Gift Nifty Down 50 Points | Page Industries Q3 Results & Interim Dividend | Why ITC Share Price is Falling | Top Buzzing Stocks Today

Fri, 9 Feb Pre-Open

   Previous Close   

   10:30 am   

   Closing   

On Thursday, Indian share markets gave up the gains as the session progressed and ended the day on weak note.

Benchmark indices took a sharp knock on the bourses on Thursday after the Reserve Bank of India's decision to keep repo rate steady with no guidance on rate cut, put pressure on private bank stocks.

At the closing bell on Thursday, the BSE Sensex closed lower by 724 points (down 1%).

Meanwhile, the NSE Nifty closed down by 213 points (down 1%).

SBI, BPCL and Hindalco were among the top gainers.

ITC, Nestle and ICICI Bank on the other hand, were among the top losers.

Broader markets ended on mixed. The BSE MidCap index ended flat and BSE SmallCap index ended 0.4% lower.

Sectoral indices ended mixed with stocks in energy sector, telecom sector and oil & gas sector witness most buying. Meanwhile, stocks in realty sector, banking sector and auto sector witnessed selling pressure.

Gold prices for the latest contract on MCX were trading flat at Rs 62,496 per 10 grams at the time of Indian market closing hours on Thursday.

At 7:35 AM today, the Gift Nifty was trading 50 points lower at 22,760 levels.

Indian share markets are headed for a negative today following the trend on Gift Nifty.

Speaking of stock markets, smallcaps were not the only outperformers of 2023.

Stocks from the defence, railways and electric vehicle sectors also found their place under the sun.

Stocks of the largest public sector entities in defence and railway sectors fetched handsome gains every time the government ordered more spending.

But there were also plenty of private sector entities in defence ecosystem that commanded premium valuations.

The EV sector became a stock market favourite in 2023.

Am sure you wonder, what after these big-ticket gains?

Will the stars of 2023 continue to shine in 2024? Or should you consider a different set of potential wealth creators?

Research Analyst, Tanushree Banerjee answers this in below video.

Top buzzing stocks today

Itc share price will be in focus today.

ITC fell 4% after its largest shareholder, British American Tobacco (BAT), said it was working towards completing the regulatory process to pare its stake in the diversified conglomerate.

BAT holds a 29% stake in ITC, which is worth Rs 1.5 tn. The company said it has been working for some time on completing the regulatory process to give it the flexibility to monetise some of its shareholding.

Cummins India will also be a top buzzing stock.

Shares of Cummins India rallied over 10% on 8 February 2024 to hit a new all-time high of Rs 2,648.0 on the National Stock Exchange (NSE), a day after the company reported impressive earnings for the quarter ended December 2023.

The company's Q3 results showed a marked improvement in the company's performance compared to the same period last year.

Zomato Q3 Results

Indian food delivery platform Zomato reported a quarterly profit that beat market expectations on Thursday, aided by increased demand during the men's Cricket World Cup and the festive period.

It reported a consolidated net profit of Rs 1.4 bn ($16.6 million) for the third quarter.

It had reported a net loss of Rs 3.5 bn a year earlier.

Indian consumers ordered more food from restaurants during the men's Cricket World Cup, which took place between 5 October and 19 November. This, coupled with the festive season, when Zomato and its Softbank-backed rival Swiggy brought in a lion's share of their yearly sales, helped boost its topline.

Revenue from its mainstay food delivery business grew 48% for the quarter, while revenue from its quick commerce division more than doubled.

This resulted in the total revenue jumping 69% to Rs 32.9 bn.

Its food delivery gross order value rose 6.3% quarter-on-quarter and 27% year-on-on-year to Rs 84.9 bn, in line with the company's guidance for this quarter. This also means that a certain predictability has come to the company's numbers even though the 2023 New Year's Eve saw a big spike in orders.

The hyperlocal commerce company's performance has been driven by a strengthening of its economies of scale as the money it makes on a per-order basis has grown, and a surge in the subscriptions of its loyalty programme.

In a letter to shareholders, Zomato's management said that the company's improving margins have been driven by factors like greater ad monetisation and the introduction of platform fees.

Zomato shares have rallied over 160% in the past year. With Swiggy eyeing for a potential debut soon, to know what lies for Zomato in 2024, check out our latest editorial Zomato Needs New Growth to Justify its Soaring Stock. It Won't Be Easy...

Page Industries Q3 Profit Jumps 23%

Page Industries on 8 February reported a net profit of Rs 1.5 bn for the December quarter of FY24, registering a growth of 23% from Rs 1.2 bn in the same quarter of the previous financial year.

Total revenue of the company stood at Rs 12.3 bn, increasing 2.4% from Rs 12 bn in the year-ago quarter.

Page Industries' earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter was at Rs 2.3 bn, growing by 19%. EBITDA margin was at 18.7% compared to 16.1% YoY.

The Board of Directors of the Company declared the 3rd Interim Dividend for the fiscal year 2023-24 at Rs 100 per equity share.

As previously communicated, the record date for the payment of this interim dividend is set for 16 February 2024. The dividend is scheduled to be paid on or before 8 March 2024.

Page Industries holds exclusive licensing rights from JOCKEY International Inc. (USA) for the production, distribution, and promotion of the JOCKEY® brand across India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and the UAE.

Additionally, Page Industries is the sole licensee of Speedo International Ltd. for the manufacturing, marketing, and distribution of the Speedo brand in India.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers