Page 36 - Market News

Sonata Software plunges 15% on Q4 performance; profit declines 31% in FY24

Sonata Software, an IT firm, reported a 3 per cent year-on-year decline in net profit to Rs 110.36 crore for the fourth quarter ending March 2024, compared to Rs 113.77 crore in March 2023

SBI Q4 preview: Profit may fall up to 38% YoY on higher opex, say analysts

SBI Q4 results preview: Analysts' net profit estimates vary in the range from Rs 10,432 crore to Rs 14,743 crore

Indian govt bond yields seen rangebound as traders await fresh cues

Yields declined on Monday tracking a drop in US yields, as traders turned optimistic on the Federal Reserve's rate cuts during the year after weaker-than-expected April nonfarm payrolls data

Stocks to watch on May 8: IRB Infra, IGL, Sonata Software, IDBI Bank, SJVN

Stocks to watch on May 8, 2024: IRB Infrastructure Developers on Tuesday reported a 45 per cent rise in consolidated net profit to Rs 188.87 crore for the March 2024 quarter

NSE to run special trading session on May 18 with disaster recovery switch

The special live trading session will have intra-day switch over from primary site to disaster recovery site

Plant-based speciality firm Sanstar gets Sebi's nod to float IPO

Plant-based speciality products company Sanstar Ltd has received Sebi's go-ahead to float an initial public offering, an update with the markets regulator showed on Tuesday. The proposed initial public offering (IPO) comprises a fresh issue of 4 crore shares and an Offer For Sale (OFS) of up to 80 lakh shares by its promoters and promoter group selling shareholders, according to the draft red herring prospectus (DRHP). According to market sources, the IPO size is expected to be Rs 425-500 crore. Also, the company may consider a pre-IPO placement of up to 40 lakh equity shares. If such placement is completed, the fresh issue size will be reduced The Ahmedabad-based company, which filed its draft IPO papers with Sebi in January this year, obtained its observations on April 30, as per the update. In Sebi's parlance, obtaining observations means its go-ahead to float the public issue. Going by the draft papers, proceeds from the fresh issue will be utilised to fund the capital expend

Macrotech Developers to launch 17 housing projects worth Rs 12K crore

Macrotech Developers will launch in this fiscal 17 housing projects, having a revenue potential of Rs 12,000 crore, to boost its sale bookings that hit a record in 2023-24 riding on strong demand. According to an investors presentation, Macrotech Developers-- which markets its properties under Lodha brand -- will launch 10 new projects and 7 new phases in existing residential projects during 2024-25 across Mumbai Metropolitan Region (MMR), Pune and Bengaluru. The total area to be launched is estimated at 10.1 million square feet with an estimated gross development value (GDV) of Rs 12,100 crore. However, the company said the guidance for launch pipeline of this fiscal might shoot up as it might acquire more land parcels and be able to launch in this financial year itself. Even during FY24, Macrotech Developers cited that the company launched projects worth Rs 18,000 crore as against the guidance of Rs 13,000 crore. Macrotech Developers, one of the leading real estate developers in

Gold price climbs Rs 10 to Rs 72,060, silver rises Rs 100 to Rs 84,100

The price of 22-carat gold also inched up by Rs 10, with the yellow metal selling at Rs 66,060

Q4 Results Preview: Lupin may see strong topline, bottomline growth

Indian pharmaceutical major Lupin is set to witness a strong financial earnings on a year-on-year (Y-o-Y) basis for the fourth quarter of the financial year 2023-24 (Q4FY23)

Gold falls Rs 10, silver down Rs 100; yellow metal trading at Rs 71,820

The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 65,840

Bajaj Finance, YES Bank, Mazagon Dock among 6 buzzing stocks to watch today

Stocks to Watch on May 3, 2024: The Reserve Bank of India (RBI) has lifted restrictions on Bajaj Finance's two products 'eCOM' and online digital 'Insta EMI Card', with immediate effect

Analysts recommend buying these 3 finance stocks, see up to 25% upside

REC Limited and Power Finance Corporation have soared up to 10 per cent each in the last 30 days on the NSE

Lowering prices to weigh down earnings of Indian API players in near term

According to the brokerage, prices of APIs such as Paracetamol, Azithromycin, Montelukast, and Meropenem, have all declined in the range of 10-30 per cent over the last one year

Godrej group splits after 127 yrs: What it means for listed Godrej stocks?

Godrej Group stocks: Most Godrej group stocks have performed well thus far in calendar year 2024 (CY24). Godrej Properties has been the top performer with a near 32 per cent rise in CY24

Why Adani Total Gas, Adani Power, Adani Wilmar will be in focus on May 2

Stocks to Watch on Thursday, May 2, 2024: Adani Power has reported a 48 per cent Y-o-Y fall in consolidated net profit at Rs 2,737 crore for the quarter ended March, 2024

Stocks to Watch, May 2: Tata Motors, Wipro, Vedanta, Jindal Stainless, BSE

Stocks to Watch on Thursday, May 2, 2024: Vedanta is looking to invest $20 billion in India across all its business over the next four years

Deal valuations weigh on Apollo Hospitals Enterprise, stock declines

Funds are to be utilised for growth capital in AHL, to pay for the Rs 890 cr of the Rs 1290 cr slump sale consideration owed to AHEL, and acquisition of an 11.2 per cent stake in Keimed for Rs 730 cr

Markets slide after fresh record highs; Sensex ends 188 points lower

Investors are concerned that the Fed may stick to its hawkish messaging. Analysts expect Fed Chair Jerome Powell to bolster expectations about interest rates staying higher for longer

Stock Market Highlights, April 30: Benchmarks sink in fag-end; Sensex drops 189 pts

Stock market Update on Tuesday, April 30: Q4 results, US Fed meet and trading holiday to weigh on investor sentiment; Gift Nifty hints at a quiet start.

Stocks to Watch, April 30: Poonawalla Fin, JNK India, KEC, M&M, Tata Chem

Stocks to Watch today, April 30, 2024: JNK India stock is set to debut on the bourses on April 30. Its issue price has been fixed as Rs 415, and grey market suggests a listing gain of 30 per cent