Page 29 - Markets News
Torrent Power hits 52-week high; up 39% April: what's driving the rally?
Torrent Power is engaged in power generation, transmission and distribution businesses.
 "Torrent Power hits 52-week high; up 39% April: what's driving the rally?")
Paytm share price tumbles 8% after RBI cancels Payments Bank licence
Paytm share price today: Paytm Payments Bank was barred from onboarding new customers with effect from March 11, 2022.
 "Paytm share price tumbles 8% after RBI cancels Payments Bank licence")
Cohance Lifesciences shares zoom 20% to hit upper circuit; here's why
Cohance Lifesciences share price today: Cohance Lifesciences, a contract development and manufacturing organisation, has appointed Cipla's ex-CEO Umang Vohra as its executive chairman and group CEO.
 "Cohance Lifesciences shares zoom 20% to hit upper circuit; here's why")
Gold outlook: Range-bound with bearish bias; check support, resistance
Gold is expected to range trade with a bearish bias with a possible test of $4600 unless the US and Iran make material progress towards resolving the conflict through diplomatic channels.
 "Gold outlook: Range-bound with bearish bias; check support, resistance")
IDBI Bank shares jump 8% after FM says 'disinvestment process to continue'
IDBI Bank disinvestment: FM Nirmala Sitharaman has said that the government will proceed with the stake sale in the lender.
 "IDBI Bank shares jump 8% after FM says 'disinvestment process to continue'")
Solar stocks fall up to 7% as US slaps antidumping duties on Indian imports
The US Commerce Department has announced preliminary antidumping duties on solar cells and panels imported from India, Indonesia and Laos.
 "Solar stocks fall up to 7% as US slaps antidumping duties on Indian imports")
Cochin Shipyard shares up 40% in April so far; time to buy or book profit?
Cochin Shipyard is a Miniratna company under the Ministry of Ports, Shipping, and Waterways.
 "Cochin Shipyard shares up 40% in April so far; time to buy or book profit?")
UTI AMC shares fall 5% after Q4 results; brokerages see up to 29% upside
Today's sharp move in UTI AMC stock came after the asset manager reported a net loss of ₹51.4 crore in Q4FY26 versus a net profit of ₹102 crore clocked in the same quarter a year ago.
 "UTI AMC shares fall 5% after Q4 results; brokerages see up to 29% upside")
Analyst suggests bear & bull spreads on Nifty, AU SFB; check strategy
Nandish Shah of HDFC Securities suggests a bear spread strategy on Nifty and a bull spread strategy o AU Small Finance Bank.
 "Analyst suggests bear & bull spreads on Nifty, AU SFB; check strategy")
Margin concerns and high valuations may cap gains for Nestle India
Nestle India reported strong Q4 growth, but rising raw material costs, sustained ad spends and high valuations may limit upside despite volume-led gains
 "Margin concerns and high valuations may cap gains for Nestle India")
Nifty IT index sinks 4%; HCLTech, Persistent Systems, Coforge dip up to 11%
IT stocks came under sharp selling pressure today after HCLTech's Q4 results and weak growth guidance.
 "Nifty IT index sinks 4%; HCLTech, Persistent Systems, Coforge dip up to 11%")
GIG to invest up to ₹7,000 crore in unlisted businesses over 5 years
Godrej Industries Group plans to invest Rs 5,000-7,000 crore in unlisted businesses over five years as it targets higher growth and a larger market capitalisation by 2031
 "GIG to invest up to ₹7,000 crore in unlisted businesses over 5 years")
Crude outlook: Brent below $100, but risks persist as disruption lingers
The ceasefire has still not seen the normalcy resuming in the Strait, which raises concerns for demand destruction in the coming months as the scarcity has yet to fully materialise.
 "Crude outlook: Brent below $100, but risks persist as disruption lingers")
Amara Raja Energy share price zooms 14% in weak market; here's why
Amara Raja Energy is India's largest automotive batteries and allied products manufacturer. It offers Li-ion cells, battery packs and charging solutions for Light Electric Vehicles & telecom industry.
 "Amara Raja Energy share price zooms 14% in weak market; here's why")
Nestle India up 3% on strong Q4, hits 52-wk high; brokerages see 15% upside
Nestle India share price target: Nestle India reported a 27.18 per cent Y-o-Y rise in consolidated net profit at ₹1,110.9 crore for March quarter, boosted by record domestic sales.
 "Nestle India up 3% on strong Q4, hits 52-wk high; brokerages see 15% upside")
T&D enters multi-year growth phase; Siemens Energy, CG Power top picks
The domestic opportunity is anchored by the National Electricity Plan, which envisages nearly ₹9 trillion of transmission investments through FY32.
 "T&D enters multi-year growth phase; Siemens Energy, CG Power top picks")
Analyst shares Nifty strategy; bets on Jubilant FoodWorks, Pidilite
Vinay Rajani of HDFC Securities recommends 'Buy' on Jubilant FoodWorks and Pidilite shares today. Check target prices, support, resistance, and growth outlook for April 22 trades
 "Analyst shares Nifty strategy; bets on Jubilant FoodWorks, Pidilite")
Sebi panel recommends NSE pay $193 million to settle pending cases
The recommendation brings the world's largest derivatives exchange closer to resolving its long-running dispute with the Securities and Exchange Board of India
 "Sebi panel recommends NSE pay $193 million to settle pending cases")
Stocks extend losses as Vance trip on hold fuels Iran talks uncertainty
The standoff threatens to deepen a global energy crunch, with flows through the vital Strait of Hormuz remaining at a virtual standstill
 "Stocks extend losses as Vance trip on hold fuels Iran talks uncertainty")
Unserved Sebi notices at 19-year low amid better tracking, outreach
Electronic messaging services permitted for notices, summons after a 2021 amendment