Updated – April 22, 2024 at 09:05 AM.
Sensex, Nifty, Share Prices LIVE: Indian equity markets are expected to start strong following positive sentiments from GIFT Nifty and Asia stocks. Asian stocks gained as the focus shifted from Middle East tensions to company earnings and economic data for insight into the direction of central bank policy. Shares in Hong Kong outperformed with the benchmark gaining more than 2%. Japan’s Nikkei rose 0.72% to 37,334.97 by the midday break.
tock Market today | Share Market Live Updates: Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 22nd April 2024
ALL UPDATES
- April 22, 2024 09:05
Stock Market Live: Goldman Sachs maintains ‘Sell’ rating on Wipro with a revised target price of Rs. 430.
- April 22, 2024 09:04
Stock Market Live Updates: Earnings presentation, financial results of companies
Jio Financial, Wipro, Hindustan Zinc, HDFC AMC, ICICI Securities, Network18 Media, Tv18 Broadcast and Reliance Industrial Infrastructure web links:
Jio Financial Services 3QFY24 Earnings
Wipro 3QFY24 Earnings
Hindustan Zinc 3QFY24 Earnings
HDFC AMC 3QFY24 Earnings
ICICI Securities 3QFY24 Earnings
Network18 Media & Investments 3QFY24 Earnings
Tv18 Broadcast 3QFY24 Earnings
Reliance Industrial Infrastructure 3QFY24 Earnings
- April 22, 2024 08:59
STock Market Live Updates: Wipro’s results in line with expectations, says Nirmal Bang Retail Research
Nirmal Bang Retail Research on Wipro:
Revenues CC QoQ came at -0.3% vs expectation of -0.4%, QoQ -1.7%, YoY -0.6%
Result is in line of expectation
Dollar revenue came at $ 2657.4 Mn,(0% QoQ, -5.9% YoY) vs expectation of $ 2656.3 Mn, QoQ $ 2656.1 Mn, YoY $ 2823 Mn
Net sales came at Rs. 22208.3 Cr (0% QoQ, -4.2% YoY) vs expectation of Rs. 22107.9 Cr, QoQ Rs. 22205.1 Cr, YoY Rs. 23190.3 Cr
EBIT came at Rs. 3550.1 Cr (8.9% QoQ, -3% YoY) vs expectation of Rs. 3409.5 Cr, QoQ Rs. 3260.3 Cr, YoY Rs. 3658.7 Cr
EBIT Margin came at 16% vs expectation of 15.4%, QoQ 14.7%, YoY 15.8%
Adj. PAT came at Rs. 2858.2 Cr vs expectation of Rs. 2818 Cr, QoQ Rs. 2694.2 Cr, YoY Rs. 3074.5 Cr
Quarter EPS is Rs. 5.4
Stock is trading at P/E of 19.6x FY25E EPS
- April 22, 2024 08:57
Share Market Live Updates: Hindustan Zinc’s result is broadly in line with expectations, says Nirmal Bang Retail Research
Nirmal Bang Retail Research on Hindustan Zinc Ltd’s quarterly results
The result is broadly in line with expectations
Revenue from Operations came at Rs. 7549 Cr (3.3% QoQ, -11.3% YoY) vs expectation of Rs. 7350 Cr, QoQ Rs. 7310 Cr, YoY Rs. 8509 Cr
EBIDTA came at Rs. 3649 Cr (3.6% QoQ, -14.2% YoY) vs expectation of Rs. 3631.9 Cr, QoQ Rs. 3521 Cr, YoY Rs. 4255 Cr
EBITDA Margin came at 48.3% vs expectation of 49.4%, QoQ 48.2%, YoY 50%
Adj. PAT came at Rs. 2038 Cr vs expectation of Rs. 2040.9 Cr, QoQ Rs. 2028 Cr, YoY Rs. 2583 Cr
Quarter EPS is Rs. 4.8
Stock is trading at P/E of 17.6x FY25E EPS
- April 22, 2024 08:52
Stock Market Live Today: IPO screener: Vodafone Idea FPO closes today
Today is the last date to subscribe to Vodafone Idea’s further public offer. The mega ₹18,000-crore FPO has so far been subscribed by 0.49 times. The FPO price band has been set at ₹10-11.
