ITC(-3.89%) Board Approves Demerger of Hotels Business; HDFC(-0.84%) Reports Robust Q1 Performance with 52% Profit

Esports Not Affected by 28% GST on iGaming Clarifies Esports Federation of India.

Market Summary

Closing Bell: Nifty below 19700, BANKNIFTY slips below 45950, Sensex tanks 290 pts, Metal, FMCG and Oil&Gas slips.

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Market News

Aarti Drugs(+18.60%) Soars 18% with Q1 Revenue up by 6% to Rs 661.7 crore, 72% Premium Buyback Offer. 🧪🚀

ITC's(-3.89%) Hotels Business to be Demerged: Shareholders to Hold Direct Stake in New Entity. 🧾📉

SJVN(+13.86%) Ltd Surges 13% Company Secures Rs 7,000-Crore Contract from Punjab State Power Corporation Ltd. 🧾⚡️

HDFC(-0.84%) Q1 Net Profit Surges Over 52% YoY to Rs 477.5 Crore, Revenue Grows 10.1% YoY to Rs 574.5 Crore. 🚀💸

NHPC(+6.17%) Gains 6% on Approval of Mega 3800 MW Hydroelectric Projects in Arunachal Pradesh. 🌊⚙️

RIL(-2.02%) Shares Falls over 2%, After Reporting Lower June Quarter Earnings Net Profit 11% to Rs 16,011 Crore.

RITES(+6.86%) Stock Rises 6% on Receiving Rs 500-Crore Order from Mozambique to Supply of 10 Locomotives and 150 Wagons. ✔️🧾

ICICI Bank's(+0.50%) Shares Hit 52-Week High on Strong Q1 Earnings Standalone Profit Soars 39.7% YoY. 🚀