Page 1067 - Markets News

Stock Market Highlights, May 27: Sensex, Nifty slip into red in fag-end; metal, auto stocks weigh

Stock Market Highlights on May 27, 2024: Among sectors, the Nifty PSU Bank index gained over 1 per cent, and the Nifty Bank 0.6 per cent

Nazara promoters sell 6.38% stake to Plutus Wealth; stock up 14% from low

Mitter Infotech LLP, a promoter of Nazara Technologies, has sold 4.88 million equity shares, representing 6.38 per cent of the share capital, to Plutus Wealth Management LLP

NSE lowers tick size to 1 paisa: Over 1,300 stocks to be impacted

Analysts believe a lower tick size can bolster price discovery and market efficiency, rendering trading more appealing for both retail investors and traders.

PSBs extend rally on RBI's bonanza to central Govt; IOB, PSB rally upto 10%

PSU bank stocks news: The Indian banking industry has been on an upward trajectory aided by strong economic growth, rising disposable incomes, increasing consumerism and easier access to credit

Karnataka Bank slips 3% on weak Q4 margins; Rs 5.50 dividend announced

The bank's net interest income (NII), which is the difference between interest earned and interest expended, fell 3 per cent to Rs 834 crore in Q4FY24, from Rs 860 crore in Q4FY23

This logistic stock has zoomed 116% from March low; rallied 23% in 2 days

Shares of Aegis Logistics hit a new high of Rs 775.20, rallied 9 per cent on the BSE in Monday's intra-day trade amid heavy volumes.

Astra Microwave sprints 14%, hits record high on highest-ever profit in Q4

Astra Microwave stock price: Astra Microwave Products registered highest-ever financial performance across all metrics

Jefferies initiates coverage on GMR Airports, sees upside potential of 15%

Jefferies said that GMR Airports is evolving from utility to a retail consumption play and is slated to benefit from the strong air traffic growth outlook

RVNL stock price zooms 8% on bagging Nagpur Metro project worth Rs 187 cr

The total time for execution of the project is 30 months with an overall project value of Rs 187.3 crore, RVNL said in an exchange filing on Friday

Pharma stocks in focus; Astrazeneca, Glenmark, Divi's, Torrent soar upto 9%

Torrent Pharma hits a new high of Rs 2,839.90, surging 9% in the intraday trade after the company reported a strong 56% Y-o-Y jump in Q4 profit

Bosch soars 5% on strong Q4 results; up 45% in last 6 months

Bosch's net profit rose 41.5 per cent on a year-on-year (Y-o-Y) basis to Rs 564 crore, from Rs 399 crore in the same quarter a year ago (Q4FY23)

Ashok Leyland soars 6%, hits new high on healthy Q4 operational performance

Ashok Leyland stock price: Demand momentum in domestic market continues to remain healthy, led by pick-up in replacement demand

Indian bonds best bet in Asia for JPMorgan asset before inclusion

JPMorgan Asset joins a slew of global investors, including Abrdn Plc and Zurich-based Vontobel Asset Management, in turning to Indian bonds ahead of their inclusion

5 Breakout stocks: Aavas, HFCL, Tata Chem can potentially zoom up to 20%

Chart check on May 27: LTIMindtree and Tata Technologies are the other two stocks seen trading above the higher-end of the Bollinger Bands on the daily scale on Monday.

Foreign investors eye Indian long-term bonds as JPMorgan inclusion nears

Along with direct purchases, foreign investors have leaned on derivative proxies to gain exposure to Indian bonds

Beacon Trusteeship's IPO opens on May 28; check price bands, lot size, GMP

Beacon Trusteeship's initial public offering (IPO) is set to open for subscription on Tuesday, May 28, 2024

Kolte-Patil Developers share price drops 7% on Rs 26-crore Q4FY24 net loss

Kolte-Patil Developers: Operationally, too, Kolte-Patil's consolidated total income for Q4FY24 was Rs 527.71 crore as against Rs 804.42 crore Y-o-Y

Jefferies to Nuvama: These brokerage have raised NTPC target price post Q4

ICICI Securities stressed upon NTPC's position in the increasing total addressable market for power capex, benefiting from both conventional and renewables sectors

Divi's Labs jumps 6% on stellar Q4; brokerages upgrade target prices

Divi's Labs net profits rose by 67 per cent to Rs 538 crore in the January-March quarter of FY24 compared to Rs 321 crore in the corresponding period last year

This shipbuilding stock has zoomed 76% in 10 days; at new high post Q4 nos

Cochin Shipyard stock update: The stock hit a new high after the company reported a near 7-fold jump in net profit in Q4FY23 backed by a 114 per cent surge in revenue.