Page 1899 - Markets News
India Pesticides initial public offering subscribed 29 times on last day
The initial public offer (IPO) comprised a fresh issue of Rs 100 crore and an offer for sale of Rs 700 crore.
 "India Pesticides initial public offering subscribed 29 times on last day")
Ashok Leyland shares close over 4% higher after fourth quarter earnings
The Hinduja group flagship firm has posted a consolidated profit after tax of Rs 377 crore for the fourth quarter ended March 31, 2021.
 "Ashok Leyland shares close over 4% higher after fourth quarter earnings")
Market Wrap Podcast, June 25: Here's all that happened in the markets today
For the week, the benchmarks gained 1.1 per cent each, the MidCap index 1.5 per cent, and the SmallCap index 1.2 per cent
 "Market Wrap Podcast, June 25: Here's all that happened in the markets today")
'Data breach in trading platform has put millions of customers at risk'
The customers' data has been put up for sale on a data sharing platform on June 15 and the incident has been reported to Computer Emergency Response Team (CERT) by Technisanct.
 "'Data breach in trading platform has put millions of customers at risk'")
Sensex ends 226 pts up; Tata Steel jumps 4.6%, Voda Idea 12%, RIL slips 2%
In the broader market, the BSE MidCap and SmallCap indices advanced 1 per cent and 0.4 per cent, respectively
 "Sensex ends 226 pts up; Tata Steel jumps 4.6%, Voda Idea 12%, RIL slips 2%")
Rupee slips 2 paise against US dollar amid higher crude oil prices
Higher crude oil prices weighed on forex market sentiment
 "Rupee slips 2 paise against US dollar amid higher crude oil prices")
Gold prices decline marginally to Rs 46,309; silver gains Rs 332
In the international market, both gold and silver were trading marginally higher
 "Gold prices decline marginally to Rs 46,309; silver gains Rs 332")
Maruti Suzuki gains 11% in 4 days after Co announced price hike plan
Analysts said there is a healthy order-book and adequate finance availability which should support a demand rebound
 "Maruti Suzuki gains 11% in 4 days after Co announced price hike plan")
Thermax gains 6% after arm wins Rs 250 crore order in Latin America
Thermax Babcock and Wilcox Energy Solutions has concluded a Rs 250 crore order for a claus package and an oxidiser package in the sulphur recovery unit for a greenfield refinery in Latin America
 "Thermax gains 6% after arm wins Rs 250 crore order in Latin America")
Apollo Hospitals soars 8% on heavy volumes; m-cap nears Rs 50,000 crore
Structurally, cost reduction drives, expanding of complex procedures and profitability of new hospitals and AHL remain key management focus areas, analysts said.
 "Apollo Hospitals soars 8% on heavy volumes; m-cap nears Rs 50,000 crore")
Inox Wind hits upper circuit for eighth straight day; up 62% post listing
With effect from Friday, the stock has been permitted to trade under 'B' group from 'T' group earlier
 "Inox Wind hits upper circuit for eighth straight day; up 62% post listing")
SBI, BoB: After stellar rally, can PSU banks still offer good returns?
If the stock of SBI fails to conquer the resistance of Rs 425-mark, some weakness is likely near the support of Rs 410 levels
 "SBI, BoB: After stellar rally, can PSU banks still offer good returns?")
Ashok Leyland advances 9% as Co reports market share gain in March quarter
Sequentially, MHCV truck volumes for Ashok Leyland have grown by 57 per cent in Q4FY21 which was higher than the industry growth of 53 per cent
 "Ashok Leyland advances 9% as Co reports market share gain in March quarter")
Accenture Q3FY21 earnings: Five key takeaways for Indian IT companies
A strong operational performance by Accenture during Q3FY21 in its outsourcing vertical sets the tone for an upcoming earnings season for the Indian IT service companies, Edelweiss Research said
 "Accenture Q3FY21 earnings: Five key takeaways for Indian IT companies")
RIL slips 6% in two days post AGM; stk trades lower for fourth straight day
The stock was trading lower for the fourth straight day, falling 7 per cent during the same period
 "RIL slips 6% in two days post AGM; stk trades lower for fourth straight day")
Laurus Labs rallies 5% on credit rating upgrade; stock hits record high
The company is looking to build new capacities/facilities that would propel its growth in the coming years
 "Laurus Labs rallies 5% on credit rating upgrade; stock hits record high")
Deepak Spinners zooms 18%, hits new high after Dolly Khanna buys 1% stake
On Thursday, June 24, 2021, Dolly Khanna purchased 76,555 shares, representing 1.06 per cent stake, in Deepak Spinners at price of Rs 167.21 per share
 "Deepak Spinners zooms 18%, hits new high after Dolly Khanna buys 1% stake")
Brokerages bullish on Ambani's mega plans; see up to 20% upside in the stk
While most brokerages remain optimistic on the road ahead for the company and welcomed its 'green initiative', most analysts say the execution of the same hold key to growth for the company
Stocks to watch: ONGC, BHEL, LIC Housing, Ashok Leyland, PTC India, RailTel
State-owned Union Bank of India has raised Rs 850 crore by issuing Basel-III-compliant bonds on a private placement basis
 "Stocks to watch: ONGC, BHEL, LIC Housing, Ashok Leyland, PTC India, RailTel")
Three stock ideas by Osho Krishan of Anand Rathi: Buy Crompton, Emami
Voltas stock is consolidating near the neckline of the Inverted Head & Shoulder pattern on the daily time frame and is expected to rebound from here onwards
 "Three stock ideas by Osho Krishan of Anand Rathi: Buy Crompton, Emami")