In the last trading day of the week, the Indian stock market was witnessing fluctuation. After the start on Friday, the Sensex fell 19 points to close at 38,954 level, while the Nifty fell by about 13 points to 11,715. The Sensex on Thursday fell 51 points or 0.13 percent to close at 38,981 points. Similarly, the Nifty also closed at 11,725 points due to a loss of 24 points or 0.20 percent.
Bharti Airtel is the frontrunner in the number of shares that recorded the increase during the business. Airtel's shares closed with a gain of more than 3 percent, while ICICI Bank and NTPC closed with a gain of nearly 1.50 percent. On the other hand, shares of TCS, HUL, HCL, Tata Steel, Infosys, Bajaj Finance and HDFC closed on red marks. TCS shares fell nearly 4 percent.
Godrej
Godrej Consumer Products Limited (GCPL), day-to-day consumer goods posted a 51.53 percent increase in net profit at Rs 935.24 crore in the January-March quarter. According to GCPL, the company's net profit in the fourth quarter of the fiscal year 2017-18 was Rs 617.19 crore. If done in the financial year 2018-19, the net profit of the company was Rs 2,341.53 crore, which was Rs 1,634.18 crore in the previous year.
Century Textiles
Century Textiles & Industries Limited (CTIL) reported a net profit of Rs 227.62 crore in the January-March quarter. That was the net profit of Rs 108.69 crore in the fourth quarter of FY 2017-18. A total expenditure of CTIL is Rs. 765.38 crores. In the meantime, the company has said that its result is not comparable with the January-March quarter of last year because it has given rights to the management and operation of Viscose Filament Yarn business for 15 years to Grasim Industries.
Cognizant
Net profit of Cognizant, IT Company fell 15 percent in the quarter ended March. The company also downgraded the revenue growth forecast for the entire year. The company had predicted a growth of 7-9 percent in revenue this year a few months ago. The company is responsible for the poor performance in the first quarter and the fear of slow growth in the financial services and health sector is responsible for forecasts.
National Fertilizers Limited
Net profit of public sector firm National Fertilizers Ltd (NFL) rose 27.89 percent to Rs 295.08 crore in the financial year 2018-19. This is a boost to the company's profits due to record sales. In the financial year 2017-18, the company's net profit was Rs 212.76 crore. National Fertilizers has sold 48.9 lakh tonnes of urea and other fertilizers during the financial year 2018-19. It is 14 percent higher than in 2017-18.
