Page 1128 - Markets News
Stocks to Watch, April 5:Banks, Auto, Sobha, Equitas SFB, SCI, Ireda, Cipla
Stocks to Watch on Friday, April 5, 2024: Shares of financial, automobile, and real estate companies would be on radar as the RBI is set to announce the first repo rate decision of FY25
 "Stocks to Watch, April 5:Banks, Auto, Sobha, Equitas SFB, SCI, Ireda, Cipla")
F&O strategy: Bull spread recommended on Tech Mahindra for April series
Nandish Shah of HDFC Securities recommends to Buy Tech Mahindra 1300 CALL and simultaneously Sell 1340 CALL for the April expiry.
 "F&O strategy: Bull spread recommended on Tech Mahindra for April series")
Nifty Energy, Pharma: In a downtrend; look to sell on rally, hint charts
According to Ravi Nathani, an independent technical analyst, the Nifty Energy index can be sold with a stop at 40,320.
 "Nifty Energy, Pharma: In a downtrend; look to sell on rally, hint charts")
Higher cash flows and moderate valuations to support Coal India stock
In FY24, CIL dispatched 618.5 MT (up 5.4 per cent Y-o-Y) to the power sector (vs committed volume of 610 MT). The power sector thus accounted for 82 per cent of total dispatches
 "Higher cash flows and moderate valuations to support Coal India stock")
Mutual fund assets increase 34% during FY24, the highest in 7 years
Q4 average AUM surges to Rs 54 trillion on back of strong inflows, market rally
 "Mutual fund assets increase 34% during FY24, the highest in 7 years")
Avenue Supermarts regains Rs 3-trillion m-cap; stock zooms 23% in 1 month
DMart, in the Q4FY24 pre-quarter update, said the company reported 20 per cent growth in standalone revenue from operations at Rs 12,393 crore
 "Avenue Supermarts regains Rs 3-trillion m-cap; stock zooms 23% in 1 month")
Why has Tesla stock tanked over 33% in 3 months? Here are 4 key reasons
Even before the sales numbers were unveiled, traders were aggressively selling off Tesla stock. The sell-off was attributed by analysts to a cooling-off in the electric vehicle (EV) market
 "Why has Tesla stock tanked over 33% in 3 months? Here are 4 key reasons")
Bharti Hexacom IPO fully subscribed on the second day of the issue
The price band for the IPO is Rs 542-570 per share. At the top end, the IPO size is Rs 4,275 crore, making it the largest issue in almost a year
 "Bharti Hexacom IPO fully subscribed on the second day of the issue")
Reliance Securities receives Sebi's approval for change in control
Reliance Securities has also received approvals from the NSE, BSE, MCX, and NCDEX for transferring shares owned by existing promoter Reliance Capital to Hinduja-led Aasia Enterprises
 "Reliance Securities receives Sebi's approval for change in control")
HDFC Bank reports over 7% QoQ growth in deposits in Q4FY24; stock zooms 3%
The bank said its total deposits stood at Rs 23.8 trillion at the end of the March quarter
 "HDFC Bank reports over 7% QoQ growth in deposits in Q4FY24; stock zooms 3%")
Stock Market Highlights, April 4: Sensex ends 351 pts higher, Nifty tops 22,500; HDFC Bank gains 3%, DMart 4%
Stock market Update on Thursday, April 04: In the broader markets, the BSE MidCap and SmallCap indices ended mixed with the former down 0.1 per cent but the latter up 0.56 per cent
 "Stock Market Highlights, April 4: Sensex ends 351 pts higher, Nifty tops 22,500; HDFC Bank gains 3%, DMart 4%")
This smallcap heavy electrical equipment stock has zoomed 113% in 5 months
GE Power India in an exchange filing on Thursday said it bagged contracts worth Rs 775 crore from Jaiprakash Power Ventures.
 "This smallcap heavy electrical equipment stock has zoomed 113% in 5 months")
Dabur flags sluggish demand in Q4, indicates slowing revenue; shares drop
Its shares fell 4.5 per cent after the news, and were on track for their worst day since May 2023. The stock was also the top drag on the FMCG index, which slipped 0.2 per cent
 "Dabur flags sluggish demand in Q4, indicates slowing revenue; shares drop")
ONGC, Oil India dip 4% on profit booking after hike in windfall tax
Shares of ONGC dipped 4 per cent to Rs 265.40, while Oil India was down 3.5 per cent to Rs 613 on the BSE in intra-day trade
 "ONGC, Oil India dip 4% on profit booking after hike in windfall tax")
OMCs in focus: HPCL, IOCL fall up to 3% as Brent crude nears $90/bbl
Brent crude price has surged nearly 10 per cent over the past one month, and are hovering near their highest level since October 2023
 "OMCs in focus: HPCL, IOCL fall up to 3% as Brent crude nears $90/bbl")
HAL, BEL, Data Patterns: Why is Jefferies bullish on these defence stocks?
Analysts at Jefferies see up to 32% further upside on Data Patterns stock, and up to 18% and 10% for BEL and HAL; owing to global geo-political tensions and India's focus on self-reliance.
 "HAL, BEL, Data Patterns: Why is Jefferies bullish on these defence stocks?")
Stock of AU Small Finance Bank soars over 5% on strong loan book, deposits
On Wednesday, the AU Bank reported its unaudited financials, the bank's gross advances grew by 25 per cent year-on-year (YoY) in the March quarter to Rs 73,999 crore
 "Stock of AU Small Finance Bank soars over 5% on strong loan book, deposits")
Suryoday Small Finance Bank zooms 14% on healthy deposits and disbursements
The lender's gross advances stood at Rs 8,650 crore up 14 per cent quarter-on-quarter (q-o-q) and 41 per cent compared to the same period last year
 "Suryoday Small Finance Bank zooms 14% on healthy deposits and disbursements")
Power stocks fire up; Adani, NTPC, JSW, ABB, Siemens hit new highs
The S&P BSE Power power index hit a new high of 7,112.42 in the intraday trade. Thus far in the calendar year, the index has rallied 22 per cent
 "Power stocks fire up; Adani, NTPC, JSW, ABB, Siemens hit new highs")
KEC International soars 9%; hits new high on winning Rs 816 cr new orders
With these new orders, the company's total order intake for FY24 rose to Rs 18,102 crore.
 "KEC International soars 9%; hits new high on winning Rs 816 cr new orders")