Page 441 - Markets
Nifty PSU Bank index hits record high; Indian Bank surges 22% in one week
In the past one week, Nifty PSU Bank index has rallied 12 per cent as compared to 3 per cent rise in Nifty50
 "Nifty PSU Bank index hits record high; Indian Bank surges 22% in one week")
More companies will have to focus on profitability in future: Nikhil Kamath
If interest rates continue at their current trajectory, the appetite will go down, impacting the consumption and the markets, co-founder of Zerodha and True Beacon said
 "More companies will have to focus on profitability in future: Nikhil Kamath")
ICICI Bank Q2 net profit may rise 35% YoY on solid loan book, say analysts
ICICI Bank Q2 preview: Better credit growth, including for mortgages and unsecured loans, should drive up margins, leading to healthy core profitability, analysts said
 "ICICI Bank Q2 net profit may rise 35% YoY on solid loan book, say analysts")
Deepak Fertilisers rallies 6%, hits new high on strong demand outlook
Some of the key positives include strong growth prospects of the TAN business, high regulatory entry barriers, improving capacity utilisations, and a strong uptick in return ratios
 "Deepak Fertilisers rallies 6%, hits new high on strong demand outlook")
Delhivery plunges 13%; co sees moderate shipment volume growth in FY23
The logistics solution provider said it anticipate moderate growth in shipment volumes through the rest of the financial year.
 "Delhivery plunges 13%; co sees moderate shipment volume growth in FY23")
Adani Enterprises to raise Rs 1,000 cr via public issue of debentures
CareEdge has assigned 'A+' to the proposed issuance of debentures. It also reaffirmed ratings for long-term bank ratings 'A+' and short-term facilities 'A1+'
 "Adani Enterprises to raise Rs 1,000 cr via public issue of debentures")
China's underground market for semiconductors draws desperate automakers
Opportunists the world over have seized on the chips shortfall, jacking up the price companies pay for the crucial circuital components
 "China's underground market for semiconductors draws desperate automakers")
World stocks slip, upbeat earnings compete with angst over rate increase
World stocks were a touch softer on Wednesday with sentiment caught between upbeat earnings and further signs that strong inflation will keep major central banks firmly in rate-increasing mode
 "World stocks slip, upbeat earnings compete with angst over rate increase")
Aarti Industries trades ex-pharma business; stock hits 52-week low
Shareholders will get one share of Aarti Pharmalabs for every four shares they hold in Aarti Industries
 "Aarti Industries trades ex-pharma business; stock hits 52-week low")
Midhani surges 7%; hits new high on pact with Boeing for aerospace parts
Boeing India on Tuesday reportedly announced it would assess and collaborate with Midhani to develop raw materials for standard aerospace parts and components in India.
 "Midhani surges 7%; hits new high on pact with Boeing for aerospace parts")
Piramal Pharma lists at Rs 202 on BSE; shares tumble 5% intra-day
In October 2021, the board of directors of Piramal Enterprises (PEL) had approved the demerger of the pharmaceuticals business, and simplification of the corporate structure
 "Piramal Pharma lists at Rs 202 on BSE; shares tumble 5% intra-day")
Axis Bank Q2 preview: Profit may rise over 40% YoY on low provisions
Analysts said progress of the Citi portfolio, direction of operating profit growth, and credit growth amid slowdown concerns will be tracked by investors
 "Axis Bank Q2 preview: Profit may rise over 40% YoY on low provisions")
Seasonal gains, deal pipeline point to strong FY23 for L&T Infotech
Near-term gains for India's sixth largest IT services company factored into valuations
 "Seasonal gains, deal pipeline point to strong FY23 for L&T Infotech")
Tata Elxsi dips 14% in 2 days, hits 3-month low post weak Q2 revenue growth
With the past two days' decline, Tata Elxsi's market price has corrected 32 per cent from its record high level of Rs 10,760
 "Tata Elxsi dips 14% in 2 days, hits 3-month low post weak Q2 revenue growth")
Zee Entertainment surges 6% after 53 mn shares change hands via block deal
According to reports, Invesco Developing Markets Fund, which has a 10.14 per cent stake in ZEE, was looking to sell half of its stake in the company in a block deal
 "Zee Entertainment surges 6% after 53 mn shares change hands via block deal")
Merger overhang to delay HDFC Bank's re-rating, caution analysts
From a long-term perspective, they see up to 40.4 per cent upside in HDFC Bank's stock as growth outlook remains intact
 "Merger overhang to delay HDFC Bank's re-rating, caution analysts")
Nifty PSU Bank index surges 2%; Canara Bank, Bank of Baroda gain over 3%
Operational performance is expected to remain positive across lenders, given steadier yields. Thus, robust recovery in earnings is expected in PSU banks, ICICI Securities said
 "Nifty PSU Bank index surges 2%; Canara Bank, Bank of Baroda gain over 3%")
Should you be wary of the SME IPO frenzy?
Despite weakness in the secondary markets, many IPOs of SMEs have delivered premium returns recently. Should investors exercise caution before jumping on the bandwagon? We decode in this report
 "Should you be wary of the SME IPO frenzy?")
Risk-reward not favourable in near to mid term: Nomura India's Mukherjee
He says that the market valuation premium over emerging market (EM) peers is around 70% versus the long-term average of nearly 40%
 "Risk-reward not favourable in near to mid term: Nomura India's Mukherjee")
One year of Nifty's lifetime high: Domestic equities stuck in a loop
The fall in the Indian market is far subdued, compared to many global peers that have slipped into bear-market territory
 "One year of Nifty's lifetime high: Domestic equities stuck in a loop")