Page 35 - Indian Markets

Dredging Corporation surges 14%, hits over 4-year high on solid Q1 results

The company said that they are aiming at a record highest turnover of Rs 1,200 crore for FY24

Sensex ends 267 pts up; Adani Group stocks shine; Jio Fin dips 5% on debut

CLOSING BELL ON AUGUST 21, 2023: The NSE Nifty 50 ended with a gain of 84 points at 19,394. Jio Financial Services settled at the 5 per cent lower circuit on debut on Monday.

Here's why Adani Power, Adani Energy shares rallied up to 16% in 3 days

In the past three trading days, Adani Energy Solutions and Adani Power have rallied more than 12 per cent after promoter and foreign portfolio investors (FPI) bought stake via open market

Bharat Forge hits 52-week high as arm secures order worth Rs 850 crore

In an exchange filing on August 21, the company said that Kalyani Strategic Systems, Bharat Forge's wholly-owned subsidiary bagged two export orders to be executed over 18 months timeline

Data Patterns rallies 9% to hit record high on strong order book position

The government's focus on liberalising foreign investment restrictions to achieve self-reliance under the 'Atmanirbhar Bharat' initiative is expected to keep the sector on a strong growth trajectory

PNB Housing Finance jumps 8% on recovery of Rs 784 crore corporate NPA

So far this calendar year, the stock has rallied 56 per cent, as against a 6 per cent rise in the S&P BSE Sensex

Erratic monsoon may halt tractor stocks' rally in near-term: Analysts

Analysts believe the on-going rally across tractor stocks may face headwinds from spatial distribution of monsoon across the country, which could keep sentiments in check

Sula Vineyards jumps 4% as wine tourism clocks record revenue over weekend

So far this calendar year, the stock of this wine producer has surged 54 per cent, as against a 7 per cent rise in the S&P BSE Sensex

Mkts slip on Fed rate hike talk; Sensex falls 388 pts, lowest since June 30

On Wednesday, Fitch Ratings said it may reconsider China's sovereign credit score and extend its balance sheet to support the economy

San Diego-based biotech company Illumina bets on India for growth

While Illumina is reducing its workforce in the US, it plans to hire in India, where it currently employs only 30 people

Market to see a period of consolidation, says Kotak Institutional Equities

The brokerage said the market may find support from stable global interest rates over the next 2-3 quarters, given the sharp fall in headline inflation in the US

Stock of this defence company has zoomed 110% in 6 weeks on strong outlook

Thus far in the calendar year 2023, the stock price of Zen Technologies has skyrocketed 372 per cent, as compared to 7 per cent rise in the S&P BSE Sensex.

ITC rises 2% in a weak market as brokerages give thumbs up to Q1 results

The company clocked 16.2 per cent year-on-year (YoY) rise in consolidated net profit to Rs 5,104.9 crore in Q1FY24

Regulator Sebi proposes easier norms for voluntary delisting mechanism

Expert group recommends fixed-price, lower threshold as alternatives to reverse book building

SpiceJet flies 13% as it clocks net profit of Rs 205 crore in Q1FY24

The company registered net profit at Rs 205 crore in the June ended quarter (Q1FY24), as against net loss of Rs 789 crore, in the year-ago period.

Garden Reach Shipbuilders & Engineers soars 13% on strong Q1 results

Analysts at ICICI Securities expect execution to remain healthy over the next two years, led by execution of orders in hand

Avantel soars 17%, hits new high as stock trades ex-stock split

Avantel said that the rationale behind the split is to enhance liquidity in the capital market, widen shareholder base, and make shares more affordable to small investors.

Sebi to focus on tech, plans Geotagging to boost enforcement activities

Capital markets regulator Sebi is betting big on technology, as it plans to implement a Geotagging solution in the current financial year to strengthen the process of its enforcement activities. While focussing on technology, Sebi said it plans to undertake various projects to boost its information technology (IT) capacity and build a "fault-tolerant" architecture. The move is aimed at further enhancing its technological and cybersecurity capability, and to better serve its stakeholders. "In the coming year, Sebi plans to implement a Geotagging Solution to strengthen the process of its enforcement activities," the regulator said in its annual report for 2022-23. Geotagging is the process of adding geographical information usually in the form of latitude and longitude coordinates to various media such as photos, videos, etc. The project intends to implement geotagging technology-based mobile application solutions, which help the market regulator to take necessary photos or videos a

AIF commitments inch to Rs 8.5 trillion in June quarter, shows data

Between April to July, Sebi received 55 applications for AIF registrations

TECNO eyes 7% market share in 2023, aims to be among top 5 next year

Mobile devices maker TECNO plans to corner a 7 per cent market share in the Indian smartphone market by the end of this year and be among the top five players next year, a senior company official said on Friday. TECNO Mobile, which is owned by China-based Transsion, earlier focussed on affordable and medium-range smartphones but it has now entered into premium and ultra-premium segment this year which has been a high growth segment across the industry. "We are looking to close a 7 per cent market share by the closing of this year and we aim to feature in top 5 players by the next year. We will strengthen our portfolio in the price range of Rs 6,000 to Rs 1 lakh with a product for everyone," TECNO Mobile India CEO Arijeet Talapatra said. He was speaking on the sidelines of the company's annual event, 'World of TECNOlogy' after unveiling the POVA 5 series and MEGABOOK laptop on its inaugural day. "POVA is the online exclusive sub-brand of Tecno which is targeted toward the digital ..