Page 2 - Market Trends

CreditAccess Grameen rallies 6% on hopes of strong earnings growth

Analysts believe the company is well positioned to capture huge untapped opportunity in MFI space via deeper penetration in new, existing geographies and increase in customer base.

Rail Vikas Nigam surges 9% after it bags order from NHAI, Indian Railways

The average trading volumes on the counter jumped three-fold as around 32.98 million shares changed hands on the NSE and BSE

Manappurm Finance hits 52-week high; up 11% in a week on improved outlook

CRISIL Ratings believes MFL's capitalisation and asset quality will remain strong supported by its gold loan business.

Overall breadth needs to improve for a reversal in Indian market

Over half of the Nifty 500 stocks are trading below 200-DMA, this points to a weak strength. Market breadth needs to improve if further highs are to be set

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.

Sensex soars over 1,000 points: Top factors behind Friday's bull run

Analysts, however, remain cautious over sustenance of this recent rebound as markets will face a slew of data driven activity in the coming days

VA Tech Wabag rallies 9% after it bags new order worth Rs 4,400 crore

As of December 31, 2022, VA Tech Wabag has an order book of over Rs 10,000 crore, that includes framework contracts, with 3 times revenue visibility

Kirloskar Brothers soars 10%; nears 52-week high on strong business outlook

The stock is inching towards its 52-week high of Rs 424 touched on November 25, 2022.

Sensex jumps 346pts, Nifty nears 17,100; Adani Enterprises soars 9%, ZEE 3%

CLOSING BELL: Adani Enterprises, Adani Ports, JSW Steel, Eicher Motors, HCL Tech, Bajaj Auto, Ultratech Cement, Tata Motors, and Hero MotorCorp were the large-cap winners

This smallcap aerospace & defense stock has zoomed 73% thus far in 2023

Zen Technologies believes that it will play a significant supporting role in the government's prestigious Agnipath initiative and efforts to modernize training.

Nykaa trades lower for 8th straight day, down 11%; stock nears record low

The stock was down 2 per cent so far today and quoted close to its record low level of Rs 120.75, touched on January 23, 2023.

Bandhan Bank crashes to 3-year low on heavy volumes

The stock has slipped 6% to Rs 185.45 and trades at its lowest level since April 2020.

Sensex, Nifty trim gains amid late sell-off; RIL shines, auto stocks whine

CLOSING BELL: The S&P BSE Sensex ended 127 points higher; Among the broader indices, the Smallcap index tumbled 1.6 per cent.

Aditya Birla Sun Life tanks 12% in 2 days; stock hits record low

Finance Bill 2023 has introduced an amendment that will classify capital gains arising from debt mutual funds as only short-term capital gains.

India's m-cap falls below $3 trn-mark; analysts see bumpy road ahead

So far in 2023, benchmark indices the S&P BSE Sensex and Nifty50 have tumbled up to 6.4 per cent, eroding India's m-cap by nearly $300 billion

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

Sensex sinks 398 pts, Nifty below 16,950 as STT hike, global cues weighs

CLOSING BELL: The debt mutual fund (Debt MF) investors will no longer receive the long-term capital gain tax benefit. Moreover, the Centre also hiked the STT on the sale of F&O contracts

Sundaram-Clayton trades ex-date for scheme of arrangement; stock slumps 19%

The board at its meeting held on February 9, 2022 has approved the Composite Scheme of Arrangement of the company for issue of bonus NCRPS and demerger of manufacturing undertaking.

Godrej Properties, Amber Enterprises hit 52-week lows; LIC at life-time low

LIC hit a life-time low of Rs 562.35, falling below its previous low of Rs 566 touched on February 27, and was down 9% in three weeks.

Campus Activewear slips 7% after over 9% equity changes hand on NSE

According to media report private equity firm TPG had plans to sell 7.62 per cent stake worth Rs 800 crore in Campus Activewear via block deal at Rs 345 per share.