Page 31 - Latest Updates on Stock Market
Mensa Brands is profitable with net revenue run rate of Rs 1,500 cr
The Ananth Narayanan-led firm achieved this in the first 12 months of operations and it has plans to hire 700 employees in 2022
 "Mensa Brands is profitable with net revenue run rate of Rs 1,500 cr")
Sun Pharma posts Rs 2,277 cr Q4 loss over settlement of pending US lawsuits
Provides for the settlement charges, says adjusted profit for Q4FY22 at Rs 1582 cr, up 18% YoY after excluding exceptional items of Rs 3,935.7 cr and one-time tax gain of Rs 76.4 cr
 "Sun Pharma posts Rs 2,277 cr Q4 loss over settlement of pending US lawsuits")
Tech funds run into rough weather in CY22, IT firms' stocks do well
Indian IT services sector is expected to benefit from digital transformation, particularly aided by cloud adoption.
 "Tech funds run into rough weather in CY22, IT firms' stocks do well")
Char Dham railway line: An uphill task in face of geological challenges
RVNL ready to build a curtailed link: that would mean the Indian Army will have to cover a longer distance to the China border by road.
 "Char Dham railway line: An uphill task in face of geological challenges")
Vedanta pledges 86% Hindustan Zinc stake in Q4 as govt preps to sell stake
Value of pledged shares put at Rs 73,102 crore; 22.8 per cent was pledged in December quarter.
 "Vedanta pledges 86% Hindustan Zinc stake in Q4 as govt preps to sell stake")
Piramal Enterprises logs Rs 151 cr net profit in Q4, overcomes loss
Board recommends a dividend of Rs 33 per share, subject to shareholder's approval.
 "Piramal Enterprises logs Rs 151 cr net profit in Q4, overcomes loss")
IndiGo Q4 numbers modest, but stock rises on hope of profit, traffic
Sustained growth in air travel and pricing discipline are key parameters for India's largest airline.
 "IndiGo Q4 numbers modest, but stock rises on hope of profit, traffic")
Aether Industries' IPO subscribed 6.3 times on final day of offer
Aether's Rs 808-crore offering capped a busy month for IPOs, which saw a cumulative mop up of Rs 30,140 crore by eight companies
 "Aether Industries' IPO subscribed 6.3 times on final day of offer")
Market strategy: Time to buy, sell or hold stocks? Here's what analysts say
Timing the markets to catch a low, analysts caution, will not be a wise strategy at the current levels given the slew of domestic and global developments over the next few weeks
 "Market strategy: Time to buy, sell or hold stocks? Here's what analysts say")
Music NFT marketplace FanTiger raises $5.5 mn from Multicon capital, others
FanTiger empowers independent artists to build fan communities on the platform and enable fans to help shape their career using music NFTs
 "Music NFT marketplace FanTiger raises $5.5 mn from Multicon capital, others")
As US buyers check for source, Surat diamond industry changes sales plan
Polishing units shift focus to domestic business as American clients shun Russian stones and company partly owned by the Kremlin comes under sanctions.
 "As US buyers check for source, Surat diamond industry changes sales plan")
How to identify entry, exit points in a stock?
In a choppy market, knowing entry and exit points may turn fortunes in your favour. They are crucial for a successful trade. Here are a few trading strategies to identify entry and exit points
 "How to identify entry, exit points in a stock?")
Sugar stocks' outlook turns sour as export ban fuels panic selling
While strong lobbying to reverse curbs is expected, share prices are seen hitting new 52-week lows before the new season rolls in
 "Sugar stocks' outlook turns sour as export ban fuels panic selling")
Limited cases of front-running taken up for scrutiny in 2020-21 amid Covid
The category accounts for under 5% of probes completed during the year, and under 3% taken up for scrutiny, shows an analysis of data from Sebi's last available annual report
 "Limited cases of front-running taken up for scrutiny in 2020-21 amid Covid")
Vodafone Idea shares gain 4% post fourth-quarter earnings announcement
The stock jumped 3.31 per cent to Rs 9.03 on the BSE; At the NSE, it went up by 4 per cent to Rs 9.05 apiece
 "Vodafone Idea shares gain 4% post fourth-quarter earnings announcement")
Pfizer stock falls as Covid pill fails in preventive therapy trial
The trial failure, along with reports of rebounding coronavirus levels in some patients who have completed a course of Paxlovid, are unlikely to change the drug's sales potential
 "Pfizer stock falls as Covid pill fails in preventive therapy trial")
Sensex bounces 563 pts off lows, ends 87 pts down; Nifty holds 17,050
CLOSING BELL: IndusInd Bank, NTPC, Tata Steel, HDFC, PowerGrid, and ITC were the major gainers
 "Sensex bounces 563 pts off lows, ends 87 pts down; Nifty holds 17,050")
Hindustan Unilever stock races ahead on Q4 show, market share gains
A normal monsoon, higher crop realisations and government measures for the segment will be critical for demand improvement going ahead.
 "Hindustan Unilever stock races ahead on Q4 show, market share gains")
Ineos Styrolution stock hits 20% lower circuit following OFS launch
The OFS announcement caught the market by surprise as the promoter holding in the company is at 75 per cent and no further divestment is required
 "Ineos Styrolution stock hits 20% lower circuit following OFS launch")
Investor wealth erodes by Rs 8 trn as markets falter for 5th straight day
Investors have become poorer by over Rs 8 trn in five days of market fall, with equity indices weighed by widespread selling amid bearish global cues.
 "Investor wealth erodes by Rs 8 trn as markets falter for 5th straight day")
