Page 15 - Latest Updates on Stock Market
Demat additions in Jan hit six-month high to take total past 110 mn
Nearly 2.2 mn new accounts added despite turbulence in the market
 "Demat additions in Jan hit six-month high to take total past 110 mn")
Stock of this smallcap company has zoomed 58% in 6 days on strong Q3 result
In the past 9 months, the stock of Apar Industries has skyrocketed 245 per cent
 "Stock of this smallcap company has zoomed 58% in 6 days on strong Q3 result")
Adani Ports rises for second straight day; stock up 26% from Monday's low
The stock rose even as global rating agency Standard and Poor's (S&P) on Friday revised the outlook on Adani Ports and Adani Electricity from 'stable' to 'negative'
 "Adani Ports rises for second straight day; stock up 26% from Monday's low")
TCS hits over 7-mth high; rises 4% in three days despite market volatility
Analysts at ICICI Securities expect TCS' margins to improve from FY23 onwards due to utilization improvement and moderation of sub-contractor costs
 "TCS hits over 7-mth high; rises 4% in three days despite market volatility")
Reconsider Satyam order: Securities Appellate Tribunal to Sebi
Regulator had fined Ramalinga Raju, others and banned them from market for 14 yrs
 "Reconsider Satyam order: Securities Appellate Tribunal to Sebi")
HDFC Life hits lowest level since May 2020; slumps 17% in two days
The government has lifted tax exemption on life insurance policies issued with aggregate premium of over Rs 5 lakh in a year (other than Ulips) with effect from April 1, 2023
 "HDFC Life hits lowest level since May 2020; slumps 17% in two days")
How Hindenburg Research gave a masterclass in financial globalisation
Even for those Indians who don't have shares in the Adani group, the concern now is the health of their portfolios
 "How Hindenburg Research gave a masterclass in financial globalisation")
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")
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")
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")
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")