Page 493 - Si Reporter

Banks, Wipro lift indices in fag-end; Sensex up 401 pts, Nifty tops 17,700

CLOSING BELL: The gains in benchmark indices were led by HDFC Life (up 6.4 per cent), Wipro, ICICI Bank, Titan, Axis Bank, SBI, Hero MotoCorp, Grasim, and Adani Ports

Ircon Int'l, RVNL surge up to 10%, hit 52-week high on heavy volumes

In past one month, RVNL and Ircon International have rallied 30 per cent each at the bourses, as against nearly 4 per cent rise in the Sensex.

Cyient extends rally on strong Q4 results; stock zooms 52% so far in CY23

The recent stock run-up largely captures growth momentum; expensive valuation limits upside, analysts at ICICI Securities said.

Reliance Industries gains 1% post March quarter results

The company reported its highest-ever net profit during the quarter, due to a decline in raw material costs and big savings on tax expenses

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.

Ramky Infrastructure hits over 12-year high; stock zooms 48% in 2 months

On March 31, 2023, Ramky Infra announced that Srinagar Banihal Expressway Limited (SBEL), a subsidiary of the company, has reached a debt settlement agreement with lenders

ITC surpasses HDFC's m-cap to become 7th most valued listed company

Thus far in calendar year 2023 (CY23), ITC has surged 22%, as compared to 3% decline in the S&P BSE Sensex, and 2.4% rise in HDFC Ltd

Stock of this footwear company has zoomed over 100% in 9 trading days

Mirza International was locked at the 10 per cent upper circuit for the third straight day so far on Friday.

Cyient surges 9%, hits 52-week high on strong Q4 results

Overall, from a macro standpoint, the business outlook remained strong with no material impact on the BUs, except for few sub-segments, analysts said.

HCL Technologies gains 3% post March quarter results

HCL Tech's guidance of 18-19 per cent EBIT margin in FY24, despite prevailing uncertainties and larger share of cost take out deals in pipeline, suggests good cost control measures.

ITC m-cap hits Rs 5-trn for the first time; stock surges 21% so far in CY23

ITC is expected to maintain its volume growth momentum in the cigarette business, given no price hikes in the near term and government curbing illicit cigarette sales

Sensex, Nifty snap 3-day losing streak, end marginally up; Infy, HUL slip

CLOSING BELL: The S&P BSE Sensex was up 65 points, while the Nifty 50 added six points. Tata Motors, NTPC, Asian Paints, SBI and Bharti Airtel were the prominent gainers.

Footwear stocks rally; Khadim, Liberty Shoes, Superhouse zoom up to 20%

Bata India, Metro Brands, Sreeleathers, Relaxo Footwears and Campus Activewear were up in the range of 2 per cent to 7 per cent

This railway stock soared 14% today, hitting new high on heavy volumes

In the past two months, the stock of Titagarh Wagon has zoomed 58% after the company reported healthy YoY revenue growth of 71% and healthy operating margin of ~10% in the first nine months of FY23

Hotel stocks in demand: Lemon Tree, Oriental, Kamat Hotels surge up to 10%

Going forward, analysts expect FY24 to stay strong for the sector supported by full resumption of the economy, India's G20 presidency in 2023, ICC Men's world cup and easing of E-visa rules.

Mastek surges 11% on strong March quarter results

Healthy growth during the quarter was fueled by strong in-quarter execution and demand for Digital Engineering, Experience, and Cloud Transformation services.

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

This Rekha Jhunjhunwala-owned stock hit new peak after a gap of 15 years

After a gap of over 15 years, the stock has touched a new peak. It surpassed its previous high of Rs 448.5 per share, which it had touched in December 2007

Prism Johnson surges 13% on hopes of improvement in operational performance

Rating agencies expect the profitability of PJL's to improve in FY24 owing to softening in input procurement costs coupled with cost savings

TVS Motor gains 3%, hits record high on healthy demand outlook

In the past one month, TVS Motor has outperformed the market by surging 13 per cent, as compared to 3.6 per cent rise in the S&P BSE Sensex and 7 per cent rally in the S&P BSE Auto index