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Indices trade near flat line; media shares advance
Indices trade near flat line; media shares advance

Business Standard

time04-07-2025

  • Business
  • Business Standard

Indices trade near flat line; media shares advance

The headline equity benchmarks continued to trade near the flatline with minor gains in the morning trade, as investors kept an eye on the US-India trade deal. The Nifty traded above the 25,400 level. Media shares extended gains for the second consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex rose 17.21 points or 0.02% to 83,256.68. The Nifty 50 index added 8.55 points or 0.03% to 25,413.85. The broader market outperformed frontline indices. The S&P BSE Mid-Cap index advanced 0.47% and the S&P BSE Small-Cap index rallied 0.35%. The market breadth was strong. On the BSE 2,293 shares rose and 1,324 shares fell. A total of 169 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.20% to 12.41. Buzzing Index: The Nifty Media index rose 0.58% to 1,760.25. The index advanced 2.03% in two consecutive trading sessions. Zee Entertainment Enterprises (up 2.04%), Dish TV India (up 2%), D B Corp (up 0.98%), Tips Music (up 0.88%) and Nazara Technologies (up 0.63%) were the top gainers. On the other hand, Network 18 Media & Investments (down 1.84%), Sun TV Network (down 0.66%) and PVR Inox (down 0.35%) turned lower. Stocks in Spotlight: Bajaj Finance (BFL) advanced 2.53% after the companys deposits jumped 15% to approximately Rs 72,100 crore as of 30th June 2025 compared with Rs 62,774 crore as of 30th June 2024. NBCC (India) rose 0.68%. The company announced that it has secured multiple orders aggregating to Rs 65.73 crore from Rajiv Gandhi Institute of Petroleum Technology (RGIPT) and Navodaya Vidyalaya Samiti. S H Kelkar and Company added 0.98%. The company announced that Rohit Saraogi has tendered his resignation from the position of group chief financial officer (CFO) and key managerial personnel of the company to pursue another career opportunity.

S H Kelkar CFO Rohit Saraogi resigns
S H Kelkar CFO Rohit Saraogi resigns

Business Standard

time04-07-2025

  • Business
  • Business Standard

S H Kelkar CFO Rohit Saraogi resigns

S H Kelkar and Company announced that Rohit Saraogi has tendered his resignation from the position of group chief financial officer (CFO) and key managerial personnel of the company to pursue another career opportunity. Rohit resignation will be effective at the close of business on 30 July 2025. S H Kelkar and Company is engaged in manufacture, supply and exports of fragrances and aroma ingredients. It is the largest domestic fragrance producer in India and the only company of Indian origin to file patents in the field of Fragrance & Novel aroma molecules. The companys consolidated net profit zoomed 202.3% to Rs 102.52 crore on 10.4% rise in revenue from operations to Rs 564.44 crore in Q4 FY25 over Q4 FY24. Shares of S H Kelkar and Company rose 0.68% to Rs 235.60 on the BSE.

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