Page 1060 - Markets News
KNR Constructions stock soars 28% in 3 weeks, nears record high; here's why
The brokerage firm MOFSL said the tender pipeline remains robust with strong order flows expected post elections.
 "KNR Constructions stock soars 28% in 3 weeks, nears record high; here's why")
Suven Pharma slips 3% as Q4FY24 results serve bitter pill to investors
Suven Pharmaceuticals on Thursday reported a 58 per cent year-on-year (Y-o-Y) decline in net profit at Rs 62.4 crore, while its revenues reduced by 32 per cent Y-o-Y
 "Suven Pharma slips 3% as Q4FY24 results serve bitter pill to investors")
Bharat Dynamics slips 9% from day's high as investors profit book post Q4
The defence public sector company on Thursday reported an 89 per cent year-on-year (YoY) surge in net profit, reaching Rs 288.8 crore for the fourth quarter ending March 31, 2024
 "Bharat Dynamics slips 9% from day's high as investors profit book post Q4")
Praj Industries jumps 7% on healthy Q4 results; Rs 6 dividend announced
Praj Industries profit rose 4.3 per cent year-on-year (Y-o-Y) to Rs 91.9 crore in Q4FY24, from Rs 88 crore in the same quarter last year (Q4FY23)
 "Praj Industries jumps 7% on healthy Q4 results; Rs 6 dividend announced")
Bikaji Foods rallies 9%, nears record high on heavy volumes
Bikaji Foods rallied 9% to Rs 592.95 on the BSE in Friday's intra-day, trading close to its record high level of Rs 604.95 touched on January 30, 2024.
 "Bikaji Foods rallies 9%, nears record high on heavy volumes")
Here's why Welspun Corp is falling in trade today; check details
The company's revenue (topline) grew 9.6 per cent to Rs 4,461.2 crore in the March quarter of FY24, from Rs 4,070.2 crore in the March quarter of FY23
 "Here's why Welspun Corp is falling in trade today; check details")
Swan Energy's stock slides 5% as net profit takes beating in Q4 show
Shares of Swan Energy fell 4.9 per cent at Rs 574.75 per share on the BSE in Friday's intraday deals. This came after the company delivered a double digit drop in its net profits
 "Swan Energy's stock slides 5% as net profit takes beating in Q4 show")
This recently listed IPO has surged 35% in 3 days; up 144% from IPO price
Exicom Tele-Systems rallied 10% to Rs 346.60, its highest level since its listing on March 5, 2024, on the BSE in Friday's intra-day trade.
 "This recently listed IPO has surged 35% in 3 days; up 144% from IPO price")
M&M, Bajaj Auto: Nomura's preferred picks ahead of May sales data
May auto sales preview: Nomura analysts expect passenger vehicle (PV) wholesales to grow by 6 per cent on a year-on-year (Y-o-Y) basis to 355,000 units.
 "M&M, Bajaj Auto: Nomura's preferred picks ahead of May sales data")
Muthoot Finance shares rise 4%, test record high post Q4; analysts upbeat
Muthoot Finance Q4: Muthoot Finance clocked its highest-ever consolidated loan asset under management (AUM) of Rs 89,079 crore in Q4FY24
 "Muthoot Finance shares rise 4%, test record high post Q4; analysts upbeat")
Dollar steadies before awaited inflation test, yen brushes off Tokyo CPI
Official data showed overnight that the US economy grew at an 1.3 per cent annualised rate from January through March
 "Dollar steadies before awaited inflation test, yen brushes off Tokyo CPI")
Bharat Rasayan share zooms 17% post Q4 results; profits jump two fold
Shares of Bharat Rasayan surged 16.8 per cent at Rs 10,736 per share on the BSE in Friday's intraday trade
 "Bharat Rasayan share zooms 17% post Q4 results; profits jump two fold")
How to trade Modi stocks ahead of LS election results? Complete guide here
The so-called 'Modi-stocks' have rallied up to 50 per cent in the last six months, suggests a CLSA report. What's in store ahead; here's what the charts suggest.
 "How to trade Modi stocks ahead of LS election results? Complete guide here")
Larsen & Toubro rallies 3% on strong outlook; stock surges 14% in 3 weeks
L&T share: Focus on lower balance sheet intensity, restructuring of metro project and focus on cash flows will drive rerating for the stock
 "Larsen & Toubro rallies 3% on strong outlook; stock surges 14% in 3 weeks")
Stocks to watch on May 31: Apollo Hospitals, Muthoot Fin, Welspun Corp
Stocks to watch on May 31: In the fourth quarter of the fiscal year 2023-24 (Q4FY24), Apollo Hospitals Enterprise witnessed a significant spike in profit, soaring by 77.5 per cent year on year (YoY)
 "Stocks to watch on May 31: Apollo Hospitals, Muthoot Fin, Welspun Corp")
Cereal manufacturer TBI Corn's IPO subscription opens today; details here
The price band for TBI Corn IPO is fixed at Rs 90 to Rs 94 per share, with a minimum lot size for an application set at 1200 shares
 "Cereal manufacturer TBI Corn's IPO subscription opens today; details here")
Swan Energy, Suven Pharma, Jio Fin among eight stocks to watch on May 31
Stocks to watch on May 31: Swan Energy reported a decline in profit by 10.5 per cent year on year (Y-o-Y) to Rs 55.5 crore as against Rs 62.1 crore in Q4FY23
 "Swan Energy, Suven Pharma, Jio Fin among eight stocks to watch on May 31")
Trade set-up for May 31: Gift Nifty, Asia stocks rise; FIIs up index shorts
All you need to know before market opens on Friday: Gift Nifty hinted of near-about 100-points opening gain as Asian shares rose this morning; FIIs long-short ratio in index futures plummeted to 0.15.
 "Trade set-up for May 31: Gift Nifty, Asia stocks rise; FIIs up index shorts")
Limited downside seen in Silver, support placed at Rs 93,100: Sharekhan
COMEX silver inventory fell from 299.04 Moz to 298.46 MOz and remains at the highest level since January 2023
 "Limited downside seen in Silver, support placed at Rs 93,100: Sharekhan")
Bull spread on SBI: Buy Call at Rs 850, says Nandish Shah of HDFC Sec
Derivatives strategy on SB: Long build up is seen in SBI Futures with 11 per cent rise in open interest
 "Bull spread on SBI: Buy Call at Rs 850, says Nandish Shah of HDFC Sec")