Page 402 - Markets

Karvy Stock Broking case: Sebi fines Rs 1.9 crore on 4 ex-officials

Capital markets regulator Sebi on Friday imposed a penalty totalling Rs 1.9 crore on four former officials of Karvy Group for flouting norms in the case pertaining to misappropriation of clients' funds by Karvy Stock Broking Ltd (KSBL). They have been directed to pay the fine within 45 days, according to the order passed by the Securities and Exchange Board of India (Sebi). The order came after Sebi initiated adjudication proceedings against the key persons of KSBL, who allegedly contributed/colluded with the brokerage house in its wrongdoings. Those penalised by Sebi are Krishna Hari G, who was VP (F&A) of KSBL; Srikrishna Gurazada, former compliance officer of KSBL; Srinivasa Raju, who was the General Manager- back office operations; and V Mahesh, who was the MD of Karvy Stock Broking's subsidiary KDMSL. The case relates to KSBL's raising huge funds by pledging clients' securities and by misusing the Power of Attorney (PoA) granted to it by its clients. Further, the funds by ...

More hits than misses spur most upgrades in six quarters, shows data

The Street is now expecting Nifty earnings per share (EPS) of around Rs 980 in FY24 and Rs 1,130 in FY25

Crypto wrap: Market in the red, total m-cap falls to $1.1 trillion

During the week, the prices of crypto tokens dropped sharply after news broke of the US government selling 9.8K BTC worth $277 million

Sensex up 123 pts, Nifty holds 18,300 ahead of CPI data; banks lend support

CLOSING BELL: Eicher Motors, M&M, IndusInd Bank, Axis Bank, HUL, Tata Motors, HDFC Bank, SBI, Hero MotoCorp, Bajaj Finance and ICICI Bank were the top gainers of the day

Cera Sanitaryware zooms 8% as company logs highest-ever sales revenue in Q4

The management said it focused on driving an improved product mix with new products comprising products to aid revenue growth

Mankind Pharma shares bounce back 6% as co clarifies on I-T raid

From a low of Rs 1,356 apiece, the stock vaulted 6 per cent to hit an intra-day high of Rs 1,439

Intellect Design Arena hits Rs 2,000-cr revenue mark in FY23; stock up 12%

For Q4FY23, total revenue stood at Rs 621 crore, up 24 per cent year-on-year, from Rs 500 crore logged in Q4FY22

Tata Motors: Solid volumes, ASP may aid Q4 profit, margin expansion

Tata Motors Q4 preview: Analysts see double-digit revenue and profit growth on the back of strong growth across India and JLR business

Key driver of returns is asset allocation, not market timing: Ajit Deshmukh

US markets have seen significant corrections in the last 18 months and 10-15% allocation to US equities in a staggered way can be a prudent diversification, says Ajit Deshmukh, Equirus Wealth MD

Stocks to Watch on May 12: Adani Total, RIL, TaMo, ONGC, Vedanta, Mankind

Stocks to watch today: Mankind Pharma has confirmed that the Income Tax Department conducted a search at some of the premises/ plants related to the Company and some of its subsidiaries

Sensex, Nifty end flat; Dr Reddy's Labs drops 7%, L&T 5%, Adani Ent up 5%

CLOSING BELL: In the broader markets, the BSE SmallCap index outperformed the frontline indices with 0.68 per cent rise

InterGlobe Aviation nears record high; stock surges 20% in one month

IndiGo remains well placed to benefit from strong systemic demand and its leading competitive positioning, analysts said

HG Infra hits new high on strong Q4 earnings; zooms 58% thus far in 2023

Given its healthy project pipeline, ICRA expects HGIEL to maintain a healthy revenue growth of ~18-20%, steady operating margins (~16%) and comfortable leverage and coverage indicators in FY24

ONDC to test Zomato's dominance; valuation mark-down likely: Analysts

Zomato may have to compromise on the margins whenever ONDC scales up. Its valuation multiples may see up to 15 per cent correction, analysts said

Gujarat Gas surges 6% on healthy Q4 results, turnaround in sales volume

The company's long-term volume growth prospects remain robust with the addition of new industrial units, and expansion of existing units, said Motilal Oswal Financial Services

MSCI rejig: Adani Transmission, Adani Total Gas may see outflow of $206 mn

Shares of Adani Transmission and Adani Total Gas had hit their respective lower circuit filter of 5 per cent on Monday, after MSCI said it would reduce their weights in its indices

Larsen & Toubro dips 4% on profit booking post March quarter results

In the past one year, L&T has rallied 45 per cent, as against nearly 15 per cent gain in the S&P BSE Sensex

Stocks to Watch Today: L&T. DRL, Adani Group, Asian Paints, Hero Moto

Stock to Watch today: Adani Enterprises Ltd., the flagship company of Adani Group, said on Wednesday that it will hold a board meeting on May 13 to consider fund raise via issuance of equity

Sensex climbs 179 pts in fag-end, Nifty tops 18,300; auto, bank stocks lead

CLOSING BELL: The fag-end rally was powered by IndusInd Bank, Bajaj Finance, Tata Motors, Reliance Industries, HDFC Bank, Maruti Suzuki, and Bajaj Finserv

Royal Orchid Hotels hits new high; stock zooms 50% in 5 weeks

Nuvama Wealth and Investment remains confident of ROHL's ability to deliver a superior performance on favourable industry dynamics and elaborate expansion plans