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#STREETGAINS #MARKETSVIEW #24OCTOBER2024
October 24, 2024
INDIAN MARKETS:
On October 23, At close, the Sensex was down 138.74 points or 0.17 percent at 80,081.98, and the Nifty was down 36.60 points or 0.15 percent at 24,435.50.
US MARKETS:
The Dow Jones Industrial Average fell 409.94 points, or 0.96%, to 42,514.95, the S&P 500 lost 53.78 points, or 0.92%, to 5,797.42 and the Nasdaq Composite lost 296.47 points, or 1.60%, to 18,276.65
ASIAN MARKETS:
Topix up 0.05%, Nikkei up 0.31%, Taiwan down 0.27%, Kospi up 0.08%.
OIL & GAS UPDATES:
US West Texas Crude increased by 1.07%.
Brent Crude increased by 0.95%.
KEY QUARTERLY EARNINGS:
Hindustan Unilever Q2 (Standalone YoY): Profit declined 3.9% to ₹2,612 crore, revenue up 1.5% at ₹15,508 crore, EBITDA fell 1.3% to ₹3,647 crore, margins dropped by 70 bps to 23.5%, volume growth at 3%, interim dividend ₹29/share.
Sona BLW Precision Forgings Q2 (Consolidated YoY): Profit up 15.7% to ₹143.6 crore, revenue rose 17.1% to ₹922.2 crore, EBITDA grew 14.7% to ₹252.3 crore, margin dipped to 27.4%.
Dr Lal PathLabs Q2 (Consolidated YoY): Profit up 18.2% to ₹131 crore, revenue grew 9.8% to ₹660 crore, EBITDA rose 13.9% to ₹202 crore, margin improved to 30.7%, interim dividend ₹6/share.
Birlasoft Q2 (Consolidated QoQ): Profit fell 15.1% to ₹127.5 crore, revenue increased 3.07% to ₹1,368.2 crore.
Birla Corporation Q2 (Consolidated YoY): Loss of ₹25.2 crore vs profit of ₹58.4 crore, revenue down 14.5% to ₹1,952.6 crore.
AU Small Finance Bank Q2 (YoY): Profit surged 42.2% to ₹571.2 crore, revenue up 58.1% to ₹1,974.4 crore, gross NPA rose to 1.98%, net NPA at 0.75%.
Fedbank Financial Services Q2 (YoY): Profit up 12% to ₹64.6 crore, net interest income rose 28% to ₹264.9 crore.
KEY STOCKS TO WATCH:
- Escorts Kubota: Transferred railway equipment business to Sona Comstar for ₹1,600 crore, focusing on agri and construction sectors.
- NLC India: Joint venture with Rajasthan Rajya Vidyut for 3x125 MW lignite-based power station and 2,000 MW renewable projects.
- Crest Ventures: Capri Global bought 0.52% stake at ₹470 per share.
FII/DII DATA:
1. FIIs net SOLD Rs 5,684 crore worth shares on 23 October
2. DIIs net BOUGHT Rs 6,040 crore worth shares on 23 October.
Thank you, have a great Trading Day ahead!!