Page 449 - Markets

ITC regains Rs 4-trillion m-cap after 5 years; stock surges 50% in 6 months

ITC's market cap had last touched the Rs 4-trillion feat on July 14, 2017, when it was Rs 4.10 trillion on closing level basis

Larsen & Toubro gains 2%, hits over six-mth high on strong revenue outlook

In the past one month, L&T has outperformed the market by gaining 9 per cent as compared to a 1.4 per cent rise in the S&P BSE Sensex

NSE indices rejig: Adani Enterprises, Adani Total, HAL can rally up to 10%

Adani Total Gas is the only stock that has closed in green each quarter since the Covid-19 pandemic, shows the quarterly chart. The stock has surged 14 times from the pandemic lows

Mehul Kothari of Anand Rathi suggests selling IndusInd Bank. Here's why

Recently the stock of INDUSINDBK surged from the zone of Rs 800 towards Rs 1,100 mark without any meaningful correction. This indicates possibility of some profit booking

Are falling growth rates the next big worry for Indian equity markets?

A dip in demand amid rising inflation and central bank policies has seen brokerages, such as Goldman Sachs and Morgan Stanley, cut their respective growth estimates for the Indian economy

Regional movies' revenue doing little for PVR, Inox; stay away, say experts

While there may be some bounce back, risks from OTT, sparse revenue from South Indian movies may put pressure on stock prices

Olectra Greentech plans to raise Rs 800 crore via issuance of securities

Electric mobility firm Olectra Greentech on Thursday said its board has approved a plan to raise up to Rs 800 crore through issuance of securities. The company is looking to raise the amount through issuance of equity shares and /or through sale of securities convertible into equity shares. These could include issuance of warrants through one or more private offerings, it said in a statement. However, Olectra Greentech did not specify the purpose for raising the funds. Established in 2000, the company is part of the Hyderabad-based Megha Engineering and Infrastructures Limited. Driven by higher revenue, the company saw its net profit rise to Rs 18.8 crore in the June quarter.

Zee Entertainment dips 6% amid reports of CCI scrutiny over Sony deal

According to a Reuters report, Competition Commission of India (CII), observed that the merger between the Indian unit of Sony and ZEE will potentially hurt competition

Ashok Leyland rallies 5% on bagging order for 1,400 school buses in UAE

The stock surpassed its previous high of Rs 158.15 touched on August 1, 2022. It was trading close to its record high of Rs 168 touched on May 8, 2018

Biocon sheds 4%, hits 52-week low as US FDA issues form 483 for 3 sites

The US health regulator has issued Form 483s with 11 observations each for two sites in Bengaluru and six observations for a plant in Malaysia site.

Markets log 3rd highest monthly FPI inflows since Covid outbreak in August

Foreign investors pump in Rs 51,000 cr; near-term flows to hinge on rupee, bond movements

Adani Transmission is 9th most valued firm by mcap; LIC out of top 10 club

Adani Transmission has entered the coveted list of top 10 most valued companies, with a market capitalisation (mcap) of Rs 4.43 lakh crore, and holds the ninth place in the overall ranking. On Tuesday, shares of the company jumped 3.05 per cent to settle at Rs 3,971.65 apiece on BSE. During the day, it rallied 4.87 per cent to hit its 52-week high of Rs 4,041.90. The company commanded a market valuation of Rs 4,43,034.65 crore. Shares of the company have jumped a whopping 129.19 per cent so far this year. In comparison, the BSE Sensex has climbed 2.20 per cent so far in 2022. Reliance Industries Limited is the most valued domestic firm with a market capitalisation of Rs 17,85,412.57 crore, followed by TCS (Rs 11,75,140.94 crore), HDFC Bank (Rs 8,26,633.55 crore), Infosys (Rs 6,28,296.46 crore) and Hindustan Unilever (Rs 6,24,756.32 crore). Next in the ranking is ICICI Bank which has a market valuation of Rs 6,18,012.83 crore, followed by State Bank of India (Rs 4,74,030.75 crore),

A bad idea: Separating 'E' from ESG

The S and G pillars are as important as E in assessing corporate performance

Bajaj Finserv sets Sept 14 as record date for stock split, bonus; stk up 5%

In the past three months, Bajaj Finserv has outperformed the market by surging 30 per cent, as compared to 4.5 per cent rise in the S&P BSE Sensex

RVNL, Praj Ind: Two stocks that Mehul Kothari of Anand Rathi is bullish on

The stock of RVNL has confirmed a range breakout above Rs 32.50-mark. he stock has potential to test Rs 35-mark in the coming sessions

India VIX signals caution, but don't panic just yet, say analysts

The latest reading is well below this year's average of 20.7. Moreover, Monday's 8.8 per cent advance is only the 10th largest seen this year

3 reasons why the Sensex ended 861 points lower at 57,973 levels on Monday

Monday's market mayhem was led by the IT pack as Nifty IT index cracked over 4 per cent. Tech M, Infosys, HCL Tech, Wipro and TCs slipped 2-5 per cent.

Stock of this defence company has zoomed 87% over its issue price

Shares of Data Patterns hit a record high of Rs 1,093.50 as the stock rallied nearly 15 per cent on the BSE in Monday's intra-day trade on heavy volumes

Krsnaa Diagnostics, Metropolis hit 52-week; fall up to 14% in one month

In the past one year, these stocks have slipped between 48 per cent and 51 per cent, as compared to 3 per cent gain in the Sensex

No need to worry till the Sensex holds 56,886 level, technical charts say

Equity markets declined the most in around a month on Monday following US Fed chief Jerome Powell's comments on Friday, which indicated that it will continue with its restrictive monetary policy