Latest Stock Market News

​As you know, ESG as an area is very broad, environment, sustainability and governance, and covers a lot of different areas. Now, the biggest challenge that companies seem to face in this study that we conducted was that it is something that very few feel prepared to have a handle on in its entirety. However, it is also something that a vast majority of companies feel that is a boardroom level discussion.

Gland Pharma shares reached a 52-week low of Rs 861 on May 24th, falling for the fifth consecutive day. The fall comes after the company reported a 56% decline in Q4 earnings on May 18th. Adding to its challenges, its EBITDA margin contracted to 21%, while revenue fell 29% YoY to INR7.85bn; weak sales in both the domestic and international markets contributed to the drop. The Hyderabad-based company, which relies on a B2B model, is also dealing with the production line shutdown in Hyderabad.

A total of 169,064 shares changed hands on the counter till 02:14PM (IST)

Balaji Amines’ stock fell by over 18%, hitting a 52-week low, following its Q4FY23 earnings report which showed a 56% YoY drop in net profit. The revenue from operations for the Jan-Mar quarter stood at Rs 471.39 crore, down nearly 40% YoY, resulting in the stock trading at a 50% discount from its 52-week high. The stock has given negative returns of over 29% in a 12-month period, underperforming the Nifty50’s 15% returns. The company’s FY23 PAT was Rs 405.68 crore, compared to Rs 417.90 crore in FY22.

The brokerage also like Bharti Airtel in the telecom/media space as it is deemed as a play on industry consolidation benefits.

​The volume growth was primarily driven, I would say first India, by good demand growth. We saw 13% increase in the Indian steel demand last year, aided by a strong government capex.

​So, while we have the Brezza, but we also have the Fronx now which is for the urban, sophisticated, technology savvy consumers, but there is also a niche segment which has developed which is the segment of lifestyle SUV and that is what the Jimny caters to.

A total of 33,480 shares changed hands on the counter till 12:56PM (IST).

The Relative Strength Index of the stock stood at 36.93 on Monday.

ITC, incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 526637.25 Crore) operating in Tobacco sector.