Page 2030 - Markets News

Hindalco jumps 4% as firm unveils capital allocation framework

The company expects to generate over $1-1.2 billion cash flow per annum post its normal working capital and maintenance capex

ONGC rallies 7% on higher oil prices; stock up 29% so far in February

Goldman Sachs Group Inc. has predicted crude oil prices could advance above $70 in the coming months

Chart check: Will the O2C biz spin-off trigger a fresh rally in RIL stock?

A breakout above Rs 2,100 in RIL's counter may see a rally towards 2,400

Tanla Platforms rallies 40% in 2 weeks; stock hits new lifetime high

In Q3FY21, the company's Ebitda was up by 99 per cent to Rs 126.9 crore for the same period, crossing the Rs 100 crore mark for the first time

Page Industries appoints V S Ganesh as new CEO; stock surges over 4%

V S Ganesh will be appointed for a period of 5 years effective June 1, 2021.

Reliance Industries gains 2% on plans to hive off O2C business

The company said the O2C business will be turned into a separate entity that will be 100 per cent owned by RIL

Info Edge shares zoom 5% after Zomato raises another $250 million

"On a fully converted and diluted basis, Info Edge's effective stake in Zomato stands at 18.4 per cent," Info Edge said in the stock exchange filing

Stocks to watch: RIL, Bharat Forge, Vedanta, Airtel, HDFC Bank, Hindalco

RIL, in a late night filing, said that it has begun the process of carving out the O2C business into an independent subsidiary

Market Ahead, Feb 23: All you need to know before the opening bell

Heranba Industries' Rs 625 crore IPO would open for subscription today. The price band for the issue has been fixed at Rs 626-627 per share

World shares slide as inflation fears batter bonds, commodities surge

Oil prices rose on a tight global supply outlook after U.S. production was hammered by frigid weather and an approaching meeting of top crude producers is expected to keep output largely in check

Investor charter may not have a monetary compensation mechanism

The first draft is expected to be submitted to the finance ministry by March 15

Bears take control: Sensex slips below 50,000, investors lose Rs 3.7 trn

Tumbles 2.3% in fifth straight day of loss amid rise in bond yields, Covid cases

India business drives strong Q3 margin performance for Mahindra CIE

The management expects profitability to improve on the back of volumes, cost reduction

31 of Nifty50 firms exposed to commodity-related risk: BofA Securities

Among sectors with high exposure, raw materials comprise 57% of sales for the discretionary sector, according to BofA's estimates

Relief for HDFC Bank as SAT stays Sebi directive on Rs 160 cr transfer

Matter pertains to BRH Wealth Kreators share-pledge fiasco; SAT cites lender's financial strength while asserting it won't run away or become insolvent

Base metals stocks shine as supply crunch, EV push lift copper, zinc prices

Shares of firms in this space up 50-198% since November 2020; global demand for copper and aluminium outstrips supply, pushing spot prices higher than futures

Improved earnings visibility, debt pruning boost shares of Varun Beverages

Volume recovery, expansion in new geographies and debt reduction are key positives

India is well placed within EMs from an investment perspective: BNP Paribas

India has handled the pandemic rather well, companies have become more efficient, and there is a cyclical recovery underway, said Abhiram Eleswarapu, head of equities at BNP Paribas India

Blue Dart: Near-term margins to stay elevated, upside could be limited

Record Q3 performance helps sustain stock price which is up 146 per cent over the last six months

Regulatory authorities used intra-day trading curbs more often last year

Instances of stocks being transferred to the trade-for-trade segment rose 12-25 per cent across exchanges during the year