[27/04 Market Update] Godrej acquire FMCG biz of Raymond; Delhivery stock drops 50% from July 2022 highs.
[27/04 Market Update] Godrej acquire FMCG biz of Raymond; Delhivery stock drops 50% from July 2022 highs.
RBI governor Shaktikanta Das highlights Indian banking system's resilience amid global financial instability
[27/04 Market Update] Godrej acquire FMCG biz of Raymond; Delhivery stock drops 50% from July 2022 highs.
Market summary
Closing Bell: Nifty above 17,900 ,Banknifty touches 43,000 on monthly expiry, Sensex gains 348 pts; IT realty, metal rally.
Companies
L&T Technology Services’s(+1.29%) Q4 net profit jumps 22% to Rs 1,170 crore, revenue up 22% YoY.
Bajaj Finserv(+1.8%) posts consolidated net profit jums 31% of Rs 1,769 crore for Q4FY23.
NBFC Bajaj Finance(+2.38%) reports Rs 3,158 crore consolidated net profit for Q4, driven by healthy growth.
Hindustan Unilever's(-1.66%) Q4 profit up 9.66% at Rs 2,552 crore, dividend of Rs 22/share declared.
Sectors
Market news
Mankind Pharma's IPO oversubscribed 14.9 times on Day 3, retail portion booked 84%.
Steel pipes maker JTL Industries reports strong Q4 results with net profit of Rs 36.65 crore.
Shree Digvijay Cement's Q4 EBITDA grows 30% YoY to Rs 38.1 crore with margin at 19.5%.
Dwarikesh Sugar's Q4 net profit drops 21.5% YoY to Rs 46.8 crore.
Swaraj Engines reports 59.8% YoY rise in Q4 profit at Rs 35 crore approves capacity enhancement of engines from 1.8 lakh to 1.95 lakh units per year.
Laurus Labs' revenue reaches Rs 1381 crores in Q4 profit surges to Rs 103 crore.
Godrej Consumer Products will acquire the FMCG business of Raymond Consumer Care for Rs 2,825 crore.
Wipro's Rs 12000 crore share buyback approved at Rs 445/share.