Page 531 - Markets

Centrum soars 19% as RBI grants SFB license to consortium with BharatPe

The RBI has issued a Small Finance Bank license to the Centrum Group-BharatPe consortium; new SFB has been incorporated as 'Unity Small Finance Bank'

Tata Motors surges 15% as TPG Rise to invest Rs 7,500 crore in EV arm

TPG Rise Climate along with its co-investor ADQ, shall invest in a subsidiary of Tata Motors that will be newly incorporated.

Stocks to Watch: Infosys, Wipro, MindTree, RIL, Tata Motors, PFC, airlines

Infosys, Wipro and MindTree on investors' radar ahead of the September earnings. Airline stocks also likely to be in limelight as aviation ministry allows 100 per cent occupancy for domestic flights

Remain long on Nifty; bet on Indian Bank, Tata Coffee, says Vinay Rajani

The stock of Indian Bank has broken out from ascending triangle on the weekly charts

Consumer discretionary stocks shine in a weak mkt; Titan hits record high

Analysts expect discretionary players like D-mart, Titan, and Jubilant FoodWorks to record a stronger recovery in Q2FY22, led by faster unlocking and pent-up demand post the second wave

Fag-end buying lifts Sensex 149 pts; Nifty near 18K; Titan soars 6%, SBI 3%

Titan (up 6 per cent), Bajaj Finserv, Bajaj Auto, Divis Labs, SBI, Hindalco, and Hero MotoCorp were the top gainers on the 50-pack index

Jubilant FoodWorks hits new high, surges 35% in a month on growth prospects

The financial risk profile is supported by a debt-free status, strong net worth and high financial flexibility

Infosys Q2 preview: IT major could increase revenue guidance for FY22

Most analysts forecast a nearly 20 per cent year-on-year (YoY) jump in Infosys' revenue during the second quarter of the financial year 2021-22 (Q2FY22)

Wipro Q2 preview: Analysts see 25-29% YoY revenue jump; Q3 guidance key

Brokerage Sharekhan pegs Wipro's September quarter revenue at Rs 19,444 crore over Rs 15,114.50 crore posted in the corresponding quarter a year ago

This SME shipping company stock has zoomed 68% in three days

Knowledge Marine has declared L1 bidder by the Visakhapatnam Port Trust for the tender of supply, manning, operation of high-speed patrol boat with 15 knots speed on hire basis for a period of 3 years

Tata Metaliks dips 7% on reporting weak operating margin in Q2

In Q2, EBITDA margin came in at 15.5 per cent, lower by 998 basis points (bps) QoQ and 559 bps YoY on the back of higher operating costs

Delta Corp surges 12%, hits over 3-year high after loss narrows in Q2

In Q2, Delta Corp reported consolidated net loss of Rs 22.57 crore as against Rs 28.93 crore in Q1FY22 and Rs 54.91 crore in Q2FY21

Stocks to Watch: Zee, HFCL, Tata Motors, Glenmark, JSW Steel, Vakrangee

Six companies are slated to announce earnings today including BEPL, DRC Systems India, JTL Infra, and Ind Bank Housing

Osho Krishan of Anand Rathi is bullish on 3 stocks: Buy Tata Consumer, FSL

FSL is in a secular bull run and is placed above all its major exponential moving averages on the daily time frame

Multiple triggers for Reliance Industries' stock, say analysts

At $0.5 billion per MW of acquisition enterprise value (EV), if we were to extrapolate to RIL's solar photovoltaic (PV) manufacturing, it implies $7-10 billion in value creation

SBI rallies 4%, hits record high of Rs 475 on heavy volumes

SBI appears well-positioned to report a strong uptick in earnings, led by moderation in credit costs, believe analysts

Tata Power surges 9% on heavy volumes; stock zooms 40% in two weeks

Tata Power is India's largest, integrated power company and operates across the power value chain

MFs book profit in IRCTC, trim stake by 2.5% as stock zooms 87% in Q2

In Q2, domestic mutual funds' stake in IRCTC declined to 4.78 per cent from 7.28 per cent in Q1

Tata Motors hits Jan 2018 high; soars 39% in a month on strong outlook

Despite the impact of the semiconductor shortage on production and sales, JLR continues to see strong demand for its products with global retail orders at record levels in excess of 125,000 vehicles

Sterling and Wilson Solar soars 17% as RIL to buy 40% stake in company

Reliance Industries through its subsidiary will acquire a 40 per cent stake in Sterling and Wilson Solar through a combination of primary investment, secondary purchase and open offer