Page 93 - Deepak Korgaonkar

Bajaj Finance rallies 13% in two days on healthy June quarter results

Thus far in the month of July, the market price of Bajaj Finance has appreciated 27 per cent, as compared to 6 per cent rise in the S&P BSE Sensex

Gland Pharma slips 10%, hits 52-week low on disappointing Q1 results

Q1 profit after tax tumbled 35 per cent YoY and 20 per cent QoQ to Rs 229 crore, due to lower operational income

Lumax Auto Technologies surges 10%, hits record high on improved outlook

In FY23, the company expects domestic sales and exports to rebound as the global economy (including India) is experiencing a strong recovery

CARE Ratings surges 10% as board to consider share buyback plan on July 20

In the past six months, CARE Ratings has underperformed the market by falling 27 per cent, as compared to a 12 per cent decline in the S&P BSE Sensex.

HCL Tech dips 6% in 2 days, hits 52-week low ahead of June quarter results

Analysts expect Ebit to contract sequentially due to increase in retention costs as well as higher travel costs

Rub-off effect: Spooked by TCS Q1 results, IT pack suffers losses

The Nifty IT index tanked over 3 per cent in early trade on Monday when compared with a 0.5 per cent fall on the Nifty50 index

Sectors and stocks to invest in H2-CY22

The first half of the calendar year 2022, which draws to a close now, was marred by external headwinds. We bring you a recap of what all kept traders and investors busy in the last six months

Indian stocks set to post their worst half-year performance in two years

Among sectors, the largest decline was seen in metal & information technology (IT) stocks, while relative outperformance was seen in auto counters

Route Mobile slips 7% after board approves share buyback via Open Market

Route Mobile board has approved the buyback of equity shares having face value of Rs 10 at a price not exceeding Rs 1,700 per equity share and for an aggregate amount not exceeding Rs 120 crore

Maruti stock accelerates 6% on margin hopes; other auto stocks gain

The gains are on hopes of margin improvement due to stable commodities prices

Jain Irrigation to merge global biz Temasek-owned Rivulis; stock zooms 17%

Going forward Jain Irrigation Systems will focus on improving the India business to drive higher growth and margin in one of the fastest growing irrigation markets in the world

Markets need tourniquet fix: Metal stocks melt down amid fears of recession

BSE Metal Index now down 35% from 2022 highs

Delta Corp rises 12% after gaming arm files DRHP, stock underperfoming

DGL's IPO will comprise a fresh issue of equity shares of face value of Rs 1 each, for an amount aggregating up to Rs 300 crore and an offer for sale for up to Rs 250 cr

Jhunjhunwalas lost nearly Rs 3,500 cr in this Tata Group stock in 3 months

Titan Company has slipped 7 per cent to Rs 1,925 in intra-day trade on Friday and has shed 29 per cent in the past three months.

LIC slips 5.8% as anchor investor lock-in ends; down 29% from issue price

LIC's stock traded at its lowest level since market debut on May 17, 2022

RBL Bank tumbles 18% on heavy volumes; stock hits record low

The Reserve Bank of India has approved R Subramaniakumar's appointment as the managing director & chief executive officer of the private sector lender.

Bajaj Auto gains 2% in a weak market as board to mull buyback on June 14

The board of directors of Bajaj Auto is scheduled to meet on Tuesday, 14 June 2022, to consider a proposal for buyback of fully paid-up equity shares of the company

Brent at $124/bbl: Oil India hits over 7-year high; zooms 114% in one year

Oil India is well placed to benefit from rising oil and gas prices and high gross refining margins, analysts said.

LIC hits new low since listing; market cap falls below Rs 5 trillion

Since listing, LIC has lost Rs 56,000 crore of market-cap from Rs 5.54 trillion to Rs 4.98 trillion

Reliance Industries rallies 7% in two days; stock nears record high

Long term prospects and dominant standing of RIL in each of its product & service portfolio provides comfort for long term value creation, analysts said.