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#758 Daily Money Show | Money Purse Stock Market News
Original: # 758 Daily Money Show | Money Purse Stock Market News
Takeaway
Mixed market session with a mostly-flat Nifty, but pharma (Orchid), EV-charger (Servotech), and consumer-tech (IRCTC) names reacted to genuine catalysts while Gensol's guidance cut hurt sentiment.
Summary
- Sensex closed at 73,142 (-15 pts), Nifty -4 pts at 2,212; midcap +0.38%, smallcap +0.50%, Bank Nifty -0.23%.
- Maharashtra FDA cancelled a McDonald's outlet license in Ahmednagar for using vegetable-oil-based fake cheese; Westlife Foods denied wrongdoing claiming top-quality cheese is used.
- Gensol Engineering fell ~4% after promoter Anmol Jaggi cut FY24 revenue guidance from Rs 1,500 cr to Rs 1,000 cr+ but reaffirmed FY25 target of Rs 2,000 cr revenue / Rs 600 cr EBITDA / Rs 120 cr PAT.
- Orchid Pharma's Exblifep (UTI drug) got USFDA approval, stock +6%; IRCTC partnered with Swiggy (after Zomato) for food delivery at Vijayawada, Vizag, Bhubaneswar, Bengaluru stations.
- Sona BLW became first auto company to get PLI certificate (for 2W sub-wheel drive motor); Servotech got Rs 102 cr order for 1,500 DC fast EV chargers from HPCL and others; Pratap Snacks denied ITC majority-stake acquisition rumours.
Daily Money ShowMcDonald'sGensolIRCTCPharma
Original description
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