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Market Recap 17-05-2024


Market Recap |seben Capital

Indian Indices

I) Nifty: open 22415 and touched the high of 22502 then the low of 22345 and closed at 22406 with 62 points in Positive

II) Bank Nifty: open 47842 and touched a high of 48188 then a low of 47758 and closed at 48115 With a total of 138 points in Positive

III) Fin Nifty: open 21354 and touched a high of 21509 then a low of 21320 and closed at 21478 With a total of 62 points in Positive

IV) Nifty Mid Select: open 11319 and touched a high of 11324 then a low of 11262 and closed at 11301 With a total of 24 points in Positive

NSE Advance and decline

Nifty 500 Top Gainer

Kaynes Technology share price: Profit after tax (PAT) came at Rs 81.3 crore, up 96.8 percent on a year-on-year (YoY) basis. During the quarter under review, the PAT margin was at 12.8 percent. Revenue from operations jumped 74.8 percent (YoY) to Rs 637.3 crore in Q4 FY24.

CG Consumers On a yearly basis, Crompton Greaves' profit soared 5.5 percent to Rs 138.4 crore in the March quarter of FY24, from Rs 131 crore in the March quarter of FY23

Mazagon Dock Shipbuilders stock surged 14.57% to Rs 2794.40 against the previous close of Rs 2439 on BSE. The market cap of Mazagon Dock rose to Rs 55,808 crore.

Godfrey Phillips India had said in an exchange filing on April 12 that it plans to exit the loss-making 24Seven convenience chain "following a detailed review of the company's retail business division

Nifty 500 TOP LOSER

eClerx Services share buyback: The IT firm said its board has approved the proposal of buy back of not exceeding 13,75,000  fully paid-up equity shares of face value Rs 10 each for an amount not exceeding Rs 385 crore

Honeywell Automation's share price declined more than 5% in the morning trades post-Q4 results, however, reversed the downward trend and jumped 15% from the day's lows to scale new 52-week highs.

Prism Johnson Net sales fell marginally to 20.46 billion rupees from 20.56 billion rupees a year ago. Revenue from Prism Johnson's largest segment, cement, declined 3.3%. Cement makers usually resort to price cuts in the March quarter to boost sales volumes, in order to clear year-end inventory backlogs.

Sectoral Performance



Outperforming stocks vs nifty 500 over 1 week

read more at - https://trendlyne.com/fundamentals/v1/stock-screener/79795/relative-outperformance-versus-nifty500-over-1-week/

Underperforming Stock vs Nifty 500 over 1 week

read more at - https://trendlyne.com/fundamentals/stock-screener/231110/relative-underperformance-versus-nifty500-over-1-week/index/NIFTY500/nifty-500/

Stock With Rising Volume


Mahindra & Mahindra is trading 5.97% upper at Rs 2,514.45 as compared to its last closing price. Mahindra & Mahindra has been trading in the price range of 2,557.95 & 2,426.00. Mahindra & Mahindra has given 37.14% in this year & 7.20% in the last 5 days

Ultratech Cement is trading 1.85% upper at Rs 9,887.00 as compared to its last closing price. Ultratech Cement has been trading in the price range of 9,899.00 & 9,567.05. Ultratech Cement has given -7.56% in this year & 2.78% in the last 5 days.

Written by devesh gupta

I am Devesh Gupta, a Junior Analyst at Seben Capital, where I specialize in finance with a focus on market research and data analysis. I support investment decisions by translating complex financial data into actionable insights. My role at Seben Capital allows me to contribute significantly to our investment strategies, leveraging my analytical skills to drive success.

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