Share Market HIGHLIGHTS: Sensex ends 802 pts lower, Nifty50 slumps to 21,522; financial, oil & gas, FMCG shares weigh on Dalal Street; Bajaj Finance plunges 5%

Sensex ends 802 pts lower, Nifty slumps to 21,522 as financial, oil & gas, FMCG shares weigh on D-Street; Bajaj Finance plunges 5%

Share Market Today LIVE | Sensex drops over 850 pts, Nifty slides below 21,550 amid volatility 

Indian Hotels Q3 results preview | PAT estimated to grow 14.4%, margin likely to see a slight drop

The Indian Hotels Company Limited (IHCL) is all set to report its financial results on Thursday, February 1.

Indian Hotels results expectations: What's in it for investors?

According to Zee Business research, the Tata Group hotel company is likely to report a 14.8 per cent year-on-year (YoY) increase in consolidated revenue to Rs 1,935 crore for the quarter ended December 31, 2023.

Further, IHCL's earnings before interest, taxes, depreciation, and amortisation (EBITDA) are estimated to grow by 16.2 per cent YoY to Rs 694 crore.

The hotel chain is likely to report a growth of 14.4 per cent in profit after tax (PAT) to Rs 438 crore.

Meanwhile, the research desk estimates a slight drop in the margin—a key measure of profitability for a business—to 35.1 per cent versus 35.4 per cent logged in the year-ago period. Read more 

Share Market Today LIVE | Sensex drops nearly 600 pts, Nifty slides below 21,600 amid volatility 

Share Market Today LIVE | Marico shares gain post-in-line Q3 results; is it the right time to invest?

Marico shares gain, a day after the Mumbai-headquartered FMCG company posted a set of Q3 results that were in line with analysts' estimates. Continuing a winning run for a second straight session, the stock trades 1.36 per cent lower at Rs 523.6 on BSE.

Marico Q3 results

After market hours on Monday, the homegrown FMCG major reported a 15.9 per cent increase in consolidated net profit to Rs 386 crore for the fiscal third quarter. Howver, the company registered a 1.9 per cent decline in quarterly revenue from operations to Rs 2,422 crore. Read more 

BLS E-Services IPO | Should you subscribe? Check Anil Singhvi's view

The initial public offering (IPO) of the BLS E-Services is now open for subscription. The bidding for this IPO is open for three and will close on February 1, 2024. The company, which has diverse sources of revenue, aims to raise Rs 310.91 crore via the issuance of fresh shares. 

BLS E-Services IPO Buy or Not: Check Anil Singhvi's View

According to Zee Business Managing Editor Anil Singhvi, there are chances of big listing gains in this IPO. 

"Apply for big listing gains because there are chances that this IPO will do well on listing considering the kind of business it is into," Singhvi said.

BLS E-Services IPO: Positives 

- Experienced management and strong promoter background

- Unique business model

- Strong growth record through acquisition 

- Asset-light business model

- Free cash flow and debt-free. Read more

Stocks to Buy | HDFC Bank, Dr Reddy's Labs, HAL among analysts' top picks

In conversation with Zee Business Managing Editor Anil Singhvi, market experts Himanshu Gupta, Avinash Gorakssakar, Rakesh Bansal, Kunal Saraogi, Sumeet Bagadia and Sandeep Jain share their top stock recommendations in this special segment, Pick of the Day.

On the top analysts' 'buy' list are stocks such as Dr Reddy's Laboratories, Cummins India, Persistent Systems, Hindustan Aeronautics Ltd (HAL), HDFC Bank, Heidelberg Cement and Shree Digvijay Cement. Read more

Share Market Today LIVE: Buy Divi's Labs shares, says Shilpa Rout

Shilpa Rout of Prabhudas Lilladher recommends buying Divi's Labs shares for a target of Rs 3,800 with a stop loss at Rs 3,590.

