Page 656 - Markets News
Phoenix Mills primed for success after robust Q3 and Budget boost
The company bucked the slowdown in the discretionary space by reporting a robust performance for its mall portfolio in the December quarter
 "Phoenix Mills primed for success after robust Q3 and Budget boost")
Multiple demat accounts held against single PAN surge 500% since FY17
Unique accounts now below 60% of total
 "Multiple demat accounts held against single PAN surge 500% since FY17")
NSE IT completes sale of digital exam assessment business to CL Educate
The sale is valued at Rs 230 crore, with an additional earn-out of Rs 75 crore linked to FY25 performance
 "NSE IT completes sale of digital exam assessment business to CL Educate")
Rupee sinks to lifetime low as Trump tariffs shake global markets
The rupee declined to 87.28 per U.S. dollar before closing at 87.1850, down by nearly 0.7%, its biggest single-day percentage loss since Jan 13
 "Rupee sinks to lifetime low as Trump tariffs shake global markets")
Stock Market Close Highlights: Sensex slips 319pts on US tariff jolt; Nifty at 23,361; Smallcaps dip
Markets Today Highlights: Smallcap shares were among the top laggards in broader markets, with the Nifty Smallcap100 index ending down by 2.13 per cent
 "Stock Market Close Highlights: Sensex slips 319pts on US tariff jolt; Nifty at 23,361; Smallcaps dip")
HUDCO, Can Fin Homes slip up to 11%; here's what's worrying investors
"The Budget allocated Rs 1.59 trillion to housing and urban development over FY25RE of Rs 1.06 trillion which was a downward revision in FY25RE from FY25BE of Rs 1.25 trillion," JM Financial said
 "HUDCO, Can Fin Homes slip up to 11%; here's what's worrying investors")
SRF hits record high in weak mkt; stock up 33% in 1-mth on healthy outlook
In the past one month, SRF has outperformed the market by surging 33 per cent, due to initial signs of demand recovery in Q3FY25, as compared to 2.5 per cent decline in the BSE Sensex.
 "SRF hits record high in weak mkt; stock up 33% in 1-mth on healthy outlook")
Kamat Hotels (India) shares hit 20% upper circuit on bourses; reasons here
The company's share price climbed as much as 19.98 per cent to get locked at the upper circuit of Rs 272.55 apiece on the BSE during the intra-day trade
 "Kamat Hotels (India) shares hit 20% upper circuit on bourses; reasons here")
Bajaj Finance share rises 5%, hits record high post Budget 2025; here's why
In the past six trading days, Bajaj Finance share has soared 15 per cent. On January 30, 2025, the stock had surpassed its previous high of Rs 8,190 touched in October 2023
 "Bajaj Finance share rises 5%, hits record high post Budget 2025; here's why")
Divis Labs share surge 5% after profits rise 64% in Q3 results; know more
Divi's Laboratories share price slipped 4.60 per cent at Rs 5,881.15 a piece on the BSE in Monday's intraday trade after the pharmaceutical company's consolidated net profit for the third quarter
 "Divis Labs share surge 5% after profits rise 64% in Q3 results; know more")
Mahanagar Gas drops 6% as stock trades ex-dividend today; details here
Mahanagar Gas share price has dropped around 26 per cent in the last six months, while it slipped 10.43 per cent in the last one year
 "Mahanagar Gas drops 6% as stock trades ex-dividend today; details here")
Budget 2025 boost, strong Q3 lift UPL share price 6% to 52-week high
UPL share price rose after a rating upgrade by Investec, which revised the stock's outlook to 'Buy' from 'Sell', alongside a strong performance in Q3FY25 and announcements from the 2025 Budget
 "Budget 2025 boost, strong Q3 lift UPL share price 6% to 52-week high")
MOIL shares rise 3% but pare gains soon after releasing monthly sales data
The stock moved after the company revised prices of different grades of Manganese Ore and other products with effect from April 1, 2025, and released production numbers
 "MOIL shares rise 3% but pare gains soon after releasing monthly sales data")
Why One 97 Communications, parent of Paytm, shares gain 5% in weak market?
Seven Technology LLC is the parent company of Dinie Correspondente Bancário e Meios de Pagamento Ltda. ("Dinie"), Brazil-based API-first embedded finance start-up
 "Why One 97 Communications, parent of Paytm, shares gain 5% in weak market?")
Coal India share slips 5% after production drops to 78.4 MT in January
Coal India share price slipped 4.87 per cent at Rs 366.55 a piece on the BSE in Monday's intraday trade after the company's coal production in January stood at 77.8 million tonnes, down 0.8 per cent y
 "Coal India share slips 5% after production drops to 78.4 MT in January")
Neogen stock surges 9% in weak market on strong Q3; soars 28% in 5 days
The management is confident of achieving FY26 revenue guidance of Rs 950-1,000 crore in the standalone business; beyond FY26, the rapid scale up in Neogen Ionics will drive consolidated performance
 "Neogen stock surges 9% in weak market on strong Q3; soars 28% in 5 days")
Malpani Pipes IPO allotment today; check status, GMP, listing date
The public offering, which closed its three-day subscription window on Friday, January 31, 2025, witnessed strong investor demand, with a subscription rate exceeding 146 times
 "Malpani Pipes IPO allotment today; check status, GMP, listing date")
Globus Spirits shares rise 5% in trade; here's what's boosting rally
Globus Spirits announced a hike by 4.35 per cent from April 1, 2025, based on the FY25 TTM volume mix on regular and other brands
 "Globus Spirits shares rise 5% in trade; here's what's boosting rally")
Happiest Minds Tech gains 4% after acquiring GAVS Tech Middle East biz
Happiest Minds Technologies share price gained 4.39 per cent at Rs 726.30 a piece on the BSE in Monday's intraday
 "Happiest Minds Tech gains 4% after acquiring GAVS Tech Middle East biz")
Here's why Shakti Pumps share gained 6% from day's low on February 3
The uptick in Shakti Pumps share price came after the company announced the additional tie-up for DCR cell-based Solar Module for FY 2025-26
 "Here's why Shakti Pumps share gained 6% from day's low on February 3")