Page 188 - Market Trends
Kansai Nerolac surges 10% on healthy Q4 earnings; recommends 1:2 bonus
The good growth in infrastructure, core sector as well as automobile and real estate is likely to have a positive effect on the overall demand of paint for the industry in the long run.
 "Kansai Nerolac surges 10% on healthy Q4 earnings; recommends 1:2 bonus")
Sensex recovers 800 pts from Friday's low; key reasons behind the rally
The S&P BSE Sensex recouped 817 points or 1.3 per cent from Friday's low to claim day's high of 61,832, whereas the NSE Nifty index recovered 224 points or 1.2 per cent to hit day's high of 18,279
 "Sensex recovers 800 pts from Friday's low; key reasons behind the rally")
Marico zooms 9% on steady Q4 performance; brokerages upgrade stock
Brokerage firm, Sharekhan has maintained 'Buy' rating on the stock with target price of Rs 645 per share. Prabhudas Lilladher upgrades stock to 'Accumulate'.
 "Marico zooms 9% on steady Q4 performance; brokerages upgrade stock")
Olectra Greentech jumps 10% after net profit rises 52% YoY in Q4
The company is primarily engaged in the manufacturing of electric buses and composite polymer insulators
 "Olectra Greentech jumps 10% after net profit rises 52% YoY in Q4")
Paytm rallies 5% as Q4 loss narrows; Goldman Sachs sets Rs 1,150 target
The company reported a net loss of Rs 168 crore for Q4FY23 as against a net loss of Rs 763 crore in the year ago quarter.
 "Paytm rallies 5% as Q4 loss narrows; Goldman Sachs sets Rs 1,150 target")
CEAT rallies over 5% in weak market on 5-fold jump in Q4 net
The tyre-maker reported 420.7 per cent surge in Q4 net profit to Rs 132.42 crore for the quarter ended March 2023 as against Rs 25.43 crore in the year ago period.
 "CEAT rallies over 5% in weak market on 5-fold jump in Q4 net")
United Breweries hits 52-week low as high RM prices hurt Q4FY23 margins
So far this calendar year (CY23), the stock has crashed over 20 per cent, as against 0.1 per cent rise in the S&P BSE Sensex
 "United Breweries hits 52-week low as high RM prices hurt Q4FY23 margins")
Sundram Fasteners hits new life-time high; gains 5% on solid Q4 earnings
The company's consolidated net profit grew by 19 per cent YoY to Rs 127.47 crore, backed by a 8.1 per cent rise in revenue.
 "Sundram Fasteners hits new life-time high; gains 5% on solid Q4 earnings")
Blue Star rallies 5% on 1:1 bonus plan; 3-fold jump in Q4 net
The company's net profit jumped to Rs 225 crore in Q4FY23 from Rs 76 crore a year ago, aided by profit from sale of freehold land.
 "Blue Star rallies 5% on 1:1 bonus plan; 3-fold jump in Q4 net")
MRF nears 52-week high on healthy Q4 results; stock rallies 8% in 2 days
Analysts at Motilal Oswal Financial Services (MOFSL) said that MRF's Q4FY23 performance surprised positively as lower raw material costs boosted Ebitda margin to 14.7 per cent
 "MRF nears 52-week high on healthy Q4 results; stock rallies 8% in 2 days")
Time to book profit now; buy when Nifty hits 16,000: BofA Securities
The foreign brokerage firm expects Nifty to drop to 16,000 levels as they foresee global slowdown, volatile commodities, peak urban demand/slow rural revival as some of the risks for earnings.
 "Time to book profit now; buy when Nifty hits 16,000: BofA Securities")
ABB India hits new high on strong Q1 results; stock up 33% so far in 2023
ABB's order inflows came at Rs 3,125 crore, up 36.4 per cent year-on-year (YoY) with order backlog of Rs 7,170 crore, which was up by 37.1 per cent, YoY.
 "ABB India hits new high on strong Q1 results; stock up 33% so far in 2023")
Charts show near-term resistance for Nifty Auto, Nifty FMCG; here's why -
Nifty Auto, and Nifty FMCG indices are likely to face resistance in the near-term, hence the best trading strategy to adopt is to sell-on-rise, said the technical analyst
 "Charts show near-term resistance for Nifty Auto, Nifty FMCG; here's why -")
Gravita India hits 52-week high; up 11% on huge volume day after Q4 results
A combined 2.2 million equity shares representing 3.1 per cent of total equity of Gravita India had changed hands in intra-day deals on the NSE and BSE.
 "Gravita India hits 52-week high; up 11% on huge volume day after Q4 results")
CPSE index nears record high after six years; RVNL zooms 125% since March
In the past one month, CPSE index has outperformed the market by surging 7 per cent, as compared to 3.4 per cent rise in the S&P BSE Sensex.
 "CPSE index nears record high after six years; RVNL zooms 125% since March")
IndiGo, SpiceJet rally up to 8% as Go First files for bankruptcy
Shares of InterGlobe Aviation, which runs the country's largest airline IndiGo, hit a 52-week high of Rs 2,235.95, surging 8 per cent on the BSE.
 "IndiGo, SpiceJet rally up to 8% as Go First files for bankruptcy")
Datamatics hits 20% upper circuit on strong Q4FY23 results
In Q4FY23, the company's revenue increased 32.9 per cent year-on-year (YoY) and 11.7 per cent quarter-on-quarter (QoQ) at Rs 416.30 crore
 "Datamatics hits 20% upper circuit on strong Q4FY23 results")
L&T gains over 2%, hits record high on hopes of strong order inflows
L&T would be a key beneficiary of the government's infrastructure thrust and capex revival in private sectors.
 "L&T gains over 2%, hits record high on hopes of strong order inflows")
Godrej Consumer, Raymond dip up to 6% day after reporting Rs 2,825 cr deal
The proceeds from the sale of FMCG business would be utilized for repayment of debt and infusing of funds in the Lifestyle business, Raymond said.
 "Godrej Consumer, Raymond dip up to 6% day after reporting Rs 2,825 cr deal")
PI Industries derisks biz with lucrative pharma buys; stock up 10.2%
Brokerages have upgraded estimates for firm, expect return ratios to improve
 "PI Industries derisks biz with lucrative pharma buys; stock up 10.2%")