Page 32 - Bse

Mcap of BSE-listed firms hits peak at Rs 3.9 trn, investors add Rs 2.2 trn

Investors became richer by Rs 2.20 lakh crore on Monday and the market capitalisation of BSE-listed firms reached an all-time high of Rs 3.91 lakh crore as buoyant sentiment sustained the stock market rally for the fifth straight session. The 30-share BSE Sensex benchmark climbed 281.52 points or 0.39 per cent to close at 72,708.16, while NSE Nifty ended at its all-time high of 22,122.25 points, up 81.55 points or 0.37 per cent from the previous close. The market capitalisation (mcap) of BSE-listed companies went up Rs 2,19,581.56 crore to reach its all-time high of Rs 3,91,69,087.01 crore. "BSE market cap touching a record high of around USD 4.7 trillion reflects the strength of the ongoing bull run and the momentum in the market. "The fact that the crucial Buffet Ratio (market cap to GDP) is signalling very high valuation at above 120 per cent is a matter of concern. But this is unlikely to halt the bull run in the near-term since flows into the market from domestic individual ..

BSE cautions stock market investors against fake social media accounts

Leading stock exchange BSE on Thursday cautioned investors against falling prey to misleading social media handles claiming association with the bourse. This came after the exchange noted that some unauthorized and fake social media handles on platforms such as LinkedIn, Twitter, YouTube, Facebook, and Instagram, are misleading the investors by impersonating BSE's official identity and falsely claiming association with the exchange. Such unscrupulous persons or entities masquerading as BSE are indulging into misusing the name and reputation of the exchange for their personal gains, the bourse said. In a statement, BSE cautioned "investors and the public at large against falling prey to such misleading social media handles/ entities and advises the investors/ public to verify the authenticity of social media handles claiming to be associated / to represent BSE." Also, it asked investors to only engage with BSE's officially verified social media handles.

NSE, BSE to hold trading session on March 2 to assess mkt infrastructure

Session to assess the preparedness for any unforeseen event, test transition to disaster recovery site

TCI Express Q3 results: Profit at Rs 32 cr, total income stands at 313 cr

TCI Express on Monday reported flat standalone net profit of Rs 32.19 crore for the December quarter. The company had posted standalone net profit of Rs 32.02 crore in the year-ago period. The standalone total income from operations of the company in the third quarter of the ongoing fiscal dropped marginally to Rs 313.83 crore from Rs 315.72 crore in the year-ago period, TCI Express said in a filing to the BSE. "In the face of continued headwinds on account of muted festive demand and long holiday season during the quarter, our commitment to operational excellence, along with a strong customer mix base, and unmatched network and efficiency, has propelled us to maintain stable profitability and margins, outperforming industry peers," the company's Managing Director Chander Agarwal said.

SBI Life Insurance buys KIMS shares worth Rs 239 cr in open mkt transaction

SBI Life Insurance Company on Tuesday bought shares of Krishna Institute of Medical Sciences (KIMS) for Rs 239 crore through an open market transaction. According to the bulk deal data available with the BSE, SBI Life Insurance Company Ltd purchased 11.49 lakh shares, representing a 1.4 per cent stake in KIMS. The shares were picked up at an average price of Rs 2,085 apiece, taking the deal size to Rs 239.58 crore. Meanwhile, ICICI Ventures' affiliate India Advantage Fund S4 I sold 10,70,545 shares at the same price. On Tuesday, shares of KIMS rose 1.93 per cent to settle at Rs 2,130.40 apiece on the BSE.

NLC India Q3 results: Profit at Rs 254 cr, income declines to Rs 3,249 cr

NLC India on Tuesday reported a consolidated profit of Rs 254.10 crore for the quarter ended on December 31, 2023. The company had posted a consolidated loss of Rs 396.35 crore in the year-ago period. The consolidated income of the company during October-December period declined to Rs 3,249.391 crore from Rs 3,982.49 crore in the year-ago period, NLC India said in a filing to BSE. In a statement, the PSU said that NLCIL incorporated a new wholly-owned subsidiary NLC India Green Energy Ltd (NIGEL) to undertake green projects. NLC India is a Navratna company under the coal ministry. Its core business is mining and power generation.

