Page 183 - Market Trends
Nifty FY24 earnings growth at 20% to outperform most Asian peers: Jefferies
Among sectors, Jefferies expects the consumer discretionary and staples sectors to see a margin expansion of 2.4 / 0.7ppt in FY24.
 "Nifty FY24 earnings growth at 20% to outperform most Asian peers: Jefferies")
PNC Infra surges 6% amid reports of KKR unit eyeing its road assets
KKR's roads Highways Infrastructure Trust is in talks to acquire a portfolio of 12 road projects from the company for an enterprise value of about Rs 9,000 crore.
 "PNC Infra surges 6% amid reports of KKR unit eyeing its road assets")
Axis Bank trades firm after 22.5 mn shares change hands on NSE
Around 22.5 million shares representing 0.74 per cent of total equity of Axis Bank changed hands on the NSE in pre-opening deals.
 "Axis Bank trades firm after 22.5 mn shares change hands on NSE")
Stocks to Watch today, June 15: Axis Bank, Infy, TCS, IOC, realty, Zee, REC
Stocks to watch on June 15, 2023: Shares of IT companies are likely to be in focus on Thursday after JP Morgan reiterated its negative stance and downgraded the sector to underweight.
 "Stocks to Watch today, June 15: Axis Bank, Infy, TCS, IOC, realty, Zee, REC")
KEI Industries zooms 52% thus far in CY23 on strong financial performance
In the years to come, multiple factors will boost growth of Cables & Wires and open up an avenue of possibilities for the industry.
 "KEI Industries zooms 52% thus far in CY23 on strong financial performance")
Analysts see over 18% upside in Tata Motors; here's why
Brokerages have retained 'Buy' rating on Tata Motors post the recent JLR investor day meet.
 "Analysts see over 18% upside in Tata Motors; here's why")
CDSL tumbles 6% after over 5% equities change hands on NSE via block deals
Till 09:56 am; around 7.7 million shares, which represented 7.4 per cent of total equity of CDSL changed hands on the NSE, exchange data shows
 "CDSL tumbles 6% after over 5% equities change hands on NSE via block deals")
KEC International surges 6% to hit 52-week high on Rs 1,373-crore order win
The company is witnessing a good traction in the tower supply orders, especially in North America, the management said.
 "KEC International surges 6% to hit 52-week high on Rs 1,373-crore order win")
Ahluwalia Contracts soars 10% on winning work order worth Rs 427 crore
The order inflow during the current FY 2023-24 stands at Rs 4,177.83 crore till date, the company said.
 "Ahluwalia Contracts soars 10% on winning work order worth Rs 427 crore")
Trent rallies 5%, hits all-time high on healthy growth outlook
Thus far in the current calendar year 2023, the stock price of Trent has rallied 25 per cent, while in past one year it surged 53 per cent.
 "Trent rallies 5%, hits all-time high on healthy growth outlook")
Inox Wind Energy soars 19% on board's nod for merger with Inox Wind
The board approved swap ratio for the merger - around 158 equity shares of Inox Wind will be issued for every 10 equity shares of Inox Wind Energy
 "Inox Wind Energy soars 19% on board's nod for merger with Inox Wind")
Stocks to Watch today, Jun 13: HDFC, Airline, Zee, Patanjali, EIL, HeroMoto
Stocks to watch on June 13, 2023: Shares of airline company are likely to be in focus on Tuesday after the DGCA eased norms to launch new overseas destinations.
Maha Seamless hits new high, up 5% as firm prepays loan to turn debt free
The company made voluntary prepayment of outstanding long term loan of Rs 234 crore on June 09, 2023. The stock has zoomed 53 per cent so far this year.
 "Maha Seamless hits new high, up 5% as firm prepays loan to turn debt free")
Stock of this IT enabled services firm has zoomed over 100% in 7 weeks
Shares of Datamatics Global Services (DGSL) hit a new high of Rs 609.20, surging 12 per cent on the BSE in Monday's intra-day trade.
El Nino biggest immediate risk for the markets; not priced in yet: Analysts
Less-than-expected rainfall and a poor spatial distribution, experts say, can rekindle fears of a rise in food and fuel inflation that can have an impact on the RBI's monetary policy.
 "El Nino biggest immediate risk for the markets; not priced in yet: Analysts")
Go Fashion slips 5% after over 10% equity change hands on NSE
According to reports, the Indian arm of US venture capital firm Sequoia Capital was planning to sell 10 per cent stake in Go Fashion (India) worth Rs 625 crore on Monday in block deals.
 "Go Fashion slips 5% after over 10% equity change hands on NSE")
Stocks to Watch today, June 12: SpiceJet, IOC, Go Fashion, BoI, Concor
Stocks to watch on June 12, 2023: Indiabulls Housing Finance, Indian Energy Exchange (IEX) and India Cements are the three stocks in F&O ban period on Monday.
 "Stocks to Watch today, June 12: SpiceJet, IOC, Go Fashion, BoI, Concor")
IEX plunges 15%, hits 52-week low amid market coupling worries
According to media reports the Power Ministry has directed the Central Electricity Regulatory Commission (CERC) to implement the process of market coupling in a timely manner.
 "IEX plunges 15%, hits 52-week low amid market coupling worries")
Aether Inds soars 10% on inking pact with US-based Oil Field Services firm
The company executed Letter of Intent (LoI) with USA based leading global Oil Field Services Company for strategic supplier and contract manufacturing partnership.
BSE Power index gains 2% on hopes of higher demand; NTPC hits 5-year high
Ratings agency ICRA said the likelihood of El Nino in FY24 may have a positive impact on electricity demand.
 "BSE Power index gains 2% on hopes of higher demand; NTPC hits 5-year high")