Saturday, 19 April 2025
Trending
Stock Market

In the afternoon session, the Sensex and Nifty fall

  • In Friday afternoon trade, the benchmark indexes Sensex and Nifty experienced a decline.
  • Tech Mahindra’s objective to drive a balanced portfolio mix with less reliance on communications is commendable.
  • A dividend of ₹7 per equity share of ₹10 each has been recommended by the Ponni Sugars (Erode) board for the FY 2023–2024.

In Friday afternoon trade, the benchmark indexes Sensex and Nifty experienced a decline, with the latter closing at 73,831.24 and the former at 22,448.70.

Along with Divis Lab, LTIM, Bajaj Auto, and Wipro, Tech Mahindra’s stock increased 7.71% on the Nifty. Bajaj FinServ, Apollo Hospitals, Nestle India, Bajaj Finance, and Shriram Finance were the laggards.

Sensex and Nifty

Tech Mahindra’s objective to drive a balanced portfolio mix with less reliance on communications is commendable, according to Prabhudas Lilladher, but the cyclicality of its portfolio business and weaknesses across its business units make it appear difficult.

In FY25e and FY26e, respectively, the company plans on 1.8% and 6.0% YoY CC revenue growth and an adjusted margin increase of 70bps and 300bps. The P/E of the company, which has a target price of ₹1,135 and is now trading at 20x FY26e, is 19x for FY26e.

3.55% less than the previous quarter, at ₹2,118.53 crore, was Bajaj Finserv’s consolidated net profit for the quarter that ended in March 2024.

A dividend of ₹7 per equity share of ₹10 each has been recommended by the Ponni Sugars (Erode) board for the fiscal year 2023–2024. The dividend is scheduled to be paid on or before June 12, 2024.

Though the weekly chart indicates that the price range of ₹1,760-1,850 is a strong support band, indicating a potential for a corrective rally or positive trend reversal, Dalmia Bharat (₹1,825) has been in a decline since the beginning of 2024.

Asian Hotels (North) trading at ₹146.80 on the NSE, up 1.94%, and HG Solar Projects Private Limited, two owned subsidiaries of Jayshree Chemicals, approved by NCLT Kolkata.

Related posts
Stock Market

Markets Rebound Sharply Amid Global Jitters: What’s Fueling the Surge

Indian markets staged a sharp afternoon rally; Nifty gained 400+ pts, Sensex up 1,450+. US…
Read more
Stock Market

IndusInd Bank Boosts Sensex to New Heights

Sensex closed above the 77,000 mark amid a volatile session. Nifty 50 ended strong at 23,437…
Read more
Stock Market

Sensex Target Reduced by Morgan Stanley: 7% Growth Ahead

Morgan Stanley trims Sensex target to 82,000 for December 2025, a 12% cut. Base-case scenario…
Read more
Newsletter
Become a Trendsetter

To get your breaking, trending, latest news immediately without diluting its truthfulness join with worldmagzine immediately.

Leave a Reply

Your email address will not be published. Required fields are marked *

AsiaEmergency

One dead and seven missing after Japan Navy helicopters crash

Worth reading...