[03/02 Market Update] Divis Labs (-12%) declined due Q3 results.
[03/02 Market Update] Divis Labs (-12%) declined due Q3 results.
Tribe Daily
Market Summary
Nifty rose due to positive cues from global peers and heavy buying in banking shares.
Companies
Titan (+7%) rose due to positive revenue growth in Q3. Bajaj Finserv (+5%) rose as Q3 net income jumped by 42% to Rs 1,782 cr. Divis Labs (-12%) declined as Q3 net profit tanked by 65% YoY to Rs 307 cr. BPCL (-2%) declined as Q3 net consolidated profit declined by 37% to Rs 1747 cr.
Sectors
Nifty PSU Bank (+3%) rose due to stellar Q3 results of BOB and SBI.
Market News
1. BOB (+6%) rose as Q3 net profit surged by 75% to Rs 3,853 cr.(Mint)
2.SBI (+3%) rose Q3 net profit surged by 68% to Rs 14,205 cr. (Money Control)
3.Marico Q3 net profit rose by 5% to Rs 333 cr. (Mint)
4.Kansai Nerolac Paints Q3 profit declined by 15% YoY to Rs 112 cr.(Business Standard)
5.India Cements Q3 net profit rose by seven-fold to Rs 133.29 cr.(Business Standard)
Market Sentiment
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