Share Market HIGHLIGHTS: Sensex ends 34 pts lower at 72,152, Nifty at 21,930.5; SBI jumps 4%

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Share Market Update: Broader indices in the green; Nifty Micap 100 up 0.8%

The Nifty 500, the broadest index on NSE, settles with a gain of 75.8 points at 20,109.6.

Share Market Update: SBI, Grasim, HDFC Life, JSW Steel, Axis Bank rise most among 29 Nifty gainers; Tech Mahindra, Power Grid, Infosys, Adani Ports top losers

Top Nifty50 gainers

Top Nifty50 laggards

Share Market Today: Headline indices end flat; Sensex down 34 pts at 72,152, Nifty at 21,930.5

Share Market Today: European equities begin day on flat note; Deutsche Post shares fall, offset earnings bump

European shares are flat in early trade as gains in the companies with upbeat earnings reports are offset by a fall in the Deutsche Post stock. The pan-European STOXX 600 index is down 0.3 point, or 0.1 per cent, at 486.5 at this hour. 

Share Market Today LIVE | Zaggle Prepaid woos Street with strong Q3 results; shares hit all-time high

Zaggle Prepaid Ocean Services shares register a record high on Wednesday after the company reported a strong set of quarterly numbers with margin entering double digits, on the back of healthy overall growth amid easing finance costs. The stock jumps by as much as Rs 42.2, or 18.2 per cent, to an all-time high of Rs 274, surpassing an earlier peak of Rs 266.4 registered in November last year. The Zaggle stock holds on to much of its intraday gains in afternoon deals. Read more 

Page Industries Q3 Preview | Jockey's parent firm likely to post 25% YoY growth in PAT, EBITDA seen jumping 28%

Page Industries, the parent company of the Jockey brand, is set to announce its financial results for the October-December period (Q3 FY24) on Thursday, February 8. Zee Business analysts see the company reporting 25 per cent year-on-year (YoY) growth for the December quarter's profit after tax (PAT).
 
The garments and apparel company is estimated to log a PAT of Rs 155 crore for the period under review in comparison to Rs 124 crore clocked during the same period last year.
 
According to the analysts, the revenue of the company is also likely to remain flat at Rs 1,223 crore, while margins are expected to report a growth of 4 per cent to 20 per cent from 16 per cent in Q3 FY23. Read more 

Share Market Today LIVE | EIH shares hit all-time high after posting good Q3 numbers 

Shares of EIH Ltd clock an all-time high at Rs 426.15 apiece and hit the upper circuit of 20 per cent at Rs 426.15 apiece on the BSE, gaining for the fourth straight session. The stock of the flagship company of the Oberoi Group climbed after it posted good Q3 FY24 results.

On Tuesday post-market hours, India-based luxury hospitality company EIH Ltd reported a consolidated profit after tax (PAT) of Rs 229.94 crore in the third quarter ended December, up 54.6 per cent from Rs 151.08 crore in the year-ago period. Read more

Share Market Today LIVE | Should you buy Britannia, Nykaa, Ashok Leyland, other stocks today? Here is what brokerages recommend

Here's what Morgan Stanley, Macquarie, Jefferies, Citi, CLSA, JP Morgan, HSBC and Nomura make of stocks such as Britannia Industries, Nykaa and Ashok Leyland:

Britannia share target price:

Morgan Stanley has maintained an ‘overweight’ rating on the Britannia Industries stock with a target of Rs 5,013.

Macquarie has maintained a ‘neutral’ rating on Britannia shares with a target of Rs 4,650.

Max Finance share target price:

Jefferies has maintained a ‘buy’ call on the Max Financial Services stock with a target of Rs 1,200.

Navin Fluorine share target price:

Citi has maintained a ‘buy’ call on the Navin Fluorine International stock with a target of Rs 3,750. While Jefferies has maintained a ‘hold’ call on the stock with a target of Rs 2,950. Read more

Nestle India Q4 Results | PAT rises over 4% to Rs 656 crore; misses estimates 

Nestle India reports a net profit of Rs 655.61 crore for the quarter ended December 31, 2023, up 4.38 per cent against Rs 628.06 crore logged in the year-ago period. The company's revenue from operations comes in at Rs 4,600.42 crore, up 8.07 per cent against Rs 4,256.79 crore registered in the corresponding quarter of the previous fiscal.

