Page 15 - Latest Updates on Stock Market
Budget 2023 a balancing act with focus on prosperity and inclusiveness
Budget 2023: Raising of tax slabs along with reduction in peak surcharge shall result in around Rs 35,000 crore being saved by tax payers and hopefully being spent to boost consumption
 "Budget 2023 a balancing act with focus on prosperity and inclusiveness")
Adani's $2.5 bn FPO faces critical final day amid Hindenburg turmoil
Adani is seeking to execute the landmark share sale just as it refutes allegations by Hindenburg that the Indian conglomerate used a web of companies in tax havens to inflate revenue and stock prices
 "Adani's $2.5 bn FPO faces critical final day amid Hindenburg turmoil")
Construction & infra firms among biggest wealth destroyers in past 20 years
They first reported a surge in stock prices and then all went downhill
 "Construction & infra firms among biggest wealth destroyers in past 20 years")
Adani group hits back at Hindenburg, insists made full disclosure
Adani's response stated that over the past decade, its group companies have "consistently de-levered"
 "Adani group hits back at Hindenburg, insists made full disclosure")
Gautam Adani's $2.5 bn share sale faces crucial day after rout in stocks
For 60-year-old Adani, the stock market meltdown has been a dramatic setback for a school-dropout who rose swiftly in recent years to become the world's third richest man
 "Gautam Adani's $2.5 bn share sale faces crucial day after rout in stocks")
Sebi may probe short selling to hammer down Indian markets: Report
The votaries of short selling consider it as a desirable and an essential feature of a securities market
 "Sebi may probe short selling to hammer down Indian markets: Report")
IIFL Securities December quarter profit after tax down 25% to Rs 64 crore
Total income also dropped 6 per cent to Rs 347 crore for the quarter under review from Rs 368 crore in the quarter ended on December 31, 2021
 "IIFL Securities December quarter profit after tax down 25% to Rs 64 crore")
Persistent Systems hits 9-month high; rallies 15% in 3 days post Q3 results
The company's strong performance in recent years, healthy order book, and strong deal pipeline indicate an encouraging demand trend, said Motilal Oswal
 "Persistent Systems hits 9-month high; rallies 15% in 3 days post Q3 results")
Hindustan Unilever's royalty hike move hits investor mood, stock dips 4%
Brokerages cut earnings given pressure on margins but see stock performing in long term
 "Hindustan Unilever's royalty hike move hits investor mood, stock dips 4%")
ONGC gains 2%, hits over 6-month high on hopes of strong earnings growth
According to Motilal Oswal, 2023 is likely to be a defining year for ONGC with two prominent triggers-- a rise in domestic oil & gas production, and a possible floor on gas realization
 "ONGC gains 2%, hits over 6-month high on hopes of strong earnings growth")
Analysts cautious on IndusInd Bank despite all-round beat in Q3; here's why
Nuvama Institutional Equities has downgraded IndusInd Bank's stock to 'hold' from 'buy'
 "Analysts cautious on IndusInd Bank despite all-round beat in Q3; here's why")
Adani Enterprises underperforms in run-up to FPO; slips 14% in last 1 month
Adani Enterprises is planning to launch its Rs 20,000-crore follow-on public offer (FPO) before the Union Budget on February 1
 "Adani Enterprises underperforms in run-up to FPO; slips 14% in last 1 month")
Speciality Restaurants hits new high ahead of EGM; zooms 41% in one month
On December 21, the board approved an issue of 6 million warrants, each convertible into 1 equity share of the company at a price of Rs 212.05 to allottees other than promoters
 "Speciality Restaurants hits new high ahead of EGM; zooms 41% in one month")
2022: A very unusual year
Last year was a nightmare best forgotten. This year started on a strong note for investors, but private markets are still due for a further shakeout
 "2022: A very unusual year")
Indian IPOs lit up after listing even as major global markets flashed red
India's outperformance vis-a-vis other markets happened in a year that witnessed high inflation, rising interest rates, and a bloody war in Europe
 "Indian IPOs lit up after listing even as major global markets flashed red")
Titan Company slips 2% to hit over four-month low; down 14% from 52-wk high
The stock was trading at its lowest level since August 23, 2022 and has slipped 8% in the last eight trading days
 "Titan Company slips 2% to hit over four-month low; down 14% from 52-wk high")
Infosys strong TCV, deal wins in Q3 lend comfort amid macro risks: Analysts
Infosys Q3 review: The company is likely to benefit from vendor consolidation opportunities, gain market share and see margin expansion going ahead, say analysts
 "Infosys strong TCV, deal wins in Q3 lend comfort amid macro risks: Analysts")
Kamdhenu Ventures to list on stock exchanges this month: Group CMD
Kamdhenu Ventures, the paints business of Kamdhenu Group, will be listed on the stock exchanges BSE and NSE later this month
 "Kamdhenu Ventures to list on stock exchanges this month: Group CMD")
Markets end on flat note amid unabated foreign fund outflows and weak trend
In a highly volatile trade, equity benchmarks ended on a flat note on Wednesday amid unabated foreign fund outflows and a weak trend in index heavyweight Reliance Industries.
 "Markets end on flat note amid unabated foreign fund outflows and weak trend")
Infosys Q3 growth may be muted on higher furloughs; PAT may rise 9-15% YoY
Infosys Q3 preview: The operating margin could improve by 10-40 basis points (bps) to up to 21.9 per cent sequentially aided by a weakened rupee, lower attrition and higher optimisation
 "Infosys Q3 growth may be muted on higher furloughs; PAT may rise 9-15% YoY")
