Page 1596 - Markets News

Lupin slips 9%, hits 2-year low on disappointing March quarter results

Lupin's performance was skewed on revenues front amid US and India posting lower than expected sales while RoW and South Africa saw better than anticipated traction this quarter.

Stocks to Watch: ITC, Lupin, Ruchi Soya, Manappuram Finance, JSW, Biocon

Stocks to Watch today: Ashok Leyland, Bosch, Chambal Fertilisers & Chemicals, Container Corp, Dr Reddy's will be in focus ahead of their Q4 results today.

Has the crash in mid, small-caps bottomed out?

From their lifetime peaks, broader indices have tumbled upto 20% as against a 13-14% slide in benchmarks. Analysts expect these two segments to rebound once the economic growth prospects become clear

Product portfolio, expanding markets to drive gains for Eicher Motors

In addition to volume growth, margin gains hinge on raw material/freight cost movement

Equities snap two-day rally in see-saw trade

The rupee plunged to its fresh lifetime low against the dollar, weighed by persistent foreign fund outflows and a spurt in crude oil prices

Second half of FY23 is likely to see higher earnings growth: Swati Kulkarni

We can see a possible earnings growth revival in the automobile sector if the raw material pressure softens and semiconductor availability improves

Amfi category: Adani Power, BoB, Cholamandalam may enter large cap space

HDFC AMC, Godrej Properties to migrate lower; move part of Amfi's half-yearly stock reclassification

LIC's listing-day show second-worst globally for big IPOs this year

The worst was that of chip manufacturer ASR Microelectronics, whose shares had slumped 34% in Shanghai during their trading debut in January following its $1.1 billion IPO

Bharti Airtel trades weak despite strong Q4; down 5% from intra-day high

In the past one week, Airtel has underperformed the market by falling 4 per cent, as compared to 0.28 per cent rise in the Sensex.

Oil rates fall 2% as US refiners ramp up output, equities retreat

By Arathy Somasekhar

US dollar rebounds after Fed chair Powell reaffirms hawkish outlook

By Samuel Indyk

Ruchi Soya hits upper circuit on buyout of Patanjali's food retail business

The board also approved to change company's name from Ruchi Soya Industries to Patanjali Foods.

Sensex snaps 2-day gaining streak, slips 110 pts; Ruchi Soya leaps 10%

CLOSING BELL: Sectorally, the Nifty Realty and PSU Bank indices were the worst hit as they slipped 1.75 per cent and 1.6 per cent on the NSE

Dr Reddy's Q4 PAT may rise 28% YoY; margins likely to fall, say analysts

The pharmaceutical giant may witness some impact due to its large exposure of the business to Russia, and CIS regions.

Will ATF price hike, Jet Airways' return hurt IndiGo, Spicejet's stocks?

Jet Airways has crossed the 200-weekly moving average (WMA) for the first time since mid-2018, a period of almost 4 years, which indicates an underneath positive bias

MRPL hits highest level since Oct 2018, rallies 34% in four trading days

For Q4FY22, MRPL reported standalone net profit of Rs 3,008 crore as against profit of Rs 268 crore in Q4FY21.

OMCs in focus; HPCL hits 52-week low, IOC slips 4% on disappointing Q4

As per media reports, the government is considering selling a 20-25 per cent stake in BPCL instead of its entire 53 per cent holding, previously under divestment process.

Gokaldas Exports surges 9%; hits all-time high on healthy business outlook

A shift in consumer preferences post pandemic towards wovens, as people seek more formal clothes, may improve demand.

Dr Lal Pathlabs slips 6%, hits 52-week low post muted Q4 results

In Q4FY22, normalised earnings before interest, taxes, depreciation, and amortization (EBITDA) margins contracted 630 bps to 19.4 per cent from 25.7 per cent in Q4FY21

Stocks to watch: ITC, LIC, BPCL, Bharti Airtel, IOC, DLF, IGL, Zydus Life

Stocks to watch today: At 7:26 am, the SGX Nifty futures were quoting 16,223 levels, signaling 30-40 point loss for the 50-packed index.