The numbers, especially net income, falls short of analysts' expectations. Zee Business Research had estimated the company to post 10 per cent year-on-year (YoY) growth in consolidated revenue at Rs 4,700 crore against Rs 4,257 crore logged in the year-ago period. Net profit, or profit after tax (PAT), was expected to surge by 19 per cent YoY to Rs 749 crore. Read more 

Image: Reuters/ Representational image

Share Market Today LIVE | Berger Paints rises as Q3 earnings impress Street; here's what brokerages suggest

Berger Paints shares trade 0.12 per cent higher at Rs 556.45 on NSE, pausing the two days fall after the paint manufacturer company impressed D-Street with its financial results for the October-December period (Q3 FY24). Berger Paints shares gained as much as 4.03 per cent to hit the day's high of Rs 578.25 on NSE in opening deals. 

Berger Paints  Q3 results

The Kolkata-based paint maker on Tuesday post market hours posted a 49 per cent year-on-year increase in its consolidated net profit to Rs 300.16 crore for the third quarter of the current financial year.

Revenue from operations also grew by 7 per cent to Rs 2,881.83 crore during the October-December period, the company said in a regulatory filing. Earnings before interest, taxes, depreciation and amortisation (EBITDA), excluding other income, witnessed an increase of 37.3 per cent to Rs 480 crore during the period under review as compared to the corresponding quarter last year.

Berger Paints share price target: Here's what brokerages make of Q3 nos.

HSBC has maintained a buy call on the paint stock although the global brokerage has cut the target price to Rs 650 from Rs 660. Following are the calls by other brokerages: 

• Morgan Stanley maintains an underweight call with a target at Rs 471
• Macquarie maintains an underperform call with a target at Rs Rs 520
• Morgan Stanley maintains an underweight call with a target at Rs 471. Read more 

Image: Official website/ Representational image

Traders' Diary | Buy, sell or hold strategy on L&T, ITC, Pidilite, Godrej Properties, over a dozen other stocks today 

In this edition of Traders' Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Wednesday, February 7. Check out the complete list of stocks on analysts Kushal Gupta and Varun Dubey's radar.

Here's the complete list of investment and trading ideas for the day:

Kushal Gupta

• Buy Zaggle Prepaid Ocean Services shares in the cash segment for a target of Rs 242 with a stop loss at Rs 229
• Buy Jindal Steel and Power (JSPL) futures for a target of Rs 815 with a stop loss at Rs 775
• Buy the Rs 3,420 call option of Larsen and Toubro (L&T) at Rs 88 for a target of Rs 140 with a stop loss at Rs 70
• Technical pick: Buy Pidilite Industries shares for a target price of Rs 2,700 with a stop loss at Rs 2,595
• Fundamental pick: Buy Godawari Power and Ispat shares for a one-year target of Rs 900
• Investment idea: Buy UTI AMC shares for a one-year target of Rs 1,100
• News-based pick: Buy Indraprastha Medical Corporation shares for a target of Rs 196 with a stop loss at Rs 185. Read more 

Share Market Today LIVE | Indian Overseas Bank hits a 52-week high for 5th time this month; rises nearly 61% in February  

Indian Overseas Bank is on a 52-week high spree as it achieves the feat on BSE for the fifth time in the week. The stock of the PSU bank hit a 52-week high of Rs 79.9 on Wednesday. The stock also hit a 52-week high on February 5, 2 and 1. Read more 

Share Market Today LIVE | Nifty, Sensex fall from day's high dragged by IT stocks

Share Market Today LIVE | Azad Engineering posts over 3X increase in PAT; stock rises

Newly listed Azad Engineering gains over 8 per cent, snapping a two-day losing streak and touching an intra-day high of Rs 973.10 apiece on BSE. The rally in the stock comes after the company posted a more than three-fold increase in its profit after tax (PAT) for the December quarter.

Azad Engineering Q3 results 

Hyderabad-based Azad Engineering on Tuesday reported an over 3X increase in profit at Rs 16.8 crore for the quarter ended December 2023 against Rs 3.83 crore in the year-ago period. Revenue from operations in the third quarter of the current fiscal rose 49 per cent to Rs 89.23 crore from Rs 68.8 crore in the same period a year ago. Read more