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Market Recap 24-05-2024

Sebencapital

Published
24/05/24
Market Recap| Seben Capital


Indian Indices

I) Nifty: open 22930 and touched a high of 23026 then a low of 22908 and closed at 22957 with 10 points in Negative

II) Bank Nifty: open 48668 and touched a high of 49052 then a low of 48644 and closed at 48971 With a total of 203 points Positive.

III) Fin Nifty: open 21686 and touched a high of 21890 then a low of 21673 and closed at 21852 With a total of 120 points in Positive.

IV) Nifty Mid Select: open 11426 and touched a high of 11516 then a low of 11386 and closed at 11458 With a total of 38 points in Positive.


NSE Advance and decline


Nifty 500 Top Gainer

READ MORE AT - https://www.moneycontrol.com/stocks/marketstats/nse-gainer/nifty-500_7/

Aegis Logistics Limited at its board meeting held on May 24, 2024, announced that Mr. Rahul Durgaprasad Asthana shall be completing his second and final term of 5 (five) years as an Independent Director on May 28, 2024 and consequently, he shall cease to be an Independent Director of the Company with effect from the closure of business hours of May 28, 2024.

Finolex Cables stock surges over 14% to record high of ₹1,308.25 after posting better-than-expected Q4FY24 results. Revenue up 18.3% to ₹1,450.69 crore. Net profit rises 6.3% YoY to ₹186.1 crore. EBITDA increases 11.2% to ₹162 crore.

Inox Wind Ltd., the Wind Turbine manufacturer are up 9% on Friday and is up for the second day in a row. The stock is trading at an ex-bonus basis.


Nifty 500 TOP LOSER

READ MORE AT - https://www.moneycontrol.com/stocks/marketstats/nse-loser/nifty-500_7/

Bayer CropScience stock down 6% as Q4 net profit falls 40%

Schneider Electric Infra Q4 results: Net profit down 92% at Rs 3.28 cr

Suzlon Energy stock falls 5% as firm reports 9% drop in Q4 net profit


Sectoral Performance


Outperforming stocks vs nifty 500 over 1 week

READ MORE AT - https://trendlyne.com/fundamentals/stock-screener/79795/relative-outperformance-versus-nifty500-over-1-week/index/NIFTY500/nifty-500/


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/


Stock With Rising Volume


Headlines

Bharat Electronics is trading 3.02% upper at Rs 297.10 as compared to its last closing price. Bharat Electronics has been trading in the price range of 299.95 & 286.00. Bharat Electronics has given 56.62% in this year & 21.27% in the last 5 days.

Garden Reach Shipbuilders & Engineers stock surges over 18% to ₹1,410.15 after strong Q4FY24 results. Net profit more than doubles YoY to ₹111.60 crore. Sales jump 68.96% YoY to ₹1015.73 crore. EBITDA triples to ₹90.5 crore in the quarter.


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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