Latest Stock Market News

Thyrocare Technologies shares, Avanti Feeds stocks, ICICI Prudential Life Insurance share price, FMCG stocks, Bajaj Finserv stock price

State-owned Bharat Sanchar Nigam Ltd (BSNL) has reported on-year rise in its Earnings Before Interest, Tax, Depreciation and Amortisation or EBITDA to Rs 2,164 crore for FY24, while losses narrowed to Rs 5,371 crore, Parliament was informed on Wednesday.

Realty firm Mahindra Lifespace Developers Ltd on Wednesday reported a consolidated net profit of Rs 12.74 crore for the June quarter. The company posted a net loss of Rs 4.27 crore in the year-ago period.

In a continuation of post-Budget blues, the BSE Sensex fell 280 points to settle at 80,149 and the broader NSE Nifty declined 65 points to end at 24,413. From the Sensex stocks, Bajaj Finserv, Bajaj Finance, HUL, Adani Ports, SBI, and Axis Bank were the top laggards, falling 1-2.5%. On the other hand, Tech Mahindra, NTPC, Tata Motors, Sun Pharma, Power Grid and Asian Paints closed in the green.

Jungle Camps India Ltd, which provides wildlife and conservation-focused lodges to guests, on Wednesday announced plans to achieve Rs 100 crore in revenue by FY28 from Rs 18 crore in FY24.

Syngene International, the contract research and manufacturing services arm of Biocon, reported 19% year-on-year (YoY) drop in net profit to Rs.76 crore in Q1FY25 led by discovery services revenue taking a hit due to funding constraints at US biotechs.

The Nifty IT index closed 0.18 per cent up at 40115.05.

Benchmark Indian equity indices, the BSE Sensex and Nifty 50, were down about 0.3% and 0.2% each on Wednesday.