Page 1111 - Markets News
Vodafone Idea slips 9% ahead of listing of shares allotted in FPO
The shares allotted in FPO are expected to list on Thursday. The stock had rallied 12 per cent on Tuesday on strong foreign investor's response for FPO
 "Vodafone Idea slips 9% ahead of listing of shares allotted in FPO")
Chennai Petroleum stock up 17% on strong Q4 results, dividend announcement
Chennai Petroleum stock price: Chennai Petroleum Corporation stock soared 16.5 per cent to Rs 1,081.65 apiece, also its fresh record high, on the BSE in Wednesday's intraday trade
 "Chennai Petroleum stock up 17% on strong Q4 results, dividend announcement")
BSE Metal index surges 3% as base metals climb to multi-year highs
Metal stocks top performers: Here's why metal stocks were in demand on the Dalal Street on Wednesday.
 "BSE Metal index surges 3% as base metals climb to multi-year highs")
This PSU defence stock has zoomed over 100% in 7 months post split
In the past seven months, the share price of public sector undertaking (PSU) defence company has zoomed 112 per cent after the stock split in the ratio of 1:1
 "This PSU defence stock has zoomed over 100% in 7 months post split")
MCX down 8% as Morgan Stanley predicts 48% downside in stock post Q4 result
MCX stock price update: Morgan Stanley has maintained an 'Underweight' rating on the stock with a target price of Rs 2,085
 "MCX down 8% as Morgan Stanley predicts 48% downside in stock post Q4 result")
Investment idea: Motilal Oswal bullish on Sun Pharma; check outlook, upside
Sun Pharma, the brokerage said, is building an interesting specialty pipeline (under development) for addressing patient's needs in areas of dermatology, ophthalmology, and onco-dermatology
 "Investment idea: Motilal Oswal bullish on Sun Pharma; check outlook, upside")
Puravankara locked at 5% upper circuit on securing redevelopment project
The surge came after Puravankara announced that it has been selected as the preferred developer for redeveloping a residential housing society in Mumbai's Pali Hill
 "Puravankara locked at 5% upper circuit on securing redevelopment project")
Cyient DLM stock surges 13% on strong Q4 show; upbeat FY25 outlook
Earnings impact on Cyient DLM stock price: Stock up 13% after Q4 net zooms 81% in Q4FY24; Stock brokers and company management are upbeat on FY25, FY26 outlook.
 "Cyient DLM stock surges 13% on strong Q4 show; upbeat FY25 outlook")
5 Smallcap stocks that will help you mint money in markets on April 24
Stock picks for April 24, Wednesday, based on technical analysis: NCC, Aegis Logistics, GNFC, Manappuram Finance and Castrol India look positive on the daily charts as Nifty SmallCap scales new high.
 "5 Smallcap stocks that will help you mint money in markets on April 24")
Zydus Life stock sheds 5% as USFDA issues 10 observations for Vadodara unit
Zydus Lifesciences share price update: The USFDA conducted an inspection at the Injectable Manufacturing site situated at Jarod, near Vadodara, between April 15 and April 23, 2024
 "Zydus Life stock sheds 5% as USFDA issues 10 observations for Vadodara unit")
ICICI Prudential Life Insurance slips 7% on disappointing Q4 results
At 09:29 am, the stock was trading 4 per cent lower at Rs 569.15, as compared to 0.24 per cent rise in the S&P BSE Sensex
 "ICICI Prudential Life Insurance slips 7% on disappointing Q4 results")
Global investors sell Unilever India stock as sales growth falters
The decline in Hindustan Unilever shares this year has helped improve its multiples. The stock is currently trading at 46 times its forward earnings, below its five-year average of about 54 times
 "Global investors sell Unilever India stock as sales growth falters")
Nifty swings above 20-DEMA; check key support, resistance levels here
Nifty50 outlook: Downward gap zone of 22,503 and 22,427 is expected to remain resistance for the Nifty in the near-term
 "Nifty swings above 20-DEMA; check key support, resistance levels here")
Bank Nifty still looks weak on charts; PSU Bank index range-bound
According to Ravi Nathani, an independent technical analyst, the Nifty Bank index is expected to face stiff resistance in the 48,500 - 48,900 range.
 "Bank Nifty still looks weak on charts; PSU Bank index range-bound")
Stocks to Watch, April 24: Axis Bk, HUL, Tata Consumer, MCX, IIFL Finance
Stocks to Watch on Wednesday, April 24, 2024: Axis Bank, Hindustan Unilever, LTIMindtree, The Indian Hotels Co., and AU Small Finance Bank are among the companies which will report Q4FY24 result today
 "Stocks to Watch, April 24: Axis Bk, HUL, Tata Consumer, MCX, IIFL Finance")
India VIX, HUL Q4, Axis Bank Q4: Factors that will guide Nifty on April 24
Stock market preview Wednesday, April 24: Global cues remain supportive; HUL, Axis Bank results coupled with upcoming monthly F&O expiry may induce market volatility today.
 "India VIX, HUL Q4, Axis Bank Q4: Factors that will guide Nifty on April 24")
Volatility index India Vix records steepest slump in nearly 5 years
Poll expectations, easing of global tensions likely causes
 "Volatility index India Vix records steepest slump in nearly 5 years")
Fund managers trim PSB exposure, see better value in private banks
MFs pull out Rs 2,500 crore in March from state-owned lenders; replough Rs 4,900 crore into private sector peers
 "Fund managers trim PSB exposure, see better value in private banks")
Cross-margin benefits for index, futures extended; JNK IPO subscribed 49%
The initial public offering (IPO) of heating equipment maker JNK India received 49 per cent subscription on the first day of bidding
 "Cross-margin benefits for index, futures extended; JNK IPO subscribed 49%")
Brokerages raise targets on RIL stock post Q4; check latest prices here
The bullish outlook stems from Reliance Jio's potential tariff hikes, given the competitive landscape, along with slow but steady improvement in the oil-to-chemical (O2C) vertical
 "Brokerages raise targets on RIL stock post Q4; check latest prices here")