Stock Market Live Updates July 29, 2024: Index Outlook: Nifty 50 & Sensex regain bullish momentum

Stock Market Live Today: Xpro India reports profit, revenue up YoY, EBITDA down

Xpro India reported a net profit of ₹140.2 million for the quarter, up from ₹113 million year-on-year (YoY) and ₹124.3 million quarter-on-quarter (QoQ). Revenue increased to ₹1.39 billion YoY, compared to ₹1.31 billion, and was up from ₹1.28 billion QoQ. EBITDA for the quarter was ₹156.5 million, down from ₹193 million YoY, with an EBITDA margin of 11.3%, compared to 14.73% YoY. The company plans to further invest ₹1.2 billion in its unit.

Stock Market Live Today: City Union Bank sees QoQ profit increase, NPAs improve

City Union Bank’s operating profit increased by 6% quarter-on-quarter (QoQ) to ₹373 crore. Provisions rose by 22% QoQ to ₹39 crore. The bank reported a reduction in gross NPA to 3.88% from 3.99% QoQ, and net NPA improved to 1.87% from 1.97% QoQ.

Stock Market Live Today: Mangalam Organics reports strong growth in profit and revenue

Mangalam Organics reported a significant increase in consolidated net profit, which rose by 294% year-on-year (YoY) to ₹2.09 crore and by 24% quarter-on-quarter (QoQ). The company’s revenue increased by 8% to ₹118 crore YoY and by 12% QoQ. EBITDA saw a rise of 23% YoY to ₹10.87 crore, with a 7% increase QoQ. Margins improved to 9.21% from 8.09% YoY, though they slightly decreased from 9.7% QoQ.

Stock Market Live Today: KFin Tech reports strong YoY growth, mixed QoQ performance

KFin Technologies reported a consolidated net profit of ₹68.07 crore for the quarter, reflecting a 9% decline quarter-on-quarter (QoQ) but a 53% increase year-on-year (YoY). Revenue rose by 4% to ₹237.5 crore QoQ and increased by 31% YoY. EBITDA decreased by 5% to ₹14.8 crore QoQ, though it grew by 42% YoY. The company reported margins of 41.95%, down from 45.81% QoQ, but up from 38.8% YoY.

Stock Market Live Today: Accelya Solutions sees strong YoY profit rise, mixed results

Accelya Solutions reported a consolidated net profit increase of 35% year-on-year (YoY) to ₹31 crore, marking an impressive 15490% surge quarter-on-quarter (QoQ). Revenue rose by 5% YoY but saw a slight decline of 2% QoQ. Despite the profit growth, EBITDA fell by 3% to ₹47.65 crore YoY and 5% QoQ. The company’s margins were at 37.19%, compared to 40.15% YoY and 38.38% QoQ.

Stock Market Live Today: ESAF SFB sees profit and provisions decline, NPAs increase

ESAF Small Finance Bank’s operating profit declined by 11% to ₹254 crore quarter-on-quarter (QoQ). Provisions decreased by 25% to ₹169 crore QoQ. However, gross NPA increased to 6.61% from 4.76% QoQ, and net NPA rose to 3.22% from 2.26% QoQ. The actual gross NPA surged 39% to ₹1,242 crore QoQ, while net NPA increased by 41% to ₹583 crore QoQ.

Stock Market Live Today: De Nora’s profit surges YoY, declines significantly QoQ

Net Profit: Up 454% YoY to ₹2.88 crore, down 49% QoQ

Revenue: Up 39% YoY to ₹12.75 crore, down 21% QoQ 

EBITDA: ₹2.92 crore profit vs. ₹0.22 crore loss YoY, down from ₹6.2 crore profit QoQ 

Margins: 22.9% vs. 38.6% YoY, -2.4% QoQ

Stock market live updates today: NIfty and Nifty Bank predictions for this week July 29-August 2, 2024

Stock market live updates today: Today’s stock recommendations: Indian Hotels: Buy

Stock market live updates today: Fund Flow Activity

26 July 2024 (Rs. In Crs.)

Turnover: (NSE + BSE)

Cash Volume: 136773.3 + 12220.58 Total: 148993.88

F&O Volume: 469085.25 + 43524185.86 Total: 43993271.11

Provisional Cash

FII/FPI: NET BUY: +2546.38 

(18201.3 – 15654.92) 

DII: NET BUY: +2774.31 

(18856.44 – 16082.13)

Stock market live updates today: Budget 2024: How to go about your equity, debt and gold investments post tax changes

As the dust settles on the debate among taxpayers over the pros and cons of the Bbudget, it is more important to deal with the situation that the new proposals would place any investor in, especially while juggling asset classes. Read more

Stock market live updates today: The ‘Theory of Everything’ in realty capital gains tax

A zillion views follow every time the Government presents its annual Budget — some nuanced, some analysed in depth and some triggered by emotions. The proposed change in capital gains tax on real estate saw all of it. While the tax department put out illustrations showing why it will be beneficial to most taxpayers, others who weren’t convinced put in equal effort to disprove with numbers, the government’s stand. Read more

Stock market live updates today: Nifty Bank index has to breach its resistance to turn positive

Sensex and Nifty 50 have risen sharply from their lows last week. Both the indices have closed higher by about a per cent each last week. The strong rise and close on Friday have reduced the danger of the corrective fall that we had cautioned last week. That leaves the broader uptrend intact. read more