Previous closing (5 February 2021)
Nifty50: 14,924 β²28 (+0.1%)
Sensex: 50,731 β²117 (+0.2%)
Nifty Bank:Β 35,654Β β²309 (+0.8%)
In the news
Britanniaβs Q3 beats estimates
- The FMCG major recorded aΒ 22% YoY rise in net profitsΒ to βΉ452 crore in Q3, beating street estimates of βΉ424 crore. Revenues rose 6% to βΉ3,165 crore, buoyed by rural demand and recovery in urban consumption.
- The company saw moderately rising input costs. However, palm oil prices rose significantly. Its stock has been witnessing range-bound movement for over six months now.Β
Diviβs Labs posts strong Q3
- The Hyderabad-based pharma company posted aΒ 22% YoY increase in Q3 revenues, which stood at βΉ1,701 crore. Profit for the quarter rose 31% to βΉ470 crore, in line with street expectations.Β
- Its management is optimistic about growth over the coming quarters and was confident of maintaining margins, going forward. The stock has risen 13.3% in February, so far.Β
BHELβs losses narrow sequentially
- Power generation equipment maker BHEL reported a consolidated loss ofΒ βΉ217 croreversus a profit of βΉ162 crore last year. Its revenues dropped by 21.6% YoY to βΉ4,451 crore.Β
- Sequentially, however, the loss has narrowed from βΉ552 crore in Q2. Further, the company has an order book of over βΉ1 lakh crore, which is five times its FY20 sales. Its stock has jumped nearly 20% so far in this month, supported by an increase in volumes.Β
IRCTC starts bus-ticket booking
- The new service allows travellers to book bus tickets in addition to train and flight bookingsΒ via the IRCTC website. However, integration into the mobile app will happen by the first week of March 2021. The service is a bid to enable last-mile connectivity for travellers using IRCTCβs booking services.Β
- IRCTC clocked a revenue ofΒ βΉ245 croreΒ in the Q3, down 66% YoY. Profit after tax too nosedived 62% YoY to βΉ78 crore on account of Covid-restrictions. The results notwithstanding, the stock has risen 6.7% in February.
Sectoral indices (Previous closing)
| Top gainers | Top losers |
| Nifty PSU Bank β² 3.6% | Nifty Media βΌ 4.4% |
| Nifty Bank β² 1.6% | Nifty Auto βΌ 1.3% |
Global markets (at 8:30 am today)
| Indices | Today’s movement |
| Nikkei 225 (Japan) | β² 2.0% |
| Hang Seng (Hong Kong) | β² 0.8% |
| SSE Composite (China) | β² 0.3% |
| Dow Jones (US) (5 Feb) | β² 0.3% |
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