Page 229 - Market Trends

Bajaj Finserv surges 10% after board approves 1:1 bonus, 1:5 stock split

In the past three trading sessions, the stock has gained 16 per cent after the company announced their plan for stock split and bonus issue.

Tata Steel jumps 5% after turning ex-date for 1:10 stock split

The company had fixed Friday, July 29, 2022 as the 'Record Date' for the purpose of determining the eligibility of shareholders for the purpose of sub-division /split from Rs 10 to Re 1.

Bajaj Finserv surges 8% ahead of board meet for bonus, stock split

The company is expected to post 25.8 per cent YoY growth in Q1 revenue, led by pick up in lending business coupled with continued healthy traction in premium accretion in insurance business.

ITC hits over 3-year high as FPIs hike stake; stock up 40% so far this year

FPIs holding in ITC increased to 12.68% in June quarter from 11.99% in the preceding quarter and 9.99% at the end of December quarter.

5G Auction: Bharti Airtel, Voda Idea struggling below 200-DMAs, charts show

Despite the buzz in the telecom sector with the ongoing 5G spectrum auction, Bharti Airtel and Voda Idea need to break and sustain above their respective 200-DMAs for hopes a rally to emerge.

Page Ind hits record high on strong growth outlook; stock up 17% in July

The company aims at capacity expansion and increased infrastructure and facilities to meet growth in demand.

L&T gains 4% after net profit spikes 45% YoY to Rs 1,702 crore in Q1FY23

Analysts believe that the company's strong order book position at Rs 363,448 crore suggests good revenue visibility in the coming years.

Shoppers Stop surges 11%, hits 52-week high on healthy Q1 results

Returning mobility and higher ticket purchases led by the pent-up demand will likely drive retail spending over the coming months, the company said

Bias for MCX Crude Oil remains negative; 200-DMA is the key support

Meanwhile, the Natural Gas futures soared nearly 79 per cent in the last 15 trading sessions to a new high of Rs 760; the commodity could witness some profit-taking now.

Stocks to watch: Tata Motors, Maruti Suzuki, Asian Paints, L&T, Telecom

Stocks to watch today: Bajaj Finance, Tata Motors, and Maruti Suzuki will report their June quarter results on Wednesday, July 27; United Spirits reported five-fold jump in net profit in Q1FY23.

Here's why Vinay Rajani recommends buying Ajanta Pharma, TTK Prestige

The technical analyst also recommends to hold Nifty longs with a stop at 16,300; on the upside, he expects resistance for the NSE benchmark around 16,800.

Sensex sheds 498 pts, Nifty below 16,500; Infy slips 3.5%, Axis Bank 3%

CLOSING BELL: Equity markets settled near the low point of the day as investors chose to stay on the sidelines ahead of the US Federal Reserve's monetary policy outcome on Wednesday

Bajaj Auto Q1FY23 results: Net profit up 11% YoY to Rs 1,173 cr, revenue 8%

Bajaj Auto Q1 review: Auto major Bajaj Auto clocked 8.3 per cent rise year-on-year (YoY) in total revenue from operations to Rs 8,004.97 crore in June quarter results (Q1FY23) on a standalone basis.

Sandur Manganese turns ex-date for rights issue; stock zooms 50% in 7 days

On April 10, 2022, the board had approved rights issue in the ratio of 2 rights equity shares for every 1 equity share as on record date at a price of Rs 10 per share.

Tata Steel, Vedanta can surge 14%, provided they defy this chart formation

All metal stocks have "Death Cross", and if the current rally shows sustainability, the pullback rally would see added interest, indicate charts.

Earnings impact: eMudhra hits record high, surges 26% in two trading days

Revenue from operations registered a strong growth primarily led by increase in Enterprise Solution business especially in international markets which grew by 140 per cent YoY.

Chip crunch, high RM to dent Bajaj Auto's margins in Q1FY23, say analysts

Analysts, on average, expect the revenue to fall up to 7 per cent quarter-on-quarter (QoQ) to Rs 7,416 crore in Q1FY23.

GMDC, NMDC are the top picks of technical analyst Mehul Kothari

According to the analyst from Anand Rathi, GMDC can rally to Rs 168 on the upside, while NMDC can jump to Rs 114.

Infosys Q1FY23 results: Here's how brokerages have interpreted the numbers

Going ahead, brokerages believe that the margin headwinds like travel costs, wage inflation will continue to persist in Q2FY23 as well.

Sensex falls 306 pts; Nifty holds 16,600; Zomato cracks 11%, RIL 3%

CLOSING BELL: Among sectors, the Nifty Auto fell 1.7 per cent, while the Nifty Metal added 1.5 per cent