Page 625 - Si Reporter

Sensex tanks 984 pts, ends at 48,782; financials crack; Nifty Pharma up 1%

On a weekly basis, both the frontline indices snapped their 3-week losing streak and added around 2 per cent higher each

IndiaMART InterMESH tanks 8% on weak operational performance in March qtr

The B2B e-commerce firm's total income increased just 1 per cent to Rs 190 crore during the reported quarter

KPIT Technologies zooms 8% as margins expand 150 bps YoY in Q4

The Pune-based IT services firm reported net profit of Rs 47 crore for the fourth quarter ended March 31, 2021 up 23.6 per cent year-on-year

Wipro hits 52-week high as firm revises Q1FY22 revenue guidance

Wipro in an exchange filing earlier today said it expects revenue from its IT services business to be in the range of $2,324-$2,367 million during the first quarter of FY22.

Stocks to watch: RIL, IndusInd Bank, Titan, Ujjivan Fin Services, Wipro

A special resolution to appoint Samit Ghosh as CEO of Ujjivan Financial Services was defeated as it didn't get the requisite share of votes

F&O expiry: Sensex up 32 pts, ends April series below 50,000; metals shine

Among key sectoral indices, robust global demand lifted the Nifty Metal index to record peak of 4,869 on the NSE today

UTI AMC hits 52-week high as firm returns to profit in March quarter

The shares of the company have gained nearly 16 per cent over its issue price of Rs 554

Morepen Laboratories rallies 17% in two days on fundraising plans

Morepen Laboratories board approved the issue of up to 5 crore equity shares to Liquid Holdings, an entity belonging to the promoter group of the company, at a price of Rs 38 per equity share

RattanIndia Enterprises hits 5% upper circuit as firm forays into EV space

As part of the deal, RattanIndia Enterprises will have 50 per cent board presence in Revolt Intellicorp and Rajiv Rattan will be chairman of the board of Revolt

RIL gains 2% on report co discusses stake sale with Aramco; up 7% this week

According to a report by Financial Times, RIL has held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm

Stocks to watch: HUL, Bajaj Auto, RIL, Tata Communications, Titan, SIS

Analysts expect HUL to post high double-digit growth in both net profit and revenues of the company on a yearly basis

Investors look beyond Covid cases' surge; Sensex zooms 790 pts; banks rally

CLSA opines that the surge in Covid cases in Maharashtra may taper in May as the state is in its fourth-month of the second wave. This, it believes, will be positive for the markets

Anupam Rasayan hits 52-week high on securing order worth Rs 1,100 crore

The company will be providing multiple products to the multinational firm for the next five years

SBI board approves to raise $2 billion through bonds in FY22; stock up 3%

So far in the current calendar year, the scrip has soared 28.3 per cent on the BSE compared with the Sensex's 2.4 per cent gain

HDFC AMC sheds 3% on low Q4 AUM growth, loss in market share woes

The company on Tuesday reported a 26.52 per cent year-on-year (YoY) growth in profit after tax (PAT) at Rs 316.08 crore for the three months to March 2021

TVS Motor Company rallies 15% on better-than-expected Q4 show

The company on Tuesday posted a nearly four-fold increase in its consolidated net profit to Rs 319.19 crore for the fourth quarter of FY21, riding on the back of robust sales in the domestic and inter

Stocks to watch: Axis Bank, Britannia, Bajaj Finance, Info Edge, HDFC AMC

FMCG major Britannia Industries reported a 3 per cent YoY decline in consolidated net profit at Rs 360.07 crore in the fourth quarter ended March 31

JSPL hits 52-week high as board approves divestment in Jindal Power

The equity value is an all-cash offer of Rs 3,015 crore, including 3,400 MW coal fired power plants in Chhattisgarh and other non-core assets owned by JPL

Metal shares extend rally; Nifty Metal index surges 18% in 2 months

Individually, Hindalco rose 6.2 per cent, Nalco (6 per cent), Adani Enterprises (3.4 per cent), and Welspun Corp (3 per cent)

Robust March quarter results drive Castrol India stock 7% higher

Castrol India's Managing Director Sandeep Sangwan attributed the good set of numbers to the focused investments, interventions and actions taken in the second half of 2020