Page 190 - Markets Today
Market expects crude oil prices to recover; adopt buy-on-dip strategy
OPEC is expected to keep the supply tight to maintain the price stability at a time when demand is seen weakening
 "Market expects crude oil prices to recover; adopt buy-on-dip strategy")
Nifty pre-market news: All you need to know before stocks open on May 7
Indian stock market update on Tuesday, May 07: Global cues, Gift Nifty hint at gap-up start; Q4 earnings, FII flows in focus.
 "Nifty pre-market news: All you need to know before stocks open on May 7")
Buy and sell ideas for May 7 from Anand Rathi: Jubilant FoodWorks, HDFC AMC
Over the past 28 trading sessions, HDFC AMC has maintained a range between approximately Rs 3,600 and Rs 3,800
 "Buy and sell ideas for May 7 from Anand Rathi: Jubilant FoodWorks, HDFC AMC")
Titan stock price drops 7% on May 06. Why brokerages have cut target price
Analysts attribute this margin miss to heightened competitive pressure due to a spike in gold prices
 "Titan stock price drops 7% on May 06. Why brokerages have cut target price")
Mangalore Refinery & Petrochemicals falls 9% on weak Q4 results
MRPL's standalone net profit plummeted over 40 per cent to Rs 1,138 crore in Q4FY24, from Rs 1,913 crore in Q4FY23
 "Mangalore Refinery & Petrochemicals falls 9% on weak Q4 results")
Stocks to Buy: Here's why Angel One is bullish on Fortis, Piramal Pharma
Stocks picks by Angel One: Fortis Healthcare is in a secular uptrend, hovering above its EMAs (Exponential Moving Average) on the daily time frame chart
 "Stocks to Buy: Here's why Angel One is bullish on Fortis, Piramal Pharma")
Will the stock market fall ahead of Lok Sabha poll outcome on June 4?
A well-diversified portfolio and a long-term investment horizon remain the best strategy for navigating election-related volatility and achieving financial goals, said Abhijit Bhave of Equirus Wealth
 "Will the stock market fall ahead of Lok Sabha poll outcome on June 4?")
Kotak Mahindra Bank shares hit 52-week low after Joint MD resigns
The drop came after joint managing director (Joint MD) KVS Manian stepped down from his role at the bank and its board after 29 years of service
 "Kotak Mahindra Bank shares hit 52-week low after Joint MD resigns")
Vedant Fashions stock falls 3% post Q4 as analysts cautious on FY25 outlook
Vedant Fashions' profit came in at Rs 115.8 crore in Q4FY24, from Rs 108.9 crore in Q4FY23. The company's revenue soared 6.3 per cent to Rs 363.2 crore, from Rs 341.6 crore a year ago
 "Vedant Fashions stock falls 3% post Q4 as analysts cautious on FY25 outlook")
M&M, Tata Motors, Maruti Suzuki: What is driving the rally in these stocks?
With 3XO's launch, M&M management aims to be among the top two players in the compact SUV segment over the course of three years
 "M&M, Tata Motors, Maruti Suzuki: What is driving the rally in these stocks?")
Gillette India shares zoom 10% on strong Q4 performance
Gillette India's topline growth jumped nearly 10 per cent to Rs 680.7 crore in Q4FY24, as opposed to Rs 619.1 crore in the same quarter a year ago (Q4FY23)
 "Gillette India shares zoom 10% on strong Q4 performance")
Polycab India hits all-time high; stock soars 52% from January low
The stock of the cables and wires (C&W) and fast moving electrical goods (FMEG) company has recovered 52 per cent from its low of Rs 3,812.35 hit on January 11, 2024
 "Polycab India hits all-time high; stock soars 52% from January low")
UltraTech stock at Rs 11,500? Check latest target price post Q4FY24 results
The shares, on Tuesday, jumped over 2.38 per cent to hit an intraday high of Rs 10,200 apiece, following the result announcement
 "UltraTech stock at Rs 11,500? Check latest target price post Q4FY24 results")
Maruti Suzuki falls marginally despite strong Q4; brokerages remain upbeat
The fall came as investors booked profit after the company posted strong March quarter performance
 "Maruti Suzuki falls marginally despite strong Q4; brokerages remain upbeat")
YES Bank shares zoom 9% as profit jumps 123%, asset quality improves
YES Bank's profit jumped over 123 per cent to Rs 452 crore in Q4FY24, as opposed to Rs 202.43 crore reported in Q4 FY23
 "YES Bank shares zoom 9% as profit jumps 123%, asset quality improves")
Brokerages bullish on HCLTech despite weak FY25 guidance; stock falls 6%
At 10:00 AM, the stock was the top loser on 30-share Sensex. By comparison, S&P BSE Sensex was up 0.37 per cent at 74,002.66 levels
 "Brokerages bullish on HCLTech despite weak FY25 guidance; stock falls 6%")
IREDA surges 13% on heavy volumes after govt gives 'navratna' status
In the past six trading days, post March quarter (Q4FY24) results, shares of IREDA have rallied 19 per cent
 "IREDA surges 13% on heavy volumes after govt gives 'navratna' status")
Indegene IPO to open on May 6; check price band, GMP, other details here
The IPO comprises a fresh issue of 16.8 million shares, valued at Rs 760 crore, alongside an offer for sale (OFS) of 23.9 million shares, worth Rs 1,081.76 crore
 "Indegene IPO to open on May 6; check price band, GMP, other details here")
VST Tillers shares jump 6% on incorporation of US subsidiary
The company announced its March sales data at the beginning of the month. Total sales plunged to 4,823 units in March 2024, from 6,468 units in March 2023
 "VST Tillers shares jump 6% on incorporation of US subsidiary")
Tech Mahindra Q4: Stock zooms 13% as management eyes 'turnaround' in FY25
Tech M stock price: The management indicated that FY25 will be a year of turnaround followed by stabilisation in FY26 and strong returns from FY27
 "Tech Mahindra Q4: Stock zooms 13% as management eyes 'turnaround' in FY25")