Stock Market Today: The Sensex rose 576.04 points, or 0.80 percent, to 72,221.34, while the Nifty advanced 172.50 points, or 0.80 percent, to 21,870 just after the day interim budget passed . About 1928 shares rose, 422 fell, and 73 remained constant. On February 2, Indian markets opened well, with the Nifty trading above 21,800. The Nifty saw big gains from Adani Ports, BPCL, ICICI Bank, Hero MotoCorp, and SBI Life Insurance, while Eicher Motors, L&T, Power Grid Corporation, Maruti Suzuki, and Britannia Industries suffered losses.
Stock Market Today: Stocks in focus
Bata India
The largest footwear company’s net profit for the October-December period of FY24 was Rs 57.3 crore, a 31% drop from the previous year, owing to a lukewarm topline and lacklustre operating metrics. Despite low demand, operating revenue increased by 0.4 percent year on year to Rs 903.5 crore in the quarter. The board members have approved Bata’s plan to monetize its 11.54-acre freehold industrial estate in Faridabad.
Hero MotoCorp
In January 2024, the world’s largest two-wheeler manufacturer reported overall sales of 4,33,598 units, a 21.6 percent increase over the previous year, with domestic sales up 20.5 percent to 4.2 lakh units and exports up 74.6 percent to 12,664 units for the quarter.
Ashok Leyland
The country’s second-largest commercial vehicle manufacturer sold 15,939 units in January 2024, decreasing 7 percent from 17,200 units sold the previous year. Its overall medium and heavy commercial vehicle sales declined 8% year on year to 10,218 units.
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