Nestle India experienced robust revenue growth during the quarter. The company, analysts believe, gained from enhanced distribution. Thus, it is expected to see margin expansion of over 100 bps.
Stocks to Watch today, Wednesday, July 24, 2024: HUL reported a 2.2 per cent Y-o-Y rise in consolidated net profit at Rs 2,610 crore for Q1FY25, in line with market expectations
From the low, Nifty recovered 470 points towards 24544 and ended the session at 24479.
In the worst-case scenario, the Sensex can slide to 75,800 levels, which is the 50 per cent retracement level from the June 4 Lok Sabha election outcome-day low, said Ajit Mishra of Religare Broking.
The fall came after investors flocked to book profits after strong Q1FY25 results.
The fall in the stock price came after the company announced a weak set of June quarter of financial year 2025 (Q1FY25) results.
The uptick in the stock price came after the company announced that it has secured an order from the Ministry of Railways (Railway Board).
Recently, Tata Steel experienced a significant decline, dropping nearly 22 points after forming a double top at the 180 level.
The jump in the stock price came on the back of strong June quarter results (Q1FY25).
The surge in stock price came after the Mumbai-based company's profit rose nearly 82 per cent year-on-year (Y-o-Y) to Rs 584.5 crore in the June quarter of financial year 2025 (Q1FY25).
The uptick in the stock price came after the company announced that it has secured a letter from East Central Railway regarding the appointed date for the project in Bihar.
Analysts said BPCL reported a robust performance in the June quarter (Q1FY25) despite a challenging environment.
DMart witnessed a substantial increase in price in the last couple of trading sessions from the 21 DEMA on the daily chart.
From a technical standpoint, the daily chart has revealed an inverse head and shoulders pattern with a neckline at Rs 1,620 & Bajaj Finserv stock is holding steady above this level around Rs 1,640.
Stock Market Highlights on Friday, July 19, 2024: The selling in the broader market was even steeper with the BSE MidCap and SmallCap indices falling 2.2 per cent each
The share price rose after the company announced that it has secured mutli-million dollar contract extension from Absa Bank.
The bank's standalone net profit rose 45.4 per cent to Rs 294.1 crore in Q1FY25, as opposed to Rs 202.4 crore in Q1FY24.
The fall in the stock price came on the back of weak earnings in the June quarter of financial year 2025 (Q1FY25).
The fall in the stock came after the company announced that it has secured an Official Action Indicated (OAI) report from the United States Food and Drug Administration (USFDA).
Shares of VST Industries hit a 52-week high of Rs 4,784.45, rallied 16% after the company said its board may consider issue of bonus shares in the forthcoming meeting on Thursday, July 25, 2024.