Deepak Korgaonkar

HDFC Bank stock hits new all-time high, market-cap tops Rs 14 trillion

In the past six months, HDFC Bank has outperformed the market by surging nearly 20 per cent, as compared to 6.7 per cent rise in the BSE Sensex.

This recently listed IPO has zoomed 75% against its issue price in 5 days

This recently listed IPO has zoomed 75% against its issue price in 5 days

Rate sensitive shares gain up to 3% as RBI keeps repo rate unchanged

SBI, Indian Bank, UCO Bank, Bank of Maharashtra, Punjab & Sind Bank, Canara Bank and Punjab National Bank from the PSU banks were up in the range of 1 - 3 per cent.

Larsen & Toubro gains nearly 3% as hydrocarbon business wins mega contract

The engineering and construction company, however, did not provide the exact value of the contract, but specified that as per its classification, a mega project is of over Rs 7,000 crore.

CLSA upgrades Bajaj Finance as it logs record customer, loan growth in Q4

Loans booked by consumer financier Bajaj Finance jumped 20 per cent YoY to 7.6 million in Q4FY23, taking the total loans booked by the lender in FY23 to 29.6 million, its highest-ever in a year

ONGC, Oil India surge up to 6% as oil prices rise post OPEC+ output cut

Sustained higher crude oil prices and gas realisations can result in better profitability for upstream oil and gas companies, analysts said

RIL up 4%; Lenders, shareholders to meet May 2 for financial arm's demerger

The move is expected to create a big player in segments including the NBFC (non-banking financial company) space with net worth of Rs 25,851 crore as of March 2022.

Inflation, rate hikes play market party poopers in FY23; smallcaps hit hard

The small-caps were hit on the chin with the S&P BSE Small-cap index slipping nearly 7 per cent thus far during in FY23, underperforming the S&P BSE Midcap and the BSE 500 indexes

Kalyan Jewellers tanks 11% on large block deal; over 39 mn shares exchanged

According to a media report, Warburg Pincus, one of the key investors in KJIL, was likely to offload a 2.5 per cent stake in the company through a block deal today

Butterfly Gandhimathi slips 5% on merger with Crompton Greaves Consumer

Crompton Greaves will issue 22 fully paid up shares of Rs 2 each for every five fully paid up shares of Rs 10 each of Butterfly

Jindal Saw hits over 5-year high; zooms 94% in 3 months on healthy outlook

The company said that the future of the global steel pipe market looks promising with opportunities in oil and gas, water and wastewater, power generation, automotive, and other industrial sectors

MF inflow in equities crosses Rs 1.5-trn for second straight fiscal

Thus far in FY23, MFs have pumped in a net Rs 1.53 trillion in equities till March 1, 2023, Securities and Exchange Board of India (Sebi) data show, as compared to Rs 1.72 trillion in FY22

SC directs Sebi to probe Adani; group stocks hold gains amid heavy volumes

Adani Enterprises, the Group flagship company, saw around 38.96 million equity shares (3.4 per cent of total equity) worth of around Rs 5,487 crore change hands on the BSE this morning.

Vedanta slips 9%, hits four-month low amid heavy volumes

Growth capex, along with moderation in operating profitability, and higher than expected dividend payout is expected to result in increased leverage this fiscal

Samvardhana Motherson's SAS acquisition reasonably priced: Analysts

They say it will add 10-15% to firm's revenue and Ebitda, allow product and geographical diversification

6 out of 10 Adani group stocks locked at 5% lower circuit in firm market

The Central government has agreed to form an expert committee to strengthen the regulatory regime in order to ensure that market investors are protected.

Adani Green, Adani Transmission, Adani Total Gas hit 52-week lows

Adani Ports and Special Economic Zone, Adani Wilmar, ACC, Ambuja Cements and New Delhi Television (NDTV) are down in the range of 1 per cent to 5 per cent.

Dixon hits 52-week low before closing 19.19% down on poor Q3 show

Cuts FY23 guidance, but expects sales to improve in FY24

Timing of Hindenburg report is curious; market reaction overdone: Analysts

The Hindenburg report comes on the heels of Adani Enterprises' (AEL) plans of Rs 20,000 crore follow-on public offer (FPO) announced a few days ago

Zomato plunges 15%, hits lowest level since July 2022 on heavy volumes

In the past three months, the stock price of Zomato has tanked 31 per cent, as compared to 1.5 per cent rise in the S&P BSE Sensex