Nifty, Sensex may move sideways – Weekly closing report
Moneylife Digital Team
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We had mentioned in previous week’s closing report that Nifty, Sensex may move sideways. The major indices opened lower but rallied and ended with decent gains. The trend of the major indices in the week is given in the table:
On Monday, the indices opened lower but recovered its losses and ended flat. On the NSE, there were 1,166 advances, 786 declines and 106 unchanged.
Reliance Industries consolidated net profit for the March 2021 quarter doubled to Rs 13,227 crore from Rs 6,348 crore in the corresponding quarter of the previous year, due to a low base. Revenue grew to Rs 1,49,575 crore, up 10% YoY.
Q4FY21 Result Update - Supreme Industries - ICICI Direct equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Shares of Supreme Industries rose 4 per cent to hit a record high of Rs 2,200 on the BSE in intra-day trade on Tuesday after the company reported a strong set of January-March quarter (Q4FY21) numbers with consolidated profit after tax more than doubling at Rs 450 crore, on the back of higher revenue. The plastic products maker had reported a profit of Rs 114 crore in the year-ago quarter.
The company’s revenue grew 46 per cent year on year (YoY) at Rs 2,085 crore. The consolidated operating profit (PBDIT) jumped 112 per cent YoY to Rs 584 crore against Rs 276 crore in the corresponding quarter of previous fiscal. The strong performance of the company was backed by healthy realisations (up 35 per cent YoY) and expansion in EBITDA margin while volume growth was steady at around 8 per cent in Q4FY21.
Supreme Industries Results Review - Inventory gains bolsters margin! - HDFC Securities equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Read more about Supreme Industries consolidated net profit rises 284.02% in the March 2021 quarter on Business Standard. Sales rise 45.73% to Rs 2084.59 crore