Top 5 stocks of the day: Coal India, Eicher Motors, Hindalco Industries, Mahindra and Mahindra and BPCL are the top gainers on the Nifty. With the exception of the PSU Bank and Realty indices, every sector concluded the transaction in the negative. The Nifty IT and Nifty Consumer Durables indices took the most fall. Aurobindo Pharma, DB Realty, Canara Bank, Federal Bank, and many other companies hit 52-week highs. However, Orient Bell’s stock fell to a 52-week low.
Sensex and NSE Nifty50
The Nifty was down 82.00 points, or 0.42 percent, at 19,443.50, while the Sensex was down 325.58 points, or 0.50 percent, at 64,933.87. Approximately 1659 shares rose, 2043 shares fell, and 132 shares were constant. Bajaj Finance, Infosys, Tech Mahindra, and ICICI Bank are a few of the top Sensex losses.
Top 5 stocks of the day
|Name of companies||Change||Volume|
Bajaj Healthcare’s profit goes down
The company’s revenue from continuing operations decreased by 48.18% in Q2 FY24 compared to Q2 of the previous year, mostly because of the general slow demand in both local and international markets during the first half of the year. However, the quarter’s sales mix improved the EBITDA margin to 18.72% from 17.63% as a result of the focus on higher margin products. The Q2 FY24 net profit margin decreased from 10.89% in Q2 FY23 to 5.00% in Q2 FY24, primarily as a result of reduced sales revenues and finance and depreciation. The net profit from continuing operations was Rs. 51.24 million.
Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)