Page 189 - Market Trends

L&T Technology Services soars 8% on healthy Q4 results, strong outlook

For FY24 the company has guided CC revenue growth of 20 per cent plus with organic growth of 10 per cent plus.

After a dismal FY23, is the tide turning for mid, small-cap segments?

The S&P BSE Small-cap and Midcap indices have surged around 6 per cent and 4 per cent, respectively, as against a 2 per cent gain on S&P BSE Sensex so far in FY24.

ITC extends rally, hits new high; surges 25% so far in calendar year 2023

Thus far in calendar year 2023, ITC surpassed Infosys, HDFC, SBI, Bharti Airtel, Adani Enterprises and Life Insurance Corporation of India (LIC) in market-cap ranking.

Raymond soars 9%, hits new peak on Godrej Consumer Products deal buzz

According to an ET report, Godrej Consumer Products was in advanced talks for a deal with Raymond for its consumer care business that includes the Park Avenue male grooming brand and Kamasutra condom.

KPIT Technologies rallies 11% in 2 days, hits new high on strong Q4 results

For FY24 the company has guided CC revenue growth of 27-30 per cent & EBITDA margin of 19-20 per cent.

Price hikes to drive HUL Q4 revenue, ad-spends to dent margin: Analysts

According to brokerages, a sequential expansion in Ebitda margins is expected, amid tapering commodity cost inflation

Stock of this digital transformation solutions provider soars 33% in 2 days

Thus far in the current calendar year 2023, the stock price of Saksoft has nearly doubled or zoomed 99 per cent, as compared to 2 per cent decline in the S&P BSE Sensex.

New dividend, bonus share policy to create value for Gujarat PSUs: Analysts

Analysts believe the move will create shareholder value

Nifty Auto likely to exhibit range-bound trade; FMCG seems overbought

According to Ravi Nathani, an independent technical analyst, the Auto index seems trapped in the 12,950 - 12,830 range. Whereas, the FMCG index is expected to face stiff resistance around 47,200.

Indian markets likely to remain range-bound in the near term: Analysts

Rising interest rates, firm crude oil prices and geopolitical concerns, they believe, will keep the sentiment back home in check.

Rail Vikas Nigam zooms 20% after 12% equity changes hand on the NSE

Till 02:58 PM; around 251 million equity shares representing 12 per cent of total equity of RVNL had changed hands on the NSE, the exchange data shows.

Stock of this speciality chemical nearly doubled in less than 3 months

Shares of Anupam Rasayan hit all-time high of Rs 1,131 in intra-day trade today, zoomed 98% from level of Rs 570 on February 3, 2023.

Crompton Greaves CE tanks 13%; hits 52-week low as CEO Mathew Job resigns

Going forward, any material changes in growth outlook and improvement in margin guidance by the new management will be key monitorables for the company, ICICI Securities said in a note.

Here's why you should consider selling PSU, Pvt Bank indices on rallies

According to Ravi Nathani, an independent technical analyst, the Nifty Private Bank index can also be sold at current levels, with 21,250 seen as a crucial support for the index.

RBI order insures gains for HDFC Life stock; analysts see up to 83% upside

RBI's permission to increase stake in subsidiaries puts an end to the overhang on the stock, said Motilal Oswal in a note

Sun Pharma's Mohali facility to pause supplies to the US; stock dips 3%

Although the overall impact could be minimal (being an OSD facility), this may lead to stricter scrutiny for other plants, said ICICI Securities in a note.

Cyient extends rally on strong Q4 results; stock zooms 52% so far in CY23

The recent stock run-up largely captures growth momentum; expensive valuation limits upside, analysts at ICICI Securities said.

Stock of this footwear company has zoomed over 100% in 9 trading days

Mirza International was locked at the 10 per cent upper circuit for the third straight day so far on Friday.

Hotel stocks in demand: Lemon Tree, Oriental, Kamat Hotels surge up to 10%

Going forward, analysts expect FY24 to stay strong for the sector supported by full resumption of the economy, India's G20 presidency in 2023, ICC Men's world cup and easing of E-visa rules.

ICICI Lombard dips 4% post March quarter results

The country's largest private sector general insurer reported a 39.6 per cent surge in net profit to Rs 436.96 crore in Q4FY23, aided by a lower loss ratio and a dip in underwriting losses.