Latest Stock Market News

Jupiter Wagons reported a standalone net profit of Rs 89.23 crore for the quarter ended June 30, 2024 which was up by over 40% over Rs 63.60 crore reported by the company in the year ago period.

Sensex slipped 0.14% (down 109.80 points), Nifty50 edged 0.03% lower (down 7.40 points). Here are the most active stocks from Thursday.

The yen rallied for a fourth day running on Thursday, reaching a a six-week high, as traders ditched their long-running bets against the currency and a plunge in global stocks drove investors towards traditionally safe assets.

Tech Mahindra Q1 Results Latest Update: Tech Mahindra reported a 23% year-on-year growth in consolidated net profit to Rs 851 crore for the June quarter, slightly below the expected Rs 892 crore. Revenue from operations declined 1% YoY to Rs 13,005 crore. Sequentially, profit after tax rose by 28% and revenue increased by 1%.

A study released by the Securities and Exchange Board of India on Wednesday revealed that seven out of 10 intraday trades in the cash equity market made losses in the year ended March 2023.

Adani Energy Solutions recorded a Rs 824 crore net loss for June 2024, a shift from Rs 175 crore profit last year. Quarterly revenue rose 47% to Rs 5,379 crore from Rs 3,664 crore.

Bharti Airtel’s Africa business reported a $31 million net profit in the first fiscal quarter, reversing a $151 million net loss year-on-year, aided by reduced net finance costs and mobile money growth.

The Indian rupee closed slightly stronger at 83.6975 against the U.S. dollar, helped by Reserve Bank interventions and a rally in the Chinese yuan.

A significant June quarter growth in Larsen and Toubro’s core order inflow, which excludes services and development businesses, exceeded market expectations.