Page 186 - Market Trends
Sensex, Nifty end flat; Adani shares rally for 3rd day, SpiceJet sinks 14%
Stock market live updates: The SGX Nifty, on Tuesday, indicated a firm start as it quoted 18,359 levels, up 24-odd points
 "Sensex, Nifty end flat; Adani shares rally for 3rd day, SpiceJet sinks 14%")
eMudhra hits new high, zooms 57% in one month post Q4 results
The company said strong growth led by Enterprise Solutions; change in model for Trust Services resulting in diversification and better quality of revenue for trust services.
 "eMudhra hits new high, zooms 57% in one month post Q4 results")
Narayana Hrudayalaya rallies 11% to hit a record high on strong Q4 results
The company reported the highest-ever revenue and profitability in Q4FY23, as well as for FY23, which is attributed to increased patient footfalls along with improvements in speciality and payor mix
 "Narayana Hrudayalaya rallies 11% to hit a record high on strong Q4 results")
Stock of this pharma company has plunged 80% from its record high level
Shares of Gland Pharma tumbled 19 per cent to hit a new low of Rs 872.10 in Monday's intra-day trade, in an otherwise firm market
 "Stock of this pharma company has plunged 80% from its record high level")
Shreyas Shipping zooms 20% as board to mull delisting plan on May 24
The company said delisting proposal will provide the public shareholders an opportunity to realise immediate and certain value for their equity shares.
 "Shreyas Shipping zooms 20% as board to mull delisting plan on May 24")
Siemens dips 10% after board okays sale of low voltage-geared motors biz
In a step to address the fast-growing demand for electric vehicle (EV) charging infrastructure in India, the company signed an agreement to acquire the EV division of Mumbai-based Mass-Tech Controls.
 "Siemens dips 10% after board okays sale of low voltage-geared motors biz")
5 Adani Group stks freeze at 5% upper limit; AWL, Adani Ent surge up to 8%
Shares of Adani Group companies were in demand for the second straight trading day after the SC-appointed panel said that it not possible to conclude that there was a regulatory failure at this stage.
 "5 Adani Group stks freeze at 5% upper limit; AWL, Adani Ent surge up to 8%")
Ramco Cements rallies 8%; hits 52-week high on healthy Q4 volume growth
While long term prospects of profitability look promising, the short term outlook is expected to improve from Q2FY24, Ramco Cements said.
 "Ramco Cements rallies 8%; hits 52-week high on healthy Q4 volume growth")
Datamatics Global Services zooms 71% in one month on robust Q4 results
The management said it expects to see a sustained growth momentum for FY23- FY24, given a decent pipeline of opportunities.
Wipro Share Buyback: Here's how retail investors can benefit
Wipro has approved a Rs 12,000 crore share buyback at Rs 445 per share. Currently, the stock trades at a 16 per cent discount to the buyback price.
 "Wipro Share Buyback: Here's how retail investors can benefit")
Thermax declines 7% as investors book profit post March quarter earnings
The company said that the order book for the year stood at a consolidated level stood of Rs 8,788 crore, as compared to Rs 9,410 crore in FY22, down 7 per cent
 "Thermax declines 7% as investors book profit post March quarter earnings")
Has the correlation between the Nifty IT index and the NASDAQ ended?
The gain in NASDAQ thus far in CY23 was largely fueled by Google, Apple, Amazon, Netflix and Meta Platforms - also known as the FAANG stocks.
 "Has the correlation between the Nifty IT index and the NASDAQ ended?")
Jubilant FoodWorks dips 5% on disappointing March quarter results
The company's sales growth during the quarter, led by footprint addition, but weak like-for-like (LFL), down 0.6 per cent, led to a decline in Ebitda and net profit.
 "Jubilant FoodWorks dips 5% on disappointing March quarter results")
LIC Housing Finance tanks 7% day after reporting Q4 results
The company reported 5.5 per cent growth in Q4 net at Rs 1,180 crore, backed by a 20.8 per cent surge in total income.
 "LIC Housing Finance tanks 7% day after reporting Q4 results")
Bharti Airtel trades firm, up 1% post March quarter results
Strong 4G and postpaid subscriber additions along with healthy FCF generation were the key highlights in Q4.
 "Bharti Airtel trades firm, up 1% post March quarter results")
Engineers India hits over 3-year high; stock surges 45% in 7 weeks
The company is currently working on feasibility projects across multiple hydrocarbon fuels, pipeline and renewable fuels like hydrogen, ethanol and other biofuels.
 "Engineers India hits over 3-year high; stock surges 45% in 7 weeks")
BSE Midcap index hits 52-week high; Astral surges 9% on strong Q4 results
Despite global concerns, the domestic market structure remains positive on the back of healthy macro data, strong earnings, and recent FIIs buying, brokerage firm Motilal Oswal said in a note.
 "BSE Midcap index hits 52-week high; Astral surges 9% on strong Q4 results")
HDFC, HDFC Bank turn ex-date for dividend; shares fall up to 2%
HDFC had declared a dividend of Rs 44 per share, whereas HDFC Bank had announced a dividend of Rs 19 per share.
 "HDFC, HDFC Bank turn ex-date for dividend; shares fall up to 2%")
PVR Inox hits 52-week low; down 4% as Q4 net loss widens to Rs 333 cr
The management believes that the two major factors that marred the industry in FY23 - underperformance of Hindi films and less number of Hollywood releases, will both ease out in FY24.
 "PVR Inox hits 52-week low; down 4% as Q4 net loss widens to Rs 333 cr")
This smallcap pharma company has zoomed 44% in 3 days on strong Q4 results
Since February 2, 2023, the stock price of Neuland Labs more-than-doubled or zoomed 116 per cent from level of Rs 1,409.75
 "This smallcap pharma company has zoomed 44% in 3 days on strong Q4 results")