Page 38 - Indian Markets

UBS 'double upgrades' Gail India to buy; sees 25% upside in the stock

At the bourses, the stock surged over 3 per cent in intra-day deals to Rs 122.7 on the BSE on Monday. In comparison, the S&P BSE Sensex traded flat at around 66,245 levels

Sensex up 367 pts, Nifty holds 19,750; metal, IT stocks shine; FMCGs slide

Closing Bell on July 31: NTPC, Power Grid, Tata Steel, TCS, Tech M, JSW Steel, Maruti Suzuki, Tata Motors, Wipro, Bajaj Finserv, Infosys, HCL Tech, and IndusInd Bank were the top gainers

Welspun India soars 13%, hits 52-week high on 7x YoY jump in Q1 PAT

So far this calendar year 2023 (CY23), the stock has rallied over 45 per cent, as against an 8 per cent jump in the S&P BSE Sensex

Acid test for specialty chemical cos: Mix of weak demand, low realisations

Caustic Reaction: Sector expected to underperform as brokerages slash profit estimates

Competition for market share intensifies among cement companies in Q1

For the June-23 ended quarter, Dalmia Cement reported a 12.4 percent rise in cement volumes from a year ago

High cotton prices, dull demand to keep textile stocks in check: Analysts

With cotton prices at home on the higher end versus global markets, analysts believe that the disparity is affecting India's global competitiveness in the near-term

Foldable devices market to grow 4x by 2025 in ultra-premium segment: Report

Foldable smartphones market share in the ultra-premium segment, priced above Rs 45,000 apiece, is expected to grow more than four times to 35 per cent in India, Counterpoint Research said on Friday. Foldable smartphones market share in the first half of 2023 stood at about 8 per cent, the market research firm said. "In 2023 (till June), Foldables constituted 8 per cent of ultra-premium (over Rs 45,000) Android smartphone shipments, a number projected to surge to 35 per cent by the end of 2025," Counterpoint Research said in a report. According to the research firm's estimate India's Foldable Smartphone accounts for only about 1 per cent of the overall mobile market in India. The report said clamshell smartphones among the foldable designs are particularly favoured by female users, accounting for 82 per cent of total foldable shipments in the first half of 2023 due to their affordability. "Localisation of manufacturing, exemplified by flagship devices like Samsung Z Fold 5 and Flip

Sensex trims losses, ends 107 pts down; Nifty below 19,650; NTPC soars 4%

CLOSING BELL ON JULY 28, 2023: NTPC and PowerGrid were the major gainers among the Sensex 30 stocks, while Bajaj Finserv and HDFC Bank declined up to 2 per cent on Friday.

BEL hits record high on strong Q1 results; stock up 32% so far in 2023

The state-owned company saw 12.5 per cent YoY revenue growth to Rs 3,446 crore in Q1FY24, whereas total expenses climbed 9.4 per cent YoY to Rs 2,948 crore

Maruti Q1 revenue likely to be flat QoQ; high RM costs may contract margins

On the bourses, shares of Maruti Suzuki surged 16 per cent so far this calendar year (CY23), as against a 9 per cent jump in the S&P BSE Sensex

Intellect Design soars 15% as total income rises 19% YoY in Q1FY24

So far this calendar year (CY23), Intellect Design has rallied 47 per cent, as against 9 per cent jump in the S&P BSE Sensex

Sensex drops 440 pts on Thursday; Nifty ends July F&O series 3.6% higher

CLOSING BELL ON JULY 27, 2023: Sectorally, auto and energy shares bore brunt of the selling, while pharma and realty stocks ended with smart gains on Thursday.

Tech Mahindra falls 5% as Q1 disappoints Street; brokerages turn cautious

In the recently concluded quarter, the company's revenue declined 4.1 per cent quarter-on-quarter (QoQ) to Rs 13,159 crore, as against Street estimate of flat QoQ growth

Nestle India cracks 3% as Q2 volume growth came below Street estimates

So far this calendar year, Nestle India has gained over 16 per cent, as against a 9 per cent surge in the S&P BSE Sensex

Sensex snaps 3-day losing streak, ends 351 pts up; L&T, RIL, ITC shine

CLOSING BELL ON JULY 26, 2023: The NSE Nifty rallied 98 points to 19,778; IT and bank stocks gained ground, while M&M and Bajaj twins slipped on Wednesday.

Sensex ends flat in choppy trade; Metals gain; Asian Paints dips 4%, ITC 2%

CLOSING BELL ON JULY 25, 2023: The NSE Nifty ended 8 points higher; Tata Steel and JSW Steel were the major gainers on Tuesday.

L&T Q1 preview: Buyback, special dividend and other things to know

So far in this calendar year (CY23), shares of L&T surged 24 per cent, as against 9.1 per cent gain in the S&P BSE Sensex

Sensex falls for 2nd day, slips 299 pts; ITC sheds 4%; auto stocks gain

CLOSING BELL ON JULY 24, 2023: The NSE Nifty ended with a loss of 73 points; Reliance down 2% was the other major laggard on Monday.

JLR volumes may aid Tata Motors Q1 margins; demand outlook eyed: Analysts

So far this calendar year (CY23), shares of Tata Motors jumped 61 per cent, as against a 9.6 per cent surge in the S&P BSE Sensex

PSU shares in demand: SJVN, NHPC, RVNL, RITES hit fresh lifetime highs

At 12:45 pm; the S&P BSE PSU and S&P BSE CPSE index were up 1 per cent each, as against 0.10 per cent decline in the S&P BSE Sensex.