Page 49 - Stock Market Today

Amid global worries, domestic demand some cushion for metal companies

Sequentially, margins are expected to contract in the first quarter (Q1) of 2023-24 financial year (FY24) versus Q4 FY23

Hazy business outlook clouds LTIMindtree's double-digit growth plan

Orders remained robust while Q1 margins came in line with estimates

Defence order wins, market share gains positive for Ashok Leyland

Muted sequential Q1 performance may cap near-term upsides

Limited spirits: Higher taxes, competition weigh on liquor stocks

United Spirits is expected to post an overall 11 per cent decline in revenues in Q1 FY24

IT stocks log biggest gain in nearly three years as growth worries ebb

Nifty IT index jumps 4.5%; Bellwether TCS leads the gain

Shares of Senco Gold surge 28% during stock market debut on Friday

The stock hit a high of Rs 444 and a low of Rs 401 on the BSE

Strong order book, diversified portfolio drive Street's confidence in TCS

The positive from TCS' point of view, which reported flat sales growth QoQ, was the strong order book which topped the $10.2-billion mark

Strong order pipeline positive for listed shipyards; prospects 'promising'

Upsides higher on Cochin Shipyards and Garden Reach Shipbuilders than Mazagon

Life insurance stocks up on decent growth prospects in first quarter

But analysts' target prices suggest limited upside in HDFC Life and ICICI Pru Life, and between 15-20 per cent for SBI Life, Max Life and LIC

With a pause in rate hikes, NBFCs, like banks, are in a sweet spot

RBI's pause in interest rate hikes and a continuation of the revival of private consumption would boost NBFCs in the first quarter (Q1) FY24

Dream debut: Shares of EMS provider Cyient DLM gain 59% on Day 1

Cyient DLM's key clients include Honeywell International, ABB, and Bharat Electronics

After strong Q1 performance, outlook remains robust for Titan Company

But valuations rich after the run-up in the last three months

Valuations factor in bright prospects for BHEL; order book on positive side

Management guidance was that demand for coal-based thermal power has picked up due to higher demand for power

Nifty50 gains for eighth consecutive trading session, up 99 points

The Sensex last closed at 65,786, up 340 points, or 0.5 per cent

New launches power Hero, Bajaj Auto stocks into gains, Eicher drags

The price point of the new bikes is similar to RE's top-selling Classic 350 but have more power and torque

Street gives thumbs up to Bajaj Finance's strong Q1 biz update, stock up 7%

Though most analysts are bullish on the stock, their average target price indicates that near-term positives are well captured

Demand revival hopes, lower costs driving optimism for UltraTech Cement

While India's largest cement maker is adding capacities to gain market-share, margins are also seen improving

A crystal-ball gaze into second half of calendar 2023's fortunes

HEARD ON THE STREET: Persist, pivot or pause? All eyes on Fed and central banks as brokerages turn market psychics

$7.5 bn derivative trade shifts to India as SGX feud comes to end

SGX Nifty, the Singapore Exchange Ltd.-traded futures on India's key equity NSE Nifty 50 Index, will be known as GIFT Nifty from July 3, and all outstanding orders will be transferred to the GIFT City

Aditya Birla AIF mops up Rs 893 cr commitment; NDR files for Rs 1k-cr InvIT

Aditya Birla Sun Life Mutual Fund garnered a commitment of Rs 893 crore for its India Equity Services Fund