Page 907 - Markets News
Piramal Enterprises shares tank over 10% after weak Q1 performance
PEL's share prices ended at Rs 881.35 today, down 10.59 per cent on the BSE
 "Piramal Enterprises shares tank over 10% after weak Q1 performance")
No NOC request from NSE for IPO, says Sebi; requests HC to dismiss plea
Replying to a writ petition, it says delay not on the regulator's part
 "No NOC request from NSE for IPO, says Sebi; requests HC to dismiss plea")
Stock Market Highlights, Aug 14: Benchmarks end up; IT shines, Metals slip
Stock market highlights on Wednesday, August 14: 26 out of 50 constituents of the Nifty50 index ended lower, dragged down by Divi's Labs, Hero MotoCorp, and Coal India
 "Stock Market Highlights, Aug 14: Benchmarks end up; IT shines, Metals slip")
10 things global fund managers are saying about equity markets; check here
A total of 220 panelists with $590 billion worth of assets under management (AUM)) participated in a survey conducted by BofA Securities between August 2 and August 8
 "10 things global fund managers are saying about equity markets; check here")
GMR Airports Infra shares slip on weak Q1; Net loss widens to Rs 141 cr
GMR Airports Infrastructure shares have multiplied investors' wealth in the last two years, with a sprint of 168.70 per cent during the period, as per BSE analytics
 "GMR Airports Infra shares slip on weak Q1; Net loss widens to Rs 141 cr")
This smallcap firm zoomed over 18% in a day post Q1 show; revenues rise 29%
Shares of Kirloskar Industries surged up to 18.52 per cent, at Rs 6,249 a piece on the BSE in intraday deals
 "This smallcap firm zoomed over 18% in a day post Q1 show; revenues rise 29%")
Marksans Pharma stock zooms 16% to hit record high on strong Q1 results
The US & North America Formulation biz reported growth of 29.8% YoY in Q1FY25, on account of incremental revenue from new product launches, and increase in the share of existing customers.
 "Marksans Pharma stock zooms 16% to hit record high on strong Q1 results")
This smallcap has zoomed 117% in 3 months; Motilal initiates 'Buy' rating
Gravita India hit a new high of Rs 1,967.20, as it rallied 9% on the BSE in Wednesday's intra-day trade after MOFSL initiate coverage on the stock with 'buy' rating and target price of Rs 2,350.
 "This smallcap has zoomed 117% in 3 months; Motilal initiates 'Buy' rating")
PC Jeweller hits 52-week high on staging turnaround in Q1; revenue up 158%
Shares of PC Jeweller surged up to 4.42 per cent, hitting its 52-week high at Rs 99.46, a piece on the BSE in intraday deals
 "PC Jeweller hits 52-week high on staging turnaround in Q1; revenue up 158%")
Metal shares fall on adverse SC ruling; Tata Steel, Vedanta drop up to 6%
The Supreme Court today ruled in favor of the State governments' authority to levy taxes on mineral rights.
 "Metal shares fall on adverse SC ruling; Tata Steel, Vedanta drop up to 6%")
Samvardhana Motherson International shares rally on Q1 show: profits up 70%
Shares of Samvardhana Motherson International Ltd (SAMIL) surged up to 4.42 per cent at Rs 188.75 a piece on the BSE
 "Samvardhana Motherson International shares rally on Q1 show: profits up 70%")
Piramal Enterprises stock tumbles 10% post June quarter results
The net interest margin (NIM) of the finance company dropped to 6.7 per cent compared to 7.3 per cent in the last year.
 "Piramal Enterprises stock tumbles 10% post June quarter results")
Ashoka Buildcon Q1 net soars 148%, order book at Rs 10K cr; stock trades up
Ashoka Buildcon stock update: The stock had gained over 4 per cent in intra-day deals; but soon pared gains. Total income increased by 22 per cent in Q1FY25.
 "Ashoka Buildcon Q1 net soars 148%, order book at Rs 10K cr; stock trades up")
India bond yields marginally lower as traders await US inflation data
India's retail inflation eased in July due to vegetable inflation falling and high base effect as annual retail inflation was 3.54 per cent in July, lowest since Aug 2019, down from 5 per cent in June
 "India bond yields marginally lower as traders await US inflation data")
SJVN shares zoom 9% on stellar Q1FY25 earnings; power sales grow 238% YoY
SJVN's stock surged up to 8.68 per cent at Rs 148.85 a piece on the BSE in Wednesday's intraday trade
 "SJVN shares zoom 9% on stellar Q1FY25 earnings; power sales grow 238% YoY")
Hero MotoCorp shares fall over 4%, despite strong Q1FY25 results; Details
Hero MotoCorp's consolidated net profit in Q1 FY25 climbed 47.3 per cent Year-on-Year (Y-o-Y) to Rs 1,032 crore
 "Hero MotoCorp shares fall over 4%, despite strong Q1FY25 results; Details")
Hindustan Zinc dips 4% as Vedanta board okays 2.6% stake sale via OFS
Meanwhile, Hindustan Zinc has dismissed rumours of Rs 6,000 crore worth special dividend.
 "Hindustan Zinc dips 4% as Vedanta board okays 2.6% stake sale via OFS")
Saraswati Saree Depot IPO closes today; Should you Bid? Check GMP & more
The unlisted shares of Saraswati Saree Depot are commanding a strong premium on the last day of subscription. Should you subscribe to the Saraswati Saree Depot IPO?
 "Saraswati Saree Depot IPO closes today; Should you Bid? Check GMP & more")
Nykaa shares jump 6% after strong Q1 show; net profits grow 152% YoY
Shares of FSN E-Commerce Ventures soared as much as 5.76 per cent at Rs 197.35 per share on the BSE in Wednesday's intraday trade
 "Nykaa shares jump 6% after strong Q1 show; net profits grow 152% YoY")
Ola Electric's impressive stock market debut putting Modinomics to test
The Bengaluru-based startup is being closely watched as a proxy for the country's factory ambitions
 "Ola Electric's impressive stock market debut putting Modinomics to test")