February 20, 2024

January 23, 2024 / 04:15 PM IST

The market prolonged earlier periods losses on widespread promoting as banks got here underneath stress but once more with HDFC Financial institution main the autumn. But it surely was Zee that hogged the headlines, tanking 30 p.c. The Sensex closed 1,053.10 factors, or 1.47 p.c, down at 70,370.55, and the Nifty ended 333 factors, or 1.54 p.c, decrease at 21,238.80. About 1,017 shares superior, 2,771 declined and 133 have been unchanged.

Zee Leisure | CMP Rs 160.9 | Zee Leisure fell greater than 30.47 p.c because it hit a sequence of decrease circuits after Japan’s Sony Photos’ Indian arm scrapped its $10-billion merger with the Indian media big. A variety of brokerages additionally downgraded the inventory.

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VST Industries | CMP Rs 3,499.85 | VST Industries fell 3.74 p.c after the corporate’s web revenue tanked 32 p.c YoY within the December quarter to Rs 53.72 crore. Its revenues grew 6 p.c YoY to Rs 468.42 crore.

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Finolex Industries | CMP Rs 224.9 | The inventory fell 3.91 p.c after the corporate’s Q3 outcomes upset the markets. Its web revenue grew 24 p.c YoY to Rs 89.21 crore and gross sales income fell 9.3 p.c to Rs 1,019.69 crore within the quarter.

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Kotak Mahindra Financial institution | CMP Rs 1,783.85 | The inventory fell 1.27 p.c after the financial institution’s Q3 outcomes missed market estimates. The financial institution reported lower-than-expected 7.6 p.c enhance in web revenue at Rs 3,005 crore for the December quarter. The market had pegged web revenue at Rs 3,243 crore.

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Oberoi Realty | CMP Rs 1,367 | Shares of Oberoi Realty slumped 9.12 p.c after the true property developer’s web revenue declined 49 p.c to Rs 360 crore within the December quarter. Income fell 35.3 p.c to Rs 1,054 crore.

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Cipla | CMP Rs 1,407.95 | The inventory jumped 6.97 p.c after the corporate reported sturdy efficiency in Q3. Web revenue grew 32.7 p.c to Rs 1049 crore. Income additionally went up by 14.2 p.c to Rs 6,544 crore.

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Persistent Programs | CMP Rs 8,280.05 | Shares of Persistent Programs surged 4.53 p.c after reporting wholesome Q3 earnings. The corporate reported a 20 p.c progress in web revenue at Rs 286.1 crore. This progress was delivered by a powerful order guide, the corporate stated.

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Hero Motocorp | CMP Rs 4432.85 | Hero Motocorp gained 3 p.c intraday after the corporate introduced the launch of two new bikes, the Xtreme 125R and a particular collector’s version Hero Ceaselessly for its fortieth anniversary. The inventory pared a number of the beneficial properties to shut 0.71 p.c greater.

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ICICI Financial institution | CMP Rs 1,027.9 | Shares of ICICI Financial institution surged 1.9 p.c, persevering with the profitable streak for the second consecutive session after the personal lender reported a 23.5 p.c enhance in web revenue at Rs 10,271.54 crore in Q3.

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Elecon Engineering | CMP Rs 1,010.1 | Shares of Elecon Engineering fell 6.11 p.c regardless of the corporate profitable a Rs 82-crore venture from ArcelorMittal Nippon Metal India. The contract is to be executed in 10 months.