Yesterday Market Updates 26/4/2021

By Prarit

HCL Tech reports weak quarter The IT major reported a 72% sequential decline in net profit, impacted by a one-time bonus to employees and higher taxes. Its revenues grew 1.8% QoQ to ₹19,642 crores. The revenue growth was lower than that of its competitors, which witnessed a growth of  2–4%. Last week, HCL Tech’s stock fell…

Market Recap From last day (8-4-2021)

By Prarit

Nifty50: 14,819 ▲ 135 (+0.9%)Sensex: 49,661 ▲ 460 (+0.9%)Nifty Bank: 32,991 ▲ 489 (+1.5%) In the news Godrej Consumer sees stable growth in Q4 For Q4, Godrej Consumer estimates a 30% YoY growth in its India business. The company cited price hikes along with strong volume growth across its household insecticides, soaps, and hair color segments for its performance.  According to the company,…

Market Updates from 7-April-2021

By Prarit

Nifty50: 14,683 ▲ 45 (+0.3%)Sensex: 49,201 ▲ 42 (+0.0%)Nifty Bank: 32,501 ▼ -177 (-0.5%) Tata Steel reports sales growth in Q4  Tata Steel’s India business recorded sales of 4.67 million tons in Q4FY21, a 16% YoY improvement. Meanwhile, its European business grew 4%.  On a full-year basis, the company achieved its highest-ever sales volume. Its shares were down 0.7% on Tuesday but have…

Stock Market Latest Updates- 23-March-2021

By Prarit

Nifty50: 14,736 ▼ 7 (-0.0%) Sensex: 49,771 ▼ 86 (-0.1%) Nifty Bank: 33,603 ▼ 558 (-1.6%) Maruti Suzuki to hike prices from April The country’s largest carmaker will raise the prices of its cars on 1 April. Although the company hasn’t announced the quantum of the price hike, it stated increasing input costs as the prime reason for the decision. Reports suggest that other automakers are likely…

Closing of the last day

By Prarit

Nifty50: 15,245 ▲ 326 (+2.1%)  Sensex: 51,444 ▲ 1,147 (+2.2%) Nifty Bank: 36,368 ▲ 948 (2.6%) In the news Adani Port buys stake in Gangavaram Port The Adani Group company has acquired a 31.5% stake in the Vishakhapatnam-based Gangavaram Port (GP) for ₹1,954 crore. It is also in discussions to acquire an additional 58.1% stake from the promoters.  GP is a debt-free…

The Dark Horses & Valuation

By Prarit

The dark horses Among other sectors, metals and infrastructure may emerge as dark horses. “With steel and aluminium prices rising, the integrated players will perform well. IT, pharma and chemicals will continuing doing well, but infrastructure and metal names will surely give decent returns in 2021,” says Jain. Even as the BSE Midcap index is…