Page 1033 - Markets News
Quick Heal rises 5% on inking pact with EET Group; up 25% in last 6 months
The surge came following the announcement of a strategic collaboration with Europe's EET Group to bolster its cybersecurity offerings
 "Quick Heal rises 5% on inking pact with EET Group; up 25% in last 6 months")
UBS gives Buy rating to PI, Navin; initiates coverage on 4 chemical stocks
Owing to the growth potential in the Indian chemical companies UBS has initiated coverage on four firms including PI Industries and Navin Fluorine International with 'Buy' ratings
 "UBS gives Buy rating to PI, Navin; initiates coverage on 4 chemical stocks")
Somany Ceramics shoots up 20% on strong jump in profits; brokerage upbeat
In Q4FY24, Somany Ceramics witnessed a 38.85 per cent surge in consolidated net profit, reaching Rs 33.88 crore compared to Rs 24.40 crore in Q4FY23
 "Somany Ceramics shoots up 20% on strong jump in profits; brokerage upbeat")
Nifty MNC index at new high; Honeywell, 3M India, Schaeffler gain up to 9%
In the past one month, the MNC index has rallied 8%, as against less than 1% gain in Nifty 50
 "Nifty MNC index at new high; Honeywell, 3M India, Schaeffler gain up to 9%")
HOAC Foods IPO Day 1: Check subscription status, GMP, financials & more
The IPO, which opened on Thursday, May 16, has been oversubscribed 13.57 times, indicating robust demand from investors
 "HOAC Foods IPO Day 1: Check subscription status, GMP, financials & more")
Newly listed Aadhar Housing soars 8% after HNIs buy shares in bulk deals
On May 15, listing day, Akash Bhanshali acquired 2.2 million shares worth of Rs 70.19 crore of Aadhar via bulk deal on the NSE, the exchange data shows.
 "Newly listed Aadhar Housing soars 8% after HNIs buy shares in bulk deals")
Honeywell Automation shares rally 8%, hit 52-week high amid strong Q4 show
Honeywell Automation's board announced a final dividend of Rs 100 per share for the fiscal year 2024 while releasing its Q4FY24 results
 "Honeywell Automation shares rally 8%, hit 52-week high amid strong Q4 show")
Kirloksar Brothers hits new high on strong earnings; zooms 108% in 3 months
In past three days, the stock of Kirloksar Group company has surged 32% after it posted a solid 57% YoY jump in its consolidated PAT at Rs 142.7 crore in the March quarter
 "Kirloksar Brothers hits new high on strong earnings; zooms 108% in 3 months")
Dixon Technologies stock up 176% in one year; check reasons here
Dixon Technologies' Q4 profit surged 24.7 per cent to Rs 98.5 crore
 "Dixon Technologies stock up 176% in one year; check reasons here")
Pricol shares hit 52-week high on robust March quarter results
The automotive components manufacturer's net profit climbed 39.3 per cent to Rs 41.5 crore in the March quarter of financial year 2024 (Q4FY24)
 "Pricol shares hit 52-week high on robust March quarter results")
These key triggers can help Crude Oil break from the trading range
Any significant upside in Crude Oil can only be sustained by strong demand side fundamentals from the US and China, says Mohammed Imran, research analyst at Sharekhan BNP Paribas.
 "These key triggers can help Crude Oil break from the trading range")
Titagarh Rail Systems shares zoom 9% on stellar Q4 earnings; profits rise
Titagarh Rail Systems Revenue saw an 8 per cent year on year (YoY) uptick, reaching Rs 1,052.4 crore in Q4FY24 compared to Rs 974.2 crore in Q4FY23
 "Titagarh Rail Systems shares zoom 9% on stellar Q4 earnings; profits rise")
Sebi plans tighter rules for listing small biz after complaints of misuse
The news rules are slated to be issued later this year after the regulator and exchanges consult stakeholders, they said
 "Sebi plans tighter rules for listing small biz after complaints of misuse")
Oil India stock up 5% on bonus issue plan; cut in windfall tax aids rally
The government has cut the windfall tax on petroleum to Rs 5,700 per metric ton from Rs 8,400 w.e.f from May 16. Company to consider bonus share issue on 20 May.
 "Oil India stock up 5% on bonus issue plan; cut in windfall tax aids rally")
NCC shares surge 7% on strong Q4 performance
The industrial building construction company's net profit increased 25.2 per cent in the fourth quarter of financial year 2024 (Q4FY24) to Rs 239.2 crore
 "NCC shares surge 7% on strong Q4 performance")
Indian bond yields to decline as treasury yields drop post inflation data
Inflation accelerated in the first quarter on strong domestic demand after moderating for much of last year
 "Indian bond yields to decline as treasury yields drop post inflation data")
Class-action suits come to the rescue of investors in Indian mkts, finally
It's only now that the tool is finally being put to use. Two separate challenges are being heard by India's company law tribunal
 "Class-action suits come to the rescue of investors in Indian mkts, finally")
Buy PFC, Power Grid; Sell Bajaj Finance May futures, recommends Ajit Mishra
Ajit Mishra, SVP-Research of Religare Broking expects the Nifty to face resistance in the 22,300 - 22,400 range.
 "Buy PFC, Power Grid; Sell Bajaj Finance May futures, recommends Ajit Mishra")
Stocks to watch on May 16: Dixon Tech, LIC Housing Finance, Goa Carbon
At 7:10 AM, Korea's Kospi led the gains with a 1.19 per cent increase, while Hong Kong's Hang Seng was up by 0.99 per cent. Japan's Nikkei also saw a rise of 0.53 per cent
 "Stocks to watch on May 16: Dixon Tech, LIC Housing Finance, Goa Carbon")
Buy ideas for May 16: Cyient, Aether, Clean Science; check target prices
Following a correction of roughly 60 points, equating to a notable 7 per cent downturn, Aether has shifted its course away from the prior support mark of Rs 800
 "Buy ideas for May 16: Cyient, Aether, Clean Science; check target prices")