Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences.
Closing Bell: Sensex Halts Four-Day Rally; Nifty Ends Lower For The Second Day
The Indian equity benchmark – S&P BSE Sensex – halted four-day winning streak, while the NSE Nifty 50 Index ended lower for the second straight day.
The 31-stock Sensex ended 0.2 percent lower at 35,103, while the 50-stock Nifty closed at 10,679, down 0.4 percent.
The market breadth was tilted in favour of sellers. Six out of 11 sectoral gauges compiled by NSE fell, led by NSE NIfty IT Index's 2 percent decline. On the flip side, NSE Nifty Metal Index was the top sectoral gainer, up 0.8 percent.
PNB Housing Finance Q4 Profit Misses Estimates
Key earnings highlights (Q4, YoY):
Net profit fell 73.6 percent at Rs 19.2 corre.
Revenue fell 71.5 percent 1,569.9 crore.
Gross NPAs at 0.33 percent versus 0.22 percent.(YoY)
Net NPAs at 0.25 percent versus 0.15 percent (YoY)
Provisions and write-offs at Rs 44.4 crore versus Rs 66.7 crore (YoY); Rs 56.1 crore (QoQ).
Emami Q4 Profit Declines, Announces Bonus Issue
Shares of the healthcare products maker ended lower for the ninth day, the longest losing streak in five months. The stock closed 1.1 percent lower at Rs 1,095 after the earnings announcement. The company also announced 1:1 bonus issue.
Key earnings highlights (Q4, YoY)
Net profit down 28 percent at Rs 60.23 crore.
Revenue up 8 percent at Rs 617 crore.
Ebitda down 2.8 percent at Rs 173 crore.
Margin at 28.1 percent versus 31.2 percent.
Adani Ports' Quarterly Profit Declines The Most In Four Years
Shares of Adani Ports ended 1.2 percent lower at Rs 396.40. The Gautam Adani-led company reported its biggest quarterly profit decline since 2014.
Key Earnings Highlights (Q4, YoY)
Revenue up 42.6 percent at Rs 3,182.8 crore.
Net profit down 20.6 percent to Rs 927 crore.
Net Debt at Rs 17,945 crore versus Rs 18,600 crore.
Margin at 60.7 percent versus 59.8 percent.
Ebitda up 44.8 percent at Rs 1,931.3 crore.
Earnings Growth Will Take Care Of Market’s Concerns Says Taher Badshah
Rashesh Shah, Chairman At Edelweiss Group Speaks To BloombergQuint
MRF Posts Highest Quarterly Profit Growth In Over Two Years, But Misses Estimates
Radico Kaithan's Profit Doubles During March Quarter
Cera Sanitaryware Declines After Q4 Profit Misses Estimate
Greaves Cotton Pares Losses After Q4 Profit Gains
Edelweiss Swings After Fourth-Quarter Profit Meets Estimate
#ASKBQ: Check The Strength Of Your Portfolio
Block Deal Alert
SEBI’s Move To Simplify Choice For Mutual Fund Investors Hasn’t Worked
Venky's Pares Losses After Q4 Profit Gains
Varun Beverages Swings After Quarterly Results Announcement
Elpro International Gains 50% In Four Days, Surges To Record High
Trend Spotting: Are Midcap IT Valuations More Attractive Than Large-Caps?
Pirojshaw Sarkari, CEO At Mahindra Logistics Speaks To BloombergQuint
Block Deal Alert
HCC Headed For Record Drop As Unit Defaults
Xiaomi Files in Hong Kong for World's Biggest IPO Since 2014
Vedanta Declines Ahead Of Quarterly Results Announcement
Siddharth Agrawal, Director, Godawari Power And Ispat Speaks To BloombergQuint
The F&O Show: What Are The Experts Betting On In May Series?
Sical Logistics Gains After WInning New Contract
Biocon Declines After FDA Issues Form 483
Indian Open: Decoding Equitas Small Finance Bank's Q4 earnings, April Auto Sales, And More.
Bharat Madan, Group CFO At Escorts Speaks To BloombergQuint
Raghavan HKN, President - Outreach & Inclusive Banking, Equitas Small Finance Bank Speaks To BloombergQuint
PC Jeweller Set For Longest Losing Streak In 5 1/2 Years
HCL Technologies Falls 10% In Last Two Days, P/E Below Two-Year Average