Axis Mutual Fund launches Sensex index fund, aims Rs 100 cr NFO collection

Axis Mutual Fund on Tuesday announced the launch of a new fund from which it targets to collect at least Rs 100 crore during the primary subscription period. The Axis Sensex index fund is an open-ended scheme tracking the S&P BSE Sensex, and opens on February 8 and closes on 22nd. Considering the wide spectrum of sectors and the largest companies the index covers, it offers investors a diversified portfolio and an opportunity to participate in the growth story of various sectors with a single index, said B Gopkumar, MD & CEO. On the rationale behind the fund, he said passive investing is becoming more and more acceptance today and the new fund recognises the need to provide an investment option that aligns with the evolving preferences of today's investors. Ashish Gupta, Chief Investment Officer told PTI that the fund house is targetting to raise at least Rs 100 crore during the subscription period.

BSE Q3FY24 results: Net profit more than doubles to Rs 108.2 crore

The bourse's revenue surged to Rs 431.5 crore in the third quarter of FY24 from Rs 245 crore reported a year ago

Insecticides (India) Ltd Q3 results: Net profit rises 37% to Rs 17.07 crore

Insecticides (India) Ltd on Monday posted a 37.21 per cent rise in its consolidated profit to Rs 17.07 crore in the December 2023 quarter. The company's profit stood at Rs 12.44 crore in the October-December quarter in the year-ago period, according to a regulatory filing. Total income remained flat at Rs 357.94 crore on a consolidated basis during the third quarter of this fiscal. It posted a total income of Rs 356.53 crore in the same quarter of the previous fiscal. Expenses were at Rs 342.13 crore during the period under review. It stood at Rs 344.54 crore a year ago, the filing said. Shares of the company settled 1.96 per cent higher at Rs 618.55 apiece on the BSE.

BSE Q3 results: Profit doubles to Rs 108 cr, revenue up 76% at Rs 431 cr

Leading stock exchange BSE Ltd on Monday said its net profit doubled to Rs 108.2 crore in December quarter. In comparison, the exchange had posted a net profit of Rs 51.6 crore in the year-ago period, BSE said in a statement. The bourse achieved its highest quarterly revenue ever at Rs 431.5 crore in the October-December period of the current fiscal, marking a surge of 76 per cent from Rs 245 crore registered in the year-ago period. The exchange's mutual distribution platform, BSE StAR MF, saw the total number of transactions soaring 60 per cent to reach 10.9 crore in the third quarter of the current fiscal from 6.86 crore in the corresponding quarter last year.

Torrent Pharma Q3 results: Profit after tax jumps 52% to Rs 443 cr

Torrent Pharmaceuticals on Friday reported a 52 per cent increase in its consolidated profit after tax to Rs 443 crore for the third quarter ended December 2023. The drug firm had reported a net profit of Rs 292 crore in the October-December period of the last fiscal. Its revenue increased by 10 per cent to Rs 2,732 crore in the third quarter compared to Rs 2,491 crore in the year-ago period, Torrent Pharmaceuticals said in a statement. The company said its domestic business revenues increased 12 per cent year-on-year to Rs 1,415 crore in the October -December quarter this year. Brazil's business grew by 26 per cent to Rs 312 crore, while the US business expanded by 6 per cent to Rs 274 crore in the third quarter. German revenues for the October-December period witnessed a 12 per cent growth to Rs 270 crore in the December 2023 quarter. Shares of the company on Friday ended 0.51 per cent up at Rs 2,524.70 apiece on the BSE.

UPL Q3 results: Company posts consolidated net loss at Rs 1,217 crore

Sustainable agriculture products and solutions provider UPL on Friday reported a consolidated loss of Rs 1,217 crore during the December 2023 quarter. The company's net profit stood at Rs 1,087 crores during the corresponding quarter of the previous financial year, the company said in a regulatory filing. Its revenue from operations declined 27.72 per cent to Rs 9,887 crore in the quarter under review from Rs 13,679 crore a year ago. "Destocking continued to weigh down the global agrochemical market. Overall, prices remained stable quarter-on-quarter in the crop protection business but came off significantly compared to the high base of the previous year amid intense post-patent price competition. "Given this backdrop, our third quarter performance was significantly impacted by these headwinds in line with the rest of the industry, which is currently experiencing its worst downturn in decades," UPL Corporation CEO Mike Frank said. However, the company did see a pick-up in volumes

