Market News
5 min read | Updated on April 28, 2025, 12:29 IST
SUMMARY
The 30-share SENSEX rose as much as 888 points and NIFTY50 index touched an intraday high of 24,291.65 led by gains in index heavyweights like Reliance Industries, ICICI Bank, Bank, Larsen & Toubro, Axis Bank and Sun Pharma.
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NIFTY50 and SENSEX gain for fifth consecutive session on Tuesday. Image source: Shutterstock.
The Indian equity benchmarks were trading on a strong note on Monday and were on track to snap their two-day losing streak. The 30-share SENSEX rose as much as 888 points and NIFTY50 index touched an intraday high of 24,291.65 led by gains in index heavyweights like Reliance Industries, ICICI Bank, Bank, Larsen & Toubro, Axis Bank and Sun Pharma. As of 12:01 pm, the SENSEX was up 865 points at 80,075.26 and NIFTY50 index advanced 248 points to 24,288.
Billionaire Mukesh Ambani-backed Reliance Industries on Friday, April 25, reported a net profit of ₹19,407 crore for the January-March quarter (Q4FY25), marking an increase of 2.41% from ₹18,951 crore logged in the same period last year.
Its revenue from operations advanced 10% to ₹2,64,573 crore at the end of the March quarter, as against ₹2,40,715 crore reported in the year-ago period.
Operationally, Reliance Industries' operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), rose 3.1% to ₹43,832 crore from ₹ 42,516 crore in the corresponding period last year. Its operating profit margin, also known as EBITDA margin, shrank by 110 basis points (bps) to 16.57% from 17.66%.
The board of directors of the company has recommended a dividend of ₹5.5 per share for the financial year 2024-25.
The company’s net interest income (NII) climbed 9.4% YoY to ₹5,565.5 crore in the January-March quarter of FY25 as compared to ₹5,089 crore in the same quarter of last year.
M&M, on the other hand, surged as much as 2.82% to ₹2,945 on the NSE.
On Saturday, M&M said it would acquire a 58.96% stake in commercial vehicle maker SML Isuzu for ₹555 crore. As part of the transaction, the Mumbai-based automaker would acquire the entire stake of 43.96% held by Sumitomo Corporation, promoter of SML, and separately acquire a 15% stake held by Isuzu Motors Ltd, public shareholder of SML, for an aggregate consideration of ₹555 crore.
The bank's deposits grew 7% annually to ₹1,10,944 crore, CASA grew by 4% YoY to ₹37,886 crore and CASA ratio came in at 34.1%.
Tejas Networks reported a consolidated net loss of ₹71.8 crore in the latest March quarter. In the year-ago quarter, the company had posted a net profit of ₹146.78 crore.
Revenue from operations increased 42.4% to ₹1,906.98 crore in Q4 FY25, compared to ₹1,339.17 crore in the corresponding period of the last fiscal year.
At the NSE, it dropped 5% to ₹85.65 - its lower circuit as well as 52-week low level.
Tata Technologies reported a 12.8% increase in consolidated net profit to ₹188.9 crore for the March quarter of the financial year 2024-25, as against ₹168.6 crore seen in the last quarter of the same fiscal year.
Its revenue from operations inched up marginally by 2.4% to ₹12,856.5 crore during the reporting quarter as compared to 1317.38 crore quarter-on-quarter (QoQ).
The bulk deal data on Friday (April 25) evening showed that Nokia Solutions and Networks India has divested nearly 1% of its stake in the debt-saddled telecom operator.
The stock jumped as much as 1.33% to ₹7.57 on the NSE. However, last seen, the stock was trading 0.27% lower at ₹7.45 on the NSE.
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