Here's how the pharma stock has fared in the past year: 

Image: BSEIndia.com 

Share Market Today LIVE | BPCL hits new 52-week high as Q3 profit jumps 82% on year; Citi sees 14% upside 

Shares of BPCL marks a fresh 52-week high of Rs 510.75, rallying as much as 3.68 per cent after the state-run oil marketing company (OMC) posted an 82 per cent jump in its net profit for the December quarter (Q3FY24).

The company's consolidated net profit for the October–December period of the current fiscal year came in at Rs 3,181.42 crore in comparison to Rs 1,747.01 crore logged in the same period of the previous financial year. In the July–September period, the company’s profit stood much higher at Rs 8,243.55 crore. Read more 

Sun Pharma Q3 Preview | Firm likely to post healthy set of numbers; gRevlimid sales expected to be around Rs 4.5 crore  

Sun Pharmaceutical Industries, the multinational pharmaceutical company headquartered in Mumbai, is scheduled to release its December quarter (Q3 FY24) results on Wednesday, January 31. The pharma major, as per analysts, is slated to report a healthy set of numbers for the quarter under review.

According to Zee Business Research desk, consolidated revenue at the company is expected to grow 9.5 per cent year-on-year (YoY) to Rs 12,303 crore against Rs 11,241 crore logged in the year-ago period. EBITDA, or earnings before interest, taxes, depreciation, and amortisation, is pegged at Rs 3,259 crore, up 8.5 per cent YoY. In the corresponding quarter of the previous fiscal, EBITDA stood at Rs 3,004 crore. Read more

Share Market Today LIVE: Buy Zyrus Lifesciences Rs 760 call option, recommends Shilpa Rout

Shilpa Rout of Prabhudas Lilladher recommends buying the Rs 760 call option of Zydus Lifesciences at Rs 31 for targets of Rs 41 and Rs 43 with a stop loss at Rs 25.  

Share Market Today LIVE | Vodafone Idea falls despite telecom firm reports good third quarter numbers

Vodafone Idea slips despite after the telecom company reported good operational and bottomline performance. The stock of the company is trading lower by 0.68 per cent, or Rs 0.1, at Rs 14.6 on BSE. Read more 

Share Market Today LIVE: Buy Tata Motors shares, sell SRF futures, says Sneha Seth 

Sneha Seth of Angel One shares two trading calls with Zee Business viewers: 

• Buy Tata Motors shares for a target of Rs 887 with a stop loss at Rs 842
• Sell SRF futures for a target of Rs 2,154 with a stop loss at Rs 2,282

Share Market Today LIVE: What market wizard Anil Singhvi recommends on newly-listed Epack Durable    

Zee Business Managing Editor Anil Singhvi suggests investors hold on to their positions with a perspective of 1-3 years.

For short-term investors, he recommends placing a stop loss at Rs 215.

Read more on Epack Durable listing

Share Market Today LIVE | UTI AMC hits a 52-week high, Nippon Life AMC also jumps after mutual fund firms report strong Q3 numbers

UTI AMC shares hit a 52-week high of Rs 965, while Nippon Life India AMC trades in positive territory on BSE on Tuesday (January 30, 2024) after both mutual fund AMCs reported good December quarter numbers. 

UTI AMC share price and Q3 results

UTI Asset Management Company is soaring higher by 7.15 per cent, or Rs 62.05, at Rs 929.6 on BSE. The AMC reported its Q3 number post market hours on Monday, reporting a 38 per cent rise in its standalone profit after tax (PAT) to Rs 150 crore against Rs 109 crore Year-on-Year (YoY)

Nippon Life Share Price and Q3 Results

The stock of the Nippon Life India Asset Management Company trade higher by 0.2 per cent, or Rs 1.05, at Rs 524.5 on BSE. 

The company's standalone PAT jumped by 33.83 per cent to Rs 265 crore against Rs 198 crore YoY. Its revenue from operations for the December quarter was up by 18.78 per cent to Rs 392 crore compared to Rs 330 crore. Read more