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Market Recap 27-05-2024

Sebencapital

Published
28/05/24
Market Recap | Seben capital


Indian Indices

I) Nifty: open 23038 and touched a high of 23110 then a low of 22871 and closed at 22932 with 24 points in Negative

II) Bank Nifty: open 49105 and touched a high of 49688 then a low of 49051 and closed at 49281 With a total of 310 points Positive.

III) Fin Nifty: open 21913 and touched a high of 22143 then a low of 21868 and closed at 21965 With a total of 113 points in Positive

IV) Nifty Mid Select: open 11514 and touched a high of 11785 then a low of 11459 and closed at 11673 With a total of 214 points in Positive.


NSE Advance and decline


Nifty 500 Top Gainer

ZFCVINDIA -Net Sales at Rs 955.52 crore in March 2024 down 2.23% from Rs. 977.28 crore in March 2023.Quarterly Net Profit at Rs. 101.07 crore in March 2024 down 0.14% from Rs. 101.21 crore in March 2023.EBITDA stands at Rs. 166.89 crore in March 2024 up 2.99% from Rs. 162.05 crore in March 2023.

Finolex - Cables stock soars 19% to hit fresh lifetime high on healthy Q4 resultsFinolex Cables' consolidated net profit rose 6.3 percent YoY to Rs 186 crore in Q4FY24

Glenmark Pharma hits 52-week high on double-digit FY25 earnings growth target, Glenmark Pharma soared as management's bullish FY25 targets offset weak quarterly earnings. Despite widening losses due to impairment charges, adjusted net profit nearly tripled, driven by a stake sale in Glenmark Life Sciences.

Ashok Leyland - Heavy Commercial Vehicles manufacturer Ashok Leyland's shares rallied 6% on Monday to hit a record high of ₹222.85. This was after the company's fourth-quarter performance was a beat, driven by improved mix and cost-control measures. This resulted in an EBITDA margin expansion of 14.1%.


Nifty 500 TOP LOSER

PNC Infratech Standalone March 2024 Net Sales at Rs 2,342.01 crore, up 10.75% Y-o-Y


Sectoral Performance


Outperforming stocks vs nifty 500 over 1 week


Underperforming Stock vs Nifty 500 over 1 week


Stock With Rising Volume


Headlines

Finolex Cables surged over 25 percent in 2 sessions after the company posted better-than-expected results for the quarter ended March 2024

Inox Wind shares tumble 10% as promoter likely sells stake via block deal


Written by Sauravsingh

Techpreneur and adept trader, Sauravsingh Tomar seamlessly blends the worlds of technology and finance. With rich experience in Forex and Stock markets, he's not only a trading maven but also a pioneer in innovative digital solutions. Beyond charts and code, Sauravsingh is a passionate mentor, guiding many towards financial and technological success. In his downtime, he's often found exploring new places or immersed in a compelling read.

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