Page 128 - Latest Updates on Stock Market
A 35,000% stock market return since 2012 in European Union? Here's how
Europe's haul isn't far behind the US, where 71 companies have achieved the same feat in the past 10 years, belying the notion the corporate landscape here is sclerotic
 "A 35,000% stock market return since 2012 in European Union? Here's how")
Power Mech surges 8%, hits record high on winning orders worth Rs 720 crore
The stock price of PMPL has appreciated by 70 per cent from a level of Rs 1,571 touched on February 3 on the BSE
 "Power Mech surges 8%, hits record high on winning orders worth Rs 720 crore")
Energy business powers RIL: Q4 beats Street, outlook positive for stock
Improved performance in consumer biz, its proposed listing remain key triggers
 "Energy business powers RIL: Q4 beats Street, outlook positive for stock")
Analysts see more upside in consumer appliance stocks as temperatures soar
White goods stocks: With the mercury currently on the boil, analysts remain bullish on the sector as they see more upside over the near-term and advise investors to pick stocks selectively
 "Analysts see more upside in consumer appliance stocks as temperatures soar")
Sensex, Nifty end flat after listless day; ITC, TCS up 2%; realty stks dip
CLOSING BELL: The broader indices ended marginally in red, with Midcap index declining 0.4 per cent, and the Smallcap index down 0.3 per cent.
 "Sensex, Nifty end flat after listless day; ITC, TCS up 2%; realty stks dip")
Tech M sheds 9% in 5 days on JP Morgan, Citi downgrades, target price cuts
Tech Mahindra's stock fell 2.6 per to its day's low of Rs 994.55 on Friday after JP Morgan downgraded the stock to 'underweight' from 'neutral', slashing its target price by 10 per cent to Rs 900
 "Tech M sheds 9% in 5 days on JP Morgan, Citi downgrades, target price cuts")
With nearly 100% stock returns in 16 months ITC is in no hurry to win
The unhurried pace of ITC, not controlled by any business family, has been reassuring
 "With nearly 100% stock returns in 16 months ITC is in no hurry to win")
Stocks to Watch: HCLTech, Cyient, Siemens, RIL, Suven Pharma, Voda Idea
Stocks to Watch today: HCLTech reported better-than-expected results for Q4FY23. The company posted a net profit of Rs 3,983 crore for the quarter, down 2.8% QoQ and up 11% YoY
 "Stocks to Watch: HCLTech, Cyient, Siemens, RIL, Suven Pharma, Voda Idea")
Emkay Global zooms 20% on Sebi's in-principle nod to enter MF business
The company said it has received in-principle approval from Securities and Exchange Board of India, Investment Management Department for sponsoring a Mutual Fund
 "Emkay Global zooms 20% on Sebi's in-principle nod to enter MF business")
Equities, other risk assets may be hit as $800-bn stimulus fades, says Citi
The risk rally has been fuelled by the injection of over $1 trn of central bank liquidity, and high-frequency liquidity indicators suggest this is already stalling
 "Equities, other risk assets may be hit as $800-bn stimulus fades, says Citi")
Rocky's road to investing
Authors Neil Borate, Aprajita Sharma, and Aditya Kondawar's book is a simplistic take on India's most successful investor, whose Midas touch lay in an unfettered belief in India's growth potential
 "Rocky's road to investing")
Stock of this auto ancillary company has zoomed 40% in two days
Shares of Precision Camshafts (PCL) rallied 16 per cent to hit a 52-week high of Rs 149 on the BSE in Tuesday's intra-day trade on heavy volumes
 "Stock of this auto ancillary company has zoomed 40% in two days")
Mutual fund inflows, equity market performance witness decoupling
Data shows that SIPs now account for 34 per cent of the total equity AUM compared to 25 per cent at the end of FY19
 "Mutual fund inflows, equity market performance witness decoupling")
Nestle surges 4%, nears 52-wk high ahead of record date for dividend payout
The company has fixed Friday, April 21 as the record date for a dividend of Rs 102 per share, which includes final dividend of Rs 75 per share for 2022 and interim dividend of Rs 27 per share for 2023
 "Nestle surges 4%, nears 52-wk high ahead of record date for dividend payout")
Market holiday: BSE and NSE closed today on account of Ambedkar Jayanti
Stock market holiday today: Full list of stock market holidays in 2023 here
 "Market holiday: BSE and NSE closed today on account of Ambedkar Jayanti")
TCS Q4 review: Near-term growth to moderate, demand levers intact: Analysts
TCS Q4 results review: Going ahead, most brokerages expect an inevitable slowdown for the company in the near-to-medium term
 "TCS Q4 review: Near-term growth to moderate, demand levers intact: Analysts")
Bull run enters 9th day for benchmarks; IT shares crack; AU SFB soars 17%
CLOSING BELL: IDBI Bank shares, too, surged 10 per cent after a Reuters report said the RBI has begun evaluating at least five potential bidders interested in picking up a majority stake in the lender
 "Bull run enters 9th day for benchmarks; IT shares crack; AU SFB soars 17%")
Surya Roshni hits 52-week high on healthy outlook; zooms 53% so far in 2023
Thus far in CY23, the stock has outperformed the market on the expectation of a sustained healthy performance ahead, supported by a steady volume growth
 "Surya Roshni hits 52-week high on healthy outlook; zooms 53% so far in 2023")
Stock of this conductor manufacturer has zoomed 100% in 2.5 months
Apar Industries hit a new high today on the favourable medium-term demand outlook with increased demand from the end-users such as the power, infrastructure, railways, defence and marine sectors.
 "Stock of this conductor manufacturer has zoomed 100% in 2.5 months")
Sebi imposes Rs 25 lakh fine on 5 entities for non-genuine trades
Sebi on Wednesday imposed fines totalling Rs 25 lakh on five entities for indulging in non-genuine trades in the illiquid stock options segment on BSE
 "Sebi imposes Rs 25 lakh fine on 5 entities for non-genuine trades")