Tata Motors Q3 results: Profit rises over 2-fold on strong JLR sales

Consolidated net profit rose to Rs 7,025 crore ($847.7 million) in the three months ended Dec. 31 from a year earlier

Coal India fuel supply to thermal power plants rises by 5pc in Apr-Jan FY24

State-owned Coal India Ltd on Friday said that it supplied 509 million tonnes of coal to thermal power plants in the April-January period of this fiscal, registering a rise of 4.7 per cent. Coal India supplied 486 million tonnes (MT) of dry fuel to coal-fired power plants in the year-ago period. "Staying ahead of the projected demand since the beginning of the fiscal, CIL's supplies to coal-fired plants raced to 509 MT till January," the PSU said in a statement. CIL's increased supplies forming the bulk, ensured stock at domestic coal based power plants hitting an all-time high of 36.2 MT in January, eclipsing the previous high of 34.5 MTs recorded four years ago same month. On an average CIL loaded a record 315.2 rakes per day to all consuming sectors, which is 7.2 rakes higher than earlier 308 rakes record achieved for a month in March 2021. Each rake corresponds to around 4,000 tonnes of coal. Loading to power plants on an average shot up to 288.4 rakes per day during the refer

KKR, 2 other entities sell Indus Towers' share worth Rs 3,978 crore

Private equity major KKR, Canada Pension Plan Investment Board (CPPIB) and another entity sold Indus Towers' shares worth Rs 3,978 crore through open market transactions on Thursday. KKR through its arm Silverview Portfolio Investments Pte offloaded shares of telecom infrastructure major Indus Towers on the BSE. As per the bulk deal data, Silverview Portfolio Investments sold 13.08 crore shares of Indus Towers, while CPPIB disposed of more than 5.76 crore shares of the company, amounting to a 4.85 per cent and 2.14 per cent stake, respectively, in Indus Towers. Patronus Tradetech LLP also offloaded 2.26 lakh shares of telecom infrastructure company, as per the bulk deal data. The shares were sold within the price range of Rs 210.21-215.28 apiece, taking the transaction size to about Rs 3,977.94 crore. After the latest transaction, KKR through Silverview Portfolio Investments Pte sold its entire 4.85 per cent equity stake and exited the company, while shareholding of Canadian Pensi

Coal India production rises 9.1% to 78.4 million tonnes in January

State-owned CIL on Thursday reported a 9.1 per cent rise in coal production at 78.4 million tonnes (MT) in January. The company had produced 71.9 MT of coal in the corresponding month of previous fiscal, Coal India Ltd (CIL) said in a filing to BSE. Coal production by CIL in April-January period also increased to 610.3 MT from 550.9 MT in the corresponding period of previous fiscal, the filing said. Coal offtake in January increased to 67.6 MT from 64.4 MT in the corresponding month of previous fiscal. The offtake of dry fuel during April-January period increased to 619.5 MT from 572.3 MT in the year-ago period. Coal India accounts for over 80 per cent of domestic coal output.

Fino Payments Bank Q3 results: Net profit rises by 19% to Rs 22.8 cr

Fino Payments Bank on Wednesday reported a 19 per cent rise in net profit to Rs 22.8 crore in the December quarter. The Navi Mumbai-headquartered entity had reported a net profit of Rs 19.1 crore in the year-ago period. Its overall revenues grew 18 per cent to Rs 370.2 crore from Rs 314.1 crore in the year-ago period, a statement said. The revenues in the September quarter were Rs 358.6 crore. The operating profit grew 30 per cent to Rs 50.5 crore during the quarter, largely on the back of operating costs growth being curtailed at 16 per cent. The bank saw a 36.5 per cent jump in throughput at Rs 2.55 lakh crore during the December quarter, while the number of transactions was up 74 per cent at 149.2 crore. The Fino Payments Bank scrip gained 1.3 per cent to close at Rs 331.2 apiece on the BSE on Wednesday, as against gains of 0.86 per cent on the benchmark.

Banks' valuation discount to Sensex hits 10-year high, shows data

This is due to a relatively poor showing by top banking stocks on the exchanges in recent months. Analysts attribute this to the prospects of their muted earnings growth in the next few quarters

LIVE: Pneumonia outbreak kills over 200 children in Pakistan, says report

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LIVE news: Tata Steel posts Rs 513 crore profit in Q3, revenue drops 3%

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