Sensex Today Ends 46 Points Lower | Nifty below 24,400 | Praj Industries Fall 6%

Wed, 30 Apr Closing

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After opening in a higher note, Indian benchmark indices continued their downward trend, ending the day flat.

The BSE and the NSE benchmark indices consolidated in a thin range. Trading activity was tepid as investors preferred to remain on the sidelines ahead of the trading holiday on Thursday.

At the closing bell, the BSE Sensex  closed lower by 46 points (down 0.1%).

Meanwhile, the NSE Nifty closed points 2 lower.

Maruti Suzuki, Bharti Airtel, PowerGrid Corp among the top gainers today

Bajaj Finserv, Bajaj Finance, Tata Motors on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,400 lower by 30 points at the time of writing.

The BSE MidCap index ended 0.7% lower and BSE SmallCap index ended 1.7% lower.

Sectoral indices were trading mixed today with stocks in power sector and IT sector witnessed selling pressure. Meanwhile, stocks in realty sector and telecommunication sector witness buying.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at Rs 85.1 against the US$.

Gold prices for the latest contract on MCX are trading 1.7% lower at Rs 93,950 per 10 grams.

Meanwhile, silver prices were trading 3.2% lower at Rs 93,772 per 1 kg.

Speaking of the stock markets, Rahul Shah, Co-head of Research at Equitymaster, sounds a cautionary note for investors who may be feeling too confident in their portfolios.

He warns that the next Gensol Engineering-like shock could be just around the corner - and it might not be on your radar.

"Don't ignore the overlooked red flags," Shah advises. "Spotting them early could save you from catastrophic losses."

Tata Group Stock Plummets Rapidly

In the news from telecommunication sector, shares of Tejas networks slips 5% to Rs 696 on Wednesday. This happened after the company reported a loss of Rs 0.7 bn in Q4FY25.

After Q4 results, the share price has seen a significant decline of 15% in 3 days and 22% in 6 days. It has further tanked 53% from 52-week high of Rs 1,495 on 24 June 2024.

The company reported a net loss of Rs 0.7bn compared to the net profit of Q4FY24 Rs 1.5 bn. However, the revenue increased by 5.2% to Rs 18.1 bn.

The company has expected strong growth in its products segment due to favourable global trends.

The company look forward for growth globally and see opportunities in large government projects in India, new customers and applications in both private and government sectors.

Also, its partnership with NEC will give access to global customers and its expanded international sales presence is set to drive the growth of business.

Tejas Network, a tech company that designs and manufacture advanced networking products for telecom, government, defence and all other sectors globally. They specialize in 4G/5G, optical, satellite communications solutions.

Reality Shares Soars on Earnings

Moving on to the news from reality sector, Real Estate stocks surged on Wednesday with Macrotech Developers Ltd and Godrej Properties Ltd amid positive quarterly earnings.

Real Estate stocks are surging with Macrotech Developers Ltd 4.8%, Godrej Properties 4.1%. Other top gainers include Prestige Estate 3.3%, DLF 3.3% and phoenix mills 2.3%

Prestige Estates received approval for its key project in Indirapuram leading to rally in stock, an 81% rise of Rs 1,370 per share.

Macrotech Developers reported a 38.5% increase in consolidated profit to Rs 9.2 billion (bn) for Q4FY25. Revenue rose 5.1% to Rs 42.2 bn, while the total expense were Rs 32.3 bn.

Prestige Estates is launching Rs 120 bn project in Ghaziabad for marking its entry to Delhi's NCR residential market.

The project of 62.5-acre township is also called as the prestige city, Indirapuram in Ghaziabad. They have also provided a Rs 7.5bn corporate guarantee to its subsidiary for this venture.

Godrej Propertise sales booking hits a record Rs 101.6 bn in Q4 an increase of 7%. For the whole year the profit has surged 31% to Rs 294.4 bn making the company to become the largest listed Real Estate firm by sales booking.

Varun Beverages Announce Dividend After Profit

Moving on to the news from FMCG sector, shares of Varun Beverages rose 1.6% to Rs 537.3 on 30 April 2025, after the company announced it Q1CY25 financial results and declared dividend.

The company's net profit rose 33.5% to Rs 7.4bn, driven by a 29.2% increase in its revenue of Rs 56.8 bn. Total expenses also grew 27.9% to Rs 46.2 bn.

The company's sales volume increased by 30.1% to 0.3 bn cases in Q1CY25, driven by a strong growth in India and new markets in South Africa and DRC.

Gross margin also declined to 54.6% in Q1CY25 due to lower margins in South Africa and high mix of sugar drinks in India.

Despite of all this, company saw an increase in sales of low sugar or no sugar product, leading to 59% of its total sales volume.

Varun Beverage board has declared an interim dividend of Rs 0.5 per share for the financial year 2025.

The company has set a date of 7 May 2025, as the record date. The dividend will be paid on 9 May 2025 to eligible shareholders.

Varun Beverages produces and distributes of carbonated soft drinks and non-carbonated beverages in India and other countries. It operates 48 manufacturing facilities and serving a vast market through its distribution network.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

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