Sensex ends 75pts up after choppy day, Nifty tops 17,750; ITC extends rally

CLOSING BELL: Among buzzing stocks, shares of RVNL were locked at 20 per cent upper circuit, RITES zoomed 9 per cent, and Texmaco Rail 7 per cent

3:37 PM

CLOSING BELL:: NSE Nifty50 adds 26 pts to 17,769

3:34 PM

CLOSING BELL:: S&P BSE Sensex extends rally, ends higher for 4th straight day; gains 75 pts

3:23 PM

IPCA Labs stock hits valuation hurdle on Unichem stake acquisition

The pharmaceutical company’s acquisition of the stake from a promoter of Unichem’s at Rs 440 per share (14 per cent premium to Monday’s closing price) will be followed by an open offer for an additional 26 per cent. READ MORE

3:14 PM

Earnings Alert:: Elecon Engineering Q4 net slips 30%; stock slumps 6%

Elecon Engineering Q4 net soared 77.2 per cent to Rs 59.39 crore for the quarter ended March 2023 when compared with Rs 33.52 crore in the quarter ended March 2022. Total income rose 35.6 per cent YoY to Rs 339.79 crore.

3:05 PM

News Alert:: IndiaMART InterMESH to consider bonus issue on April 28; stock up 2%

2:54 PM

Nykaa slips 3%, hits new low on heavy volumes; down for 5th straight day

Average trading volumes on the counter nearly doubled with a combined around 11 million equity shares having changed hands on the NSE and BSE so far. READ MORE

2:42 PM

Earnings Alert:: Mahindra Holidays Q4 net slips 30%; stock soars 5%

Mahindra Holidays & Resorts today reported a 29.8 per cent decline in net profit for Q4FY23 at Rs 31.26 crore as against Rs 44.50 crore in Q4FY22. ago. Total income, however, was up 10.6 per cent YoY at Rs 336.32 crore.

2:31 PM

ALERT :: ITC overtakes Infosys to become 6th most valued firm by m-cap

>> At 2:30 PM, m-cap of ITC stood at Rs 5.11 trillion vs Rs 5.08 trillion of Infosys

2:26 PM

Soaring temperature to power up related stocks; buy the dips, say analysts

Power distribution companies, such as Torrent Power, Tata Power, NTPC, and CESC, are expected to reap benefits of increasing power consumption. READ MORE

2:13 PM

IT services firm Persistent profit up 25.1%, annual revenue crosses $1 bn

IT services firm Persistent Systems reported on Tuesday a net profit of Rs 251.5 crore in Q4 FY23, up 25.1 per cent year-on-year and helped by steady growth in key segments. READ MORE

2:01 PM

PSBs extend gains on hopes of firm Q4; Nifty PSB index zooms 13% in 1 month

Among the individual stocks, Indian Bank and Uco Bank were up 3 per cent, Bank of Baroda, Indian Overseas Bank, Central Bank of India, Canara Bank and State Bank of India were up 2 per cent on the NSE. READ MORE

1:49 PM

Market Check:: Power stocks top gainers in listless trade; Adani duo lead charge

1:37 PM

Earnings Alert:: Meghmani Finechem Q4 net dips 22.5%; stock down 4%

Meghmani Finechem today reported a 22.5 per cent dip in Q4 net profit to Rs 76.73 crore for the quarter ended March 2023 as against Rs 99.09 crore in the corresponding quarter a year ago. Total income, however, was up 13.2 per cent YoY at Rs 566.72 crore.

1:28 PM

Escorts, Bank of India: Select midcap stocks are poised for up to 20% gain

Zydus Lifesciences, in particular, has been scaling 52-week highs with momentum staying highly elevated. Also, Aurobindo Pharma shares have seen a steeper rise, with aggressive chart structures. READ MORE

1:14 PM

Global Check:: Hang Seng, Taiwan shed up to 1.8% in Asia trade

Source: Yahoo Finance