- April 22, 2024 08:51
Share Market Live Updates: Department of Public Enterprise has granted Navratna status to National Fertilizers
- April 22, 2024 08:48
Share Market Live Updates: HDFC Bank net profit rises 37% y-o-y to ₹16,512 crore
HDFC Bank on Saturday reported a 37.1% year-on-year (YoY) increase in its standalone profit at Rs 16,512 crore in the March quarter.Its net interest income (NII) during the quarter grew 24.5% to Rs 29,077 crore.HDFC Bank also declared a dividend of Rs 19.5 per share for FY24.
Important links:
- April 22, 2024 08:42
Share Market Live: Landmark Cars drives its position in Hyderabad with M&M dealership: Monarch Networth Capital
Monarch Networth Capital on Landmark Cars:
Landmark Cars drives forward its position in Hyderabad with M&M dealership
Landmark Cars has signed a Letter of Intent with Mahindra & Mahindra for opening three showrooms and four workshops in Hyderabad
This strategic initiative underscores Landmark’s commitment to solidifying its presence in the vibrant Hyderabad market. Mahindra & Mahindra will be the third dealership for Landmark Cars in Hyderabad, after Mercedes-Benz and Kia.
In the past 6-12 months, the company has partnered with six MG dealerships, opened a workshop with Mercedes-Benz in Hyderabad, and established its presence in the electric vehicle market with a fourth BYD showroom in South Mumbai. These developments seem to position the company well for growth and success in the future.
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With a robust pipeline for both organic and inorganic expansion, the company is poised for further growth. In FY25, operations are slated to commence in key locations including Hyderabad for KIA, Mumbai for MG, South Mumbai for BYD, and both Hyderabad and Mumbai’s Ghatkopar for Mercedes-Benz service centres.
Furthermore, the homologation certificate from ARAI for the BYD Atto-3 and the initiation of BYD new Seal deliveries in April underscore the company’s commitment to innovation and market penetration, setting a promising foundation for future success.
We believe Landmark Cars is an excellent proxy play for the growing premiumization trend in the Indian passenger vehicle (PV) market. This recent inclusion aligns seamlessly with the company’s strategy to expand its footprint.
We currently hold a BUY call on the stock with a TP of Rs.900. and we will reassess this post-Q4FY24 results.
- April 22, 2024 08:36
Stock Market Live Updates: Major global economic events today
CHINA 5 Year Loan Prime Rate (Expected: 3.95% versus Previous: 3.95%)
EURO ECB President Lagarde Speaks
- April 22, 2024 08:34
Share Market Live Updates: Major US-listed stocks earnings today
Verizon Communications Inc. (Pre market) (Sector – Technology)
Truist Financial Corporation (Pre market) (Sector – Financials)
Joint Stock Company (Pre market) (Sector – Technology)
Albertsons Companies, Inc. (Pre market) (Sector – FMCG)
SAP SE (Post market) (Sector – Technology)
Cadence Design Systems, Inc. (Post market) (Sector – Technology)
Nucor Corporation (Post market) (Sector – Metals)
AMERIPRISE FINANCIAL SERVICES, LLC (Post market) (Sector – Financials)
Brown & Brown, Inc. (Post market) (Sector – Financials)
Alexandria Real Estate Equities, Inc. (Post market) (Sector – Infrastructure)
Packaging Corporation of America (Post market) (Sector – FMCG)
Medpace Holdings, Inc. (Post market) (Sector – Healthcare)
Equity Lifestyle Properties, Inc. (Post market) (Sector – Infrastructure)
Cleveland-Cliffs Inc. (Post market) (Sector – Metals)
- April 22, 2024 08:33
Stock Market Live Today: Stock to buy today: Raymond (₹2,011.25)
The outlook is bullish for Raymond. Its share price can rise to ₹2,150. Watch the video here.
- April 22, 2024 08:30
Stock Market Live Updates: Securities in F&O ban today
Securities in F&O Ban For Trade Date 22-April-2024
* BALRAMPUR
* BANDHANBK
* BIOCON
* EXIDE
* IDEA
* METROPOLIS
* PEL
* SAIL
* ZEEL
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