Page 34 - Stock Market Trading
Road ahead for Tata Motors depends on the pace of volume recovery
Tata Motors reported a 30 per cent year-on-year (YoY) growth in revenues while operating profit saw a 35 per cent jump
 "Road ahead for Tata Motors depends on the pace of volume recovery")
Petronet LNG Q2 results: Net profit down 10%, but turnover highest
The company is currently expanding capacity by 9 million tonnes at its LNG terminals in Dahej, and Kochi
 "Petronet LNG Q2 results: Net profit down 10%, but turnover highest")
upGrad's revenue rises to Rs 692 cr in FY22, losses widen to Rs 627 cr
The total expenses of the edtech unicorn for the fiscal were reported as Rs 1,319 crore in FY22, a jump of 157 per cent from Rs 514 crore last year
 "upGrad's revenue rises to Rs 692 cr in FY22, losses widen to Rs 627 cr")
Sensex dips 420 pts on weak global cues; Aurobindo Pharma down 12%, TaMo 5%
CLOSING BELL: Hero MotoCorp, HDFC Bank, Kotak Bank, ONGC, Bharti Airtel, and Dr Reddy's Labs, meanwhile, eked out gains up to 2.6 per cent
 "Sensex dips 420 pts on weak global cues; Aurobindo Pharma down 12%, TaMo 5%")
Stock of this hospital company has zoomed 115% from its May 2022 low
Shares of Rainbow Children's Medicare hit a new high of Rs 884 on Thursday; rallied 25 per cent in five days after the company delivered robust operational and financial performance for Q2FY23.
 "Stock of this hospital company has zoomed 115% from its May 2022 low")
Tata Power, Adani Transmission: Is the bull-run over in power stocks?
Earlier this year, Power Grid Corporation, Adani Transmission, Tata Power and Torrent Power scaled record highs, but now are seen trading almost 11 - 22 per cent lower from their respective peaks.
 "Tata Power, Adani Transmission: Is the bull-run over in power stocks?")
Sensex gyrates 537 points, ends 152 pts down; Nifty PSU Bank index rises 4%
CLOSING BELL: The Nifty50, meanwhile, shut shop at 18,157, down 46 points or 0.25 per cent
 "Sensex gyrates 537 points, ends 152 pts down; Nifty PSU Bank index rises 4%")
Ceat surges 16% from day's low post Q2 results; MRF skids 8% on muted show
Going forward, the management of Ceat expects the second half of this year to be better in terms of revenue and margins because of improving domestic demand and stabilising commodity prices.
 "Ceat surges 16% from day's low post Q2 results; MRF skids 8% on muted show")
Nykaa to turn ex-date on Thursday for 5:1 bonus issue; stock sheds 4%
The board of the company has fixed Friday, November 11, 2022 as the 'Record Date' for the purpose of determining the members eligible for bonus equity shares
 "Nykaa to turn ex-date on Thursday for 5:1 bonus issue; stock sheds 4%")
Nifty PSU Bank soars 26% in a month; BOI, Canara Bank, UBI rally 55%
The Nifty PSU Bank index hit a new high of 3,811.15 on Wednesday, and has zoomed 67 per cent from its 52-week low of 2,283.85, touched on June 20, 2022.
 "Nifty PSU Bank soars 26% in a month; BOI, Canara Bank, UBI rally 55%")
PI Industries surges 8%, hits all-time high on strong Q2 revenue growth
Analysts believe overall growth was mainly led by volume scale up and price hike while favourable product mix and currencies would also have contributed to growth.
 "PI Industries surges 8%, hits all-time high on strong Q2 revenue growth")
Brokerages downgrade Divi's Labs post Q2 letdown; stock falls 11% in 2 days
EBITDA margins declined 767 bps YoY to 33.5 per cent due to high energy and transport costs.
 "Brokerages downgrade Divi's Labs post Q2 letdown; stock falls 11% in 2 days")
Top headlines: New export clearence system, earthquake in Nepal, and more
Business Standard brings you the top headlines this hour
 "Top headlines: New export clearence system, earthquake in Nepal, and more")
Here's why Mehul Kothari is bullish on Glenmark Pharma, Muthoot Finance
According to the technical analyst from Anand Rathi, Glenmark Pharma can surge to Rs 460, while Muthoot Finance can rally to Rs 1,175.
 "Here's why Mehul Kothari is bullish on Glenmark Pharma, Muthoot Finance")
Sebi holds settlement hearing over probe in 2021 trading halt at NSE
Written submissions sought after hearings held in August
 "Sebi holds settlement hearing over probe in 2021 trading halt at NSE")
JK Lakshmi Cement soars 15% in 2 days on hopes of margin improvement ahead
Analysts said the results were better than estimated, mainly driven by better-than- expected realisations that were up around 17 per cent YoY to Rs 5,651/tonne (up 1.5 per cent QoQ)
 "JK Lakshmi Cement soars 15% in 2 days on hopes of margin improvement ahead")
Adani Enterprises storms into top-10 most-valued firms club; stock soars 3%
At 10:06 am, with a market-cap of Rs 4.52 trillion, Adani Enterprises stood at 9th position in the overall market-cap ranking, the BSE data showed.
 "Adani Enterprises storms into top-10 most-valued firms club; stock soars 3%")
Britannia zooms 10% on robust Q2 revenue growth; enters Rs 1 trn m-cap club
In Q2FY23, Britannia's consolidated sales grew 22 per cent YoY and 19 per cent QoQ at Rs 4,338 crore, aided by a mid-single digit volume growth.
 "Britannia zooms 10% on robust Q2 revenue growth; enters Rs 1 trn m-cap club")
Best of BS Opinion: Severe policy lapse, the stealth bull market, and more
Here is the best of Business Standard's opinion pieces for today
GAIL Q2 net profit down 46% on higher prices, Russian gas disruption
In an emergency bid to secure stable LNG supply, GAIL has sought to expedite talks on short- and long-term supply deals with Gulf firm ADNOC
 "GAIL Q2 net profit down 46% on higher prices, Russian gas disruption")