Sensex extends rally to fifth day, ends 486 pts up; SBI, Axis Bank zoom over 5%

Indian stock market on Thursday, April 25: The NSE Nifty ended atop the 22,550 levels, up 156 points; Kotak Bank and HUL, however, bucked the trend.

1:43 PM

PSU bank stocks rally on earnings hope; SBI at new high, Canara Bank up 3%

The Nifty PSU Bank index was the top sectoral gainer, up over 2 per cent in an otherwise range-bound market on Thursday. READ MORE

1:30 PM

Nestle India Q4 results: Net profit up 27% at Rs 934 crore, beats estimates

Nestle India shares were trading at Rs 2,533.20 on BSE at 1:00 PM following the company's Q4FY24 financial results. Company announced a dividend of Rs 8.50 per equity share. READ MORE

1:17 PM

Battery stocks' rally likely to extend in May after $2 billion surge

Exide and Amara Raja added a combined market value of about $2 bn in April as investors boosted their bets in the nascent clean car market. READ MORE

1:04 PM

Happiest Minds Technologies to acquire PureSoftware for Rs 779 crore

The total purchase consideration comprises upfront payment of Rs 635 crore on closing and deferred payment of up to Rs 144 crore payable at the end of 2024-25. READ MORE

12:50 PM

Indian Hotels stock falls 5% post Q4 results; peer group shares rise

Indian Hotels stock price plunged 5.1 per cent to a low of Rs 577 in Thursday intra-day trades, a day after the company posted its Q4 results. READ MORE

12:35 PM

Shipbuilding stocks on roll; Cochin, GRSE zoom upto 58% so far in Apr

A number of Requests for Proposals (RFPs) for various shipbuilding projects have been floated by the Ministry of Defence (MoD) during the last one year and some more are expected to come out in the near future. READ MORE

12:20 PM

ALERT :: Orient Cement soars on report Aditya Birla may buy stake

12:06 PM

ALERT :: Schneider Electric's parent firm eyes 2024 Ebitda of 18-18.2%; stock rallies 3%

>> Parent firm says All four regions (North America, Asia Pacific, Western Europe, RoW) to contribute to growth, led by US, India, and the Middle East

 

>> Double digit growth in India expected

 

>> India seeing good growth in both Discrete and Process & Hybrid-industrial automation

11:49 AM

Axis Bank stock re-rating to continue on strong deposits, margins: Analysts

On the bourses, Axis Bank stock price surged 5.2 per cent to Rs 1,119 apiece on the BSE in Thursday's intraday trade, and was the top gainer on the Sensex, and the Nifty50 indices. By comparison, the benchmark Sensex index was up 0.2 per cent at 11:13 AM. READ MORE

11:35 AM

Hindustan Unilever falls 2% as Q4 profit slips; brokerages remain cautious

The FMCG major’s revenue rose marginally to Rs 15,041 crore in the March quarter, while volume growth rose 2 per cent Y-o-Y. Sequentially, HUL’s revenue was down 1.7 per cent, but its net profit was up 2 per cent. READ MORE

11:21 AM

This Shapoorji Pallonji Group stock has zoomed 57% in 4 days

The stock of household appliances company was trading higher for the fourth straight day, zooming 57 per cent during the period. The average trading volumes at the counter jumped three-fold with 39,000 shares changing hands. There were pending buy orders for 27,751 shares. The stock is listed only on the BSE. READ MORE

11:05 AM

Tata Consumer Products: Focusing on performance of growth businesses key

The Q4FY24 revenue was Rs 3,930 crore, up 8.5 per cent year-on-year (Y-o-Y) in Q4FY24, while the operating profit margin improved 190 basis points Y-o-Y to 16 per cent, driven by a better gross margin (up 430 basis points) of 46.1 per cent vs 41.8 per cent Y-o-Y. The operating profit rose 23 per cent Y-o-Y to Rs 630 crore READ MORE

10:50 AM

Here's why the 'Modi-fication' of India is still thrilling stock markets

Ten years later, very little remains of that zeal. The BJP’s 2024 manifesto still promises to “reform, perform, transform.” But the few specifics it offers on the economy are modest — such as automatic approvals for standard housing designs. Gone are the days when Modi pledged to change everything from inefficient markets in labour and farm produce to entire sectors like banking. READ MORE

10:35 AM

Explained: How investing in mother/father's name can lower your tax outgo

If the parents of the individual are senior citizens, then he can make an irrevocable gift to the parents up to Rs 3 lakh, without attracting any taxes, and if their age is 80 years or older, then he can make such gift upto Rs 5 lakhs since they would fall under the super senior citizen category. Since cash gifts received from children or other close relatives is exempt from taxation, such gift will not be taxable on either of the parties. However, there are two key considerations to be kept in mind while making such gift.  READ MORE

10:21 AM

Indian markets stand out for cheap bonds as JPMorgan index date nears

“A lot has not yet been priced in” by investors, said Ray Sharma-Ong, investment director at abrdn Plc. “We are both positive on both Indian bonds and stocks,” he added, noting that the JPMorgan index inclusion should boost potential fixed-income returns. READ MORE