Page 1124 - Markets News
Vedanta soars 8%, hits 23-month high on heavy volumes; zooms 45% in 4 weeks
CLSA has upgraded the company's rating to 'buy' with an increased target price of Rs 390
 "Vedanta soars 8%, hits 23-month high on heavy volumes; zooms 45% in 4 weeks")
IndiGo world's third largest airline by mcap as shares hit record high
In December 2023, IndiGo airline surpassed United to become the sixth largest airline in the world
 "IndiGo world's third largest airline by mcap as shares hit record high")
Stock Market Highlights, April 10: Sensex rises 354 pts, Nifty holds 22,750; broader indices outshine
Stock market updates on Wednesday, April 10: Among sectors, the Nifty PSU Bank, FMCG, Media, and Metal indices gained in the range o 1.23 per cent to 1.80 per cent
 "Stock Market Highlights, April 10: Sensex rises 354 pts, Nifty holds 22,750; broader indices outshine")
Vodafone Idea stock may more-than-half amid subscriber churn: CLSA
Shares of Vodafone Idea could drop as much as 61 per cent to Rs 5, warns analysts at CLSA
 "Vodafone Idea stock may more-than-half amid subscriber churn: CLSA")
Stock of this broking firm has surged 42% in 2 days; up 86% in 13 days
The average trading volumes at the counter jumped over 10-fold in trades on Wednesday.
 "Stock of this broking firm has surged 42% in 2 days; up 86% in 13 days")
RInfra tanks 20% as SC asks co to refund Rs 8,000 cr to Delhi Airport Metro
The stock price of R-Infra had hit a multi-year high of Rs 308 on April 4, 2024
 "RInfra tanks 20% as SC asks co to refund Rs 8,000 cr to Delhi Airport Metro")
Beware of deepfake of CEO recommending stocks, says National Stock Exchange
The exchange said its officials are not authorised to recommend or deal in any stocks
 "Beware of deepfake of CEO recommending stocks, says National Stock Exchange")
KSB rallies 5% as board to consider stock split; stock up 98% in 1 year
The company's board is scheduled to meet on April 26 to consider the proposal for sub-division/split of equity shares and also announce the March quarter results.
 "KSB rallies 5% as board to consider stock split; stock up 98% in 1 year")
Kolte Patil zooms 10% as Motilal Oswal gives 'Buy' rating, 34% upside eyed
Shares of the company soared as much as 10.05 per cent to hit an intraday high of Rs 569.05 per share after Motilal Oswal initiated coverage on the real estate developer
 "Kolte Patil zooms 10% as Motilal Oswal gives 'Buy' rating, 34% upside eyed")
Q4 Preview: TCS to lead IT pack; may see upper single digit rise in profit
Reversal of furloughs and incremental contribution from the BSNL deal and other deals will fuel the revenues
 "Q4 Preview: TCS to lead IT pack; may see upper single digit rise in profit")
Motilal Oswal trims price target on TaMo, sees 4% downside, Here's why
MOFSL said the revised price highlights expectations of stabilising growth in the near future due to moderate volume growth in domestic passenger and commercial vehicle industries
 "Motilal Oswal trims price target on TaMo, sees 4% downside, Here's why")
Gold can rise 5% to Rs 75,000; Silver by 2.5% to Rs 85,000, charts suggest
The MCX Gold futures have scaled new highs in the last 9 trading sessions, and surged 8.5 per cent. Charts suggest some consolidation likely ahead, as technical indicators are in overbought zone.
 "Gold can rise 5% to Rs 75,000; Silver by 2.5% to Rs 85,000, charts suggest")
Summer cheer for beer firm United Breweries as margins remain stable
Cheaper raw material prices and growth in premium segment expected to help company
 "Summer cheer for beer firm United Breweries as margins remain stable")
Ramco Systems zooms 20% on signing deal with Korean Air
The company has entered into an agreement with South Korea's largest airline, to implement its flagship aviation software, Ramco Aviation Suite at the airline's Engine Maintenance Center.
 "Ramco Systems zooms 20% on signing deal with Korean Air")
PB Fintech surges 7%, hits 2-year high on pact with ICICI Lombard
Stocks of PB Fintech are trading at its highest level since November 2021. It had hit a record high of Rs 1,470 on November 17, 2021
 "PB Fintech surges 7%, hits 2-year high on pact with ICICI Lombard")
Exotic corporate debt products like SDIs lure yield-hungry Indian savers
Investor appetite for bonds rated below AA has increased significantly and SDIs provide access to a pool of high-yield debt via a single investment, said Ajay Kejriwal, head of trading desk at Vivriti
 "Exotic corporate debt products like SDIs lure yield-hungry Indian savers")
ICICI Bank, Eicher Motors can zoom up to 6-7% says HDFC Securities
Nifty fell marginally on April 09, forming a bearish dark cloud cover like pattern. While the fact that the Nifty keeps making fresh new highs is encouraging, it tends to give up intra day gains which
 "ICICI Bank, Eicher Motors can zoom up to 6-7% says HDFC Securities")
Stocks to Watch today: Paytm, Maruti, ICICI Lombard, Lupin, PolicyBazaar
Stocks to watch on Wednesday, April 10, 2024: Seven stocks including Bandhan Bank, Exide Industries, Hindustan Copper, Vodafone Idea, India Cement, SAIL and Zee Entertainment are in F&O ban today.
 "Stocks to Watch today: Paytm, Maruti, ICICI Lombard, Lupin, PolicyBazaar")
Nifty Private Bank nearing correction: Here's what the charts indicate
The Nifty Private Banks Index, currently trading at 24,395.25, is displaying indications of a correction in the near term
 "Nifty Private Bank nearing correction: Here's what the charts indicate")
Private equity company Bain Capital sells residual stake in Axis Bank
Among the buyers were a clutch of domestic as well as foreign funds
 "Private equity company Bain Capital sells residual stake in Axis Bank")