The Sensex soared by 1,397.07 points, closing at 78,583.81, marking a significant increase of 1.81 percent. Concurrently, the Nifty also witnessed a substantial rise, climbing by 378.20 points to settle at 23,739.25, achieving a growth of 1.62 percent. This bullish trend was reflected across the board with a remarkable number of 2,426 shares advancing, overshadowing the 1,349 shares that declined, while 144 shares remained steady without any change.
Amidst this upward movement, it was observed that almost all sectoral indices, with the solitary exception of FMCG, experienced gains. Notably, sectors such as Nifty PSU Bank, Infra, Energy, and Oil & Gas were at the forefront, each securing a 2 percent increase. This surge underscores a broad market optimism, highlighting the robust performance of these sectors.
In addition, the Nifty Midcap index witnessed a notable uptick of 1.6 percent, while the Smallcap index also enjoyed growth, albeit at a slightly more modest pace of 1 percent. This indicates a healthy expansion across different market segments, suggesting widespread investor confidence.
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Feb 04, 2025, 3:42 pm IST
Mobikwik's Rs 55-Crore Loss in Q3
In a recent turn of events, One Mobikwik Systems reported a significant shift in its financial performance for the December quarter, marking a departure from profitability to a loss. Despite an increase in revenue, the digital payment company experienced a loss of Rs 55 crore for the third quarter ended December 31, 2024. This contrasts sharply with the net profit of Rs 5.2 crore recorded in the same quarter of the previous year.
The company witnessed an 18 percent surge in its revenue from operations, climbing to Rs 269 crore in the latest quarter, up from Rs 229 crore in the corresponding period the previous year. This growth was highlighted in a regulatory filing by One Mobikwik Systems Ltd on February 4. However, this revenue boost was not enough to keep the company in the black, as it reported an EBITDA (earnings before interest, taxes, depreciation, and amortization) loss of Rs 48 crore, a significant drop from the Rs 8 crore loss seen in the same quarter last year.
Adding to the financial strain, the company's total income saw a slight increase to Rs 274 crore compared to Rs 231 crore in the third quarter of fiscal year 24.
Feb 04, 2025, 2:59 pm IST
Asian Paints Reports 23.3% YoY Decline in Q3 Net Profit at ₹1,110.48 Crore
Asian Paints recently disclosed a decline in its consolidated net profit for the third quarter of the fiscal year, ending December (Q3FY25), marking a 23.3% drop to ₹1,110.48 crore compared to the previous year's ₹1,447.72 crore. Despite this year-on-year decrease, there was a sequential net profit increase of 60%. As of 14:22 IST, the company's shares saw a rise of 2.37%, reaching ₹2,348 each on the BSE.
The company's revenue from sales also saw a downturn, reporting ₹8,521.51 crore in the third quarter compared to ₹9,074.94 crore in the same quarter of the previous year, translating to a year-on-year decrease of 6.1%. However, there was a sequential growth in revenue by 6.5%. Asian Paints indicated a significant reduction in its PBDIT (Profit before depreciation, interest, tax, other income, and exceptional items), which fell by 20.4% to ₹1,636.7 crores from ₹2,056.1 crores. This decline led to a decrease in the PBDIT margin as a percentage of net sales to 19.2% from the previous year's 22.7%.
Feb 04, 2025, 1:29 pm IST
Godrej Properties Achieves Record Q3 Profit: A YoY Surge of 161%
Godrej Properties has reported a significant increase in its net profit for the third quarter, reaching Rs 162.6 crore. This marks a substantial rise compared to the Rs 62.3 crore recorded during the same period last year. The company's performance highlights its strong growth trajectory over the past year.
Revenue Growth and Market Performance
The company's revenue also saw an upward trend, contributing to its improved financial results. This growth can be attributed to various factors, including increased sales and strategic market positioning. Godrej Properties has been focusing on expanding its footprint in key markets, which has positively impacted its revenue streams.
