Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed red.
Indian equity benchmark indices, Sensex and Nifty50, extended losses to the third day after trading in a narrow range throughout the session.
At the closing bell, the BSE Sensex closed 114 points higher (up 0.1%)
Meanwhile, the NSE Nifty closed 40 points lower (down 0.1%)
Eternal, HUL, NTPC are the top gainers today.
Titan Company, ICICI Bank, and Tata Steel, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 24455, 15 points lower at the time of writing.
The BSE 150 Midcap index is trading 0.1% higher, and the BSE 250 SmallCap index is trading 0.09% higher.
Sectoral indices were trading mixed today, with the banking sector and metal sector witnessing selling pressure. Meanwhile, stocks in the telecommunication and realty sectors witnessed buying.
The rupee is trading at Rs 95.4 against the US$.
Gold prices for the latest contract on MCX are trading 0.5% lower at Rs 1,54,044 per 10 grams.
Meanwhile, silver prices were trading 1.1% lower at 2,35,069 per 1 kg.
Thyrocare Stake Sale Triggers Sharp Share Crash
Shares of diagnostic company Thyrocare Technologies faced heavy selling on Thursday, August 13, after its promoter sold nearly 10% of the company's shares in market trades.
According to an exchange filing, promoter Docon Technologies Private sold 1.57 crore shares, equal to about 9.90% of Thyrocare's total paid-up equity.
Following the sale, the promoter's stake in Thyrocare fell from 60.92% to 51.02%. Docon Technologies, however, will continue to remain a promoter and the holding company of Thyrocare.
Astral Q1 Results
Shares of Astral came into focus after the company reported its Q1 FY27 results.
Astral reported a 52% year-on-year increase in consolidated net profit to Rs 1.20 billion (bn) in Q1, compared with Rs 0.79 bn in the year-ago period.
Revenue from operations rose 16% year-on-year to Rs 15.78 bn, from Rs 13.61 bn in the corresponding quarter of the previous fiscal year.
EBITDA stood at Rs 2.03 bn, up 25% year-on-year but down 40% sequentially. The EBITDA margin expanded by 107 basis points year-on-year to 14.7% but declined by 368 basis points quarter-on-quarter, mainly due to weaker margins in the adhesives and paints businesses.
The gross margin stood at 40.6%, impacted by the partial pass-through of higher raw material costs.
Tata Motors Q1 Results
Shares of commercial vehicles maker Tata Motors came into focus after the company reported its Q1 FY27 results.
Tata Motors reported an 83% year-on-year jump in consolidated net profit to Rs 2,556 crore in Q1FY27, compared with Rs 1,397 crore in the same quarter last year. The increase was mainly driven by a mark-to-market gain on its investment in Tata Capital Ltd.
Consolidated revenue from operations rose to Rs 20,667 crore, from Rs 17,324 crore in the year-ago period.
EBITDA increased 9% year-on-year to Rs 2,253 crore, while the EBITDA margin stood at 11.6%.
Vehicle wholesales rose 26% year-on-year to 1,08,700 units during the quarter. Tata Motors also said that the acquisition of Iveco is in its final stage, with only one regulatory approval remaining.
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