Stock Market Highlights: Nifty 50 ends below 24,200, Asian Paints, Britannia top losers

Stay tuned for other updates on our website: CNBCTV18.com.

You can follow us on Twitter: @CNBCTV18Live @CNBCTV18News

And on Facebook, LinkedIn, Instagram and Telegram

Download our mobile app for Android and iOS platforms

Market Closes Little Change Amid Volatility
Market Fails To Hold On To Intra-day Recovery
Sensex Rises 10 Points To 79,496 & Nifty Falls 7 Points To 24,141
Nifty Bank Rises 316 Points To 51,877 & Midcap Index Falls 498 Points To 55,854
Financials Led Support While FMCG Stocks Drag Nifty
Asian Paints Is Top Nifty Loser, Slides 8% On A Weak Showing In Q2
Britannia Slides 5% Ahead Of Its Results
Trent Rises Nearly 3% On A Positive Brokerage Note
UPL Reports A Mixed Set Of Earnings, Stocks Ends 7% Lower
Tata Motors’ Positive Outlook Helps The Stock Gain From Opening Lows
Aarti Ind Lowers Its FY25 EBITDA Outlook, Stock Falls Up To 10%

• Net profit up 22.9% at ₹248.3 crore vs ₹202 crore (YoY)
• Revenue up 19.5% at ₹1,384 crore vs ₹1,157.7 crore (YoY)
• EBITDA up 0.2% at ₹1,576 crore vs ₹1,573 crore (YoY)
• Margin at 14.2% vs 15.5% (YoY)

Rajkot Municipal Corporation (RMC) has raised ₹100 crore through a bond issue. The bond issue, which was oversubscribed by 4.95 times, carries an interest rate of 7.90% and a tenure of five years. The funds will be directed towards improving water supply and sewerage infrastructure in newly merged areas of the city, including the development of a 23 MLD Sewage Treatment Plant (STP), a 14 MLD Elevated Storage Reservoir (ESR), and a 500 km water distribution and sewerage network.

Biocon Ltd shares rose sharply by over 8.5% on Monday after the company received a ‘Voluntary Action Indicated’ (VAI) status from the United States Food and Drug Administration (USFDA) for its Bengaluru unit.

Read more here

Net Profit Up 3.8% At ₹21.8 Cr Vs ₹21 Cr (YoY)

Revenue Up 10.2% At ₹549.7 Cr Vs ₹498.6 Cr (YoY)

EBITDA Up 14.6% At ₹44.9 Cr Vs ₹39.1 Cr (YoY)

Margin At 8.2% Vs 7.9% (YoY)

In October, equity mutual fund inflows rose sharply by 21.7% to reach ₹41,865.4 crore, up from ₹34,393 crore in September, according to Association of Mutual Funds in India (AMFI) data. This was driven by increased investor confidence across multiple fund categories.

Large cap funds saw inflows more than double, rising to ₹3,452.3 crore from ₹1,769 crore in the previous month.

Read more here

KPI Green Energy Ltd. has announced that it will hold a board meet on November 14 to consider a bonus issue of shares. This will be the second time this year that the company will be considering a proposal to issue bonus shares in 2024.

Read more here

New D-Street entrant Ola Electric is on the path to profitability and expects its auto business to turn EBITDA positive in the 2025-25 fiscal, the company’s founder Bhavish Aggarwal said on November 11.

Read more here

Large Cap Fund Inflow At Rs 3,452.3 Cr Vs Rs 1,769 Cr Inflow (MoM)
Small Cap Fund Inflow At Rs 3,772 Cr Vs Rs 3,209.3 Inflow Cr (MoM)
Midcap Fund Inflow At Rs 4,683 Cr Vs Rs 3,130 Cr Inflow (MoM)
Hybrid Fund Inflow At Rs 16,863.3 Cr Vs Rs 4,901 Cr Inflow (MoM)
Liquid Fund Inflow At Rs 83,863.3 Cr Vs Rs 72,666 Cr Outflow (MoM)
ETF Inflow At Rs 13,441.8 Cr Vs Rs 381Cr Inflow (MoM)

Credit Risk Fund Outflow At Rs 357.8 Cr Vs Rs 484 Cr Outflow (MoM)
ELSS Fund Inflow At Rs 362 Cr Vs Rs 349 Cr Outflow (MoM)

