Page 1337 - Markets News
Targets indicate more upside for ICICI Bank; growth triggers remain
The gross non-performing assets (NPA) to net NPA ratios declined 26 basis points and 7 basis points quarter on quarter (QoQ) respectively to 2.81 per cent and 0.48 per cent
 "Targets indicate more upside for ICICI Bank; growth triggers remain")
RBI order insures gains for HDFC Life stock; analysts see up to 83% upside
RBI's permission to increase stake in subsidiaries puts an end to the overhang on the stock, said Motilal Oswal in a note
 "RBI order insures gains for HDFC Life stock; analysts see up to 83% upside")
Sensex reclaims 60,000-mark, Nifty near 17,750 on gains in financial stocks
The 30-share BSE Sensex jumped 401.04 points or 0.67 per cent to reach the 60,000-level and settled for the day at 60,056.10. During intra-day, it hit a high of 60,101.64 and a low of 59,620.11
 "Sensex reclaims 60,000-mark, Nifty near 17,750 on gains in financial stocks")
Is Mankind Pharma IPO worth a subscription? Here's what brokerages suggest
In the grey markets, shares of Mankind Pharma enjoyed a premium of Rs 90, which translated to a likely listing price of Rs 1,170 per share on the upper price band
 "Is Mankind Pharma IPO worth a subscription? Here's what brokerages suggest")
ITC rally has more legs on FMCG biz scale up, high cigarette vols: Analysts
ITC share: The stock has firmly outperformed the benchmark returns by rallying 56 per cent over the last year versus a 3% and 23.5% gain in the Nifty50 and Nifty FMCG indices during this time
 "ITC rally has more legs on FMCG biz scale up, high cigarette vols: Analysts")
Low exposure to Adani Group stocks tilts active vs passive debate
More actively managed schemes manage to beat benchmarks in Q4, thanks to low holding in Adani Group stocks
 "Low exposure to Adani Group stocks tilts active vs passive debate")
Sebi bars Vistaar Capital for a year, orders winding up of Film Fund
Scheme was to expire in 2013 but was not liquidated and failed to maintain records: Regulator
 "Sebi bars Vistaar Capital for a year, orders winding up of Film Fund")
Adani Ports & SEZ starts first bond buyback after Hindenburg report
The company also said it plans to buy back $130 million of the 3.375% senior notes in each of the next four quarters
 "Adani Ports & SEZ starts first bond buyback after Hindenburg report")
Banks, Wipro lift indices in fag-end; Sensex up 401 pts, Nifty tops 17,700
CLOSING BELL: The gains in benchmark indices were led by HDFC Life (up 6.4 per cent), Wipro, ICICI Bank, Titan, Axis Bank, SBI, Hero MotoCorp, Grasim, and Adani Ports
 "Banks, Wipro lift indices in fag-end; Sensex up 401 pts, Nifty tops 17,700")
Raw material inflation may dent Nestle India's Q1CY23 margins YoY: Analysts
Nestle India Q1CY23 preview: While Indian business is likely to report double-digit revenue growth on a YoY basis, the international business is estimated to grow in mid-single digits, said analysts
 "Raw material inflation may dent Nestle India's Q1CY23 margins YoY: Analysts")
Power Mech surges 8%, hits record high on winning orders worth Rs 720 crore
The stock price of PMPL has appreciated by 70 per cent from a level of Rs 1,571 touched on February 3 on the BSE
 "Power Mech surges 8%, hits record high on winning orders worth Rs 720 crore")
Weak export mix, volume may hit Bajaj Auto Q4 revenue QoQ: Analysts
Bajaj Auto Q4 preview: Analysts estimate flat input cost assumption, and lower operating leverage will weigh on EBITDA and EBITDA margins in Q4FY23
 "Weak export mix, volume may hit Bajaj Auto Q4 revenue QoQ: Analysts")
RIL, ICICI Bank: Trading outlook for buzzing stocks of the day
Except for Hindustan Zinc, which hit a new historic peak in the Q4, others have remained laggards.
 "RIL, ICICI Bank: Trading outlook for buzzing stocks of the day")
Wipro gains 3% as board to consider share buyback on April 27
In past one year, Wipro has underperformed the market by falling 29%, as compared to 6% rise in the S&P BSE Sensex.
 "Wipro gains 3% as board to consider share buyback on April 27")
Ircon Int'l, RVNL surge up to 10%, hit 52-week high on heavy volumes
In past one month, RVNL and Ircon International have rallied 30 per cent each at the bourses, as against nearly 4 per cent rise in the Sensex.
 "Ircon Int'l, RVNL surge up to 10%, hit 52-week high on heavy volumes")
Sun Pharma's Mohali facility to pause supplies to the US; stock dips 3%
Although the overall impact could be minimal (being an OSD facility), this may lead to stricter scrutiny for other plants, said ICICI Securities in a note.
 "Sun Pharma's Mohali facility to pause supplies to the US; stock dips 3%")
Cyient extends rally on strong Q4 results; stock zooms 52% so far in CY23
The recent stock run-up largely captures growth momentum; expensive valuation limits upside, analysts at ICICI Securities said.
 "Cyient extends rally on strong Q4 results; stock zooms 52% so far in CY23")
Reliance Industries gains 1% post March quarter results
The company reported its highest-ever net profit during the quarter, due to a decline in raw material costs and big savings on tax expenses
 "Reliance Industries gains 1% post March quarter results")
Stocks to watch: RIL, ICICI Bank, YES Bank, Hindustan Zinc, Sun Pharma
Stocks to watch today: From Reliance Industries to ICICI Bank, here are top stocks to watch in Monday's trading session
 "Stocks to watch: RIL, ICICI Bank, YES Bank, Hindustan Zinc, Sun Pharma")
Chart suggests 'Sell on rise' strategy for Nifty Bank index
According to Ravi Nathani, an independent technical analyst, the Bank Nifty is expected to face resistance around 42,615-42,950-43,600.
 "Chart suggests 'Sell on rise' strategy for Nifty Bank index")