Page 1888 - Markets News
Market Wrap Podcast, July 14: Here's all that happened in the markets today
Tech Mahindra, HCL Technologies and Infosys were the top performers in the 30-pack Sensex while Maruti, HUL and Nestle were the worst laggards
 "Market Wrap Podcast, July 14: Here's all that happened in the markets today")
Infosys Q1 PAT jumps 23% YoY to Rs 5,195 cr; ups FY22 guidance
The company's Q1 consolidated revenue came in at Rs 27,896 crore, up 17.87 per cent YoY, as against Rs 23,665 crore posted in the June quarter of FY21
 "Infosys Q1 PAT jumps 23% YoY to Rs 5,195 cr; ups FY22 guidance")
Sensex adds 134 pts; Mindtree jumps 8%, Wipro adds 7%, realty stocks slip
In the primary market, the Rs 9,300-crore initial public offer (IPO) of Zomato was subscribed 57 per cent till 3:30 PM on the first day of the issue
 "Sensex adds 134 pts; Mindtree jumps 8%, Wipro adds 7%, realty stocks slip")
Wipro Q1 preview: PAT may jump 14-19% YoY; eyes on EBIT margin, guidance
Wipro Q1 preview: Nomura expects Q1 PAT to come in at Rs 2,732.1 crore, up 14.3 per cent YoY
 "Wipro Q1 preview: PAT may jump 14-19% YoY; eyes on EBIT margin, guidance")
BSE IPO index hits new high; Gland Pharma, MTAR zoom over 40% in a month
A total of six stocks -- Angel Broking, CAMS, Gland Pharma, Happiest Minds Technologies, Laxmi Organic and Macrotech Developers -- have hit their respective new highs since listin
 "BSE IPO index hits new high; Gland Pharma, MTAR zoom over 40% in a month")
Analysts prefer auto ancillary stocks over OEMs as states push EV policies
Nomura believes that if new players' vehicles sell well, multiples of incumbent OEMs like Hero MotoCorp and Bajaj Auto may de-rate
 "Analysts prefer auto ancillary stocks over OEMs as states push EV policies")
Larsen & Toubro up for third straight day; stock nears record high
L&T remain optimistic about the Government's intent to complete around 7400 projects as envisaged in the National Infrastructure Pipeline, aggregating to Rs 111 trillion by FY25.
 "Larsen & Toubro up for third straight day; stock nears record high")
Maha govt's new EV policy can spark up to 25% upside in these stocks
Shares of Motherson Sumi, Jay Bharat Maruti and Bharat Gears have surged over 50 per cent so far this year and continue to see positive interest from market players
 "Maha govt's new EV policy can spark up to 25% upside in these stocks")
Midcap IT shares in demand; Happiest Minds, MphasiS rally over 5%
At 11:41 am; the S&P BSE IT index and Nifty IT indices were up 2 per cent each, as compared to 0.14 per cent gain in the benchmark indices the S&P BSE Sensex and Nifty50.
 "Midcap IT shares in demand; Happiest Minds, MphasiS rally over 5%")
R Power gets shareholders' nod to issue shares, warrants worth Rs 1,325 cr
Reliance Power said it has received shareholders' approval to issue shares and warrants worth Rs 1,325 crore to its promoter firm Reliance Infrastructure on preferential basis
 "R Power gets shareholders' nod to issue shares, warrants worth Rs 1,325 cr")
Ashish Kacholia's latest stock bet has rallied 148% in past 3 months
Kacholia held 153,402 equity shares, representing a 1.13 per cent stake in AWL at the end of Q1FY22
 "Ashish Kacholia's latest stock bet has rallied 148% in past 3 months")
Tata Metaliks Ltd shares climb over 8% after June quarter earnings
Shares of Tata Metaliks Ltd jumped over 8% after the firm reported a net profit of Rs 94.72 crore for the quarter ended June 30, 2021.
 "Tata Metaliks Ltd shares climb over 8% after June quarter earnings")
Steel Strips Wheels soars 25% in 2 days on bagging orders worth Rs 113 cr
In past one month, the stock of SSWL has rallied 81 per cent, as compared to a marginal 0.26 per cent rise in the S&P BSE Sensex
 "Steel Strips Wheels soars 25% in 2 days on bagging orders worth Rs 113 cr")
Mindtree surges 9%, hits new high on healthy June quarter results
Strong Q1, healthy deal pipeline and employee addition indicate robust growth for Mindtree in FY22E, ICICI Direct said in a note
 "Mindtree surges 9%, hits new high on healthy June quarter results")
Stocks to watch: Infosys, Mindtree, Barbeque-Nation, Torrent Power, Vedanta
ICRA has upgraded credit rating for the bank facilities of Barbeque-Nation Hospitality
 "Stocks to watch: Infosys, Mindtree, Barbeque-Nation, Torrent Power, Vedanta")
Market Ahead Podcast, July 14: Top factors that could guide markets today
Infosys, 5paisa Capital, Craftsman Automation, Dodla Dairy, L&T Technology Services and Hatsun Agro Product are among 19 companies that are slated to post their quarterly earnings today
 "Market Ahead Podcast, July 14: Top factors that could guide markets today")
Nifty consolidating; shift focus to mid-, small-cap stocks: Vinay Rajani
The stock of Federal Bank has broken out from a downward sloping trend-line on the daily chart.
 "Nifty consolidating; shift focus to mid-, small-cap stocks: Vinay Rajani")
Sensex witnesses best session in six weeks; ICICI Bank gains 2.83%
This was the best single-day gains for the index since May 31.
 "Sensex witnesses best session in six weeks; ICICI Bank gains 2.83%")
Bank of Maharashtra fixes floor price at Rs 24.89 per share for QIP
State-run Bank of Maharashtra (BoM) on Tuesday said the board has fixed floor price of Rs 24.89 per share for the proposed Rs 2,000 crore qualified institutional placement (QIP).
 "Bank of Maharashtra fixes floor price at Rs 24.89 per share for QIP")
Bahl, Kapur settle case with Sebi, pay Rs 61 lakh for rule breach
The matter pertains to dealing in shares of PMC Fincorp between March 2012 and March 2015
 "Bahl, Kapur settle case with Sebi, pay Rs 61 lakh for rule breach")