Page 187 - Market Trends
BSE Realty index hits 8-month high; Mahindra Lifespace, DLF soar up to 7%
Since April, in past one-and-half months, the S&P BSE Realty index has rallied 21 per cent, as compared to 5.8 per cent rise in the S&P BSE Sensex.
 "BSE Realty index hits 8-month high; Mahindra Lifespace, DLF soar up to 7%")
Lupin extends gain, hits 52-wk high post Q4 results; surges 20% in 1 month
Analysts believe the stock is factoring margin recovery and certain niche launches in the US.
 "Lupin extends gain, hits 52-wk high post Q4 results; surges 20% in 1 month")
Adani Group shares trade weak in a firm market; decline up to 5%
In past two days, stock price of Adani Transmission and Adani Total Gas dipped 7 per cent and 9 per cent, respectively, after Global index provider MSCI dropped these stocks from its India index.
 "Adani Group shares trade weak in a firm market; decline up to 5%")
DLF rallies 5%; hits multi-year high on healthy March quarter results
The company reported 40 per cent YoY growth in consolidated net profit at Rs 581 crore for the January-March quarter, driven by strong margins and revenue mix.
 "DLF rallies 5%; hits multi-year high on healthy March quarter results")
Avenue Supermarts slips 5% on subdued Q4 operational performance
Lower consumer spending in General Merchandise and Apparel continues and has impacted the margin mix downwards, the company said.
 "Avenue Supermarts slips 5% on subdued Q4 operational performance")
Tata Motors surges 4%; hits over 6-year high on strong Q4 earnings
On FY24 outlook, Tata Motors said it remains optimistic on demand despite near term uncertainties while anticipating moderate inflation.
 "Tata Motors surges 4%; hits over 6-year high on strong Q4 earnings")
Short-term trend remains bullish for Nifty; resistance likely around 18,500
According to Ravi Nathani, an independent technical analyst, one can look to 'Book Profits on rise' as the Nifty 50 index is expected to face resistance in the 18,450 - 18,500 range.
 "Short-term trend remains bullish for Nifty; resistance likely around 18,500")
Siemens hits record high; up 3% on posting 39% jump in Q4 net
The company reported 38.7 per cent YoY growth in Q4FY23 net profit at Rs 471.80 crore, backed by 28.6 per cent rise in revenue at Rs 4,974.40 crore.
 "Siemens hits record high; up 3% on posting 39% jump in Q4 net")
Zensar Technologies soars 10% to hit 52-week high on strong Q4 results
For the entire fiscal year (FY22-23), operating revenues jumped 14.2 per cent YoY to Rs 4,848 crore for the IT company, whereas gross profit gained 2 per cent to Rs 1,348 crore
 "Zensar Technologies soars 10% to hit 52-week high on strong Q4 results")
MSCI rejig impact: Adani Total Gas, Adani Transmission dip 5%; Max soars 6%
Among the new additions to the MSCI Small Cap index, KFIN Technologies, Syrma SGS Technology and Ujjivan Small Finance Bank have rallied up to 6 per cent.
 "MSCI rejig impact: Adani Total Gas, Adani Transmission dip 5%; Max soars 6%")
Eicher Motors soars 7% in a weak market on solid Q4 perforance
F&O View: Options data suggest likely resistance for the stock in the range of Rs 3,670 - 3,750; Support Rs 3,500 - Rs 3,550.
 "Eicher Motors soars 7% in a weak market on solid Q4 perforance")
Dr Reddy's Labs sinks 7% on disappointing Q4 operating performance
In Q4, the company's North America's revenue declined 17 per cent QoQ to Rs 2,530 crore, due to fluctuations in demand for new launches.
 "Dr Reddy's Labs sinks 7% on disappointing Q4 operating performance")
Adani Group shares in focus on fund raising plan; Adani Enterprises up 4%
The board will consider raising funds by way of issuance equity shares or other eligible securities through a private placement, a QIP, or a preferential issue, among others.
 "Adani Group shares in focus on fund raising plan; Adani Enterprises up 4%")
Capacite Infra surges 21% in three days on winning Rs 224 cr Raymond order
Last month, the company had received order worth Rs 478.08 crore from Godrej Residency for construction of residential towers in Mumbai.
 "Capacite Infra surges 21% in three days on winning Rs 224 cr Raymond order")
Varun Beverages joins Rs 1 trillion m-cap club; zooms 108% in 11 months
At 10:43 AM; with a market cap of Rs 1.02 trillion, VBL claimed the 48th spot in the overall market cap ranking, the BSE data shows.
 "Varun Beverages joins Rs 1 trillion m-cap club; zooms 108% in 11 months")
Stock of this iron & steel products company has zoomed 102% in six weeks
Till 02:48 PM; a combined 9.8 million equity shares or 6.5 per cent of total equity of the company changed hands on the NSE and BSE.
 "Stock of this iron & steel products company has zoomed 102% in six weeks")
BSE Midcap index nears 52-week high; outperforms Smallcap, Sensex
ABB, Alkem Lab, AU SFB, Cholamandalam Investment, Glenmark Pharma, IDFC First Bank, IGL, Indian Hotels, M&M Financial and Varun Beverages (VBL) hit their respective 52-week highs on the BSE.
 "BSE Midcap index nears 52-week high; outperforms Smallcap, Sensex")
Apar Industries slips 18% on profit booking posts Q4 results
In past one year, the stock zoomed 341 per cent, as against 14 per cent rise in the S&P BSE Sensex.
 "Apar Industries slips 18% on profit booking posts Q4 results")
Should you subscribe to Nexus Select REIT IPO? Here's what brokerages say
On Tuesday, shares of Nexus Select enjoyed a premium of Rs 5 in the grey market, which translated to a likely listing price of Rs 105 apiece on the upper price brand
 "Should you subscribe to Nexus Select REIT IPO? Here's what brokerages say")
Mahanagar Gas hits 52-week high; soars 7% on margin improvement in Q4
The board recommended a final dividend of Rs 16 per equity share having face value of Rs 10 each (i.e. 160 per cent) for FY23.
 "Mahanagar Gas hits 52-week high; soars 7% on margin improvement in Q4")