Page 45 - Stock Market Today

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

London wins back its Europe's largest stock market crown from Paris

London had lost its status as Europe's biggest stock market last November, extending an equity slump that stretched back to Britain's vote to leave the European Union in 2016

Chemical stocks may underperform; brokerages stay cautious on sector

Expectations of weak September quarter results amid high inventory, demand woes and weak realisations have led to the underperformance

Turmoil in West Asia keeps markets on edge, Sensex slips below 66,000

Oil prices climbed 1.2 per cent to nearly $94 per barrel after an explosion at a Gaza hospital jeopardised peace efforts in the Middle East

Attractive valuations make ICICI Prudential Life Insurance a long term buy

However, after a sell-off from disappointed investors, valuations have corrected and the stock may be worth a long-term buy

Investment bankers' fees to manage IPOs jump as issue size shrink in 2023

Industry experts note that the work required for an IPO remains consistent, regardless of the issue size

Grasim Industries' rights issue will strengthen balance sheet, fuel growth

Caustic soda prices may have bottomed out and started to improve from lows and should be higher in Q3FY24

60% of top 500 stocks achieved their 12-month price target set by analysts

"Wherever there is momentum, liquidity is flowing in there, adding further to the momentum," said Ambareesh Baliga, an independent equity analyst

Improving signals for Avenue Supermarts with strong Ebitda, PBT growth

Consensus target price of analysts indicates limited upside; rebound in general merchandise and apparels crucial for margin gains

Markets fall for 3rd day as crude prices surge due to West Asia tensions

The 30-share BSE Sensex declined 115.81 points or 0.17 per cent to settle at 66,166.93

Street Signs: Nifty support seen at 19,600, Buyback cushion for TCS & more

Shares of IRM Energy, a gas distributor, were commanding a grey market premium of close to 13 per cent ahead of its Rs 544 crore initial public offering (IPO)

Weak demand puts a crack on India's leading listed tile makers' prospects

Brokerages trim volume growth estimates, see impact on margins

Higher profitability estimates likely to drive more gains for Zomato

Factoring in better demand for delivery, FY24 overall might have growth estimates for 18 per cent

RBI action may weigh on growth, increase costs for Bank of Baroda

The Q1FY24 data indicates over 90 per cent of savings and current accounts are sourced digitally

LIC's market share drops to 58.5% till September from 68.2% in a year

SBI Life, HDFC Life gains; Life insurers H1 NBP down 13%

MCX shares hit record highs; Krystal Integrated Services files IPO papers

Krystal Family Holdings owns 100 per cent stake in the company

Broader markets witness fresh turbulence amid Israel-Hamas conflict

This was the worst fall for the smallcap index since September 12, when it had tanked over 4 per cent