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Share Market Highlights 2 August 2023: Sensex, Nifty fall over 1% amid global sentiment slump

Share Market Highlights 2 August 2023: Sensex, Nifty fall over 1% amid global sentiment slump
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Sapphire Foods India Allots Equity Shares To Employees As ESOPs

Sapphire Foods India Allots Equity Shares To Employees As ESOPs
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Trade setup for Wednesday: Top 15 things to know before the opening bell

A short build-up was seen in 64 stocks, including Hero Motocorp, InterGlobe Aviation, DLF, Power Grid Corporation of India, and Maruti Suzuki India. An increase in OI along with a fall in price points to a build-up of short positions.

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Sapphire Foods Allots Equity Shares To Employees As ESOPs

Sapphire Foods Allots Equity Shares To Employees As ESOPs
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A QSR full course serves up weak demand, margin pressures as sides

Except for Westlife Foodworld (Westlife), a weak 2022-23 (FY23) January-March (fourth quarter, or Q4) quarter performance and a muted near-term outlook led to a downward revision of earnings estimates for quick-service restaurant (QSR) players. Brokerages have slashed estimates by as much as 10 per cent for 2023-24 (FY24) and 2024-25 (FY25). The downward revisions have weighed on the performance of listed players, who have underperformed the market with low single-digit returns over the past month.

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