Page 570 - Markets
Bharti Airtel surges 7%, hits over six-month high
The favourable industry structure of two players is a good enough kicker for an eventual hike in tariff as well as superior digital play in the medium to long term, an analyst said
 "Bharti Airtel surges 7%, hits over six-month high")
Bharti Airtel headed for a multi-year breakout; stock can double from here
The Sunil Mittal-owned company reported a net profit of Rs 283.5 crore in the first quarter of the current fiscal (Q1FY22), which was much lower than the consensus estimates
 "Bharti Airtel headed for a multi-year breakout; stock can double from here")
SBI Life hits new high after Carlyle affiliate offloads entire 1.9% stake
Around 19.24 million equity shares, representing 1.92 per cent of the total equity of SBI Life had changed hands on the BSE till 10:55 am
 "SBI Life hits new high after Carlyle affiliate offloads entire 1.9% stake")
Sonata Software rallies 9%, hits new high post June quarter results
The management said it see the demand situation as being extremely satisfactory with growth in existing accounts and new deal pipeline
 "Sonata Software rallies 9%, hits new high post June quarter results")
KM Birla steps down as Vodafone Idea chairman; stock slides 38% in 3 days
The changes come at a time when Vi is struggling to stay afloat
 "KM Birla steps down as Vodafone Idea chairman; stock slides 38% in 3 days")
Stocks to watch: Vodafone Idea, SBI Life, Titan, HPCL, Greenply, GAIL India
Hindustan Petroleum Corporation reported a 36 per cent YoY drop in its June quarter net profit
 "Stocks to watch: Vodafone Idea, SBI Life, Titan, HPCL, Greenply, GAIL India")
Market Ahead Podcast, August 5: Top factors that could guide markets today
Over 100 companies, including Adani Power, NCC, GAIL, Tata Chemicals, Cipla, Quess Corp, Indiabulls Housing Finance and Gujarat Gas are slated to post their results
 "Market Ahead Podcast, August 5: Top factors that could guide markets today")
Sensex atop Mt 54K amid FPIs' renewed appetite; HDFC rises 4.8%
Renewed optimism around the domestic economic outlook, following an improvement in high-frequency indicators underpinned more than 3 per cent jump this week, so far
 "Sensex atop Mt 54K amid FPIs' renewed appetite; HDFC rises 4.8%")
Retail investors relish busiest day for IPOs since 2007, lap up 4 issues
Market experts say buoyed by returns from recent IPOs, retail investors are now subscribing to all offers being launched. The last four firms to list have seen gains of 65-113% on the first day
 "Retail investors relish busiest day for IPOs since 2007, lap up 4 issues")
Despite strong growth, Dabur stock may hit the valuation roadblock
The management is confident of double digit sales growth and steady margins in FY22
 "Despite strong growth, Dabur stock may hit the valuation roadblock")
Market Wrap Podcast, August 4: All that happened in the markets today
In stock-specific action, the shares of Vodafone Idea continued to see hefty selling, so much so, that it declined 18.5 per cent to Rs 6.03 on the BSE
 "Market Wrap Podcast, August 4: All that happened in the markets today")
Sensex up 546 pts, ends above 54K; Nifty tops 16,250; financial stocks gain
The broader market, however, saw profit booking as, both, the BSE Mid and SmallCap indices declined 1 per cent each.
 "Sensex up 546 pts, ends above 54K; Nifty tops 16,250; financial stocks gain")
Indus Towers hits over 8-month low on growth concerns
Indus' share price has underperformed the market owing to concerns over its key tenant Vodafone Idea's survival
 "Indus Towers hits over 8-month low on growth concerns")
ICICI Pru, IIFL Wealth: Trading strategies for buzzing stocks of the day
IIFL Wealth Management is heading towards a new all time high, as per charts
 "ICICI Pru, IIFL Wealth: Trading strategies for buzzing stocks of the day")
IIFL Wealth up 14% on strong Q1 results, dividend bounty of Rs 35 per share
The beat on profitability was driven by a beat on net revenues owing to both annual recurring revenue and transactional/brokerage revenue, better operating efficiency, and a lower tax rate.
 "IIFL Wealth up 14% on strong Q1 results, dividend bounty of Rs 35 per share")
HDFC gains 9% in three days on steady performance in June quarter
The funding advantage and adequate capital will aid growth and earnings while healthy provision buffer and improvement in collection will aid asset quality, analysts said
 "HDFC gains 9% in three days on steady performance in June quarter")
Stocks to watch: Airtel, SBI, Adani Enterprises, Tata Consumer, GR Infra
Tata Consumer Products reported a decline of 42.05 per cent YoY in consolidated net profit to Rs 200.24 crore for the first quarter ended June 2021
 "Stocks to watch: Airtel, SBI, Adani Enterprises, Tata Consumer, GR Infra")
Ajit Mishra is bullish on Amara Raja, Cummins & PFC. Check why
Amara Raja Batteries has been trading with a corrective bias for the last eight months and recently tested the major support zone around Rs 690 levels
 "Ajit Mishra is bullish on Amara Raja, Cummins & PFC. Check why")
Market Ahead Podcast, August 4: Top factors that could guide markets today
Nearly 70 companies, including State Bank of India, Titan Company, Godrej Consumer Products, HPCL, and PNB Housing Finance, that are slated to report their June quarterly result
 "Market Ahead Podcast, August 4: Top factors that could guide markets today")
Domestic investors propel Nifty past 16,000, despite sustained FPI sell-off
Nifty50 index closed above the 16,000 mark for the first time, ending the session at 16,123 with a gain of 238 points, or 1.55 per cent
 "Domestic investors propel Nifty past 16,000, despite sustained FPI sell-off")