The key benchmark indices continued to trade with substantial gains in early afternoon trade. The Nifty traded above the 25,700 level and Sensex crossed 84,000 mark. Realty shares advanced for the second consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, climbed 937.75 points or 1.11% to 84,108. The Nifty 50 index advanced 285.35 points or 1.12% to 25,701.15. The Sensex and Nifty clocked an all-time high of 84,248.69 and 25,726.65, respectively in early afternoon trade. Further, the Nifty Bank also hit a life high of 53,639.65. In the broader market, the S&P BSE Mid-Cap index added 0.71% and the S&P BSE Small-Cap index advanced 1.07%. The market breadth was strong. On the BSE, 2,465 shares rose and 1,333 shares fell. A total of 145 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, gained 2.60% to 12.80. The Nifty 26 September 2024 futures were trading at 25,685, at a discount of 16.15 points as compared with the spot at 25,701.15 The Nifty option chain for the 26 September 2024 expiry showed maximum Call OI of 84.9 lakh contracts at the 27,000 strike price. Maximum Put OI of 127.3 lakh contracts were seen at 25,000 strike price. Buzzing Index: The Nifty Realty index rose 1.24% to 1,082.30. The index jumped 1.74% in two consecutive trading sessions. Macrotech Developers (up 3.99%), DLF (up 2.04%), Brigade Enterprises (up 1.51%), Sunteck Realty (up 1.1%), Sobha (up 1.1%) and Godrej Properties (up 0.07%) advanced. On the other hand, Phoenix Mills (down 1.04%), Oberoi Realty (down 0.14%) and Prestige Estates Projects (down 0.1%) edged lower. The Phoenix Mills (PML) declined 1.04%. The company has announced that its wholly owned subsidiary, Casper Realty, has been declared the highest bidder for two prime city-centric plots in Mohali, Punjab. Stocks in Spotlight: IDFC First Bank added 0.08%. The bank has announced that the Reserve Bank of India (RBI) has granted approval for the re-appointment of V. Vaidyanathan as the managing director and chief executive officer (MD & CEO) of the bank for three years. Balkrishna Industries rose 0.11%. The company said that it has completed the capex for 30,000 MTPA of high value of advanced carbon material and commissioned the plant.Powered by Capital Market - Live

In February 2021, the board of the company had approved a proposal to to enhance the installed capacity of carbon from achievable capacity 115,000 MTPA to 200,000 MTPA. The proposal also involved setting up 30,000 MTPA capacity of high value of advanced carbon material and an additional power plant capacity of 20 MW. The estimated capex cost of the project was Rs 650 crore. The project was undertaken taking into consideration the overall demand / supply outlook as well as internal demand of carbon black. Balkrishna Industries is engaged in the business of manufacturing and selling of off-highway tyres (OHT) in the specialist segments such as agricultural, industrial & construction, earthmovers & port, mining, forestry, lawn & garden and all terrain vehicles (ATV). The company had reported standalone net profit of Rs 477.29 crore in Q1 FY25, registering a growth of 52.84% as against Rs 312.28 crore posted in Q1 FY24. Revenue from operations jumped 26.86% to Rs 2,689.53 crore in the quarter ended June 2024 as compared with Rs 2,120.02 crore posted in the same period last year. The scrip rose 0.16% to currently trade at Rs 3092.35 on the BSE. Powered by Capital Market - Live

Balkrishna Industries Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 2976, up 0.62% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.89% on the day, quoting at 24920.2. The Sensex is at 81387.58, down 0.99%. Balkrishna Industries Ltd has dropped around 7.28% in last one month. Meanwhile, Nifty Auto index of which Balkrishna Industries Ltd is a constituent, has dropped around 2.63% in last one month and is currently quoting at 25835.3, down 0.94% on the day. The volume in the stock stood at 1.93 lakh shares today, compared to the daily average of 3.39 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 2974.05, up 0.34% on the day. Balkrishna Industries Ltd is up 23.99% in last one year as compared to a 26.33% spurt in NIFTY and a 60% spurt in the Nifty Auto index.The PE of the stock is 35.65 based on TTM earnings ending June 24.Powered by Capital Market - Live

Net profit of Balkrishna Industries rose 47.64% to Rs 489.99 crore in the quarter ended June 2024 as against Rs 331.88 crore during the previous quarter ended June 2023. Sales rose 25.71% to Rs 2714.50 crore in the quarter ended June 2024 as against Rs 2159.35 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales2714.502159.35 26 OPM %24.4523.20 - PBDT803.32584.99 37 PBT639.92429.70 49 NP489.99331.88 48 Powered by Capital Market - Live

Balkrishna Industries announced that the Board of Directors of the Company at its meeting held on 9 August 2024, inter alia, have recommended the 1st interim dividend of Rs 4 per equity Share (i.e. 200%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Balkrishna Industries has fixed 20 August 2024 as record date for the purpose of ascertaining the eligibility of the shareholders for payment of 1st interim dividend on equity shares for the financial year 2024-25, if any. Powered by Capital Market - Live

Balkrishna Industries will hold a meeting of the Board of Directors of the Company on 9 August 2024.Powered by Capital Market - Live