Page 1331 - Markets News
Blue Star rallies 5% on 1:1 bonus plan; 3-fold jump in Q4 net
The company's net profit jumped to Rs 225 crore in Q4FY23 from Rs 76 crore a year ago, aided by profit from sale of freehold land.
 "Blue Star rallies 5% on 1:1 bonus plan; 3-fold jump in Q4 net")
Hero Moto, SpiceJet, AEL, TVS Motor among top 10 stocks to watch on Friday
Stocks to watch on May 05, 2023: Adani Power, Bharat Forge, Blue Dart, Britannia, Equitas SFB, Federal Bank, Marico and Paytm on investors radar ahead of Q4 earnigns today.
 "Hero Moto, SpiceJet, AEL, TVS Motor among top 10 stocks to watch on Friday")
F&O strategy: HDFC Securities suggests Bull Spread on L&T Finance
Nandish Shah of HDFC Securities recommends to buy L&T Finance 96 call option and simultaneously sell 100 call of the May series
 "F&O strategy: HDFC Securities suggests Bull Spread on L&T Finance")
Charts show Nifty Realty in 'overbought' zone, adopt sell-on-rise strategy
Ravi Nathani, independent technical analyst said that the Nifty Realty index has entered an overbought zone, and therefore, traders must exercise caution in their bullish trading decisions
 "Charts show Nifty Realty in 'overbought' zone, adopt sell-on-rise strategy")
Growth prospects remain strong for Titan after good Q4 performance
Standalone jewellery sales for the firm were up 24 per cent year-on-year (YoY) on a slightly lower base and aided by like-to-like growth of 19 per cent
 "Growth prospects remain strong for Titan after good Q4 performance")
Advisors, distributors bring 95% of new millennial investors to MFs
Overall, investors from B-30 areas account for 26 per cent of the total individual assets under management with MFs, shows data
 "Advisors, distributors bring 95% of new millennial investors to MFs")
BSE resolves 253 investors complaints against listed cos in April
Leading stock exchange BSE announced that it resolved 253 complaints against 168 companies in April.
 "BSE resolves 253 investors complaints against listed cos in April")
Markets defy US Federal Reserve rate hike: Touch five-month high
Benchmark indices now just 3% shy of lifetime peaks
Gold rallies Rs 940 to record high of Rs 62,020; silver zooms Rs 660
Gold prices rallied Rs 940 to a lifetime high of Rs 62,020 per 10 grams in the national capital on Thursday amid strong global trends, according to HDFC Securities.
 "Gold rallies Rs 940 to record high of Rs 62,020; silver zooms Rs 660")
Growing dominance: Domestic investors now own a quarter of markets
The share of MFs rose for the seventh straight quarter to an all-time high of 8.74 per cent during the March quarter
 "Growing dominance: Domestic investors now own a quarter of markets")
Sensex soars 556 pts, ends at 2023 high; Nifty tops 18,250; HDFC twins lead
CLOSING BELL: The NSE Nifty 50 rallied 166 points. Index heavyweights HDFC, HDFC Bank and Reliance Industries contributed more than 60 per cent of the gain for Sensex.
 "Sensex soars 556 pts, ends at 2023 high; Nifty tops 18,250; HDFC twins lead")
Zomato rises 4%, hits 5-month high; stock surges 28% in one month
Motilal Oswal Financial Services last month initiated coverage on Zomato with a BUY rating
 "Zomato rises 4%, hits 5-month high; stock surges 28% in one month")
Britannia's Q4 revenues may rise up to 14% YoY led by volumes, say analysts
Britannia Industries Q4 preview: Though higher advertising spends may have some impact on EBITDA margins sequentially, price hikes would help expand margins up to 231 basis points (bps), said analysts
 "Britannia's Q4 revenues may rise up to 14% YoY led by volumes, say analysts")
Rane Engine Valve freezes in 20% upper circuit on strong Q4 performance
REVL said sales to India OE customers grew by 28 per cent supported by strong off-take from passenger vehicle and commercial vehicle customers
 "Rane Engine Valve freezes in 20% upper circuit on strong Q4 performance")
India may be the top FPI destination once US Fed pauses rate hike: Analysts
Besides India, analysts expect Indonesia, Thailand, and China to attract foreign portfolio investment flows
 "India may be the top FPI destination once US Fed pauses rate hike: Analysts")
MRF nears 52-week high on healthy Q4 results; stock rallies 8% in 2 days
Analysts at Motilal Oswal Financial Services (MOFSL) said that MRF's Q4FY23 performance surprised positively as lower raw material costs boosted Ebitda margin to 14.7 per cent
 "MRF nears 52-week high on healthy Q4 results; stock rallies 8% in 2 days")
29 out of Nifty 500 stocks overbought; ABB, Apar Inds signal up to 20% gain
While it is risky to be bullish on the stock trading in the overbought category, the underlying trend must to be followed at all time.
Time to book profit now; buy when Nifty hits 16,000: BofA Securities
The foreign brokerage firm expects Nifty to drop to 16,000 levels as they foresee global slowdown, volatile commodities, peak urban demand/slow rural revival as some of the risks for earnings.
 "Time to book profit now; buy when Nifty hits 16,000: BofA Securities")
Petronet LNG dips 5% on disappointing Q4 results; net profit falls 18% YoY
The company's profit after tax (PAT) declined 18 per cent YoY (down 48 per cent QoQ) to Rs 614.3 crore. Revenue increased 24.3 per cent YoY (down 12 per cent QoQ) to Rs 13,873.9 crore
 "Petronet LNG dips 5% on disappointing Q4 results; net profit falls 18% YoY")
Surya Roshni nears record high on healthy outlook; zooms 106% in 6 months
In Q4FY23, the company achieved highest ever EBITDA/MT of Rs 9,868 in steel pipes and strips