BASIC2BEMISAL | NIFTY I BANKNIFTY | BTST 📶☺️👍

Updates Nifty made high 18296, POR Achieved 🎯from our buying level 18202,✈️✈️✈️✈️ Banknifty made high 43364.70, POR ACHIEVED 🎯 from our buying level 42890✈️✈️✈️✈️✈️

Stocks in the news Britannia Industries: The bakery and dairy products maker recorded 47.5 percent year-on-year growth in consolidated profit at Rs 557.6 crore for quarter ended March FY23, driven by healthy operating performance and topline. Consolidated revenue from operations at Rs 4,023.2 crore grew by 13.3 percent on significant distribution gains. Marico: The consumer goods company posted an 18.7 percent year-on-year growth in consolidated profit at Rs 305 crore for March FY23 quarter, as operating performance remained strong on lower input cost. Consolidated revenue increased by 3.7 percent YoY to Rs 2,240 crore. Lupin: The pharma major entered into a definitive agreement to acquire the entire share capital of the French pharmaceutical company Medisol, subject to approval from the French Ministry of Economy and Finance. DCB Bank: The private sector lender reported a 25 percent on-year growth in profit at Rs 142 crore for quarter ended March FY23, following decline in provisions. Net interest income grew 28 percent YoY to Rs 486 crore with over 18 percent growth each in deposits and advances. Alembic Pharmaceuticals: The pharma company logged nearly seven-fold rise in consolidated profit at Rs 152.6 crore for quarter ended March FY23, supported by strong operating performance and lower other expenses. Revenue dropped 0.65 percent to Rs 1,406.5 crore compared to year-ago period, impacted by the US business that fell 36 percent to Rs 354 crore. Union Bank of India: The public sector lender recorded a 93.3 percent year-on-year growth in standalone profit at Rs 2,782 crore for the quarter ended March FY23, backed by lower provisions, with improvement in asset quality. Higher other income and net interest income also boosted profitability. Net interest income grew 22 percent YoY to Rs 8,251 crore, with margin expansion of 23 bps at 2.98 percent for the quarter. Bank of India: The public sector lender clocked a standalone profit at Rs 1,350.4 crore for March FY23 quarter, growing 123 percent over a year-ago period despite higher provisions. Net interest income grew by 38.6 percent YoY to Rs 5,523.84 crore in Q4FY23, with global advances rising 13 percent and deposits climbing 6.6 percent. One 97 Communications: The Paytm operator narrowed its losses to Rs 168.4 crore in March FY23 quarter, against loss of Rs 761.4 crore in same period last year. Consolidated revenue for the quarter grew by 51.5 percent to Rs 2,334.5 crore compared to the corresponding period last fiscal. For the year FY23 too, the loss dropped to Rs 1,776 crore against a loss of Rs 2,393 crore in FY22, and revenue jumped 60.6 percent to Rs 7,990.3 crore in the same period.

Results on May 8 UPL, Canara Bank, Indian Bank, Aarti Industries, Apollo Pipes, Birlasoft, CG Power, Craftsman Automation, Exide Industries, Happiest Minds Technologies, HFCL,Kalpataru Power Transmission, Kansai Nerolac Paints, Mahanagar Gas, Pidilite Industries, VIP Industries.

Results on May 8 UPL, Canara Bank, Indian Bank, Aarti Industries, Apollo Pipes, Birlasoft, CG Power, Craftsman Automation, Exide Industries, Happiest Minds Technologies, HFCL,Kalpataru Power Transmission, Kansai Nerolac Paints, Mahanagar Gas, Pidilite Industries, VIP Industries.

👍 Join Now Spread our Telegram Link to Other 👉 https://t.me/Basic2Bemisal 👈 if you found We are doing good for all of you❤️💐

Updates:- Book profit in Nifty Made low 18125, POR Achieved , from our short level 18235✈️✈️✈️✈️✈️ Banknifty made low 43026, More than 2nd 🎯, from our short levels 43456✈️✈️✈️

STOCK IN NEWS:- Adani Enterprises: The Adani Group is developing an integrated data centre and technology business park in Andhra Pradesh, to boost local technology ecosystem in the region. The park will host 300 MW of data centre capacity, powered with up to 100% renewable energy. SBI Life Insurance Company: The board has given its approval for the extension of term of Mahesh Kumar Sharma as the managing director and chief executive officer of the company up to September 30, 2023, subject to Insurance Regulatory and Development Authority of India (IRDAI) and shareholder's approval. Rattanindia Power: The company has posted a consolidated loss of Rs 483.2 crore for quarter ended March FY23, widening from Rs 310.4 crore in same period last year, with finance cost rising 9% and other income falling 58% YoY. Revenue from operations for the quarter at Rs 900.6 crore increased by 9.4% over a year-ago period. Coal India: Coal India will release its quarterly and full-year earnings on May 7. Hero MotoCorp: The world's largest motorcycle and scooter maker by volume has clocked a 37% year-on-year growth in profit at Rs 859 crore for quarter ended March FY23, driven by healthy growth in operating performance and topline. Revenue from operations in Q4FY23 grew by 12% to Rs 8,307 crore compared to year-ago period, with volume increasing 7% in same period. On the operating front, EBITDA surged 31% to Rs 1,083 crore with margin expansion of 190 bps YoY at 13% in Q4, driven by lower commodity costs, higher savings, and judicious price increases. The company declared a dividend of Rs 35 per share taking the total dividend for the year to Rs 100 per share. Tata Power Company: The power generation and distribution company has recorded a massive 48.5% on-year growth in consolidated profit at Rs 939 crore for March FY23 quarter on a low base and higher other income. Revenue from operations grew by 4.1% year-on-year to Rs 12,454 crore in Q4FY23, supported by transmission and distribution business. On the operating front, EBITDA rose by 3.3% to Rs 1,928 crore with margin declining 10 bps to 15.5% for the quarter.

Results on May 5: Britannia Industries, One 97 Communications, Adani Power, Ajanta Pharma, Alembic Pharmaceuticals, Bharat Forge, DCB Bank, Equitas Small Finance Bank, Federal Bank, Gujarat Fluorochemicals, Marico, Olectra Greentech, Piramal Enterprises, Sundaram-Clayton, Symphony, Tata Investment Corporation, Windlas Biotech.

Update Nifty made high 18250, 1st🎯 done from our buy level 18182. Banknifty made high 43425, Nr. 1st 🎯 from our buying level 43316.