Page 3 - Stock
ABB India stock rallies over 10 per cent on strong March earnings
Shares of ABB India on Thursday zoomed more than 10 per cent after the company posted over two-fold jump in net profit for the March quarter. The stock rallied 10.47 per cent to end at Rs 2,224.70 on the BSE. During the day, it zoomed 11.80 per cent to Rs 2,251.50 At the NSE, it jumped 10.20 per cent to settle at Rs 2,220.05. ABB India on Wednesday posted over two-fold jump in net profit at Rs 370 crore for the March quarter compared to the year-ago period mainly on the back of higher revenue. The net profit of the company was Rs 151 crore in the quarter ended March 31, 2021, a company statement said. The company follows January-December financial year. Total revenue rose to Rs 1,968 crore in the quarter from Rs 1,629 crore in the same period a year ago.
 "ABB India stock rallies over 10 per cent on strong March earnings")
Ineos Styrolution stock hits 20% lower circuit following OFS launch
The OFS announcement caught the market by surprise as the promoter holding in the company is at 75 per cent and no further divestment is required
 "Ineos Styrolution stock hits 20% lower circuit following OFS launch")
Growth trajectory, margins anc client additions to sustain for Laurus Labs
Some of the growth is captured in the price rally, higher valuations
 "Growth trajectory, margins anc client additions to sustain for Laurus Labs")
Weak sentiment, gold price volatility take sheen off Titan Company
Most brokerages are positive on the long term prospects of the stock
 "Weak sentiment, gold price volatility take sheen off Titan Company")
Investors in life insurance stocks will need to be patient, say brokerages
Long-term story remains good and valuations attractive, but near-term overhangs may keep stock prices subdued
 "Investors in life insurance stocks will need to be patient, say brokerages")
Sebi levies Rs 20 lakh fine on 4 entities in illiquid stock options case
Capital markets regulator Sebi on Monday imposed Rs 20 lakh fine on four entities for indulging in non-genuine trades in stock options on BSE.
 "Sebi levies Rs 20 lakh fine on 4 entities in illiquid stock options case")
Strong growth outlook, valuations point to further upside for UPL
Buyback could support the price in the near term
 "Strong growth outlook, valuations point to further upside for UPL")
Urban Company announces Rs 150 crore Partner Stock Ownership Plan
Company will set up evergreen trust to manage the PSOP and award stocks over 5-7 years at near zero cost to service partners
 "Urban Company announces Rs 150 crore Partner Stock Ownership Plan")
Zuckerberg tells staff to focus on video products as Meta's stock plunges
Facebook lost a record $251 billion of value in a single day
 "Zuckerberg tells staff to focus on video products as Meta's stock plunges")
Valuations may cap upsides for L&T Tech stock, no major triggers seen in Q3
While outlook remains strong, Q3 revenue growth was lower than Street estimates
 "Valuations may cap upsides for L&T Tech stock, no major triggers seen in Q3")
Margin headwinds may cap upsides for HCL Tech despite strong top line show
What works in favour are strong revenue growth, deal wins and attractive valuations
 "Margin headwinds may cap upsides for HCL Tech despite strong top line show")
Macro factors have spooked Paytm's market performance: Vijay Shekhar Sharma
Sharma indicated that he would have bought more shares of Paytm if he could as it was trading cheaply
 "Macro factors have spooked Paytm's market performance: Vijay Shekhar Sharma")
Despite strong Q3 hopes, upsides for Asian Paints' stock could be capped
Pandemic related restrictions, rural slowdown and input costs are key concerns
 "Despite strong Q3 hopes, upsides for Asian Paints' stock could be capped")
Govt imposes stock holding limits on soymeal till June 2022 to tame prices
Soymeal millers, processors can hold stocks only up to their 90 days of production, says circular.
 "Govt imposes stock holding limits on soymeal till June 2022 to tame prices")
Vodafone Idea stock can deliver more returns if debt overhang subsides
Bharti Airtel, however, is the safer bet fundamentally among the two companies.
 "Vodafone Idea stock can deliver more returns if debt overhang subsides")
US business rebound key to further upsides in Lupin, VAI may offer relief
Clearance for Goa unit is positive; near-term triggers are new launches and market share gains
 "US business rebound key to further upsides in Lupin, VAI may offer relief")
Patrick Drahi's Altice tightens grip on BT, raises stake to 18%
Drahi's purchase was his first move since takeover rules preventing him from further purchases after his June stock acquisition expired on Saturday.
 "Patrick Drahi's Altice tightens grip on BT, raises stake to 18%")
Dr Reddy's may underperform over concerns about launch of complex products
For rerating, it needs sustained growth in India, recovery in US
 "Dr Reddy's may underperform over concerns about launch of complex products")
Fino Payments Bank stock slips nearly 2% as anchor lock-in period ends
Shares of Fino Payments Bank entered the bourses on November 12, 2021. It was listed at Rs 548, a discount of 5.03% to the issue price of Rs 577
 "Fino Payments Bank stock slips nearly 2% as anchor lock-in period ends")
Supply disruptions in key segments could cap gains for Bharat Forge
Muted heavy truck numbers in North American market, passenger vehicle sales impacted too
 "Supply disruptions in key segments could cap gains for Bharat Forge")