Page 17 - Latest Updates on Stock Market
MapmyIndia slips 4% to hit lowest level since listing; nears issue price
With today's decline, it has tanked 45 per cent from its 52-week high of Rs 1,918.35 touched on January 17, 2022
 "MapmyIndia slips 4% to hit lowest level since listing; nears issue price")
Chaman Lal Setia Exports soars 11%, hits 52-week high on heavy volumes
The company's revenue has grown 67% to Rs 676 crore YoY in H1FY23 supported by its strong position in the export market
 "Chaman Lal Setia Exports soars 11%, hits 52-week high on heavy volumes")
Key reasons why Sensex bounced back on Monday to rally 1,000 pts intra-day
Friday's correction saw a sharp short-covering on Monday as market put aside fears around the Covid-19 situation in China
 "Key reasons why Sensex bounced back on Monday to rally 1,000 pts intra-day")
eClerx Services slips 7% on turning ex-date for buyback via tender offer
The company has proposed to buy back 1.71 million equity shares at a price of Rs 1,750 apiece via tender offer route
 "eClerx Services slips 7% on turning ex-date for buyback via tender offer")
Poonawala Fincorp surges 13% after a 15% decline in past four trading days
Motilal Oswal Financial Services recently initiated coverage on Poonawalla Fincorp with a 'buy' rating and a target price of Rs 350 per share
 "Poonawala Fincorp surges 13% after a 15% decline in past four trading days")
L&T gains 2% on 'significant' order wins for its water treatment business
The company did not disclose the exact value of the orders. The value of the project is between Rs 1,000 crore to Rs 2,500 crore, as per L&T
 "L&T gains 2% on 'significant' order wins for its water treatment business")
Hold on to equity funds in 2023 despite turbulence, say experts
If you exit the market now, you could be left on the sidelines when a sustained recovery begins
 "Hold on to equity funds in 2023 despite turbulence, say experts")
Elon Musk warns against margin debt on risk of market 'mass panic'
I would really advise people not to have margin debt in a volatile stock market, Musk said
 "Elon Musk warns against margin debt on risk of market 'mass panic'")
Landmarks Cars makes weak debut; stock lists 7% below issue price
Post listing, the stock extended decline and slipped 12 per cent below its issue price to Rs 446.45
 "Landmarks Cars makes weak debut; stock lists 7% below issue price")
Stock of this PSU pharma company has zoomed 61% in 3 days on heavy volumes
The stock was locked in the 20% upper circuit; around 1.4 million shares, representing 3.2 per cent of total equity of the pharmaceutical company, changed hands on bourses
 "Stock of this PSU pharma company has zoomed 61% in 3 days on heavy volumes")
Ease in margins seen from Q4 for dairy cos; stay stock selective: Analysts
Dairy stocks: Analysts see the benefits of price hikes to begin accruing from the March quarter onwards, while the financial year 2023-24 (FY24) will be a steady year for the industry's margins
 "Ease in margins seen from Q4 for dairy cos; stay stock selective: Analysts")
Covid fears, profit booking pulls indices; Sensex down 635 points
Foreign Portfolio Investors (FPIs) were net buyers to the tune of Rs 1,119 crore, according to provisional data from exchanges
 "Covid fears, profit booking pulls indices; Sensex down 635 points")
Sebi to issue consultation paper for secondary market ASBA by March
Market regulator also working on new discussion paper for ESG rating providers
 "Sebi to issue consultation paper for secondary market ASBA by March")
NFO collections shrink in 2022 as new equity fund launches dry up
Fund houses came out with more schemes in 2022 than in 2021 but only a few caught the investors' fancy
 "NFO collections shrink in 2022 as new equity fund launches dry up")
Accenture's retained FY23 guidance hints slowdown for IT firms: Analysts
For FY23, Accenture has maintained its 8-11 per cent growth guidance. This is reportedly the first time since FY17 that the company has not upgraded its full-year guidance after the first quarter
 "Accenture's retained FY23 guidance hints slowdown for IT firms: Analysts")
IRCTC stock is still richly valued despite fall since news of OFS
While business prospects remain unchanged, one-year average target price of analysts is Rs 600
 "IRCTC stock is still richly valued despite fall since news of OFS")
Indegene files draft papers with Sebi; eyes Rs 3,200 crore via IPO
The IPO comprises a fresh issue of equity shares worth up to Rs 950 crore and an Offer For Sale (OFS) of up to 3.63 crore equity shares by existing investors, according to the DRHP
 "Indegene files draft papers with Sebi; eyes Rs 3,200 crore via IPO")
Abans Holdings, Landmark Cars IPOs get lukewarm response from investors
Abans' IPO consisted of Rs 103 crore fresh fund raise and Landmark Cars' IPO consisted of Rs 150 crore fresh fund raise
 "Abans Holdings, Landmark Cars IPOs get lukewarm response from investors")
IRCTC offer for sale oversubscribed, but stock declines more than 6%
Investors fear supply overhang; Centre has now reduced stake in firm by 25% in 3 years
 "IRCTC offer for sale oversubscribed, but stock declines more than 6%")
Indices settle higher on positive US inflation data, Sensex gains 145 pts
The broader NSE Nifty advanced 52.30 points or 0.28 per cent to end at 18,660.30
 "Indices settle higher on positive US inflation data, Sensex gains 145 pts")