[26/04 Market Update] Bajaj Auto's Q4 profit surges 12%; Ipca Labs shares plunge 20% in two days after acquisition news.
[26/04 Market Update] Bajaj Auto's Q4 profit surges 12%; Ipca Labs shares plunge 20% in two days after acquisition news.
Joe Biden announces second White House bid amidst Trump's re-election plans
Market summary
Closing Bell: Nifty above 17,800, Sensex gains 170 pts Banknifty at 42829, Monthly expiry tomorrow, auto, realty, capital goods rally.
Rupee rises to 1-month high against dollar.
Companies
CBRE report shows 28% YoY increase in supply of Industrial & Logistics(1.35%) space to 7.6mn sq ft in Q1FY23.
Tata Consumer Products(1.51%) reports strong Q4 results with consolidated net profit up 21.12% YoY at Rs 289.56 crore.
Maruti Suzuki's(0.19%) Q4 standalone net profit up 43% to Rs 2,623.6 crore.
Sectors
Market news
S&P Global Ratings upgrades Tata Motors to 'BB'
Bajaj Auto's Q4 profit surges 12% boosted by 11.96% growth in revenue from operations.
Axis Bank Q4 results show NII up by 38% and net profit loss of Rs 1,388 crore due to Citibank acquisition.
Mahindra CIE surges 8% on robust Q4 performance, reports 73% YoY growth in profit at Rs 279 crore.
Tata Steel Long Products reports Q4 standalone loss of Rs 184.11 crore due to increased expenses.
Mankind Pharma IPO Day 2: Offer subscribed 32%, expected to fetch shareholders up to Rs 4,326 crore.
Poonawalla Fincorp's Q4 net profit rises to Rs 180.37 crore, revenue jumps 50% YoY