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Stock Market Highlights, May 30: Sensex drops 617 pts, gives up 74K; Nifty below 22,500

Stock Market Highlights on May 30: In the broader markets, the BSE MidCap, and SmallCap indices fell over 1 per cent each

Cummins India share price sheds 6% amid cautious management commentary

Cummins India share: the sharp rise in global metal prices is posing a challenge in maintaining gross margins, Cummins India management said

Why did investors dump Marksans Pharma shares post Q4 results? Know here

Marksans Pharma's net profit fell 4.5 per cent on a year-on-year (Y-o-Y) basis to Rs 78.3 crore in the March quarter of FY24, from Rs 82 crore in the March quarter of FY23

Heritage Foods climbs 12% on strong Q4 results; profits jump two fold

On Wednesday, Heritage Foods reported a revenue of Rs 950 crore, marking a 16.3 per cent increase from Rs 817.6 crore in the corresponding period a year ago

MTNL drops over 2% after Q4 net loss widens; down 12% in three months

MTNL's net loss widened to Rs 783.7 crore on a year-on-year (Y-o-Y) basis, from a net loss of Rs 748.6 crore in the fourth quarter of financial year 2023 (Q4FY23)

Indegene slips 4% as net profit drops sequentially in March quarter

The company's net profit surged by 94.6 per cent to Rs 94.9 crore in the quarter ending March 31, 2024, compared to Rs 48.8 crore in the corresponding period last year. Whereas the profits fell

KFin Tech slumps 7% after block deals; General Atlantic likely seller

KFin Tech share: Reports said global private equity firm General Atlantic Singapore Fund was looking to sell 4.1 per cent stake in KFin Technologies

Bata India share price rises 3% as management sees demand revival ahead

Bata stock's ascent followed optimistic remarks from management regarding the potential for demand recovery in the near future

Emami zooms 19%, hits over 2-year high on healthy business outlook

The management expects core brands to deliver a healthy all-round growth going forward, aided by recovery in rural areas, a strong summer and forecast of a good monsoon.

Decent debut: Awfis Space Solutions lists at 14% premium over issue price

The stock listed at Rs 435, a 14 per cent premium over its issue price of Rs 383 per share on the National Stock Exchange in an otherwise weak market.

Edelweiss tanks 17% as RBI imposes biz restrictions on EARCL, ECL Finance

These directions shall be reviewed by RBI upon satisfactory remediation of their observations

IRB Infra block deal: Stock sinks 13% after over 300 mn shares change hands

IRB Infra stock news: Reports suggest IRB Holding Pvt Ltd, and Deepali Virendra Mhaiskar could be likely sellers

Aimtron Electronics IPO opens today; check price bands, lot size, GMP

Aimtron Electronics initial public offering (IPO) is set to open for subscription on Thursday, May 30, 2024. This is a book-built issue aiming to raise Rs 87.02 crores

Titagarh Rail soars 13% to hit new peak in weak market; up 81% in 11 weeks

A combined 7.9 million equity shares representing 5.9 per cent of total equity of the company have changed hands on the NSE and BSE till 02:49 PM.

GNFC slips 3% on weak March quarter performance; check details here

GNFC's revenue from operations slipped a little over 7 per cent to Rs 2,110 crore in Q4FY24, as opposed to Rs 2,271 crore a year ago (Q4FY23)

This air conditioning stock has zoomed 53% in one week on strong earnings

Johnson Controls-Hitachi rallied 13 per cent on the BSE in Wednesday's intra-day trade, extending its past four days gain

TCPL Packaging stock zooms 8% post Q4 earnings; margins improve YoY

TCPL Packaging PAT was registered at Rs 37.7 crore in Q4FY24 as against Rs 35.7 crore in Q3FY24, a rise of 6 per cent YoY

This construction company's stock has climbed 229% in one year; here's why

The State-owned company's profit rose 24.6 per cent on a year-on-year (Y-o-Y) basis to Rs 141.5 crore in the March quarter of financial year 2024 (Q4FY24)

Defence manufacturer MTAR Technologies shares sink 16%; here's why

On Tuesday, the company posted its Q4FY24 results. Revenue from operations surged 21.1 per cent year on year and stood at Rs 143.0 crore in Q4FY24 as against Rs 118.4 crore

Campus Activewear surges 18% on heavy volumes post March quarter results

Campius Activewear share price: Ebitda rose 16.1 per cent Y-o-Y at Rs 66.4 crore; margin improved 190bps Y-o-Y to 18.3 per cent