Page 45 - Indian Markets

Mankind Pharma IPO subscribed 8% so far on Day 1; GMP down 30% in 10 days

The Rs 4,326-crore public issue's price band is set in the range of Rs 1,026-1,080 per share. The issue will close on Thursday, April 27

Maruti Suzuki Q4 preview: Price hikes to lift revenue, margin, say analysts

According to brokerages, Ebitda (earnings before interest, tax, depreciation, and amortisation), is expected to outpace top-line growth, rising up to 22.4 per cent QoQ to Rs 3,466 crore in Q4FY23

Stocks to watch: Bajaj Auto, Nestle India, Nykaa, IndusInd Bank, Welspun

Stocks to watch today: From Bajaj Auto to Nestle India, here are top stocks to watch in Tuesday's trade

Is Mankind Pharma IPO worth a subscription? Here's what brokerages suggest

In the grey markets, shares of Mankind Pharma enjoyed a premium of Rs 90, which translated to a likely listing price of Rs 1,170 per share on the upper price band

Raw material inflation may dent Nestle India's Q1CY23 margins YoY: Analysts

Nestle India Q1CY23 preview: While Indian business is likely to report double-digit revenue growth on a YoY basis, the international business is estimated to grow in mid-single digits, said analysts

Weak export mix, volume may hit Bajaj Auto Q4 revenue QoQ: Analysts

Bajaj Auto Q4 preview: Analysts estimate flat input cost assumption, and lower operating leverage will weigh on EBITDA and EBITDA margins in Q4FY23

Stocks to watch: RIL, ICICI Bank, YES Bank, Hindustan Zinc, Sun Pharma

Stocks to watch today: From Reliance Industries to ICICI Bank, here are top stocks to watch in Monday's trading session

Indian markets may correct, provide better entry points: Ritu Arora

India remains the most expensive equity market in the region and amongst the most expensive globally, says Ritu Arora, Asia CEO at Allianz Investment Management

Zerodha makes largest-ever referral payout, amount not revealed

Firm claims it has acquired nearly a fourth of its customers through its referral programme

India market's share in Ericsson's global net sales jumps to 11%

Indian market's contribution to Swedish telecom gear maker Ericsson's global net sales rose by 9 percentage points to 11 per cent in the January-March quarter of 2023 compared to the year-ago period. Ericsson India contributed 2 per cent to the global net sales in January-March 2022. The Swedish firm on Tuesday posted a 14 per cent year-on-year growth in net sales to 62.6 billion Swedish Krona (SEK) in March 2023 quarter from 55.1 billion SEK. With 11 per cent contribution, Ericsson India revenue during the reported stands at around Rs 5,600 crore. "In market area South East Asia, Oceania and India, sales adjusted for comparable units and currency increased by 132 per cent YoY primarily driven by 5G market share gains in India as well as timing of project milestones in the Philippines and Malaysia," Ericsson said. Net sales of Ericsson plunged by 20 per cent in North East Asia and 18 per cent in North America. Ericsson Networks sales, which account for 68 per cent of total sales,

China's uncertain reopening prompts Malaysia Air to target Indian market

Malaysia Airlines will operate 60 flights a week to South Asia this year, compared with just 27 services to China

Shares of Avalon Tech slump more than 9% on debut, end at Rs 396.3

The firm's Rs 865-crore IPO-the biggest this calendar year-had garnered subscription of little over two times

FPIs begin FY24 on a positive note; invest Rs 8,767 cr in Indian equities

Going forward, FPIs flow is expected to remain volatile, given the tight monetary policy of the US Federal Reserve

Inflation data, earnings, global cues to guide market this week: Analysts

WPI inflation data for March, quarterly earnings, global trends and foreign fund trading activity are major factors that will drive equity markets this week, analysts said. Investors would also focus on the movement of crude oil prices and the trend in the rupee against the US dollar. Wholesale Price Index (WPI) inflation data for March would be released on Monday. "Trend in global markets, domestic and global macroeconomic data, crude oil prices and movement of the rupee against the dollar will dictate the trend this week," said Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd. HCL Technologies, Hindustan Zinc, Tata Coffee and Tata Communications are some of the major firms that will announce their quarterly earnings this week. "Focus will be on earnings and global markets for cues. On the earnings front, participants will first react to Infosys and HDFC Bank's numbers in early trade on Monday," Ajit Mishra, VP - Technical Research, Religare Broking Ltd, .

Sensex rises 235 pts, Nifty tops 17,800 in fag-end; Divis Labs zooms 10%

CLOSING BELL: Among sectors, the Nifty Pharma index leaped over 2 per cent today as India saw over 7,000 fresh cases of Covid-19

Bulls ride on bank stocks to end higher for 7th session; Sensex up 311 pts

CLOSING BELL: The Nifty50 added 98 points to end at 17,722 level

This stock has zoomed over 900% in 3 years, company to mull bonus issue

So far in the calendar year 2023, VSSL surged nearly 40 per cent after the company reported strong operational performance in Q3FY23, due to higher sales of value added products and cost optimisation

Neogen Chemicals surges 5% after it inks pact with Japanese firm MUIS

This acquisition will help Neogen to strengthen its position in the electrolyte market in India.

Stocks to watch: JSW Steel, Cipla, Zydus Life, Kaveri Seed, Kalpataru Power

Stocks to watch today: From Cipla to Zydus Lifesciences, here are top stocks to watch in Tuesday's trading session

Sensex, Nifty end flat after choppy day; financials fall, Godrej Prop up 9%

CLOSING BELL: Bajaj Finance, Asian Paints, IndusInd Bank, ICICI Bank, Nestle India, HUL, Reliance Industries, HDFC Bank, Axis Bank, and SBI were the top laggards on the Sensex index