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Nifty settles above 15,300; broader market outperforms

Equity indices ended a volatile session with small gains on Thursday. The Nifty managed to close above the 15,300 mark after slipping below that level in the intraday. Banksm IT and metal stocks were in demand while realty shares corrected. As per the provisional closing data, the barometer index, the S&P BSE Sensex, rose 97.70 points or 0.19% at 51,115.32. The Nifty 50 index gained 36.40 points or 0.24% at 15,337.45. Trading was volatile as the May 2021 F&O contracts expired today, 27 May 2021. The broader indices outperformed the benchmarks. The S&P BSE Mid-Cap index rose 0.54% while the S&P BSE Small-Cap index added 0.34%. Buyers outpaced sellers. On the BSE, 1,756 shares rose and 1,364 shares fell. A total of 144 shares were unchanged.

Pfizer skids after Q4 PAT slips 2% to Rs 101 cr

Pfizer slipped 1.30% to Rs 5197.70 after the company s net profit fell 2.4% to Rs 100.55 crore on 6.5% rise in net sales to Rs 534.76 crore in Q4 March 2021 over Q4 March 2020. Profit before tax jumped 8.4% to Rs 132.09 crore in Q4 FY21 as against Rs 121.90 crore in Q3 FY21. During the financial year, Pfizer s net profit fell 2.26% to Rs 497.61 crore on a 4.03% increase in net sales to Rs 2,238.55 crore in FY 2021 over FY 2020. The quarter and year ending March 2020 had prior year tax reversals amounting to Rs 44 crore, thereby resulting in the lower net profit during the period/year when compared with same period last year.

Pfizer Limited revenue from operations for the quarter and year ended March 31, 2021 at ₹535 crore and ₹2,239 crore respectively

Pfizer Limited revenue from operations for the quarter and year ended March 31, 2021 at ₹535 crore and ₹2,239 crore respectively
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