Page 1055 - Markets News
Indegene makes strong market debut; lists 46% premium over issue price
At 10:01 am; Indegene was trading at Rs 579.90, a 28 per cent premium over its issue price and fallen 12 per cent from its listing price on the BSE
 "Indegene makes strong market debut; lists 46% premium over issue price")
Rupee settles near record closing low vs dollar ahead of US inflation data
The local currency settled at Rs 83.53 a dollar against 83.50 a dollar on Friday. It had hit the record closing low of 83.54 on April 16 this year
 "Rupee settles near record closing low vs dollar ahead of US inflation data")
Stock Market Highlights, May 13: Sensex recoups 910 pts from low, ends 112 pts up; Nifty holds 22100
Stock market highlights, Monday, May 13, 2024: In the broader markets, the BSE MidCap index gained 0.36 per cent, while the BSE SmallCap fell 0.23 per cent
 "Stock Market Highlights, May 13: Sensex recoups 910 pts from low, ends 112 pts up; Nifty holds 22100")
Syrma SGS plunges 18% as profit margins contract in Q4FY24
Syrma SGS Technology share price: Syrma SGS' adjusted net profit declined 17.5 per cent Y-o-Y to Rs 452.14 crore
 "Syrma SGS plunges 18% as profit margins contract in Q4FY24")
This smallcap stock has zoomed 30% in 2 days on heavy volumes
D-Link (India)'s board on Saturday recommended a dividend of Rs 8 per equity share and a special dividend of Rs 5 per equity share totalling to Rs 13 per equity share for FY24.
 "This smallcap stock has zoomed 30% in 2 days on heavy volumes")
Neuland Labs plunges over 14% on weak Q4 performance; Profit, margins drop
Neuland Labs total income fell by 6 per cent year on year (YoY) to Rs 390 crore in Q4FY24 as against Rs 415 crore in Q4FY23
 "Neuland Labs plunges over 14% on weak Q4 performance; Profit, margins drop")
Stock market will 'shoot up' on June 4 after PM Modi's victory: Amit Shah
The Indian stock market will 'shoot up' after the Lok Sabha elections 2024 results are announced on June 4, said Union Home Minister Amit Shah and encouraged investors to buy before that
 "Stock market will 'shoot up' on June 4 after PM Modi's victory: Amit Shah")
Brokerages mixed on Eicher Motors after Q4; check latest target prices
Overall, Eicher Motors reported promising numbers, with profits surging over 31 per cent to Rs 983.3 crore in Q4FY24, compared to Rs 747 crore in Q4FY23
 "Brokerages mixed on Eicher Motors after Q4; check latest target prices")
CLSA's $1.2-trillion small, midcap stock bets: Check top India stock picks
Fino Payment Bank, Max Financial, Sula Vineyards and Embassy REIT among top midcap and small-cap stocks by CLSA.
 "CLSA's $1.2-trillion small, midcap stock bets: Check top India stock picks")
Piramal Pharma zooms over 10% on strong Q4 earnings; CDMO biz gives boost
In Q4FY24, Piramal Pharma reported a 102 per cent Year-on-Year (YoY) surge in Profit After Tax (PAT), totaling Rs 101.27 crore
 "Piramal Pharma zooms over 10% on strong Q4 earnings; CDMO biz gives boost")
This large cap MNC stock has zoomed 101% since November
Siemens stock update: In past three months, since Q1 results, Siemens has appreciated by 54 per cent after the company reported healthy earnings.
 "This large cap MNC stock has zoomed 101% since November")
Sensex dips 800 pts intraday, Nifty nears 21,800: Why is market falling?
The S&P BSE Sensex fell by 780 points or 1.07 per cent to hit an intraday low of 71,882.90 on May 13
 "Sensex dips 800 pts intraday, Nifty nears 21,800: Why is market falling?")
State-owned Bank of India tanks over 12% as slippages, credit cost soar
According to reports, the bank's slippages increased to Rs 2,308 crore in Q4FY24 as against Rs 1313 crore in Q3FY24. Sippages denote the amount of fresh loans that have turned into bad loans
 "State-owned Bank of India tanks over 12% as slippages, credit cost soar")
BEML surges 13% on solid Q4 numbers, hefty dividend
BEML's order book as on April 01, 2024, stood at Rs 11,872 crore as against Rs 8,570 crore in the previous year, an increase of 38.5 per cent.
 "BEML surges 13% on solid Q4 numbers, hefty dividend")
Bond yields expected to trend lower after second government buyback
India will report consumer price inflation data today
 "Bond yields expected to trend lower after second government buyback")
India VIX soars 16%, hits 21-mark on NSE on May 13; more volatility ahead?
Stock market updates: India VIX soared 16% on the day of the fourth phase of voting for Lok Sabha elections 2024
 "India VIX soars 16%, hits 21-mark on NSE on May 13; more volatility ahead?")
Cipla surges 6% in weak market on upbeat management commentary
The management has guided 24.5 per cent-25.5 per cent Ebitda margin for FY25
 "Cipla surges 6% in weak market on upbeat management commentary")
ABB India rallies 8%, hits new high on strong March quarter results
ABB has positioned itself rightly in the domestic markets to benefit from private capex, industrial automation, PLI-led capex, global offshoring, improved energy demand, and technological advancements
 "ABB India rallies 8%, hits new high on strong March quarter results")
Berger Paints, Persistent: 5 oversold stocks that can bounce back up to 10%
HDFC Life, CoForge and Syngene are the other 3 stocks trading in oversold zone; Technically a RSI reading below 30 on the charts is considered oversold; here are the key levels.
 "Berger Paints, Persistent: 5 oversold stocks that can bounce back up to 10%")
Stocks to watch on May 13: TaMo, ICICI Bank, BEML, JK Cement
Stocks to watch on May 13: Tata Motors' profit zoomed 222 per cent to Rs 17,407.2 crore in Q4FY24 on the back of robust performances across all automotive sectors
 "Stocks to watch on May 13: TaMo, ICICI Bank, BEML, JK Cement")