3,144,198 series AA shares of ION Mobility with aggregate investment of $95,00,000. The proposed investment is expected to be completed within 30 days. It will enable the company to drive the premium electric ecosystem in South-east Asia.<\/p>\n<p><strong>Max Ventures and Industries:<\/strong> The company\u2019s net profit declined 87.70% to Rs 4.02 crore in the quarter ended December 2022 as against Rs 32.69 crore during the quarter ended December 2021. Sales declined 23.39% to Rs 29.28 crore in the quarter ended December 2022 as against Rs 38.22 crore during the quarter ended December 2021.<\/p>\n<p><strong>TeamLease Services:<\/strong> Shares of the company rose 3.57% after the company&#8217;s board approved buyback worth up to Rs 100 crore at a price of Rs 3,050 each through tender offer route. The buyback price is fixed at Rs 3,050 per share, representing a premium of 35.74% to Thursday&#8217;s closing price on the BSE. The indicative maximum number of equity shares to be bought back under the buyback would be 3,27,869 equity shares, representing 1.92% of paid-up equity shares of the company. As on 27 January 2023, promoters and promoter group held 31.51% in the company.<\/p>\n<p><strong>Zydus Lifesciences<\/strong>: The company reported a 11.7% increase in its net profit at Rs 548 in Q3FY23 from Rs 490.6 crore in Q3FY22. Its revenue was up 19.8% to Rs 4362 crore in Q3FY23 from Rs 3639.8 crore in Q3FY22. The EBITDA advanced 27.2% to Rs 955.7 crore in the reported quarter from Rs 752.5 crore in the same period last fiscal.<\/p>\n<p><strong>Borosil<\/strong>: The company\u2019s net profit 6% to Rs 23.3 crore in Q3FY23 from Rs 24.8 crore in Q3FY22. Its revenue rose 7.9% YoY to Rs 280.6 crore in the reported quarer as against Rs 260 crore in the year-ago period. EBITDA was down 45.1% to Rs 21.3 crore in the quarter under review from Rs 38.8 crore in the corresponding quarter last fiscal.<\/p>\n<p><strong>Jubilant Pharmova<\/strong>: The company reported a net loss at Rs 15.67 crore in Q3FY23 compared with Rs 50.9 crore in Q3FY22. It revenue was up 18.5% YoY at Rs 1,552.5 crore in Q3FY23 as against Rs 1,310.5 crore in Q3FY22. EBITDA slumped 24.9% to Rs 145.9 crore in the reported quarter from Rs 194.2 crore in the year-ago period.<\/p>\n<p><strong>India Cements<\/strong>: The company reported a standalone net profit at Rs 90.7 crore in Q3FY23 as against Rs 3.3 crore in Q3FY22. The company\u2019s revenue was up 10% at Rs 1,219.5 crore in the reported quarter as against Rs 1,108.5 crore in the year-ago period. EBITDA loss at Rs 69.5 crore vs EBITDA of Rs 104 crore (YoY).<\/p>\n<p><strong>Birlasoft<\/strong>: The company reported a consolidated net loss of Rs 16.36 crore in Q3FY23 as against net profit of Rs 115.05 crore in Q2FY23. Revenue from operations rose 2.5% QoQ and 14% YoY to Rs 1,221.89 crore in the quarter ended December 2022. EBITDA (excluding one-time provision) stood at Rs 158.4 crore in quarter ended December 2022, registering a decline of 10.2% QoQ and 2.7% YoY.<\/p>\n<p><strong>Inox Green Energy Services<\/strong>: The company has entered into a definitive investment agreement with I-Fox Windtechnik India, an Independent O&amp;M Wind Service Provider (target company), to acquire a majority stake in share capital of the target company. The target company has a fleet of 230+MW majorly operating in South India.<\/p>\n<p><strong>Dredging Corporation of India<\/strong>: The company said that it has signed an agreement with lnland Waterways Authority of India (IWAI) under the Ministry of Ports, Shipping and Waterways, Government of lndia, for a project worth Rs 204.5 crore. The project involves development &amp; maintenance of fairway width of 32 m and depth of 2 m \/ 2.5 m for 5 years in various national waterways in North-Eastern Region by undertaking required dredging, bandalling, channel marking, river training etc. to ensure safe navigation of vessels.<\/p>\n<p><strong>Kansai Nerolac<\/strong>: The company said its net profit fell 14.2% to Rs 109.9 crore in Q3FY23 from Rs 128 crore in the year-ago period. Its revenue inched up 1% to Rs 1,827 crore in Q3FY23 from Rs 1,810 crore in Q3FY22. EBITDA was down 7.8% to Rs 195.5 crore in Q3FY23 from Rs 212.1 crore in Q3FY22.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-110856eb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"110856eb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4c93fd1d\" data-id=\"4c93fd1d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3b046d0d elementor-align-center elementor-widget elementor-widget-button\" data-id=\"3b046d0d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/ekyc.flattrade.in\/openaccount\/?utm_source=Blog&#038;utm_medium=organic&#038;utm_campaign=Demat+Account\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Open a Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"Benchmark stock indices ended in the green, aided by strong gains in financial services, banks and auto shares.&hellip;","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[44],"tags":[46,43,95,78,139,48,26,77,47,24,23,84,21],"class_list":{"0":"post-27114","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-eveninger","7":"tag-market-news","8":"tag-market-update","9":"tag-markets","10":"tag-nifty","11":"tag-nifty-futures","12":"tag-nifty-today","13":"tag-nse","14":"tag-sensex","15":"tag-sensex-today","16":"tag-share-market","17":"tag-stock-market","18":"tag-stocks","19":"tag-trading-account","20":"cs-entry","21":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Post Market Report: Sensex, Nifty end over 1% higher as bank shares soar; Adani Group, Bank of Baroda, Divi&#039;s Labs in news - Flattrade Kosh<\/title>\n<meta name=\"description\" content=\"Benchmark stock indices ended in the green, aided by strong gains in financial services, banks and auto shares. 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