Zomato(+10.23%) Rises on Remarkable Turnaround with ₹2 Crore Profit; SUV Boom Propels M&M(-0.31%) Profits to Records 98%;

Supreme Court Stays Rahul Gandhi's Defamation Conviction, Back in Lok Sabha as MP.

Market Summary

Closing Bell: Nifty above 19500, BANKNIFTY above 44800, Sensex gains 480 pts, Reality, Metal and FMCG rally.

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Companies

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Sectors

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Market News

Zomato(+10.23%) Swings to Profit, Reports ₹2 Crore Net Profit, ₹1,002 Crore Revenue Growth in Q1 FY24. 🍔🚀

Aditya Birla Fashion & Retail(-5.05%) Reports Q1 Loss of Rs 161.62 Cr, Revenue Grows by 11%, But Margin Pressure Persists. 📉

LIC Housing Finance(+8.19%) Stock Soars 8% Q1 Net Profit Surges 43%, NII Jumps 38%. 🚀

SBI(-2.91%) Beats the Odds,178% Surge in Q1 Net Profit at Rs 16,884 Cr, NPAs Drop to 2.76%, NII Grows 24.71%. 🎯

Paytm(+3.78%) Surges 3% on 39% YoY Growth in Merchant Payment Volumes, Loan Distribution Business Sees 148% YoY Growth; Average Monthly Transacting Users Jump 19% YoY. 💸

Eicher Motors(-0.60%) Reports Impressive Q1 Profit of Rs 918 Crore, Revenue Rises 17.33% YoY. 🏍

SUV Boom Propels M&M(-0.31%) Profits: Records 98% YoY Surge at Rs 2,774 Cr, Revenue: Up 23% at Rs 24,368 Cr.

Kotak Mahindra Group Merges Investment Advisory and Fund Management Biz Renamed as Kotak Alternate Asset Managers with $18B AUM. 🧾

SBFC Finance IPO 4.50 Times Oversubscribed 📈🔥 - High Demand from HNIs and Retail Investors. 🧾