X

Two-wheeler stocks rise, Mamaearth rallies on strong Q2 result & more

NIFTY50: 19,802 ▼ 9.8 (-0.05%)
SENSEX: 66,017 ▼ 5.4 (-0.01%)


Among the NIFTY sectoral indices, Realty (+1.0%) and Oil & Gas (+0.9%) were the top gainers, while Pharma (-1.5%) and IT (-0.5%) were the top losers.

What's Up

Top gainers Today's change
Hero MotoCorp
3,568 ▲ 154 (+4.5%)
Bajaj Auto 5,932 ▲ 180 (+3.1%)
BPCL
411 ▲ 8.9 (+2.2%)

What's Down

Top losers Today's change
Cipla
1,174 ▼ 97 (-7.6%)
UltraTech Cement 8,604 ▼ 155 (-1.7%)
SBI Life
1,408 ▼ 22 (-1.5%)

Market Sentiment

USD-INR 83.33 ▲ 0.05 (+0.06%)
NIFTY MIDCAP 100 42,027 ▼ 0.2 (-0.0%)
NIFTY SMALLCAP 100 13,785 ▲ 95 (+0.7%)
India VIX
11.3 ▼ 0.55 (-4.6%)

Stock Buzz


⭐ Two-wheeler stocks rise on strong H1FY24 sales

Two-wheeler manufacturing companies witnessed strong investor traction today. Shares of Bajaj Auto (+3.0%), Hero MotoCorp (+4.5%), Eicher Motors (+1.3%) and TVS Motor Company (+2.1%) hit a fresh 52-week high.

In the first half of FY24, sales of two-wheelers jumped 7.0% YoY to over 78 lakh units as per the Federation of Automobile Dealers Associations (FADA). Robust demand across rural markets and steady retail sales in key urban centres have boosted two-wheeler sales for leading auto manufacturers.

⭐ Cipla shares tank on USFDA warning letter

Shares of the pharma company closed 7.6% lower today. This was after the company received a warning letter on 18 November from the USFDA for its Pithampur facility in Madhya Pradesh.

According to the reports, the letter pointed out data integrity issues with product compliance and microbial contamination. The USFDA has reportedly asked Cipla to take help from third-party consultants to address the issue.

⭐ CDSL surges as demat accounts cross 10-crore mark

Shares of the depository service provider closed 4.7% higher today, after it announced that it has surpassed the 10 crore demat accounts on its platform. Over the last six months, the stock has gained approximately 61%.

⭐ Honasa Consumer rallies on strong Q2 result

Shares of Honasa Consumer, the parent company of personal care brand Mamaearth, were locked in the 20% upper circuit today after it announced Q2FY24 results. Its consolidated net profit for the September quarter jumped 94% year-on-year (YoY) to ₹29.40 crore. Meanwhile, its consolidated revenue grew 21% YoY to ₹496.10 crore, mainly due to a 27% rise in sales growth.

IPO Corner


⭐ On Day 2, the Tata Technology IPO has been subscribed around 14.8 times. Retail investors are flocking towards the IPO with the retail segment being subscribed 11.2 times. Click here to know more and apply for the IPO.

⭐ The IPO of Gandhar Oil Refinery was subscribed 15.2 times on the second day. The retail segment has been subscribed 17.2 times. Click here to apply for the IPO.

On Day 2, Fedbank Financial Services’ IPO was subscribed 0.9 times overall. The retail segment has been subscribed 1.2 times. Click here to apply for the IPO.

⭐ Flair Writing Instruments IPO has been subscribed 6.1 times on its second day. The retail segment has been subscribed 7.1 times. Click here to apply for the IPO.


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