BASIC2BEMISAL | NIFTY I BANKNIFTY | BTST 📶☺️👍

Update, Nifty made high 17819, 1st🎯 Achieved from our buying level 17767✈️✈️✈️✈️✈️✈️ Banknifty made high 17766.10, POR Achieved from our buying level 42557✈️✈️✈️✈️✈️✈️

Stocks in the news Bajaj Auto: The two-and-three-wheeler company has recorded a 2.5 percent year-on-year decline in standalone profit at Rs 1,433 crore for the quarter ended March FY23 despite a healthy topline and operating performance, impacted by a high base. Revenue for the quarter at Rs 8,905 crore grew by 11.66 percent over a year-ago period despite a 12.5 percent fall in sales volumes. Tata Consumer Products: The FMCG company reported better-than-expected numbers on all counts in Q4FY23. Profit during the quarter grew by 21 percent YoY to Rs 289.6 crore, while revenue from operations increased by 14 percent to Rs 3,618.7 crore compared to the year-ago period, mainly driven by underlying growth of 15 percent in India business, 6 percent in international business and 9 percent in non-branded business. Mahindra Lifespace Developers: The real estate developer has recorded a profit of Rs 0.54 crore for the quarter ended March FY23, down sharply compared to Rs 137.7 crore in the same period last year due to a high base. The company reported an exceptional gain of Rs 96.8 crore in Q4FY22. Revenue from operations at Rs 255.4 crore for the quarter increased by 57.8 percent over a year-ago period. Cipla: Madison Pharmaceuticals Inc, a wholly owned step-down subsidiary of Cipla, in Delaware, USA, will be dissolved with effect from April 28, 2023. Madison is a dormant entity, and this dissolution will not affect the performance or revenue of the company. Dalmia Bharat: The company has reported a massive 121.4 percent year-on-year growth in Q4FY23 consolidated profit at Rs 589 crore despite a lower margin, boosted by profit from joint ventures of Rs 529 crore in Q4FY23 against nil in the same period last year. Revenue from operations increased by 15.7 percent YoY to Rs 3,912 crore. AU Small Finance Bank: The small finance bank has recorded a 23 percent year-on-year growth in profit at Rs 425 crore for quarter ended March FY23, with provisions and contingencies falling 56 percent YoY. Net interest income grew by 29.5 percent YoY to Rs 1,213 crore for the quarter. Asset quality improved for Q4FY23 with gross non-performing assets (NPA) as a percentage of gross advances falling 15 bps QoQ to 1.66 percent and net NPA declining 9 bps QoQ to 0.42 percent. Mahindra CIE Automotive: The auto ancillary company has recorded a 73 percent year-on-year growth in profit at Rs 279.1 crore for the March FY23 quarter, partly driven by strong operating performance and topline. Revenue from operations in Q1CY23 at Rs 2,440.2 crore grew by 18.4 percent over a year-ago period.

Stock In Ban :- ZEEL

RESULTS CORNER:- (26/04/2023) Maruti Suzuki India, Bajaj Finance, HDFC Life Insurance Company, Indus Towers, SBI Life Insurance Company, L&T Technology Services, KPIT Technologies, Can Fin Homes, IIFL Finance, Oracle Financial Services Software, Poonawalla Fincorp, Shoppers Stop, Supreme Petrochem, Syngene International, Tanla Platforms, UTI Asset Management Company, Voltas

Updates:- Nifty made high 17704, Nr. 1st 🎯 done from our buying level 16657✈️✈️✈️✈️✈️✈️ Banknifty made high 42548, Nr. POR done from our buying level 42355✈️✈️✈️✈️✈️✈️

Stocks in the news:- Reliance Industries: The country's largest company by market capitalisation recorded 19.1 percent year-on-year growth in consolidated profit at Rs 19,299 crore for Q4FY23, with EBITDA growing 21.8 percent on-year to Rs 41,389 crore. Gross revenue rose 2.8 percent YoY to Rs 2.39 lakh crore with continuing growth momentum in consumer businesses. ICICI Bank: The country's second-largest private sector lender clocked a massive 30 percent on-year growth in standalone profit at Rs 9,122 crore for January-March quarter FY23, despite 51.5 percent increase in provisions & contingencies, driven by net interest income and operating profit. Net interest income for the quarter at Rs 17,667 crore surged by 40.2 percent year-on-year, with net interest margin expansion of 90 bps YoY and 25 bps QoQ at 4.90 percent. Yes Bank: The private sector lender said its standalone profit in January-March 2023 fell 45 percent YoY to Rs 202 crore, dented by 128 percent increase in provisions and contingencies. However, net interest income grew 15.7 percent to Rs 2,105 crore with net interest margin expansion of 30 bps at 2.8 percent for the quarter. Tejas Networks: The telecom and networking products maker narrowed its consolidated loss for the March FY23 quarter to Rs 11.5 crore, from a loss of Rs 49.6 crore in same period last year as consolidated revenue surged 13.6 percent YoY to Rs 299.3 crore and EBITDA loss dropped to Rs 8.19 crore from Rs 88.11 crore in the same period. HDFC Asset Management Company: HDFC AMC received final approval from SEBI for change in control of the company due to change in co-sponsor of HDFC Mutual Fund from HDFC to HDFC Bank, after the merger of HDFC and HDFC Bank. The respective approvals from SEBI in terms of the AIF regulations and the PMS regulations are awaited. Gujarat Industries Power: The company's board approved the procurement of imported coal for 500 MW Surat Lignite Power Plant (SLPP). The approval has also given for deliberation of EPC contract for pooling sub-station -2 (PSS-2) of solar / wind / hybrid RE Park of 2375 MW capacity at Khavda, Great Rann of Kutch, Gujarat. Kotak Mahindra Bank: Shareholders approved the appointment of Uday Kotak as a Non-executive, Non-independent Director of the private sector lender. Ninety nine percent of shareholders voted in favour of resolution to appoint Kotak as a Non-Executive Director. Uday Kotak's current term as MD & CEO of Kotak Mahindra Bank is set to end in December 2023.

Results Corner:- IndusInd Bank, Century Textiles Industries, Bank of Maharashtra, Persistent Systems, Mahindra Logistics, IIFL Securities, NELCO, Tamilnad Mercantile Bank, Trident Texofab, Tata Teleservices (Maharashtra)