Dredging Corporation of India Ltd. reported a 40.8% decline in net profit for the third quarter, amounting to ₹15.7 crore. This drop is significant compared to the same period last year. Despite this, the company experienced a 22% increase in revenue, reaching ₹303.5 crore.
Revenue Growth Amidst Profit Decline
The company's operating expenses rose by 31%, totalling ₹273 crore. This increase in costs has been a contributing factor to the reduced profit margins. The rise in expenses overshadowed the revenue growth, impacting overall profitability.
The earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at ₹63 crore for the quarter. This figure represents a slight improvement from the previous year's ₹61 crore, indicating some operational efficiency despite increased costs.
Feb 04, 2025, 11:53 am IST
Thomas Cook's Q3 Update: 40% Profit Fall Leads to Share Drop
Thomas Cook witnessed a drastic 12% fall in its share value following the announcement of its financial performance for the third quarter of the fiscal year 2025. This significant drop occurred after the company revealed that its net profit for Q3 had plummeted by nearly 40%, a stark contrast to its performance in the same period of the previous year.
Despite an 8.87% increase in sales reaching Rs 2,061.01 crore compared to Rs 1,893.13 crore in December 2023, Thomas Cook (India) Ltd struggled to maintain its profitability. By the end of December 2024, the company's net profit had drastically reduced to Rs 49.58 crore, down from Rs 82.39 crore in the corresponding quarter the year before. This decline of 39.82% indicates that the higher sales did not lead to increased profits, possibly due to rising costs or shrinking margins.
Feb 04, 2025, 11:35 am IST
Divi’s Laboratories share price
On Tuesday morning, Divi's Laboratories saw its shares surge by more than 5%, following the announcement of its earnings for the third quarter of the fiscal year 2024-25. This uptick in the stock market came in the wake of the company revealing a significant 64.5% year-over-year increase in its consolidated net profit for the three months ending December (Q3FY25), reaching ₹589 crore. This performance marks a notable improvement from the ₹358 crore profit recorded in the same period the previous year, and also represents a 15.5% sequential growth.
Feb 04, 2025, 11:10 am IST
China slaps 15% tariffs on US
China has announced new tariffs on a variety of US goods in response to recent US trade actions. The Chinese finance ministry stated that a 15% tariff will be applied to US coal and LNG, while an additional 10% tariff will target crude oil, farm equipment, and some automobiles. This move comes after the US imposed a 10% tariff on Chinese imports.
In addition to the tariffs, China is launching an anti-trust investigation into Google. The State Administration for Market Regulation revealed this probe shortly after the US announced its tariffs. This investigation appears to be a retaliatory measure against the US tech giant for alleged anti-competitive practices.
Feb 04, 2025, 10:27 am IST
Auto Ancillary Stocks Soar as Trump Delays Mexico Tariffs
shares of prominent auto ancillary companies like Sona BLW Ltd, Bharat Forge Ltd, and Samvardhana Motherson Ltd experienced a substantial increase, climbing as much as eight percent. This surge was a direct response to U.S. President Donald Trump's announcement to delay the imposition of tariffs on imports from Canada and Mexico for thirty days. This decision came after discussions with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum, who committed to bolstering border security measures with the U.S.
Feb 04, 2025, 10:15 am IST
Dr Agarwal's Health share listing
Dr. Agarwal's Health Care Ltd. had a lackluster start in the stock market, opening at ₹396.90 on the Bombay Stock Exchange (BSE), which was slightly below its initial public offering (IPO) price of ₹402. This represented a minor decrease of about 1.2% from the initial offering price, indicating a subdued investor reaction upon its market debut. In contrast, the shares managed to open at their IPO price of ₹402 on the National Stock Exchange (NSE), aligning exactly with the public offering price.
