Page 1581 - Markets News
Mahindra & Mahindra hits new high, up 3% on hopes of strong domestic demand
Company says is seeing high interest for new launched Scorpio-N; In the last three months, the stock has outperformed the market, by gaining 38 per cent as against a 9 per cent decline on the Sensex.
 "Mahindra & Mahindra hits new high, up 3% on hopes of strong domestic demand")
Hero MotoCorp rallies 4%; company announces price hike from July 1
The company said the price revision has been necessitated to partially offset the steadily growing overall cost inflation, including commodity prices
 "Hero MotoCorp rallies 4%; company announces price hike from July 1")
Route Mobile rebounds 23% from 18-month low as board mulls buyback plan
The company said the board is scheduled to meet on Tuesday, June 28, 2022, to consider a proposal for buyback of fully paid up equity shares of the company
 "Route Mobile rebounds 23% from 18-month low as board mulls buyback plan")
Mehul Kothari recommends buying ITC
According to the technical analyst from Anand Rathi, ITC can rally to Rs 285.
 "Mehul Kothari recommends buying ITC")
Stocks to Watch: Hero MotoCorp, ONGC, Tata Motors, Thermax, DCM Shriram, IT
Stocks to Watch today: ONGC overseas arm ONGC Videsh has made an oil discovery in a recently drilled well Urraca-IX in CPO-5 block, Llanos Basin, Colombia.
 "Stocks to Watch: Hero MotoCorp, ONGC, Tata Motors, Thermax, DCM Shriram, IT")
F&O Strategy: Four reasons why Nandish Shah recommends buying Indian Hotel
The technical analyst from HDFC Securities recommends buying Indian Hotel June future for a target of Rs 232.
 "F&O Strategy: Four reasons why Nandish Shah recommends buying Indian Hotel")
Mid, small-sized HFCs may bear the brunt of rising interest rates
Shares of housing finance companies nosedived after the RBI hiked repo rate on May 4. While robust real estate demand may outweigh rate hike impact, some firms may be vulnerable to interest rate hikes
 "Mid, small-sized HFCs may bear the brunt of rising interest rates")
Investment via participatory notes declines to Rs 86,706 crore in May
FPIs will reverse selling stance in one/two quarters, return to India's equities: Experts
 "Investment via participatory notes declines to Rs 86,706 crore in May")
Life may get tougher for mid, small size HFCs amid rising rates: Analysts
Analysts warn that housing finance companies (HFCs), which cater largely to affordable housing segment, may see some margin erosion
 "Life may get tougher for mid, small size HFCs amid rising rates: Analysts")
Maruti stock accelerates 6% on margin hopes; other auto stocks gain
The gains are on hopes of margin improvement due to stable commodities prices
 "Maruti stock accelerates 6% on margin hopes; other auto stocks gain")
Invest in dynamic bond funds to navigate impact of interest rate cycle
They outshine short-duration funds: Fund managers
 "Invest in dynamic bond funds to navigate impact of interest rate cycle")
Sensex rises 443 pts; Nifty rebounds nearly 1% as auto, IT shares advance
Experts said a fall in oil prices and other key commodities are a silver lining in the domestic market
 "Sensex rises 443 pts; Nifty rebounds nearly 1% as auto, IT shares advance")
Trading volume dips amid market turmoil, retail investors take a hit
ADTV for cash segment lowest since Feb 2020; retail participation hit, say analysts
 "Trading volume dips amid market turmoil, retail investors take a hit")
Sebi amends educational qualification criteria for recruiting new officials
Bachelor's in engineering in any discipline or Bachelor's in any discipline with a postgraduate qualification in computer application is required for filling up posts in Grade D, E and F posts
 "Sebi amends educational qualification criteria for recruiting new officials")
Sensex rallies 443 pts; Nifty holds 15,550; Maruti rises 7%, Hero Moto 6%
CLOSING BELL: Maruti Suzuki, Eicher Motors, Hero MotoCorp, Bajaj Auto, M&M, and Tata Motors were the top Nifty gainers, advancing between 3.5 per cent and 6.7 per cent
 "Sensex rallies 443 pts; Nifty holds 15,550; Maruti rises 7%, Hero Moto 6%")
Route Mobile hits 18-month low; stock sheds 25% in the two weeks
The company's EBITDA margins contracted from 14.2 per cent in Q4FY21 and 13.7 per cent in Q3FY22 to 11.1 per cent in Q4FY22.
 "Route Mobile hits 18-month low; stock sheds 25% in the two weeks")
Macrotech, Brigade Ent: Bet on these stks to benefit from real estate boom
Among other real-estate stocks, Indiabulls Real Estate remains in the bear trap, while Sobha and Godrej Properties were seen struggling to make a come back.
 "Macrotech, Brigade Ent: Bet on these stks to benefit from real estate boom")
Ajanta Pharma extends fall, slips 2%; stock turned ex-bonus on Wednesday
The company had fixed June 23, 2022 as the record date for the bonus issue in the proportion of one equity share for every two equity shares held
 "Ajanta Pharma extends fall, slips 2%; stock turned ex-bonus on Wednesday")
Spandana Sphoorty soars 18% as ex-MD Padmaja, board resolve differences
The company informed BSE, that its board and the founder and ex-MD Ms. Padmaja Reddy have resolved their differences and agreed to part ways on amicable terms.
 "Spandana Sphoorty soars 18% as ex-MD Padmaja, board resolve differences")
Sun TV Network hits 52-week low, stock down 10% in two trading sessions
In the last one year, Sun TV has underperformed the market by falling 24 per cent, as against a 0.1 per cent gain on the S&P BSE Sensex.
 "Sun TV Network hits 52-week low, stock down 10% in two trading sessions")