Tata Steel Q4 Performance, March Quarter Results, and Buzzing Stocks in Focus Today

Wed, 1 Jul Pre-Open

   Previous Close   

   09:30 am   

   12:30 pm   

   Closing   

Indian share markets ended marginally lower yesterday.

Benchmark indices gave up early gains in the last hour of trading, amid negative opening in European markets and weakness in SGX nifty.

At the closing bell yesterday, the BSE Sensex stood lower by 46 points. The NSE Nifty closed down by 10 points.

The BSE Mid Cap index ended down by 0.2%, while the BSE Small Cap index ended down by 0.8%.

Sectoral indices ended on a mixed note with stocks in the telecom sector and energy sector witnessing selling pressure.

Automobile stocks, on the other hand, witnessed buying interest.

Asian stock markets rose yesterday after data showed China's manufacturing sector grew more than expected in June, a hopeful sign for a global economy still struggling to recover from the sweeping impact of the coronavirus crisis.

Sentiment in the region, which got a boost from overnight gains on Wall Street thanks to strong housing data, got a further lift from a survey in China showing a quickening in activity in its vast factory sector.

Speaking of the current stock market scenario, the last few months have witnessed the kind of shifts that most investors would recall as once in a lifetime.

The Sensex is up 34% from the lows in March 2020. At that time, it had declined by over 20%. That seemed to suggest the start of a bear market.

What's Driving the Markets?

So, what's driving the markets?

As per Richa Agarwal, editor of our premium smallcap service Hidden Treasure, an important driver of this rally is the inflow from global funds, now that the global economies have opened the liquidity tap.

A lot of this money is coming to the mid and smallcap space.

In her latest video, Richa shares her thoughts on what this could mean for the rebound in smallcaps and how to make the most of it.

Tune in to find out more...

Top Stocks in Focus Today

SJVN share price will be in focus today as the state-run power producer reported a 13% decline in consolidated net profit to Rs 4 billion for the January-March quarter compared to the year-ago period.

The consolidated net profit was Rs 4.6 billion in the quarter ended on March 31, 2019.

Total income in the quarter declined to Rs 7 billion from Rs 8.7 billion in the same period last year.

For the year ended 2019-20, the company's consolidated net profit rose to Rs 16.6 billion, from Rs 13.7 billion in 2018-19.

The board has recommended a final dividend of Rs 0.50 per share of 10 each for 2019-20 subject to the approval of shareholders in the ensuing Annual General Meeting.

Shares of Bharat Dynamics will also be among the top buzzing stocks today as the company's net profit more-than-doubled to Rs 3,097.2 million in the March quarter (Q4FY20) on the back of strong operational income.

The state-owned defence company had logged a profit of Rs 1,241.2 million in the year-ago quarter.

The company's revenue from operations during the quarter under review rose 64% to Rs 14.4 billion from Rs 8.8 billion in the corresponding quarter of the previous fiscal.

The company said it did not have any significant impact on the sales and operations of the company for the financial year 2019-20 on account of the Covid-19 pandemic.

The board of directors of the company recommended a final dividend at Rs 2.55 per share (face value of Rs 10 each) for the year ended March 2020.

Ruchi Soya Reports Loss of Rs 412 Million in March Quarter

Ruchi Soya reported a net loss of Rs 412.5 million for the quarter ended March 31, as against a profit of Rs 321.1 million in the corresponding period a year ago.

The total income was up 1% compared to the year-ago period. Ruchi Soya shares fell as much as 5% yesterday.

Revenue from the oil business grew 4.5%, whereas that from seed extraction and food products units declined 33.3% and 0.9% respectively.

However, profit for the full financial year grew 100 times. Revenue increased 2.7% in FY20.

The company stated that the coronavirus (COVID-19) pandemic in the country and around the globe is causing significant disturbance and slowdown of economic activity.

Measures taken to contain the spread of the coronavirus have triggered significant disruptions to businesses worldwide, resulting in an economic slowdown.

Though the distribution and supply chain network has been impacted but the company is ensuring the movement of edible oils and soya food products to the end consumers.

However, the company's operations are not much impacted due to COVID-19 pandemic

Tata Steel Reports Pre-Tax Loss of Rs 15 Billion in Q4

Tata Steel posted a consolidated pre-tax loss of Rs 15 billion for the quarter ended March 31, 2020.

The company had logged a profit before tax (PBT) of Rs 42.5 billion in the corresponding period last year.

Tata Steel said the loss was due to weak revenue and a slew of exceptional items, which further dented the earnings of the company.

For Q4FY20, the company's top line stood at Rs 328.7 billion, down 20% year-on-year (YoY) due to weak demand amid the slowing economic growth which impacted domestic as well as overseas operations.

However, the company's margin improved on the back of stronger performance in the early part of the quarter.

Tata Steel Europe showed a turnaround in performance with positive EBITDA for the quarter, said T V Narendran, chief executive officer (CEO) and managing director (MD).

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

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers