M&M(-6.31%) Tumble 6% Market Cap Shrinks Over Rs 11,300 Crore; Nestle India(-2.08%) Shares Slide 2% Domestic Volume Growth Falls

RBI approves appointment of NS Vishwanathan as Non-executive Chairman for 3 yrs.

Market Summary

Closing Bell: Nifty below 19650, BANKNIFTY slips below 45700, on weekly expiry, Sensex tanks 440 pts, Auto, Private Banks, and Oil&Gas slips.

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Companies

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Sector

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Market News

M&M(-6.31%) Shares Tumble 6% After Stake Purchase of 3.53% in RBL Bank, Market Cap Shrinks by Over Rs 11,300 Crore. 📉

Birlasoft(+6.04%) Reports 23% QoQ Rise in Net Profit, Operating Margin Expands to 15.3%, Stock Hits 52-Week High. 💸 🚀

RVNL(-6.15%) Shares Slide 6% Amid Government 5.36% Stake Sale Plan at 11% Discount to Market Price via OFS. 📉💰

Nestle India(-2.08%) Q2 Net Profit Soars 35.6% to ₹698.3 Crore, Revenue Grows 15.4%, Domestic Volume Growth Falls, Shares Slide 2%. 📉

Shriram Finance(-0.41%) Posts 25% Rise in Q1 Net Profit to Rs 1,675.44 Crore, NII Rises 11% YoY. 💸

Bajaj Finserv(-0.73%) Q1 Net Profit Soars 48.4% YoY, Hits Rs 1,942.6 Crore. ✔️

Netweb Technologies lists at a premium of 89% at Rs 947/sh vs issue price of Rs 500/sh on NSE. 🧾🚀

Yatharth Hospital IPO Witnesses Strong Investor Response, Subscribed 2.31 Times. 🧾