Sectoral/Thematic Funds Inflow At Rs 12,278.8 Cr Vs Rs 13,255 Cr Inflow (MoM)
Total AUM At Rs 67.25 Lk Cr Vs Rs 67.09 Lk Cr (MoM)

Corp Bond Fund Inflow At Rs 4,644.4 Cr Vs Rs 5,039 Cr Inflow (MoM)
Dividend Fund Inflow At Rs 532.8 Cr Vs Rs 1,530 Cr (MoM)
New Fund Offer Inflow At Rs 6,078 Cr Vs Rs 14,575 Cr Inflow (MoM)

Net profit up 18.2% at ₹95.7 cr vs ₹81 cr (YoY)

Revenue up 18.3% at ₹310.2 cr vs ₹262.3 cr (YoY)

EBITDA up 14.6% at ₹136.6 cr vs ₹119 cr (YoY)

Margin at 44% vs 45.4% (YoY)

Shares of Snowman Logistics Ltd. fell to the lowest point of the day on Monday, November 11, after the company’s September quarter results, which saw a decline on a year-on-year basis on most parameters.

Read more here

Net profit at ₹66.3 crore vs ₹4.3 crore (YoY)

Revenue down 13.7% at ₹533 crore vs ₹618 crore (YoY)

EBITDA at ₹80.5 crore vs EBITDA loss of ₹14.5 crore (YoY)

The Nifty 50 index is trading 58 points or 0.24% in the green. As many as 24 index stocks are in the green, while 26 decline. Trent (4.89%), Power Grid (4.49%) and Maruti (1.70%) are the top index gainers. On the other hand, Asian Paints (-8.38%), Britannia (-4.18%) and Apollo Hospitals (-3.44%) are the top losers.

HFCL said it also emerged as the top bidder for Punjab circle for a bid value of ₹1,244 crore in the BharatNet Phase III tenders, on a standalone basis. The company is also set to secure 10 years of O&M order valued around ₹746 crore with an annual rate of 5.5% per annum for the first five years and 6.5% for the remaining five, after commissioning of the first ring of network, the company said.

Read more here

#2QWithCNBCTV18 | Snowman Logistics reports #Q2Results????

Net Profit Down 79.3% At ₹0.6 Cr Vs ₹2.9 Cr (YoY)

Revenue Up 15.6% At ₹143.4 Cr Vs ₹124 Cr (YoY)

EBITDA Down 8.6% At ₹21.9 Cr Vs ₹24 Cr (YoY)

Margin At 15.3% Vs 19.3% (YoY) pic.twitter.com/GlI0HMGJdh

— CNBC-TV18 (@CNBCTV18Live) November 11, 2024

Net profit at ₹21 cr vs ₹6 cr (YoY)

Revenue up 12% at ₹493 cr vs ₹440 cr (YoY)

EBITDA up 17.2% at ₹19.8 cr vs ₹17 cr (YoY)

Margin at 4% vs 3.8% (YoY)

Net profit at ₹1.7 lk vs ₹33.3 cr (YoY)

Revenue up 49.2% at ₹1,222 cr vs ₹819 cr (YoY)

EBITDA up 27% at ₹195.5 cr vs ₹154 cr (YoY)

Margin at 16% vs 18.8% (YoY)

Paints and coatings maker Akzo Nobel India is targeting double-digit volume growth for 2024-25 (FY25)

Chairman and Managing Director, Rajiv Rajgopal, said while Diwali improved during the festive period, it is too early to determine if the trend has reversed for good. A clearer picture is expected by the third week of November.

Read more here

Shares of NMDC Ltd. fell as much as 4% ahead of the company’s board meeting to consider its September quarter results as well as a proposal to issue bonus shares to its shareholders. The stock though, has recovered from the lows of the day but continues to trade with losses.

Read more here

Ashok Leyland will be in focus on November 11 after the automaker reported its results for the July to September 2024 quarter on Friday. Several brokerages reduced their target prices on the truck maker’s stock despite the company reporting record profit and beating CNBC-TV18 poll estimates across parameters.

Read more here

Nifty 50 is currently at 24,231.25. Here are the top contributors towards its upside:

Shares of Asian Paints Ltd. are the top losers on the Nifty 50 index on Monday, November 11, after the company’s September quarter results were a major miss on analyst expectations.

With this fall, shares of Asian Paints have turned negative for financial year 2025.

Read more here