BUSINESS
Bikaji Foods International trades lower on stake sale
India 2020 Maharaja Limited has sold more than 60 lakh shares in Bikaji Foods International at an average price of Rs 422.67 a share
BUSINESS
Zydus Wellness gains after Norges Bank sells stake
For FY23, the Glucon-D maker's standalone net profit stood at ₹66 crore, a 400 percent jump from the previous fiscal
BUSINESS
Zomato ahead in battle with Swiggy, brokerages maintain ‘buy’
JM financial reiterates Zomato as top pick in the listed internet space due to its strong market leadership among food aggregators and improvement in profitability trends
BUSINESS
Bharti Airtel gains 2% after Airtel Business reshuffles leadership team; CEO quits
Post CEO Chitkara resignation, Bharti Airtel has restructured leadership in the enterprise arm by dividing it into three segments.
BUSINESS
Polycab India gains 2% as Jefferies reiterates 'buy' stance
Jefferies is bullish on the stock with a base case target price of Rs 4,270. It expects cables and wires segment revenue to post a 15 percent CAGR over FY23-26e, primarily led by capex revival, infrastructure development and housing sector upcycle
BUSINESS
Gainers & Losers: 10 stocks that moved the most on June 9
At close, the Sensex was down 223.01 points or 0.35% at 62,625.63, and the Nifty was down 71.10 points or 0.38% at 18,563.40. About 1705 shares advanced, 1727 shares declined, and 107 shares unchanged.
BUSINESS
Gateway Distriparks surges 5% as ICD Faridabad connects to DFC
Gateway Distriparks has successfully operated a container train on DFC from its ICD in Faridabad, Haryana to Mundra Port in Gujarat.
BUSINESS
Gujarat Pipavav gains 2% as port services resume
Port operation resumed on June 7 evening , more than a week after a storm knocked out power supply and disrupted movement of vessels
BUSINESS
GATI gains over 7% on strong volume recorded in May
Volumes in May continued to exhibit a positive trajectory. An uptick was seen in the last week of May on the back of preparations for the upcoming festive season.
BUSINESS
Suzlon Energy jumps 14 percent, extends 3-day gains to 25%
In its earnings call, group CEO JP Chalasani stated that the company's cumulative orders of 1,542 megawatts are the highest since 2019.
BUSINESS
Suzlon surpasses 20 GW Wind Energy Installations, stock ends 4.5% higher
Shares of Suzlon Energy closed at Rs 11.50, ending 4.55 percent higher from previous close
BUSINESS
HBL Power systems, Kernex Microsystems surge on optimism for Kavach system
These recent developments have sparked optimism among investors, as the government focuses on prioritising safety measures and the deployment of the Kavach system. The companies are well-positioned to benefit from potential government contracts.
BUSINESS
Gainers & Losers: 10 Stocks that moved the most on June 1
About 2034 shares advanced, 1408 shares declined, and 120 shares unchanged.
BUSINESS
Auto sales May 2023: Cars, two-wheelers thrive; commercial vehicles face challenges
Overall, there are expectations for volume growth, with passenger vehicle sales shining in May. However, volumes for commercial vehicles are expected to be subdued due to advance buying in previous months.
BUSINESS
Gainers & Losers: 10 stocks that moved the most on May 31
The Sensex was down 346.89 points or 0.55 percent at 62,622.24, and the Nifty was down 99.40 points or 0.53 percent at 18,534.40. About 1,679 shares advanced, 1,733 shares declined, and 133 shares were unchanged.
BUSINESS
Suzlon Energy shares jump 9% after on the back of strong Q4 numbers
The wind energy solutions provider posted a consolidated net profit of Rs 320 crore for the quarter ended March quarter on the back of lower expenses.
BUSINESS
Fairchem Organics jumps 7% despite muted Q4 results
Fairchem has posted net profit of Rs 11.86 crore for the fourth quarter, up 5.48 percent YoY.
BUSINESS
GDMC gains 3% after strong Q4 performance
Annually, the mining PSU enterprise and lignite seller reported revenue of Rs 3,502 crore, marking a growth of 22% from Rs 2,732 crore.
BUSINESS
Gainers & Losers: 10 stocks that moved the most on May 30
The Sensex was up 122.75 points or 0.20 percent at 62,969.13, and the Nifty was up 35.10 points or 0.19 percent at 18,633.80. About 1,640 shares advanced, 1,766 shares declined, and 112 shares unchanged.
BUSINESS
Ujjivan Small Finance Bank hits new 52-Week high after RBI's action
The rally in Ujjivan Small Finance Bank shares can be attributed to an announcement made by the bank regarding the withdrawal of the additional director from the bank's board by the Reserve Bank of India.
BUSINESS
Ahluwalia Contracts share price gains for second session on robust Q4 performance
Axis Securities maintained a "buy" rating on Ahluwalia Contracts India with a target price of Rs 650 per share on the back of strong financial performance and additional order worth Rs 2,500 crore expected to be secured.
BUSINESS
Hikal Ltd's shares surge 11% on robust Q4 numbers
The agrochemicals and pharmaceutical company reported a 74 percent YoY growth in net profit, amounting to Rs 36 crore for Q4FY23. Sequentially, the net profit grew by 37 percent in Q4 FY23, driven by a better product mix.
BUSINESS
Gainers & Losers: 10 Stocks that moved the most on May 29
At close, the Sensex was up 344.69 points or 0.55 percent at 62,846.38, and the Nifty was up 99.40 points or 0.54 percent at 18,598.70.
BUSINESS
Greenlam Industries surges 13% on robust Q4 numbers
The laminates and decorative veneers manufacturer has reported a 109.59 percent YoY growth in net profit at Rs 54.32 crore for Q4FY23.
