Share Market HIGHLIGHTS: Sensex ends 232 pts higher, extends gains to 2nd session, Nifty comes within 3 pts of 19,600; Divi's, M&M jump over 4%

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Share Market HIGHLIGHTS | Sensex ends 232 pts higher, extends gains to 2nd session, Nifty comes within 3 pts of 19,600

Nifty 50

Nifty settles at 19,597.3, up 0.41 per cent on Monday. 

Source: NSE

Sensex

Sensex ends 232 points higher at 65,953.48 on Monday. 

Source: BSE

Share Market HIGHLIGHTS | Divi's, M&M, SBI Life among the top gainers in the Nifty basket

Divi's, M&M, SBI Life and LTIMindtree are among the top gainers in the Nifty basket, trading with gains of around 5-2 per cent. On the other hand, Britannia India, SBI, Bajaj Auto and Tata Motors are among the top losers, down up to 3 per cent.

Source: NSE

Coal India Q1 Results Preview | PAT estimated to fall 27% YoY, commentary on company's transformation eyed

Coal India (CIL) is expected to post soft numbers for the quarter ended June 30, 2023, according to Zee Business Research. The company, which is slated to release its financial results for the three-month period on August 8, is expected to post consolidated revenue of Rs 34,901 crore, down 0.5 per cent year-on-year (YoY).

EBITDA, or earnings before interest, taxes, depreciation, and amortisation, is estimated to drop 32 per cent YoY to Rs 8,326 crore, while the EBITDA margin is seen at 23.85 per cent against 35 per cent in the corresponding quarter of the previous fiscal year. Profit after tax (PAT) is seen at Rs 6,412 crore, down 27 per cent. The central public sector undertaking (CPSU) posted a net profit of Rs 8,833 crore in the year-ago period. Read more 

Share Market Tips LIVE | Buy EIL, Shriram Properties shares, says Vikas Sethi 

Vikas Sethi of Sethi Finmart recommends buying EIL shares for a target of Rs 165 with a stop loss at Rs 140. He recommends buying Shriram Properties shares for a target of Rs 80 with a stop loss at Rs 67.

Nifty Today LIVE | M&M, TCS, ICICI Bank among top movers

M&M, TCS, ICICI Bank and Infy are the top movers in both the Sensex and Nifty baskets at this hour. On the contrary, SBI, Kotak Bank, Axis Bank and Tata Motors are among the top draggers.

Here's a look at the heatmap in the 50-scrip universe by weight:

Share Market Today LIVE | Analysts divided on biscuit maker amid intensifying competition, rising finance costs

Britannia shares are under pressure on Monday after the FMCG major reported a mixed set of quarterly numbers amid intensifying competition owing to easing commodity prices. The stock of Britannia — whose popular brands include Tiger, Bourbon, Milk Bikis and Marie Gold — drops by as much as Rs 123.3 or 2.6 per cent to Rs 4,675 apiece on BSE, moving further away from 52-week highs touched last month. 

Britannia Q1 results
After market hours on Friday, Britannia reported a net profit of Rs 455 crore for the quarter ended June 30, translating to a year-on-year increase of 35.4 per cent. Read more 

Godrej Consumer Q1 results | PAT likely to jump 26% on strong demand 

Godrej Consumer Products is scheduled to report its quarterly numbers on Monday, August 7. Analysts expect the FMCG major — whose popular brands include Cinthol, Good Knight, Renew, Ezee and Aer — to report strong results for the April-June period driven by stable demand.

According to Zee Business research, Godrej Consumer Products is expected to report a consolidated net profit of Rs 433 crore for the first quarter of the current financial year, which translates to growth of 25.5 per cent compared with the corresponding period a year ago. The analysts estimate the company's quarterly revenue at Rs 3,491 crore as against Rs 3,125 crore for the year-ago period. Read more 

Share Market Today LIVE | Zomato shares gather steam to touch 52-week high; here's what's driving the stock

Online food delivery firm Zomato's shares touches a 52-week high on Monday, continuing to rise for the fifth session in a row. The Zomato stock gains by as much as Rs 7.4 or 7.8 per cent to Rs 102.9 apiece on BSE, surpassing a 52-week high touched on Friday.

Last week, Zomato reported an ahead-of-schedule quarterly net profit, in a sign it was on track to sustained earnings growth. The company had reported net losses for each of the eight quarters since it went public in 2021. Read more

Mahindra & Mahindra Q1 review | Analysts give a thumbs up to June quarter nos; stock likely to rise up to 20%

Mahindra & Mahindra (M&M) shares gained as much as 3.4 per cent to Rs 1,515 apiece on the BSE on Monday. The company, on Friday, released its June quarter numbers, wherein the auto major reported a consolidated net profit of Rs 3,508 crore, up 60 per cent year-on-year (YoY) against Rs 2,196 crore logged in the year-ago period. Consolidated revenue for the quarter under review came in at Rs 33,892 crore, up 19 per cent YoY. Read more

Share Market Today LIVE | Concord Biotech IPO subscribed 1.97 times on Day 2 so far

Concord Biotech’s initial public offer (IPO), worth an estimated Rs 1,551 crore, receives bids for 2,88,35,180 shares as against the 1,46,50,957 shares on offer, a subscription of 1.97 times, according to provisional exchange data on the second day of the bidding process so far. Read more 

Share Market Today LIVE | SBFC Finance IPO subscribed 9.5 times on final day so far

SBFC Finance’s initial public offer (IPO), estimated to be worth Rs 1,025 crore, receives bids for 1,26,32,03,500 shares as against the 13,35,12,817 shares on offer, a subscription of 9.5 times, according to provisional exchange data on the third and final day of the bidding process. Read more 

Stocks to Buy | HDFC Bank, Wipro, Tech Mahindra, DLF, India Cements among analysts' top picks this week

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

On the top analysts' 'buy' list are stocks such as Wipro, Balmer Lawrie, India Cements, Tech Mahindra, Nuvoco Vistas, HDFC Bank, Indian Cements, Esab India, Sasken Tech, Balrampur Chini, ABB, CRISIL and RHI Magnestia India. Read more 

Dividend Stocks | RITES, Gabriel India, Karur Vysya Bank among 5 shares trade ex-date today

A total of five stocks traded ex-dividend on Monday, August 7, according to the NSE website.

RITES dividend

RITES has announced an interim dividend of Rs 3.75 per equity share with a face value of Rs 10. The record date is also August 7.

Navneet Education dividend

Navneet Education has announced a dividend of Rs 2.6 per equity share with a face value of Rs 2.

Gabriel India dividend

Gabriel India has announced a dividend of Rs 1.65 per equity share with a face value of Re 1. Read more

Image: Pixabay / Representational image

Share Market Today LIVE | Vijay Shekhar Sharma to buy 10.3% stake in Paytm from Antfin; stock zooms 11%

Shares of One97 Communications, the parent company of digital payments company Paytm, zooms over 11 per cent on Monday after the company informed bourses that Vijay Shekhar Sharma, the founder, managing director, and CEO, will purchase a 10.3 per cent stake in the company, as per the firm's regulatory filing on August 7. The stock opened at Rs 865 and gained as much as over 11 per cent to touch the day's high of Rs 887.7 from the previous close of Rs 796.6 on the NSE. The stock trades at Rs 855.5 apiece, up by Rs 58.9, or 7.39 per cent on the NSE.

Sharma will buy the stake from Antfin (Netherlands). Read more