Sensex Today Live Updates : Sensex, Nifty green at open, following Asian peers higher; Tata Cons., HUL in focus
₹267.7 crore in Q4FY24, down from ₹345.6 crore recorded in Q4FY23. However, the company's operational revenue for the quarter increased by 8.5%, to ₹3,927 crore in A4FY24 from ₹3,619 crore in Q4FY23. From an operational standpoint, the company's EBITDA for the March quarter was ₹629.6 crore, marking a 23% growth from the ₹511.7 crore reported in the same period last year.
Its EBIT margin increased by 160 basis points to 16%, compared to 14% in the year-ago period. The group's net profit before exceptional items stood at ₹427 crore, a 46% increase, driven by robust operational performance and one-time tax credits during the quarter. In addition, the company's board proposed a final dividend of 775% for FY24, translating to ₹7.75 per equity share of ₹1 each, subject to shareholders' approval.Sensex Today Live : 14 of the 50 stocks on the Nifty 50 were in the red.
Tata Consumer Products, HDFC Life, IndusInd Bank, SBI Life and Infosys, were the top drags, while Cipla, Nestle India, Axis Bank, UltraTech Cement, and Adani Ports, were the top gainers. Sensex Today Live : Only six of the 30 stocks on the Sensex were in the red. IndusInd Bank, Infosys, Mahindra & Mahindra, Hindustan Unilever, and ITC, were the biggest drags, while Axis Bank, JSW Steel, UltraTech Cement, Tata Steel, and Nestle India, were the top gainers.
Sensex Today Live : "BankNifty has been hovering near the 48,000 zone with bias maintained positive and would need a decisive breach above 48,400 levels to confirm clarity and anticipate further rise. The zone near 46,800 levels would remain the important support zone for the index as of now. Bankex has support at the 20 DMA level of 53,950 for the day and would need a decisive move past the 54,800 zone for the
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