Performer Financial News

Sun Pharmaceutical Industries, Lupin Ltd , Dr Reddy's Laboratories Ltd , Aurobindo Pharma , Cipla Ltd , Torrent Pharmaceuticals , Zydus Lifesciences have seen their stock price rise 27-133% in a year . As most of these companies trade near 52-week highs, Lupin leads the gains with Multibagger return of 133% in a year.

In a stock exchange notice today (2 May), the trust said he would be succeeded by Columbia Threadneedle portfolio manager Mine Tezgul, who the directors said was «very well suited» to deliver performance.  «The board will continue to monitor performance closely and looks forward to working with Mine and Lucy Morris, who will continue in her role as investment manager supporting the lead investment manager,» the directors said. «The board wishes to place on record its thanks to Sam for his commitment to the company since his appointment as lead investment manager in 2011 and wishes him...

₹2,390 crore/$2.2 per barrel in Q4, despite the sharp rise in end-of-period crude prices by $9.4 per barrel," said Hemang Khanna, analyst at Nomura Financial Advisory and Securities (India) in a report on 1 May. For perspective, the brokerage had factored crude inventory gains of ₹1,400 crore/$1.3 per barrel. Accordingly, IOC’s reported gross refining margin (GRM) in Q4 came in at $8.4 per barrel, missing analysts’ estimates.

IndiaMART InterMESH (Indiamart) surged 10 percent in intra-day deals today (May 2) on the back of robust March quarter (Q4FY24) results. The rise comes even after brokerages cut target price for the stock post its Q4 results. The stock rose as much as 10 percent to its day's high of ₹2,913.

Vishal Malkan, malkansview.com, says consumer durable and metal stocks are the flavours of the month and we are also looking at REC and PFC – the darlings of 2023 – that have started performing again. How does the trade setup look like, Nifty, Bank Nifty to start with? Vishal Malkan: The undertone of the market is very strong and we see that the Nifty is nearing the highs and Bank Nifty is trading above the all-time highs. I think the zone is set for bullish. Now, we just have to select the right stock and the right sector, I guess, which can add up to our returns. The current flavours of the month are more consumer durables and we are also looking at REC and PFC – the darlings of 2023 –that have started performing again.

Revenue from operations increased 5% year-on-year (YoY) to Rs 2,815 crore for the reporting period.

Axis Mutual Fund has announced the launch of Axis Nifty Bank Index Fund, an open-ended index fund tracking the Nifty Bank TRI. This open-ended index fund aims to track the Nifty Bank TRI, providing investors with a mechanism to participate directly in the growth narrative of leading Indian banks, the fund house said in a release. The new fund offer or NFO will open for subscription on May 3 and close on May 17.

Congress leader Shashi Tharoor has criticized the BJP's '400 paar' claim for the Lok Sabha polls, calling it a joke and suggesting that even '200 paar' may be a challenge for the ruling party. Tharoor, who was in a three-way contest in Thiruvananthapuram, expressed confidence in a «very comfortable win» and predicted that the BJP would draw a blank in Kerala, Tamil Nadu, and Andhra Pradesh. He also stated that the BJP would perform worse than its 2019 performance in the South. Tharoor, a Congress Working Committee member and former Union minister, highlighted the current sentiment among BJP voters as one of indifference and lack of enthusiasm. He noted that while there is no overwhelming wave in favor of the Congress and the INDIA bloc, the difference between this election and previous ones is that the BJP appears to be losing its majority, which he considers a foregone conclusion. Asked how it was looking for the Congress and the INDIA bloc after two phases of the polls, the former Union minister said, «190 seats have voted so far and what I am picking up from my sources, it is tremendously positive for our side. We are not suggesting that there is an overwhelming wave but there certainly isn't one for the government.»

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₹1,765.40 apiece on the BSE Thursday after the company reported strong earnings for the quarter ended March 2024. Netweb Technologies India’s net profit in the fourth quarter of FY24 jumped 181.8% to ₹29.66 crore from ₹10.52 crore in the year-ago quarter. The company’s revenue from operations in Q4FY24 increased 115.48% to ₹265.80 crore from ₹123.39 crore, YoY.

Q4 results 2024: Gujarat Toolroom share price has been on an uptrend for the last two days. The small-cap stock of 162 crore came under the radar of Dalal Street bulls when the company declared its board meeting date for discussing and approving the financial results for Q4FY24. In an exchange filing, the small-cap company informed the Indian stock market exchanges about the board meeting date and its agenda on April 29 2024.

₹2.1 trillion in April, according to data released by the finance ministry on 1 May. The monthly GST data has often been used as a barometer of how well the economy is performing. But the April data may not be so straightforward.

Atul Auto, a prominent player in the Indian three-wheeler market, surged by 10% to reach ₹581.90 apiece in today's early trade following the company's strong sales performance in April. In an exchange filing on Wednesday, the company said that it had sold 1692 vehicles during the month, marking a remarkable 136.64% increase compared to the 715 units sold in the same period last year. In FY24, the company witnessed a 1.92% increase in vehicle sales, with 26,039 vehicles sold compared to 25,549 in FY23.

Cognizant Technology Solutions (Cognizant) posted a 1.1% year-on-year (YoY) fall in revenue at $4.76 billion for the first quarter FY24 due to continued slowdown in discretionary spending by clients. Cognizant, whose majority of employees are based in India, follows the calendar year cycle from January to December.

A staffing company that performed COVID-19 contact tracing for Pennsylvania and exposed the private medical information of about 72,000 residents will pay $2.7 million in a settlement with the U.S. Justice Department and a whistleblower

Back in 2019, blockchain analytics firm Elliptic published research with the MIT-IBM Watson AI Lab showing how a machine learning model could be trained to identify Bitcoin transactions made by illicit actors, such as ransomware groups or darknet marketplaces. Now the partners have put out new research applying new techniques to a much larger dataset, containing nearly 200 million transactions.

₹9.46, marking an 80.28% Y-o-Y increase. In terms of market performance, Indostar Capital Finance delivered -5.71% return in the last week, with impressive returns of 52.6% in the last 6 months and 45.23% YTD.

As the US market navigates a delicate path to recovery, a significant number of retirement-age investors are focusing more on securing their financial futures rather than pursuing aggressive growth.

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