Page 12 - Stock Market Today

Strong volume growth and rich valuations for Varun Beverages' stock

Revenue grew 29 per cent Y-o-Y to Rs 7,330 crore which was below expectations. Volume grew to 402 million cases, up 28 per cent

IPO listing today: Chetana Education shares list at 16% premium on NSE SME

Chetana Education shares listed at Rs 98.90 on the exchange, compared to the IPO issue price of Rs 85, yielding a return of 16.35 per cent per share for investors

Manglam Infra listing today: Shares make bumper debut, list at 90% premium

The grey market premium (GMP) of Manglam Infra Services' IPO shares soared over 92 per cent ahead of its listing on Wednesday, indicating solid listing gains for investors

Asian stocks steady, yen firm ahead of Bank of Japan's policy decision

Focus will be on whether the BOJ will raise rates, with several Japanese media reporting that the bank would consider raising rates

India's total market cap touches all-time high of $5.5 trn for first time

India's market capitalisation had closed above $5 trillion on May 24, 2024, as per Bloomberg data

Investors pin hope of govt support amid under-recoveries of BPCL, HPCL

HPCL has commissioned 126 new retail outlets, bringing the total outlets to 22,148

Loan growth, higher return ratio hopes positive for Bandhan Bank

The operating expenses grew 21 per cent Y-o-Y but reduced 8 per cent Q-o-Q to Rs 1,590 crore, which was lower than expectations

Sensex, Nifty end flat after see-saw trade; L&T stock rises over 2%

After hitting an intraday high of 24,999.75, the 50-share blue chip company index closed at 24,836, up 1.25 points over its previous close

Nestle India: Higher growth rates imperative to sustain high valuation

Nestle has been focusing on "RURBAN" and expanding its distribution reach. E-commerce continued to deliver double-digit growth

Paytm shares hit upper circuit on govt nod for investment in payments arm

The stock price surged on the back of reports claiming that the company had received the government nod to invest Rs 50 crore in its associate entity Paytm Payments Services Limited (PPSL)

Asian stocks remain on back foot as wild week winds down, Yen steady

Regional stocks took their cues from Wall Street, where the S&P 500 and tech-heavy Nasdaq slipped further after Wednesday's frenetic selling

Budget 2024: PMS firms rethink strategy after increase in STCG tax

Churn in holdings will attract higher tax; no-pass through advantage like MFs, AIFs

L&T likely to outperform guidance after strong Q1 FY25 performance

Assuming valuations at around 30 times price-to-earnings and valuing holdings in listed subsidiaries at a discount of 25% to fair-value, there could still be an upside of 15-20%

Slump in tech stocks knock Asia shares, yen towers at over 2-month high

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.7%, while Japan's Nikkei tumbled 2.9% and South Korea's KOSPI dropped 2%. Taiwan's markets were closed for a second day

Maintaining premium growth, sustained margins key for ICICI Prudential Life

The agency growth was driven by the addition of more than 12,000 agents, plus the launch of new products

Brokerages raise bets on FMCG, IT, consumer stocks after Budget 2024

Here are ten stocks where brokerages expected the maximum upside in their share price over the next 12 months

Union Budget 2024 remains largely neutral for stock markets in India

A breakout of 3% plus or minus - say 750 points on the Nifty - would reset the medium-term trend but this Budget does not seem to have provided the triggers either way

Asian stocks subdued after lacklustre earnings from US tech; yen firms

The US dollar was broadly firm, with traders watching out for an inflation reading on Friday and Federal Reserve meeting next week

Budget 2024: Tax breaks and rural triggers may keep consumer stocks in play

In addition to rural schemes, normal monsoons are expected to sustain the rally of consumer majors

Indian Hotels Company lacks valuation comfort despite strong outlook

IHCL continues to expand its network and has opened six hotels in Q1FY25, crossing the milestone of 325 hotels