Subscription Form
Twitter Feed
13 Following
4 Followers
WhatsApp have over 2 billion users across world and 100 millions of messages transfer between them This app brings… https://t.co/AwUEwCGV5u
51 days ago
Nokia Tablet T20 is out here all you want to know https://t.co/NNopE5et2j
62 days ago
Students can login to KCET official website and check their results. https://t.co/Ks8HdRjsyz
78 days ago
ccording to stock market records, Bofa Securities and Rakesh Jhunjhunwala's Rare Enterprises purchased shares in Ze… https://t.co/TtyMNMDhIf
84 days ago
WATCH LIVE
Follow
Twitter Feed
13 Following
4 Followers
WhatsApp have over 2 billion users across world and 100 millions of messages transfer between them This app brings… https://t.co/AwUEwCGV5u
51 days ago
Nokia Tablet T20 is out here all you want to know https://t.co/NNopE5et2j
62 days ago
Students can login to KCET official website and check their results. https://t.co/Ks8HdRjsyz
78 days ago
ccording to stock market records, Bofa Securities and Rakesh Jhunjhunwala's Rare Enterprises purchased shares in Ze… https://t.co/TtyMNMDhIf
84 days ago

Market update for 8 February 2021

Previous closing (5 February 2021)

Nifty50: 14,924 β–²28 (+0.1%)

Sensex: 50,731 β–²117 (+0.2%)

Nifty Bank:Β 35,654Β β–²309 (+0.8%)

Stock, Trading, Monitor, Business

In the news

Britannia’s Q3 beats estimates 

  • The FMCG major recorded aΒ 22% YoY rise in net profitsΒ to β‚Ή452 crore in Q3, beating street estimates of β‚Ή424 crore. Revenues rose 6% to β‚Ή3,165 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 

Divi’s Labs posts strong Q3 

  • The Hyderabad-based pharma company posted aΒ 22% YoY increase in Q3 revenues, which stood at β‚Ή1,701 crore. Profit for the quarter rose 31% to β‚Ή470 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 

BHEL’s losses narrow sequentially

  • Power generation equipment maker BHEL reported a consolidated loss ofΒ β‚Ή217 croreversus a profit of β‚Ή162 crore last year. Its revenues dropped by 21.6% YoY to β‚Ή4,451 crore.Β 
  • Sequentially, however, the loss has narrowed from β‚Ή552 crore in Q2. Further, the company has an order book of over β‚Ή1 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 IRCTC’s booking services.Β 
  • IRCTC clocked a revenue ofΒ β‚Ή245 croreΒ in the Q3, down 66% YoY. Profit after tax too nosedived 62% YoY to β‚Ή78 crore on account of Covid-restrictions. The results notwithstanding, the stock has risen 6.7% in February.

Sectoral indices (Previous closing)

Top gainersTop losers
Nifty PSU Bank
β–² 3.6%
Nifty Media
β–Ό 4.4%
Nifty Bank
β–² 1.6%
Nifty Auto
β–Ό 1.3%

Global markets (at 8:30 am today)

IndicesToday’s movement
Nikkei 225 (Japan)β–² 2.0%
Hang Seng (Hong Kong)β–² 0.8%
SSE Composite (China)β–² 0.3%
Dow Jones (US)
(5 Feb)
β–² 0.3%

THANK YOU FOR READING …. SHARE YOUR LOVE……

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Article

HIGHLIGHTS OF UNION BUDGET 2021

Next Article

Pogaru movie details with updates

Related Posts
Translate Β»
Total
0
Share