Page 4 - Stock

Axis Bank stock gains after Fitch affirms rating at 'BB+'

The ratings agency has maintained 'Negative' on the bank's long-term IDR

Policybazaar extends gain by another 11.6%, closes at Rs 1,342

The stock is now up 37% over its IPO price of Rs 980; company is valued at Rs 60,338 crore

Demand recovery at home and abroad, price uptick may prop Tata Steel stock

The street will also keep an eye on pace of debt reduction and cash flows

Nykaa shines on D-Street debut; market cap crosses Rs 1 trillion

Nykaa's Rs 5,352-crore IPO was subscribed 82 times, the most among large start-up IPOs

Strong product pipeline, valuations keep street positive on Aurobindo

The company delivered a muted show in the September quarter

Margin pressure to weigh on Britannia stock's near term prospects

Though valuations are reasonable, the stock lacks near term triggers

Is the sell-off in IndusInd Bank stock a buying opportunity?

While most analysts remain positive, institutional attitude will be crucial

Recovery drives topline performance for Marico, stock up 11% from Aug lows

Margins to come under pressure as input costs remain higher

Class 8 truck order decline may impact near-term outlook for Bharat Forge

Brokerages are positive on prospects given strong outlook for oil and gas segment and recovery in domestic CV business

Post-Covid B2B recovery, price hikes to drive gains for Blue Dart

Near-term valuations, however, capture the upside

Lupin's underperformance may continue on US-driven regulatory challenges

US sales trajectory, margins key triggers over the next couple of quarters

EaseMyTrip stock up 3.5x since March listing as travel sentiment rebounds

The travel company saw its mcap cross $1 bn intra-day; its stock has been the second best performer in the segment after IRCTC

Sansera Engineering IPO fully subscribed, issue closes on Thursday

Issue priced at Rs 734-744 a share, is entirely an offer for sale worth Rs 1,283 crore

Senior Democrats float 2% US tax on stock buybacks to fund $3.5-trn budget

The plan comes as Democratic lawmakers assemble a raft of tax measures to help pay for a $3.5 trillion budget bill that contains bulk of President Joe Biden's longer-term economic agenda

SoftBank soars 10% after stock swap deal with Deutsche Telekom

The Japanese investment giant announced a complicated deal under which it will swap T-Mobile shares for an initial 225 million shares of Deutsche Telekom

Unsold stock piles up at two-wheeler sales channels amid weak demand

As a result, unsold inventory at the sales channels across Hero MotoCorp, Honda Motorcycle and Scooter India, TVS Motor and Bajaj Auto have risen from the average 40-45 up to 75 days.

Pfizer to acquire cancer drugmaker Trillium Therapeutics for $2.3 bn

Pfizer will pay $18.50 a share for Cambridge, Massachusetts-based Trillium, the companies said Monday in a statement.

Godrej Consumer: Sustaining sector-leading growth key for further gains

Margin expansion and international business growth are the other triggers

Barbeque Nation net loss narrows to Rs 43.85 cr in June quarter

The company had posted a Rs 60.45 crore loss in the corresponding period a year ago and its revenue from operations stood at Rs 101.97 crore.

LIC Housing Fin Q1 net nosedives 81% to Rs 153 cr on spike in impairment

Total income declined to Rs 4,859.04 crore from Rs 4,977.5 crore a year ago. Sequentially also income fell marginally from Rs 4,964.3 crore in Q4FY21