Market News
3 min read | Updated on April 02, 2025, 15:14 IST
SUMMARY
Stock market today: Shares of real estate companies were in demand on Wednesday, April 2, amid a decent rise in the benchmark indices. The NIFTY REALTY index jumped as much as 3.3% to 852.20 levels in the trade. Last seen, the index was trading 3% higher at 849.60 levels. Shares of Macrotech Developers were trading over 4.8% higher at ₹1,213.25 apiece on the NSE.
At 02:55 PM, the S&P BSE SENSEX was trading at 76,466.83, up 442.32 points, or 0.58%. | Image: Shutterstock
At 02:55 PM, the S&P BSE SENSEX was trading at 76,466.83, up 442.32 points, or 0.58%, while the NSE's NIFTY50 index was trading at 23,286.85, up 121.15 points, or 0.52%.
The company posted a 21.23% jump in consolidated net profit to ₹218.68 crore for the third quarter of the 2024-25 fiscal year on robust sales.
The company reported a net profit of ₹180.37 crore in the year-ago.
Total income increased by 40% to ₹7,318.19 crore during the December quarter of the 2024-25 fiscal year from ₹5,243.20 crore in the year-ago period.
The NIFTY REALTY index jumped as much as 3.3% to 852.20 levels in the trade. Last seen, the index was trading 3% higher at 849.60 levels.
Shares of Macrotech Developers were trading over 4.8% higher at ₹1,213.25 apiece on the NSE.
According to reports, the turnover was lower than the company’s FY25 order inflow guidance. The growth is, however, 16% higher than the previous year when the defence PSU’s turnover was registered at ₹19,820 crore in FY24.
Last seen, the stock was trading 3.53% lower at ₹281.70 on the NSE.
The stock jumped after a report by global broking firm Goldman Sachs.
According to news reports, analysts at Goldman Sachs are bullish on the stock. They said in its report that Tata Consumer Products is poised for strong earnings per share (EPS) growth over FY25-27.
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