Page 565 - Si Reporter

Asian Paints, Berger Paints slip 6% after Grasim doubles capex plan

Grasim has doubled the capital expenditure for its foray into the paints business to Rs 10,000 crore.

Sensex falls for 3rd day, dips 303 pts; Asian Paints sinks 8%; IT index 3%

CLOSING BELL: The broader markets, meanwhile, bled more with the BSE SmallCap index sliding nearly 3 per cent, and the BSE MidCap index falling close to 2 per cent

Govt exempts customs duty on soybean, sunflower oil; AWL, Ruchi Soya dip 5%

The government on Tuesday exempted customs duty and the agri cess on importing 2 million tonnes of soybean and sunflower oil per year

Sugar stocks extend fall, slip up to 9% as government restricts exports

Brokerage ICICI Securities believes this would not have any impact on sugar companies' fundamentals.

Minda Industries rallies 9% post Q4 results and 1:1 bonus issue

The management believes that the auto industry is at the cusp of revival, with favorable governmental policies and more new product launches planned by OEMs for the coming year.

IT, Metals drag Sensex 236 pts down; Delhivery rises 10%, Zomato 15%

CLOSING BELL: On the NSE, the Nifty50 shut shop at 16,138, down 77 points or 0.47 per cent

Manappuram Finance hits lowest level since March 2020; slips 25% in 1 month

Despite the management's optimism on demand outlook, there are challenges considering the signs of rural slowdown as evident from recent corporate results in many sectors

Sharda Cropchem hits new high on strong business outlook; stock surges 10%

Analysts expect the company to show high growth momentum, strong balance sheet, free cash-flows and strong return ratios over FY22-24.

Rupa & Company tanks 20% after disappointing Q4 performance, CEO's exit

The company's consolidated profit after tax (PAT) declined 25 per cent year on year (YoY) at Rs 49.3 crore, on the back of flat revenues at Rs 455.5 crore over the previous year quarter.

Delhivery makes listless debut; opens 1% higher against issue price

The stock of logistics services provider got listed at Rs 493, 1.2 per cent higher against its issue price of Rs 487 per share on the BSE

Venus Pipes lists at 4% premium against issue price; stk hits upper circuit

Post listings,the stock was locked in the 5 per cent upper circuit band at Rs 351.75 on the BSE

Divis Labs sheds 14% in two days, hits 52-week low post Q4 results

The company has earmarked an aggressive capex of around Rs 2,000 crore over next two years in order to take a chunk of around $20 billion opportunity of APIs going off-patent over FY23-25.

Sensex falls 642pts from day's high, ends 38pts down; Tata Steel bleeds 12%

CLOSING BELL: The sharp knock in metal stocks came after he government levied export duty on 11 iron and steel intermediates and key steel products.

Indian Hotels unveils 'Ahvaan 2025' for profitable growth; stock gains 4%

The company aims to build a portfolio of 300 hotels, clock 33 per cent EBITDA margin with 35 per cent EBITDA share contribution from new businesses and management fees by FY 2025-26.

Amara Raja Batteries slips 6% on disappointing Q4 operational performance

In Q4, Ebitda declined by 31 per cent year on year to Rs 220 crore due to lower-than-expected revenue and delay in passing on commodity inflation

Stock of this rubber producer company has zoomed 76% in two months

Apcotex hit a record high of Rs 640.30 and rallied 10 per cent on the BSE.

Auto stocks gain on fuel price cut; Maruti, Ashok Ley, M&M gain up to 5%

Analysts also believe that the government's export duty hike on steel and plastic bodes well for the auto sector due to elevated commodity inflation.

MSCI Inclusion Impact: Adani Power hits record high, up 35% in seven days

In the past three months, the stock has zoomed 161 per cent, as compared to 5 per cent decline in the S&P BSE Sensex.

Nifty Metal bleeds 7% after govt hikes export duty on steel products

The government levied export duty on 11 iron and steel intermediates and key steel products.

Dr Reddy's sees sharpest intra-day rally since Sept 2020; stock surges 8%

The stock gained 9 per cent in two days after the pharma company reported better-than-expected revenue growth in March quarter (Q4FY22).