Latest Stock Market News

In its November review, MSCI has included 6 Indian stocks in its standard index. ABB India, Bajaj Holdings & Investment, Indian Hotels, Tube Investment, TVS Motors, and Varun Beverages were the new entrants in the MSCI Standard Index last time.

Tech Mahindra Q4 Results: Net profit was lower than the ET Now Poll estimates of Rs 1,260 crore. Its revenue from operations during the reporting quarter rose 13.2% year-on-year to Rs 13,718 crore.

Excluding exceptional items related to the Citibank India deal, Axis Bank made a net profit of Rs 6,625 crore in Q4, a growth of 61% YoY.

The Nifty Auto index closed 0.76 per cent up at 13071.8.

The Board of Directors recommended a dividend of Rs 0.80 per share, which is 80% on face value of Rs 1. The total amount of dividend is Rs 127.43 crore.

Maruti Suzuki India, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 257381.27 Crore) operating in Auto sector.

The pay package awarded to Alphabet CEO Sundar Pichai soared to $226 million in 2022, boosted by a stock grant.

Benchmark equity indices were led by heavyweights Reliance, Infosys and Bajaj Finance amid positive global market cues. Bajaj Finance and Bajaj Finserv were the top Sensex gainers, while HUL, Power Grid, Axis Bank, SBI, TCS and Asian Paints closed in the red.

The company has fixed May 10 as the record date for the purpose of ascertaining the eligibility of shareholders for the proposed buyback. The company will announce the process, and timelines for the same in due course.

Total income for the fourth quarter grew 25% to Rs 51.33 crore, while revenue from operations recorded an 18% increase to Rs 45.36 crore. Operating profit for the quarter rose to Rs 4.25 crore from Rs 1.96 crore.