Previous closing (5 February 2021)
Nifty50: 14,924 โฒ28 (+0.1%)
Sensex: 50,731 โฒ117 (+0.2%)
Nifty Bank:ย 35,654ย โฒ309 (+0.8%)
In the news
Britanniaโs Q3 beats estimates
- The FMCG major recorded aย 22% YoY rise in net profitsย to โน452 crore in Q3, beating street estimates of โน424 crore. Revenues rose 6% to โน3,165 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.ย
Diviโs Labs posts strong Q3
- The Hyderabad-based pharma company posted aย 22% YoY increase in Q3 revenues, which stood at โน1,701 crore. Profit for the quarter rose 31% to โน470 crore, in line with street expectations.ย
- 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.ย
BHELโs losses narrow sequentially
- Power generation equipment maker BHEL reported a consolidated loss ofย โน217 croreversus a profit of โน162 crore last year. Its revenues dropped by 21.6% YoY to โน4,451 crore.ย
- Sequentially, however, the loss has narrowed from โน552 crore in Q2. Further, the company has an order book of over โน1 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.ย
IRCTC starts bus-ticket booking
- The new service allows travellers to book bus tickets in addition to train and flight bookingsย 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 IRCTCโs booking services.ย
- IRCTC clocked a revenue ofย โน245 croreย in the Q3, down 66% YoY. Profit after tax too nosedived 62% YoY to โน78 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 โฒ 3.6% | Nifty Media โผ 4.4% |
| Nifty Bank โฒ 1.6% | Nifty Auto โผ 1.3% |
Global markets (at 8:30 am today)
| Indices | Today’s movement |
| Nikkei 225 (Japan) | โฒ 2.0% |
| Hang Seng (Hong Kong) | โฒ 0.8% |
| SSE Composite (China) | โฒ 0.3% |
| Dow Jones (US) (5 Feb) | โฒ 0.3% |
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