Market News
4 min read | Updated on April 22, 2025, 12:56 IST
SUMMARY
Stock market today: Shares of Alok Industries were trading 16.21% higher at ₹19.14 apiece on the BSE after the company announced its March quarter numbers. The stock rallied as the company reported a narrowing of losses for Q4. The company reported a loss of ₹74.47 crore as compared to a loss of ₹215.93 crore in the same period last year.
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At 12:41 PM, the S&P BSE SENSEX was trading at 79,595.92, up 187.42 points, or 0.24%. | Image: Shutterstock
At 12:41 PM, the S&P BSE SENSEX was trading at 79,595.92, up 187.42 points, or 0.24%, while the NSE's NIFTY50 index was trading at 24,177, up 51.45 points, or 0.21%.
The stock rallied as the company reported a narrowing of losses for Q4. The company reported a loss of ₹74.47 crore as compared to a loss of ₹215.93 crore in the same period last year.
Meanwhile, the revenue from operations fell 35.1% to ₹952.96 crore in the quarter under review. In the fourth quarter of the previous year, the company reported a revenue of ₹1,469.31 crore.
Gensol Engineering shares stood at ₹105.17 apiece, down 5%—the lowest trading permissible limit as well as a 52-week low level—on the NSE on Tuesday. The company’s market capitalisation stood at ₹399.67 crore.
In a welcome move for banks, the RBI has toned down its earlier proposal on liquidity norms, announcing that retail deposits accessed via internet and mobile banking will attract an additional run-off factor of only 2.5%, instead of the steeper 5% initially suggested in last year’s draft guidelines.
In banking parlance, the "run-off factor" refers to the percentage of deposits a bank anticipates will be withdrawn in a short-term stressed situation. It is a key component in calculating a bank's liquidity coverage ratio (LCR), which measures a bank's ability to withstand a sudden surge in withdrawals.
Eternal, formerly known as Zomato, last week proposed a cap on total foreign ownership at 49.5% on a fully diluted basis, in a move aimed at strengthening regulatory compliance and preserving long-term control amid expansion in quick commerce.
According to news reports, analysts at Goldman Sachs are bullish on the stock following this move.
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