Page 1410 - Markets News

Torrent Power wins contract for 1,100 MW power supply; stock up 5%

Since February 1, the stock of the integrated power utilities company has rallied 26 per cent, as compared to 1 per cent rise in the S&P BSE Sensex

This stock has zoomed over 900% in 3 years, company to mull bonus issue

So far in the calendar year 2023, VSSL surged nearly 40 per cent after the company reported strong operational performance in Q3FY23, due to higher sales of value added products and cost optimisation

TCS Q4 Preview: Revenue may rise up to 18% YoY; EBIT margin seen at 25%

Brokerages expect TCS deal wins to be strong in a broad range of $7-10 billion in Q4, while hiring is likely to be muted

These realty stocks can rally up to 12% once index conquers 200-DMA

If Nifty realty index succeeds to break through its 200-DMA, technically the bullish push may trigger further upside in realty stocks.

ITC hits new high on hopes of solid Q4 show; Market-cap nears Rs 5-trn mark

The consistent good growth in the cigarette business, strong tailwinds in the hotel business and scale-up in non-cigarette FMCG business makes its earning visibility better compared with peers.

Hindenburg effect: Retail investors are snapping up Adani group's stocks

Adani Group has sold stakes and conducted road shows to calm investors since Hindenburg made allegations of accounting fraud and share price manipulation against the group

Data Patterns hits new high; stock rallies 28% over QIP issue price

The strong order backlog at Rs 1,014 crore as of January 2023, and healthy order pipeline provides strong revenue visibility

Rupee seen flat at 82 for $1; US yields, importers hedging in focus

The Indian rupee is likely to open little changed to the U.S. currency on Tuesday, with traders assessing the outlook for U.S. yields and keeping a watch on importers' demand for the greenback

PSU Bank index soars 3% on BoB's strong biz update, SBI fund raising plan

In Q4, the operational performance was expected to remain positive across lenders with PSU banks seen delivering continued strong earning trajectory.

DLF, Godrej Prop: Realty stks still have room to build gains, say analysts

The pause, even if temporary, in the interest rate cycle is a positive development for the real estate sector and should see an increase in home-buying

Neogen Chemicals surges 5% after it inks pact with Japanese firm MUIS

This acquisition will help Neogen to strengthen its position in the electrolyte market in India.

Bank Nifty may not hold recent gains; advise selling on rally: Ravi Nathani

Technical analyst Ravi Nathani says the best trading strategy for near-term traders would be to sell Nifty Bank on rallies, with a stop-loss of 41,364

Stocks to watch: JSW Steel, Cipla, Zydus Life, Kaveri Seed, Kalpataru Power

Stocks to watch today: From Cipla to Zydus Lifesciences, here are top stocks to watch in Tuesday's trading session

ICICI Prudential Mutual Fund launches scheme on innovation theme

The new fund offer, which opened on April 10, will close on April 24

Wall Street bank earnings under pressure after global banking crisis

Earnings per share (EPS) for the six biggest US banks are expected to be down about 10 per cent from a year earlier, analyst estimates from Refinitiv I/B/E/S show

Analysts play it safe; prefer safety of large-caps amid multiple headwinds

Analysts suggest that the overall market valuation has become attractive after the recent correction and investors can start buying large-cap stocks from a medium-to-long term perspective.

New gas price policy positive for city gas distributors, oil producers

Market analysts are somewhat divided on the CGD companies and on OIL and ONGC

Foreign portfolio investors pull out Rs 11k cr from energy, finance, IT

Turn their attention to capital goods, construction, FMCG, consumer durables in March

Sensex and Nifty50 record longest winning streak in four months

Sensex and Nifty have risen by around 4 per cent in the six days of gains which is the longest winning run since the eight-day rally from November 22 to December 1 last year

Tata Motors surges 8% on better than expected JLR wholesales in Q4

Tata Motors' wholesales of 107,386 units at JLR for Q4FY23, comes as a positive development as, during the last call, the company had guided for wholesales at over 80,000 units