Page 44 - Stock Market Today

US sales momentum, margin gains to support pharma major Cipla's stock

Led by the US market which rose by 31 per cent, the company posted a 16 per cent growth in revenues

M&M Financial Services banks on H2 recovery and strong valuations

In Q2FY24, net profit plummeted by 48 per cent Y-o-Y, while core profit before tax increased by 10 per cent Y-o-Y. This miss was largely due to higher provisions (up by 216 per cent Y-o-Y)

Markets log gains for second day on buying in Reliance, HDFC Bank

The Nifty advanced 93.65 points or 0.49 per cent to 19,140.90

Street Signs: Nifty's battle at 18,800, IPOs tread with caution, and more

Bears have tightened their grip on the market, with the National Stock Exchange Nifty50 declining nearly 5 per cent in just six trading sessions before seeing a slight recovery on Friday

Market tempest: 60 of top 100 stocks brave stormier seas than Nifty50

Less than 10 stocks stay afloat, over 40 sink by 5%

Market share and margins to take the wheel for Maruti Suzuki India

Volume trajectory to hit the accelerator powered by festival season sales

Sluggish volumes likely to cap upsides in Colgate-Palmolive stock

While the stock is up 44 per cent from its lows in January this year, further gains will depend on its ability to sustain higher growth rates

Brokerages expect revenues to remain under pressure for Asian Paints

Motilal Oswal Research said in its report, "with input costs on the rise, the margin gains in the second half of FY24 are not expected to mirror those seen in the first half of FY24."

Strong profit growth keeps brokerages positive on Torrent Pharma

Led by an 18% y-o-y growth in the domestic formulations segment, which accounts for over half its overall revenues, the company posted 16% growth at a consolidated level

Equity market likely to remain skittish as risks mount, say experts

Experts cite record-high US bond yields, geopolitical uncertainties, and earnings disappointments as key concerns

Downgrades may pressure Voltas stock, QCO norms could impact sales

While most analysts have made EPS estimate downgrades for FY24, quite a few continue to recommend "Buy/ Accumulate" in expectations of strong overall growth through FY26

Near-term sales growth, profitability on fintech giant Paytm's horizon

Revenue was at Rs 2,518.6 crore and payment processing charges were up 6.5 per cent q-o-q and were 54.4 per cent of payments services revenue

BSE shares jump nearly 7% to an all-time high of Rs 1,695 apiece

In October so far, the average daily turnover (ADTV) for BSE Sensex Options has been at Rs 23,616 crore

UltraTech Cement's stock continues to be an attractive proposition

While Q2 was decent despite seasonally weak, higher prices and operating leverage point to better prospects

London stock exchange sees first trading halt in 4 yrs, blue chips spared

Traders said that shares in CRH and Deliveroo were among those not trading on the London market after the incident, which was the first time trading on the LSE had been interrupted since 2019

Indices fall for 3rd day on rising bond yields; Sensex ends 231 pts lower

Rising oil prices are considered a negative for Indian equities as India imports more than three-fourths of its oil requirements

IGL stock slips on Delhi's EV policy, Jefferies, Morgan Stanley downgrade

The slump in the gas distributor's stock rubbed off on peers Mahanagar Gas and Gujarat Gas, while EV-maker Olectra Greentech advanced

Strong domestic demand recovery remains vital for Bajaj Auto stock

On the profitability front, favourable raw material costs and better product mix led to a 260 basis points y-o-y jump in operating profit margins to 19.8 per cent

Trust MF ropes in Mihir Vora as CIO; IRM Energy IPO subscribed 4.36 times

The initial public offering (IPO) of city gas distribution company IRM Energy was subscribed 4.36 times on the second day of the offer

HDFC Securities sees BSE sustaining 3 times gains on derivatives boost

Shares of BSE on Thursday closed at a new record high of Rs 1,545, with a gain of 3.85 per cent over its previous close