Paytm(+6.79%) Jumps 6% as CEO Vijay Sharma Boosts Stake by 10.3%; Adani Green Energy(-4.61%) Slide 4% as QIA Stake Deal News Surfaces

E-commerce Startup Meesho Reports Maiden Profit, Plans Stock Listing in 12-18 Months.

Market Summary

Closing Bell: Nifty above 19500, BANKNIFTY below 44900, Sensex gains 230 pts, IT, Pharma and Healthcare rally. 🚀

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Companies

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Sectors

India's Pharma Imports: Bulk Drugs Dominate, China Dependency High.

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Market News

Adani Green Energy(-4.61%) Stock Falls 12% Intraday on Reports of Qatar Investment Authority's Stake Purchase. 📉✔️

Paytm(+6.79%) Share Price Jumps Over 10% Intraday as CEO Vijay Shekhar Sharma Boosts Stake by 10.3%. 💸📲

Paras Defence(-5.77%) Reports Q1 Results: Net Profit Declines 14.3%, Revenue Rises 18.4%. 🛡️📉

Whirlpool(+0.64%) Q1 Earnings: Net Profit Falls 10.6%, Revenue Dips 2%, EBITDA Margin at 6.1%. 📉🚰

Shipping Corporation of India(-2.77%) Reports 57% Profit Jump, But Shares Fall 2% on Revenue Decline 🚢📉

ICICI Bank(+0.53%) Gets RBI Nod to Raise Stake in ICICI Lombard, Shares Surge 1% Intraday. 💰🧾

BHEL(-2.37%) Shares Slide 4% Intraday as Q1 FY24 Net Loss Widens to Rs 343.89 Crore. 📉⚡️

India Cements(-4.00%) Shares Plunge 4% as Q1FY24 Loss of Rs 87.40 Crore is Reported. 🗜

Bharti Airtel(+0.20%) Unveils Airtel Xstream AirFiber: 5G FWA Available in Delhi & Mumbai. 📡

Concord Biotech IPO Subscription Reaches 1.73x on Strong Investor Demand, HNIs Bought 3.66 Times. 🧾

SBFC Finance IPO Oversubscribed 43.69 Times as Investors Flock to Grab Shares. 🧾🚀