Feb 04, 2025, 9:55 am IST
CreditAccess Grameen Shares In Focus
The largest Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI) in the nation, CreditAccess Grameen Limited, declared that the International Finance Corporation (IFC) has approved a USD 50 million investment for the company.The IFC's investment will contribute to improving microentrepreneurs' access to finance, with a focus on women borrowers involved in agribusiness and agriculture. Over the course of the initiative, the funding will assist CA Grameen in reaching an extra 3–4 million women borrowers.
Feb 04, 2025, 9:32 am IST
Opening Bell
Following yesterday's global sell-off in equity markets, the Indian stock market began the day on a positive note. While the Sensex gained more than 500 points in the initial session, the Nifty started at over 23,500. In the early hours of today, there was a lot of pressure on Asian markets.
Feb 04, 2025, 9:29 am IST
Rupee Vs Dollar
Compared to Friday's wrap up of 87.19, the Indian rupee began Tuesday 16 paise higher at 87.03 per dollar.
Feb 04, 2025, 9:25 am IST
Stock Market Outlook By Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
After the global sell off in equity markets yesterday, there are positive signals today. The decision taken by Trump to temporarily freeze the tariffs on Mexico and Canada and start negotiations is a clear indication of President Trump’s strategy: That is, impose tariffs and then negotiate and strike a deal. The same strategy is likely to be tried with China, too. It is important to understand that a full blown trade war will be damaging for the US,too.
The decline in the dollar index to 108 is a positive development. Emboldened by the excellent Budget, investors, especially DIIs, are likely to step up investment, particularly in discretionary consumption segments. Cars, scooters, motorcycles, white goods like air conditioners and washing machines, jewellery, hotels and food delivery businesses are the segments that will benefit from the Budget and, therefore, these are the segments to focus on.
We had started yesterday with expectation of expecting, as momentum had slowed down. But, despite multiple downside attempts, the downside marker placed at 23190 stayed intact, encouraging us not to switch sides yet. This would mean that we are still okay with playing the 23700-840 objectives, but we expect 23440 to resist, while inability to float above 23320 could take away the upside momentum.
Feb 04, 2025, 8:45 am IST
Market Outlook Today By Rajesh Bhosale, Technical Analyst, Angel One Ltd - Angel One
Despite the anticipation surrounding the budget session, there’s a minimal impact on Nifty's price action. As the week progresses, we still have some important domestic events ahead, including the MPC outcome and the Delhi state elections. Traders seem to be awaiting clarity from these events, but till then, we could see some choppy moves within a defined range for the key indices. In terms of levels, the day's low around 23200 acts as immediate support, with a potential downside to 23100-23000 if breached. On the upside, resistance is seen in the 23500-23600 range. For the next few sessions, we expect the index to trade within this range, with a potential breakout direction emerging once the range is breached. While the indices may consolidate, individual stocks could remain active. Traders are advised to focus on stock-specific action and avoid aggressive overnight positions, as morning gaps may continue to be influenced by volatile global cues.
Feb 04, 2025, 8:43 am IST
Stock Market Live Updates: Markets On The Previous Day
“Indian equity markets closed lower as investors reacted cautiously to US President Donald Trump's tariff impositions on Canada, Mexico, and China. The BSE Sensex fell by 319.22 points (-0.41%) to 77,186.74, while the NSE Nifty50 dropped 121.10 points (-0.52%) to 23,361.05. Sectoral indices were mixed, with Nifty Oil & Gas, FMCG, and PSU Banks taking a hit, while Nifty IT, Auto, Pharma, and Healthcare saw modest gains. Among individual stocks, losses were led by Larsen & Toubro, Tata Consumer, and Hero MotoCorp, while Bajaj Finance, Shriram Finance, and Mahindra & Mahindra gained. Broader markets also struggled, with the Nifty Smallcap100 and Midcap100 indices down by 2.13% and 0.93%, respectively. The overall sentiment was cautious, driven by concerns over trade tensions and their potential impact on the global economy” Centrum Institutional Research
Feb 04, 2025, 8:41 am IST
All Focus On Sensex, Nifty For Market Direction
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