Stock of the day I Sirca Paints | Revenue growth, stable margins, sales target
Sirca Paints enjoys a strong presence in northern markets with revenue growth of 36% YoY in 9M FY23. Margins remain stable despite volatility in input cost prices and are expected to benefit from the correction in oil prices. The company has been adding 50-60 dealers per month. Currently, the dealer count is pegged around 2000. Sirca Paints is targeting 25-30% sales growth for the next 2-3 years.
Maruti's soaring exports cannot compensate home market woes
Soft demand for passenger vehicles is a big challenge but Maruti's premiumisation strategy could boost profitability
Stock Of The Day: ZFCV | Strong Q3 FY23 Numbers & Demand Increases For LCV Segment
ZFCV is a leader with an 85 percent market share in the air-braking system and its fortunes are directly correlated with the CV segment. With the pickup in economic activities, and the re-opening of schools, colleges, and offices post the pandemic, the demand outlook across all pockets of the CV segment is very encouraging. Further, with the tailwinds coming in from the CV segment, the company reported a strong set of numbers in Q3 FY23. The numbers got a boost due to the significant cooling off of raw material prices.
Stock Of The Day: Ami Organics To Ride The Europe Plus One Trend
The dominant presence in some of the pharma intermediate molecules. ‘Europe plus one’ is taking traction for Chemicals. Multi-year contract with Fermion for one of its patented products. Gained traction in the electrolyte additives business. Gradual pickup in pharma demand after a recent lull. In specialty chemicals, company is expanding on the clientele side.
Adani Green Energy, NDTV to shift to ASM Stage-1 framework today
Leading bourses NSE and BSE have said that two Adani group stocks — Adani Green Energy and NDTV — will be moved to the first stage of the long-term additional surveillance measures (ASM) framework from Monday.
Six Adani group stocks end higher; two firms hit upper circuit
At the end of the session, the six group firms were settled in the green, while four closed in the red.
Noida International Airport | When Will Jewar Airport Be Completed? | Closest Metro To Noida Airport
The first phase of the Noida international airport will be completed in 2024. Moneycontrol went to ground zero to bring you some exclusive insights into the status of the project. How long will the construction take? Where is it exactly located? What will it take to build Asia’s largest airport? And when can YOU expect to catch a flight from Noida International Airport? Find out in this video!
Indian shares fall ahead of US jobs data; financials lead slide
The Nifty 50 index fell 1.05% to 17,411.30, while the S&P BSE Sensex lost 1.10% to 59,148.50, as of 10:19 a.m. IST.
Thiel Fund, venture firms advise companies to pull money from SVB
SVB’s shares sank to their lowest close since September 2016 on Thursday. Becker’s call was reported earlier by the Information. The shares continued to tumble in late trading, falling as much as 30%.
Wall Street sends stocks higher as Treasury yields, dollar ease
In morning trading, the Dow Jones Industrial Average rose 0.22%, to 33,076.7, the S&P 500 gained 0.40%, to 3,997.22, and the Nasdaq Composite added 0.5%, to 11,520.06.
AI stocks surge as investors bet on growth prospects
C3.a1 forecast better-than-expected revenue and profit for both the fourth quarter and fiscal year 2023, after its third-quarter results topped Wall Street estimates.
Punchy US data shoves world stocks toward biggest weekly fall of year
Comments from the Bank of Japan’s new incoming chief backing super-easy monetary policy had briefly lifted markets overnight but the selling snowballed again as the U.S. personal consumption expenditures price index notched its biggest rise since June.
FPIs' investment value in Indian equities drops 11% to $584 billion
This was largely on low return given by the Indian equities and exodus of foreign money from the domestic stock market.
US stocks open lower, extending pullback
Zomato shares ends 2% lower after Q3 loss widens
The stock of the foodtech giant declined 2.02 per cent to close at Rs 53.30 apiece on the BSE.
United Breweries shares settle over 4% lower after Q3 loss
On Thursday, United Breweries Ltd (UBL) reported a consolidated net loss of Rs 1.81 crore in the third quarter ended December 31, 2022 on account of impairment of assets in Tamil Nadu and Andhra Pradesh, besides higher expenses.
US stocks open higher as Disney gains
About 15 minutes into trading, the Dow Jones Industrial Average was up 0.7 percent at 34,187.90.
US stocks dip after rowdy State of the Union speech
About 20 minutes into trading, the Dow Jones Industrial Average was down 0.1 percent at 34,109.84.
Stocks mixed after Biden, Powell speeches
Wall Street woke up in the red, but European markets were up in afternoon deals, with London's FTSE 100 index hitting a record 7,934.30 points before paring down gains.
Tata Motors, Bharti Airtel and Barbeque-Nation Hospitality: Top stocks to watch on January 25
These are the stocks that will possibly be in the spotlight during trading hours on January 25. We explain the reasons why these stocks are buzzing before the Opening Bell and the factors that could come into play in trade. Check out this curated list of buzzing stocks from the Moneycontrol markets team and why they are in the news.
UltraTech Cement stock fall nearly 5% after quarterly results
The stock of the largest cement manufacturer fell 4.62 per cent to settle at Rs 6,846.90 apiece on the BSE. On the NSE, it declined by 4.42 per cent to end at Rs 6,860 per share.
Nasdaq lifted by Netflix subscription gains
About 15 minutes into trading, the Dow Jones Industrial Average was down less than 0.1 percent at 33,030.31.
Stock Market Live: TCS Surges Ahead Of Q3 Earnings; Why The Optimism? | Closing Bell
Bulls make a comeback on Dalal Street! Markets snap three-day losing streak with Nifty IT index leading from the front. Tech bellwether TCS has surged over 3% ahead of its Q3 earnings. What's driving the optimism? Santosh Nair and Yatin Mota discuss. Other stocks in focus: M&M, Page Industries and Zydus
Wall Street surges in bargain-hunting rally; oil slides
All three major U.S. stock indexes rose in a broad-based rally, with the tech-heavy Nasdaq leading the pack
