The Indian stock market closed in the bearish on Friday, April 26th, with the benchmark indices Nifty 50 and BSE Sensex witnessing declines. The Nifty 50 settled at 22,419.95, down 150 points or 0.67%, while the Sensex closed at 73,730.16, shedding 609 points or 0.82%.
The Nifty’s day range fluctuated between 22,385.55 and 22,620.40, while the Sensex traded within a range of 73,616.65 to 74,515.91 over the course of the day.
BSE Sensex Share Price (Investing.com)
Some of the top stock firms recorded mixed results to close the week and to start with is;
Tata Consultancy Services (TCS)
This is India’s largest IT services company, and its shares declined by 0.75% to Rs 3,823.45. The stock’s day range was Rs 3,802.55 to Rs 3,876.80, while its 52-week range stood between Rs 3,156.00 and Rs 4,254.75. Despite the daily dip, TCS continues to command with a market cap of Rs 13.83 trillion, solidifying its position as one of the most valuable companies in the country. The company’s average daily trading volume over the past 30 days was 2.66 million shares, and its price-to-earnings (P/E) ratio stood at 30.37. For the latest earnings released few days ago, it recorded revenue of 612.37 Billion, a 3.51% gain.
Infosys
Another IT champion, Infosys, witnessed a 0.45% decline in its share price, closing at Rs 1,432.00. The stock traded within a day range of Rs 1,427.00 to Rs 1,445.40 and a 52-week range of Rs 1,220.55 to Rs 1,733.00. Infosys boasts a market cap of Rs 5.92 trillion and an average daily trading volume of 8.24 million shares over the past month. The company’s P/E ratio stood at 22.62, reflecting its growth prospects and profitability.
Reliance Industries
Reliance Industries Ltd, the conglomerate giant, saw its shares drop by 0.39% to Rs 2,908.50. The stock’s day range was Rs 2,900.00 to Rs 2,930.00, while its 52-week range ranges from Rs 2,137.15 to Rs 3,024.90. With a market cap of Rs 19.65 trillion, Reliance Industries remains one of the most valuable companies in India. In its latest fiscal quarter ended March 31, 2024, the company reported a 15.17% year-over-year increase in revenue to Rs 2.45 trillion. However, net income declined by 1.80% to Rs 189.51 billion, with a net profit margin of 7.73%.
Hindustan Unilever
Hindustan Unilever Ltd, the consumer goods giant, experienced a 0.26% dip in its share price, closing at Rs 2,225.00. The stock traded within a day range of Rs 2,218.60 to Rs 2,255.00 and a 52-week range of Rs 2,172.05 to Rs 2,769.65. The company’s market cap stands at Rs 5.22 trillion, with an average daily trading volume of 2.21 million shares over the past 30 days. Hindustan Unilever’s P/E ratio was 50.67, reflecting its strong brand recognition and pricing power. The stock offered a dividend yield of 1.80%.
HDFC Bank
In the banking sector, HDFC Bank Ltd saw a marginal increase of 0.017% in its share price, closing at Rs 1,511.00. The stock traded within a day range of Rs 1,505.55 to Rs 1,528.00 and a 52-week range of Rs 1,363.55 to Rs 1,757.50. HDFC Bank now has a market cap of Rs 11.47 trillion and an average daily trading volume of 18.43 million shares. The bank’s P/E ratio stood at 16.79, and it offered a dividend yield of 1.29%.
In its latest fiscal quarter ended March 31, 2024, HDFC Bank reported a 113.20% year-over-year increase in revenue to Rs 668.89 billion. However, operating expenses surged by 236.70% to Rs 491.28 billion, while net income grew by 39.92% to Rs 176.22 billion.
