[25/04 Market Update] Bajaj Auto hits life-time high; ITC hits all-time high to become 6th largest Indian company
Market summary
Nifty50 consolidating at a crucial zone with a potential of breaking the resistance of 17800, Banknifty touches the level of 42800 levels closes flat.
Companies
Bajaj Finance(2.3%) to expect Strong Q4 net profit seen rising 30.2% YoY to Rs 3,151.40 crore.
HDFC Bank(-1.4%) pick up 20% stake in Singapore-based fund manager Griha Pte.
UPL's(-1.96%) promoter's shareholding increased by 1.6% to 32.35%, in Q4 FY23.
Sectors
Market news
Hindustan Zinc plans to acquire Vedanta's Zinc International assets, deal awaits shareholder approval.
Maruti Suzuki saw strong SUV sales and eased supply chain constraints, demand boosted. Prediction of a 12% QoQ increase in revenues led by an 11% increase in volumes.
Mankind Pharma IPO subscribed 6% on day 1 with tepid response from investors.
Nestle India's Q4 profit rose 24.7% YoY to Rs 737 crore while total sales jumped 21.3% to Rs 4,808 crore.
HDFC AMC Q4 standalone net profit rises 10% to Rs 376 crore, revenue up 5% to Rs 541 crore.