Lower than expected Q4 show, premium valuations were other factors
While the market has weakened from its high, it is up significantly over the year, and is trading at multiples that are well above its mean, says Aditya Narain of Edelweiss
Meanwhile, hospitals, cements and metal companies have seen further upgrades in their FY22 earnings estimate
Data from MF Explorer shows that maximum return generated by value funds the past one year is 96% and average is 59%
Analysts advice investors to make switch to fully-paid shares
Many investors expect more gains as the world pulls out of the pandemic
In April, the government said that the timeline for disinvestment of Air India and Bharat Petroleum Corporation (BPCL) may be pushed by two to three months due to the second Covid-19 wave
Leading stock exchange BSE on Tuesday said it has resolved 344 complaints against 156 listed companies in the month of April.
On the NSE, the Nifty50 gave up the psychological level of 14,500 and closed at 14,496-mark, down 138 points or 0.94 per cent. Earlier in the day, it hit a low of 14,461.
Nearly 35 of the 50 constituents on the index ended the day in the red including Tata Consumer Products (down 4.3 per cent), Cipla, Reliance Industries, Dr Reddy's Labs, and Hindalco Industries
The stock has corrected 27 per cent from its all-time high level of Rs 9,952 touched on February 5
U.S. gold futures fell 0.4% to $1,785.50.
The board approved the payment of first interim dividend of Rs 5 per equity share for the current financial year 2021-22
In the past one year, the stock has zoomed 432 per cent, against 54 per cent jump in the benchmark S&P BSE Sensex
In this podcast, we take stock of India Inc's March quarter performance. Listen in
Adani Gas, HEG, and Hindustan Copper are expected to rally up to 20 per cent upon surpassing their resistance levels
The management said during the quarter, the company's profits was muted due to one off in US operations caused by Polar Vortex leading to sharp rise in gas prices.
In the intra-day today, the stock hit an over nine-year high of Rs 135.60, up 6 per cent, on the BSE. In the past six weeks, it has zoomed 85 per cent
The long-term outlook for the company remains positive given its market leading position in the piping segment where government reforms will keep the demand strong, ICICI Securities said
Analysts remain watchful of the impact of the lockdowns announced in various key states due to the resurgence in Covid-19 cases