Stock Market Highlights, May 10: Sensex snaps 3-day losing run, ends 260 pts up; Nifty reclaims 22K

Stock Market Wrap Friday, May 10: RIL, ITC and Airtel led the rally; broader indices - MidCap and SmallCap - outran the benchmark indices and finished 0.8 per cent higher.

2:18 PM

ALERT:: Dr Lal PathLabs Q4 net soars 51%; stock zooms 6%

Dr Lal PathLabs today reported 50.8 per cent jump in Q4FY24 consolidated net at Rs 86 crore as against Rs 57 crore in Q4FY23. Revenue from operations increased 11.1 per cent to Rs 545 crore from Rs 491 crore.

2:09 PM

ALERT:: Hang Seng soars 2% in Asian trade; China ends tepid amid US EV sanction worries

1:59 PM

Go Digit IPO sets Rs 258-272 per share price band; bids open on May 15

Go Digit General Insurance IPO to open bids from May 16-17 with a lot size of 55 shares. Here is everything you need to know about the company's IPO details, key dates, prices and allotment. READ MORE

1:47 PM

Polycab India rallies 5%, at new high in a weak market on solid Q4 results

Polycab India's shares hit a fresh high of Rs 6,109.90 rallying 5 per cent on the BSE in Friday’s intra-day trade. This came after the company reported its highest ever yearly and quarterly revenue and profitability in the January-March quarter of fiscal year 2023-24 (Q4FY24). READ MORE

1:35 PM

ALERT:: RVNL emerges lowest bidder for SE Central Railway contract; stock down 1%

Rail Vikas Nigam (RVNL) in an exchange filing today said the company emerged as the Lowest Bidder (L1) from a South East Central Railway work order worth Rs 38.10 crore.

1:23 PM

Numbers 'missing' in CSR data, tracking how funds are used gets difficult

The money that companies spent on corporate social responsibility (CSR) programmes hit a record high in the financial year 2022-23 (FY23) but it is getting difficult to track what they are spending on. READ MORE

1:14 PM

Vijaya Diagnostic extends rally, surges 20% in 3 days on healthy Q4 results

In past one year, the market price of Vijaya has been more than doubled or zoomed 116%, as against 17% rise in the S&P BSE Sensex. READ MORE

1:04 PM

Market check:: Bank Nifty slips into red; private banks drag

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12:56 PM

Indegene IPO allotment to be out today: Here's how to check status online

The initial public offering (IPO) of Indegene Ltd garnered strong interest from investors across various categories, with the public offering oversubscribed by over 70 times. READ MORE

12:45 PM

Care Ratings Q4 net surges 35%; stock down 1%

The domestic rating agency had a profit after tax of Rs 25.9 crore in the January-March quarter of the 2022-23 fiscal. READ MORE

12:34 PM

CGCL zooms 8% on healthy AUM growth in Q4; profit surges in double digits

The recent uptick in the stock came after the NBFC reported a profit after tax (PAT) of Rs 82.6 crore for the Q4FY24. READ MORE

12:22 PM

Expert View: Gold may correction from current levels; look to buy ETFs, Gold Bonds

We believe gold prices are poised for minor correction from current levels while we remain bullish over the medium term on supportive fundamentals with staggered buying approach. Investors may choose dynamic asset allocation to the gold related instrument available in market apart from physical ownership of gold. Long term investors may look for Sovereign Gold Bonds to take additional advantage of fixed interest on the investment. Investors looking for medium to short term investment through staggered or lump sum buying may opt for gold ETFs schemes.

 

(Tapan Patel, Fund Manager-commodities, Tata Asset Management)

 

12:09 PM

ALERT:: Polycab Q4 net jumps 29%; stock trades flat

Polycab India Q4 consolidated net profit rose 29.1 per cent to Rs 553.47 crore for the quarter ended March 2024 when compared with Rs 428.70 crore in the corresponding quarter a year ago. Total income also increased by 29 per cent YoY to Rs 5,645.73 crore from Rs 4,375.20 crore.

11:56 AM

SBI stock may gain 22% to hit Rs 1,000-mark, rally may be gradual: Analysts

On the bourses, SBI stock price hit a record high of Rs 839.6 apiece on the BSE, soon after the result announcement on May 9. READ MORE

11:43 AM

This Vedanta Group stock has zoomed 69% since April; m-cap tops Rs 2 trn

At 10:38 am; Hindustan Zinc was trading 7 per cent higher at Rs 488.70 with m-cap of Rs 2.07 trillion, the BSE data shows. READ MORE