May 22, 2025, 2:06 pm IST
Stock Market Live: Strides Pharma Reports Rs 85.6 Crore Profit in Q4, Stock Up 2.4%
Stock Market Live: Strides Pharma on Thursday reported Rs 85.6 crore net profit in the fourth quarter of financial year 2024-25. Company's consolidated revenue increased 14% at Rs 1190 crore. Whereas, its EBIDA was up 6.5% YoY to Rs 1190 crore. The company scrip was trading 2.5% higher at Rs 712 per share on BSE on Thursday at 2 pm.
May 22, 2025, 1:40 pm IST
Market Live Updates: Aditya Birla Fashion Stock Nosedives 67%
Aditya Birla Fashion & Retail share price nosedived by at least 67% on BSE, to hit an intraday low of Rs 88.80 apiece. Aditya Birla's performance comes amidst its demerger of retail and lifestyle business in a spin-off.
May 22, 2025, 12:52 pm IST
Stock Market Live: Nifty Bank Down 0.8%
Stock Market Live: After weeks of sustained rally, Nifty Bank is currently in its consolidation trajectory. The sectoral index was down 0.8% to 54,616.75 points on Thursday at 12:52 pm
May 22, 2025, 12:09 pm IST
Stock Market Live: ITC Stocks Under Pressure Ahead of Q4 Result
Stock Market Live: Shares of FMCG giant, ITC remained under pressure on Thursday ahead of the q4 results announcement by the company today. The company scrip was trading 1.93% lower at Rs 424.6 per share on BSE on Thursday at 12 pm.
May 22, 2025, 12:05 pm IST
Result Update: Oil India | Earnings Miss On Higher Opex; Despite Better Crude Volume And Realisation
“Oil India’s 4QFY25 standalone EBITDA at INR 21.3bn was lower than JMFe/consensus of INR 24.8bn/ INR 22.7bn due to: a) higher other expense at INR 8.4bn (vs JMFe and historical average run-rate of ~INR 5bn); b) higher contract cost at INR 6.1bn (vs JMFe of INR 4.8bn and INR 5.1bn in 3QFY25). This is despite crude sales volume was 4% above JMFe (though production in-line) and crude realisation also tad higher. NRL’s 4QFY25 GRM was strong at USD 9.3/bbl (before excise duty benefit), resulted in significantly higher EBITDA at INR 10bn. Consolidated EBITDA was also lower at INR 28.6bn in 4QFY25 (vs INR 28.1bn in 3QFY25) despite higher EBITDA from NRL. Consolidated FY25 EPS is INR 40.3/share. We maintain BUY (unchanged TP of INR 500) based on our Brent crude price assumption of USD 70/bbl (while CMP is discounting ~USD 60/bbl of net crude realisation). Further, Oil India’s earnings is likely to grow at a robust ~16% CAGR over the next 3-5 years driven by: a) sharp 20-30% output growth in next 2-3 years aided by commissioning of Indradhanush gas pipeline; and b) expansion of NRL refinery from 3mmtpa to 9mmtpa. At CMP, Oil India trades at 6.3x FY27E EPS and 1.1x FY27E BV,” said Dayanand Mittal of JM Financial Institutional Securities Limited.
May 22, 2025, 11:40 am IST
Nifty Outlook Today By Anand James, Chief Market Strategist, Geojit Investments Limited.
The bounce back evolved on anticipated lines yesterday, but with no follow through momentum. The rejection trades that restrained Nifty from clearing previous day's peak, ended up forming a green hammer, suggesting that the trend is still evenly poised. Only about 14% stocks from the Nifty 500 universe closed below previous day's low, while 80% of the constituents closed above their respective 10day SMA, retaining upside hopes. With this in backdrop, Nifty is expected to consolidate within 24677-950 initially with 24060-25235 as the larger band. Break out momentum appears low though.
May 22, 2025, 10:48 am IST
Market Outlook Today By Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.
There is slight risk off in global markets. This is evident from the strength in alternate assets like gold and Bitcoin. The fundamental issue is the high fiscal deficit of the US which the market feels is unsustainable. The weak US 20-year bond auction and the spike in yields of 5-year, 10-year and 30-year bonds indicate the declining confidence in US bonds. In Japan, too, bond yields are rising.
Rising US bond yields are usually negative for emerging markets. But the situation is slightly different now. The root cause of the problem is the unsustainable US fiscal deficit and debt. This may trigger some capital flows away from the US to other economies where prospects for growth and earnings are better.
An important trend from the market perspective is that companies driven by domestic consumption are doing well. The Q4 results of Interglobe aviation and Bharti Airtel are good examples of this trend. This trend can sustain.
May 22, 2025, 10:04 am IST
Stock Market Live: All Broadmarket Indices In Red, India Vix At 0.65
Stock Market Live: All the broadmarket indices were trading in red at 10 am on Thursday as Nifty and Sensex continued their downward trajectory since the opening session. Nifty 100, 200 and 500 were among the top losers as they were down by nearly .50 points today morning.
May 22, 2025, 9:48 am IST
Stock Market Live: Top Gainers For Today
Stock Market Live: NTPC Green Energy stock was up nearly 10% on Thursday after the company reported strong Q4 result. Additionally, notable PSU stocks like ONGC, IRFC, etc were trading in green after announcing their March quarter results on Wednesday.
May 22, 2025, 9:42 am IST
Stock Market Live: Check Top Losers For Today
TCS, Infosys, Shriram Finance, Power Grid, Nestle, Trents were among the top losers on Nifty 50. However, Adani Ports, Adani Enterprises, Tata Steel emerged as the exception on the benchmark index today.
May 22, 2025, 9:17 am IST
Stock Market Live: Nifty, Sensex Open In Red, IndusInd, Tech Mahindra, Infosys, Hindalco, Among Top Losers
Stock Market Live: Nifty, Sensex Open In Red, IndusInd, Tech Mahindra, Infosys, Hindalco, Among Top Losers
May 22, 2025, 9:14 am IST
Stock Market Live: Nifty and Sensex In Red During Pre-Opening Session
Stock Market Live: Nifty and Sensex opened in red during the pre-opening session on Thursday. Additionally, IndusInd Bank shares were down 2% during the pre-opening session
May 22, 2025, 8:38 am IST
Stock Market Live: Q4 Results Today
Stock Market Live: ITC, Dwarikesh Sugar Industries, Gujarat Industries Power Limited, Hindustan Motors, Honasa Consumers, Sun Pharmaceuticals Company, etc, are among the notable companies to announce their Q4 results on Thursday.
May 22, 2025, 8:01 am IST
Stock Market Live: Nifty, Sensex To Start On A Jittery Note
Stock Market Live: Trading sessions of Nifty and Sensex are likely to start on a jittery note on Thursday, indicated Gift Nifty