News Overview

Indian stock markets (Sensex and Nifty) are likely to open flat today (May 22nd) based on pre-market signals.

The tyre company reported a 13.7% year-on-year (YoY) fall in net profit to ₹354 Crore for the fourth quarter ended March 31, 2024.

Here are some of the stocks that may see significant price movement today: Apollo Tyres, BHEL, PI Industries, Tata Power, etc.

The market saw 1,411 shares advancing, while 2,082 shares declined, and 128 shares remained unchanged.

For the financial year ending March 31, 2024, the consolidated PAT increased to ₹1,427.61 Crore from ₹962.97 Crore in the same period last year.

Russia's major customer for seaborne oil is India, which ranks third in the world both in terms of imports and consumption.

In the broader market, the BSE SmallCap index observed a slight decline of 0.18%, while the BSE MidCap index showed a modest increase of 0.23%.

The facility will also have a grinding unit with a capacity of up to 2.50 mtpa. Additionally, an 18-megawatt power plant will be part of the new facility.

Additionally, the steel company distributed ₹822 Crore in FY23 and a record ₹4,194 Crore in FY22.

The gross non-performing assets (NPA) ratio decreased to 3.99% from 4.37% in the same quarter of the previous fiscal year