Page 2297 - Markets News
India Cements jumps 8% as Damani family increases stake to 20% in Q4
Gopikishan Damani and Radhakishan Damani's combined stake in India Cements increased to 19.89% in March 2020 quarter from 4.73% in the previous quarter
 "India Cements jumps 8% as Damani family increases stake to 20% in Q4")
Escorts rallies 5% on strong operational performance in Q4
The management said the good harvest, increased procurement by respective governments and their focussed support to farming & prediction of good monsoon will enable quick revival across farm ecosystem
 "Escorts rallies 5% on strong operational performance in Q4")
Hikal freezes at 5% upper circuit on development of Favipiravir API
Favipiravir is in various stages of clinical trials in many countries as an experimental treatment of Covid-19.
 "Hikal freezes at 5% upper circuit on development of Favipiravir API")
50 days of lockdown: Indian markets are among the biggest losers globally
For instance, auto sales were almost zero for the month of April, and companies are still limping back to produce vehicles
 "50 days of lockdown: Indian markets are among the biggest losers globally")
PVR, Inox Leisure hit 52-wk lows on report of lockdown extension in Mumbai
Media reports suggest OTT platform Amazon Prime Video has acquired seven Bollywood & regional films, including Amitabh Bachchan-Ayushmann Khurrana starrer 'Gulabo Sitabo' for direct-to-digital premier
 "PVR, Inox Leisure hit 52-wk lows on report of lockdown extension in Mumbai")
Unichem Laboratories jumps 10% on getting EIR from USFDA for Roha facility
Unichem Lab stock had hit a 52-week high of Rs 200.60 on the BSE on May 24, 2019, while its 52-week low was Rs 75.10, hit on March 23 this year.
 "Unichem Laboratories jumps 10% on getting EIR from USFDA for Roha facility")
Alembic Pharma hits new high, surges 45% in 4 weeks on strong Q4 results
In the past four weeks, Alembic Pharma outperformed the market by surging 41 per cent as compared to Sensex's 1.1 per cent gain
 "Alembic Pharma hits new high, surges 45% in 4 weeks on strong Q4 results")
Manappuram Finance jumps 7% in a weak market on strong Q4 result
The company's total income grew 38.7 per cent to Rs 1618.15 crore during the quarter as against Rs 1166.51 crore during same quarter a year ago
 "Manappuram Finance jumps 7% in a weak market on strong Q4 result")
Biocon shares slump over 4% as profit declines 42% in March quarter
The company's revenue, however, saw a muted growth of 6 per cent as compared to Q4 of FY19
 "Biocon shares slump over 4% as profit declines 42% in March quarter")
Oil prices rise on dip in US crude stockpiles and IEA data forecast
Crude prices have ticked up in the last two weeks as some countries relaxed coronavirus restrictions to allow factories and shops to reopen
 "Oil prices rise on dip in US crude stockpiles and IEA data forecast")
Stocks to watch: Biocon, Cipla, Aurobindo Pharma, Tata Group stocks, Nocil
Here's a look at the top stocks that may remain in focus today
 "Stocks to watch: Biocon, Cipla, Aurobindo Pharma, Tata Group stocks, Nocil")
Market Ahead, May 15: All You Need To Know Before The Opening Bell
Today, a total of 12 companies including Cipla, Aaarti Drugs, and M&M Finance are scheduled to announce their results
 "Market Ahead, May 15: All You Need To Know Before The Opening Bell")
Escorts re-rating hinges on tractor volume recovery, tie-up with Kobuta
The company isThe company is banking on pent up demand to reflect in June-October period banking on pent up demand to reflect in June-October period
 "Escorts re-rating hinges on tractor volume recovery, tie-up with Kobuta")
Relief to SBI on the cards; investors should await clarity on asset quality
Relaxation in the two segments is positive of asset quality recovery, but investors should await clarity from post-results commentary
 "Relief to SBI on the cards; investors should await clarity on asset quality")
HNIs steer clear of illiquid investments after Covid-19 outbreak
Market-linked debentures and credit risk funds - two products to have grown popular in the past two years - have fallen out of favour since the outbreak
 "HNIs steer clear of illiquid investments after Covid-19 outbreak")
RBI slaps Rs 5 lakh fine on UCO Bank for violating govt bond holding norms
The Reserve Bank of India has imposed a penalty of Rs 5 lakh on UCO Bank for bouncing of SGL forms
 "RBI slaps Rs 5 lakh fine on UCO Bank for violating govt bond holding norms")
Stock markets fall sharply as stimulus package fails to lift sentiment
The benchmark indices fell nearly 3% on Thursday, erasing all the gains made a day earlier on optimism over the Rs 20-trillion rescue package announced by the government
 "Stock markets fall sharply as stimulus package fails to lift sentiment")
Bonds rally as traders estimate govt's stimulus likely to see limited spend
The yield on the most-traded 6.45 per cent 2029 note dropped 10 basis points to 6 per cent, extending Wednesday's 7-basis point fall.
 "Bonds rally as traders estimate govt's stimulus likely to see limited spend")
Sebi relaxes 25% minimum public shareholding norms, deadline postponed
Experts said Sebi's relaxation would also benefit companies where promoter holding had increased beyond 75 per cent because of open offers or other acquisitions.
 "Sebi relaxes 25% minimum public shareholding norms, deadline postponed")
Sebi grants temporary relief to companies from public float norms
Sources say companies had approached the regulator seeking relaxation citing unfavorable market conditions through investment bankers and industry bodies