Page 1074 - Markets News
Stock idea: Analysts raise target price on Info Edge post Q4; details here
Info Edge (India) stock price update: Info Edge stock price zoomed 8 per cent to Rs 6,338.55 per share on the BSE in Friday's intraday trade
 "Stock idea: Analysts raise target price on Info Edge post Q4; details here")
Nifty Midcap index at new high; Dixon, Endurance, JSW Infra soar up to 14%
In the past six trading days, the index has outperformed by surging 5.4 per cent, as compared to 2.4 per cent rise in the Nifty 50.
 "Nifty Midcap index at new high; Dixon, Endurance, JSW Infra soar up to 14%")
Kaynes Tech zooms 14% on robust Q4; stock more-than-doubles in one year
Notably, the stock has zoomed almost 339 per cent from its listing price of Rs 578, and 121 per cent in the last one year
 "Kaynes Tech zooms 14% on robust Q4; stock more-than-doubles in one year")
Rulka Electricals IPO oversubscribed 13.7 times on day 2; check price, GMP
Rulka Electricals SME IPO's present GMP on May 17th, 2024 is Rs 235. With a price band of Rs 235.00, Rulka Electricals SME IPO's estimated listing price is Rs 470 with an expected listing gain of
 "Rulka Electricals IPO oversubscribed 13.7 times on day 2; check price, GMP")
BOJ may face more pressure to hike rates amid declining consumer spending
The yen has depreciated by roughly 10% against the dollar so far this year despite the BOJ's decision in March to end eight years of negative rates
 "BOJ may face more pressure to hike rates amid declining consumer spending")
eClerx Services shares drop 5% as IT firm announces share buyback, Q4 show
eClerx plans to allocate up to Rs 385 crore for its buyback, equivalent to 24.98 per cent of the total paid-up equity share capital and 18.38 per cent of free reserves
 "eClerx Services shares drop 5% as IT firm announces share buyback, Q4 show")
BEML stock rallies 9% on winning new order worth Rs 250 crore
Meanwhile, in past six trading days, the stock zoomed 26% after the company had reported a solid 62.85% YoY growth in consolidated profit after tax at Rs 256.80 crore in March 2024 quarter.
 "BEML stock rallies 9% on winning new order worth Rs 250 crore")
Endurance Tech zooms 14%, hits record high on solid Q4, Rs 8.5 dividend
Endurance Technologies stock price: During Q4FY24, Endurance Technologies reported a 54 per cent year-on-year (Y-o-Y) jump in net profit at Rs 210.15 crore
 "Endurance Tech zooms 14%, hits record high on solid Q4, Rs 8.5 dividend")
Indian govt bond yields remain unchanged as traders eye debt supply
Traders were also cautious after the 10-year US yield moved off its recent lows, but continued to remain around the 4.35 per cent mark.
 "Indian govt bond yields remain unchanged as traders eye debt supply")
This Murugappa Group stock hit Rs 1-trn m-cap; zoomed 108 times in 4 years
CG Power stock up date: CG Power hit a new high of Rs 669.05, as they rallied 6% on the BSE in Friday's intra-day trade and saw its market capitalisation touch Rs 1.02 trillion mark.
 "This Murugappa Group stock hit Rs 1-trn m-cap; zoomed 108 times in 4 years")
Brokerages bullish on Crompton Greaves post Q4; stock hits 52-week high
On a yearly basis, Crompton Greaves' profit soared 5.5 per cent to Rs 138.4 crore in the March quarter of FY24, from Rs 131 crore in the March quarter of FY23
 "Brokerages bullish on Crompton Greaves post Q4; stock hits 52-week high")
PB Fintech slips 2% after over 8 million shares change hands via block deal
PB Fintech block deal news: Yashish Dahiya, chairman and CEO, and Alok Bansal, vice chairman and whole-time director, have sold partial stakes in the company
 "PB Fintech slips 2% after over 8 million shares change hands via block deal")
Government announces fresh buy back of bonds despite lukewarm response
The central bank said it would buy back Rs 60,000 crore worth of securities, maturing this financial year, on May 21
M&M stock surges 8% on strong Q4 earnings; market cap tops Rs 3 trn-mark
Mahindra & Mahindra's market capitalisation touched Rs 3.18 trillion in Friday's intra-day trade on the BSE.
 "M&M stock surges 8% on strong Q4 earnings; market cap tops Rs 3 trn-mark")
NSE, BSE special mkt session on Saturday, May 18: Check timing, price bands
NSE, BSE Special session: Here's why stock markets are open on Saturday, May 18
 "NSE, BSE special mkt session on Saturday, May 18: Check timing, price bands")
Gold has major resistance at 74,500, buy the dips in near-term: Sharekhan
The metal was changing hands at $2381 at the time of the MCX closing, which is down 0.20 per cent from Wednesday's closing level
 "Gold has major resistance at 74,500, buy the dips in near-term: Sharekhan")
Silver outlook: Prices may correct on hawkish Fedspeak, elevated inflation
Silver may trade between $28.80 (Rs 85,000) and $30 (Rs 88,300) in the near-term, says Praveen Singh of Sharekhan by BNP Paribas.
 "Silver outlook: Prices may correct on hawkish Fedspeak, elevated inflation")
Stocks to keep on your radar on May 17: IIFL Securities, Prince Pipes, KIMS
Across Asia, trading sentiment dipped as retail sales data fell short of street expectations, with a modest 2.3 per cent increase in April compared to the previous year
 "Stocks to keep on your radar on May 17: IIFL Securities, Prince Pipes, KIMS")
Nifty IT rangebound, FMCG bullish in near term: Here's how to trade
The Nifty FMCG Index is showing a bullish trend on the charts, with the potential for a fresh bullish breakout if it closes above 55,500
RIL, Adani Ports, Vi, Biocon, CONCOR among nine stocks to track on May 17
At 6:51 AM, GIFT Nifty futures showed a rise of 26 points, trading at 22,478 levels, signaling a subdued start for the stock exchanges
 "RIL, Adani Ports, Vi, Biocon, CONCOR among nine stocks to track on May 17")