Page 1564 - Markets News
Birlasoft dips 11% in 2 days after stk turns ex-date for buyback, dividend
The board of Birlasoft, on May 23, 2022, had approved buyback of up to 7.8 million equity shares of Rs 2 each of the company at a price of Rs 500 per share through the tender offer
 "Birlasoft dips 11% in 2 days after stk turns ex-date for buyback, dividend")
Buzzing stocks of the day: Paytm, Monte Carlo can rally up to 20%
Shares of HDFC Bank seem placed in the accumulation zone, while HDFC needs to hold on to key moving averages. Charts also indicate a wait and watch approach for LIC of India.
 "Buzzing stocks of the day: Paytm, Monte Carlo can rally up to 20%")
Lumax Auto Technologies surges 10%, hits record high on improved outlook
In FY23, the company expects domestic sales and exports to rebound as the global economy (including India) is experiencing a strong recovery
 "Lumax Auto Technologies surges 10%, hits record high on improved outlook")
HDFC Bank Q1 profit seen rising up to 33% YoY on low provisions: Analysts
Motilal Oswal Financial Services expects provisions to decline to Rs 3,730 crore in Q1FY23 from Rs 4,830 crore in Q1FY22
 "HDFC Bank Q1 profit seen rising up to 33% YoY on low provisions: Analysts")
Adani Enterprises hits record high on healthy outlook; rallies 11% in July
In the past six months, it has surged 28 per cent as against 12 per cent decline in the S&P BSE Sensex
 "Adani Enterprises hits record high on healthy outlook; rallies 11% in July")
Stocks to watch: ACC, L&T Tech, L&T Infotech, JSPL, Glenmark, Tata Elxsi
Stocks to watch today: L&T Technology Services and Jindal Steel and Power will share June quarter 2022 (Q1FY23) results on Friday, July 15.
 "Stocks to watch: ACC, L&T Tech, L&T Infotech, JSPL, Glenmark, Tata Elxsi")
Here's why Mehul Kothari is bullish on Hindustan Petro, Whirlpool
According to the technical analyst from Anand Rathi, Hindustan Petroleum can be bought near Rs 237, while Whirlpool of India should be bought above Rs 1,680.
 "Here's why Mehul Kothari is bullish on Hindustan Petro, Whirlpool")
Two-wheeler stocks ready to roll on pick-up in mobility
The spurt in mobility after the pandemic has brightened prospects for auto companies in India, especially the two-wheelers. Take a look at the likely tailwinds for two-wheeler companies.
 "Two-wheeler stocks ready to roll on pick-up in mobility")
Consistent growth, margins in Q1 keep Mindtree ahead of larger peers
Analysts at the brokerage expect the company to deliver a 17 per cent dollar revenue growth annually between FY22-24
 "Consistent growth, margins in Q1 keep Mindtree ahead of larger peers")
Sensex, Nifty slide for a fourth straight session; IT, banking shares drop
The 30-share BSE benchmark settled 98 points or 0.18 per cent lower at 53,416.15. During the day, it hit a high of 53,861.28 and a low of 53,163.77
 "Sensex, Nifty slide for a fourth straight session; IT, banking shares drop")
Focus on windfall tax review leads to oil stocks ending in the green
Export taxes on petrol are likely to see the steepest reduction, while levies on diesel and jet fuel could also be lowered to adjust the impact of price declines
 "Focus on windfall tax review leads to oil stocks ending in the green")
Start-ups trump traditional companies in value creation, shows data
Indian start-ups are also having a much larger impact in India than in the global context
 "Start-ups trump traditional companies in value creation, shows data")
Overseas investors continue to cut shareholding in both HDFC, HDFC Bank
FPIs' stake down over 400 bps in both, move paves way for global index inclusion of merged unit
 "Overseas investors continue to cut shareholding in both HDFC, HDFC Bank")
2-wheeler stocks in top gear as chip woes ease; EV transition key: Analysts
Analysts expect 2Ws to reflect strong volumes in Q2FY23 amid strong pent-up demand, and improved mobility in June quarter 2022 (Q1FY23)
World stocks skid as interest rate hike bets keep investors cautious
By Katanga Johnson
 "World stocks skid as interest rate hike bets keep investors cautious")
Rising interest rates, inflation to affect affordable HFCs' growth: Report
Rising interest rates, higher inflation and increasing cost of construction are likely to slow down growth of affordable housing finance companies in the current fiscal, a report said on Thursday.
 "Rising interest rates, inflation to affect affordable HFCs' growth: Report")
RIL, ONGC gain amid report govt may lower windfall tax on fuel on Friday
On the bourses, shares of RIL jumped 2.4 per cent in the intra-day trade, while those of ONGC rose 6.4 per cent.
 "RIL, ONGC gain amid report govt may lower windfall tax on fuel on Friday")
Sensex down for 4th day, dips 98pts; Nifty below 15,950; PSB, IT worst hit
CLOSING BELL: Axis Bank, HCL Tech, SBI, Tech M, TCS, Wipro, Infosys, and Ultratech Cement were the top large-cap laggards
 "Sensex down for 4th day, dips 98pts; Nifty below 15,950; PSB, IT worst hit")
NMDC hits 52-week low on weak earnings concerns; declines 7% in three days
EBITDA margin for Q1FY23E is likely to come in at 33.3 per cent as against 40 per cent in Q4FY22, said ICICI Securities
 "NMDC hits 52-week low on weak earnings concerns; declines 7% in three days")
TCS hits 52-week low; slips 9% in one week on Q1 margin disappointment
HSBC Securities believe relative premium to the market and likely slowdown in revenue growth will continue to restrict upside for IT stocks in the near term
 "TCS hits 52-week low; slips 9% in one week on Q1 margin disappointment")