Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Revealed
India's Third Giant Leap

This Could be One of the Biggest Opportunities for Investors




Important: We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
By submitting your email address, you also sign up for Profit Hunter, a daily newsletter from Equitymaster
covering exciting investing ideas and opportunities in India.

AD

Sensex Today Trades Flat | Nifty Below 24,800 | Tejas Network Rallies 20%
Mon, 21 Oct 10:30 am

Sensex Today Trades Flat | Nifty Below 24,800 | Tejas Network Rallies 20%Image source: Just_Super/www.istockphoto.com

Asian markets traded mixed after China's loan prime rate cut announcement.

Japan's Nikkei 225 fell marginally, while the Topix declined 0.11%.

US stock market ended higher on Friday, with the Dow Jones Industrial Average and S&P 500 chalking up record closing highs led by gains across technology stocks.

Here's a table showing how US stocks performed on Friday:

Stock/IndexLTPChange ($)Change (%)Day HighDay Low52-Week High52-Week Low
Alphabet165.050.540.33%166.37164.75193.3121.46
Apple2352.851.23%236.18234.01237.49164.08
Meta576.47-0.46-0.08%583.97575.25602.95279.4
Tesla220.7-0.19-0.09%222.28219.23271138.8
Netflix763.8976.2411.09%766.28736.23766.28392.26
Amazon188.991.460.78%190.74186.28201.2118.35
Microsoft418.161.440.35%419.65416.26468.35324.42
Dow Jones43275.9136.860.09%43325.0943036.3543325.0932327.2
Nasdaq20324.04133.620.66%20360.2920273.5520690.9714058.33
Source: Equitymaster

At present, the BSE Sensex is trading 35 points lower and NSE Nifty is trading 16 points lower.

Tech Mahindra, HDFC Life and Asian Paints among the top gainers today.

BPCL, M&M and Bharti Airtel the other hand are among the top losers today.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

Broader markets are trading on negative note. The BSE Midcap index is trading and the BSE Smallcap index are trading marginally lower.

Sectoral indices are trading mixed today with in realty sector and finance sector witnessing most buying. Meanwhile stocks in oil & gas sector and auto sector witnessing selling pressure

The rupee is trading at Rs 84.06 against the US dollar.

In commodity markets, gold prices are trading 0.6% higher at Rs 78,219 per 10 grams today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

Speaking of the stock market, turnaround stocks can be a goldmine, but finding the right ones can be tricky.

In this video, Rahul Shah, Co-head of research at Equitymaster shares his strategy for identifying 'good' turnaround stocks and avoiding the 'bad' ones.

Plus, he reveals 3 picks that you can keep on your watchlist.

Watch now.

Tech Mahindra Q2 Results

IT services firm Tech Mahindra said on Saturday that its September quarter consolidated net profit jumped 153.1% year-on-year (YoY) to Rs 12.5 bn while revenue rose 3.5% YoY to Rs 133.1 bn.

On a sequential basis, profit and revenue saw growth of 46.8% and 2.4%, respectively.

While announcing the quarterly numbers, the Mahindra Group company also declared an interim dividend of Rs 15 per equity share and fixed 1 November as the record date for determining eligibility of shareholders.

During the quarter, the PAT margin stood at 9.4%, up 2.8% QoQ, up 5.6% YoY. New deal wins TCV stood at US$ 603 million.

Tech Mahindra's IT attrition rate increased to 11% in Q2, as compared to 10% in the previous quarter.

Revenue from the communications vertical dropped 1.7% YoY, while BFSI recorded a YoY growth of 4.5%. Revenues from the technology, media and entertainment verticals rose 2.4%.

Wipro & Tech Mahindra

RBL Bank Q2 Profit Falls 24%

RBL Bank Ltd on Saturday (19 October) reported a 24.4% year-on-year (YoY) decline in net profit at Rs 2.2 bn for the second quarter that ended on 30 September 2024.

RBL Bank posted a net profit of Rs 2.9 bn.

Net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, rose 9.5%, coming at Rs 16.2 bn against Rs 14.8 bn in the corresponding quarter of FY24.

The gross non-performing asset (GNPA) stood at 2.9% in the March quarter against 2.7% in the December quarter. Net NPA came at 0.8% against 0.7% quarter-on-quarter.

In monetary terms, gross NPA stood at ?2,581.1 crore against Rs 23.7 bn quarter-on-quarter, whereas net NPA came at Rs 6.9 bn against Rs 6.4 bn quarter-on-quarter. The net interest margin (NIM) came at 5% against 5.5% year-on-year and 5.7% quarter-on-quarter.

RBL Bank's total deposits grew by 20% year-on-year, reaching Rs 1,079.6 bn as of Q2FY25. The bank's Current Account and Savings Account (CASA) deposits saw a 13% year-on-year rise to Rs 362.2 bn, with a CASA ratio of 33.6%.

Granular deposits, which consist of deposits less than Rs 30 m, increased by 22% YoY and 4% quarter-on-quarter, standing at Rs 522.2 bn, accounting for 48.4% of total deposits.

Oberoi Realty Q2 Profit Jumps 29%

Real estate major Oberoi Realty posted a net profit of Rs 5.9 bn for the second quarter of financial year 2025 (Q2 FY25), up 29% year-on-year (Y-o-Y).

The company's total revenue for the quarter stood at Rs 13.6 bn, up 9.2% on an annual basis. The company's total expenses declined by 10.6% YoY to Rs 5.8 bn.

Segment-wise, the company's real estate business generated revenue of Rs 12.8 bn, almost 94% of its total revenue. The company also reported a bookings value of Rs 14.4 bn during the quarter, almost 50% more than the corresponding period of the last financial year.

Moreover, the company's board of directors, in its meeting held on Friday (October 18), declared a second interim dividend for FY25 at the rate of Rs 2 per equity share, which is 20 per cent of the face value of equity shares of Rs 10 each.

The company stated that 4 November is the record date for the purpose of payment of the said interim dividend, and the interim dividend will be paid starting from 14 November 2024.

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


Equitymaster requests your view! Post a comment on "Sensex Today Trades Flat | Nifty Below 24,800 | Tejas Network Rallies 20%". Click here!