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A record was broken ahead of the Memorial Day weekend for the number of airline travelers screened at U.S. airports

Exide Industries, Tata Motors DVR and Bharat Forge skyrocketing about 100-140 per cent.Out of 16 components in the index, as many as nine stocks have surged over 75 per cent in the last one year, according to Trendlyne data.Expectations of robust sales in FY25 are among the biggest factors boosting automobile stocks. A revival in the rural market has driven this surge, as forecasts of a normal monsoon and stable raw material prices promise healthy margins.Experts believe the two-wheeler market may outshine the passenger and commercial vehicle segments in volume growth.Also Read: Lok Sabha elections 2024 trading: Kripashankar Maurya of Choice Broking recommends buying these 7 stocks for short termAtul Parakh, the CEO of Bigul pointed out that automobile stocks have surged due to strong demand fueled by economic reopening, consumer spending shifts post-pandemic, and the transition to electric vehicles (EVs).

₹512.5 crore. The company's revenues for FY24 increased to ₹2,000.3 crore, an 11.3% YoY rise.

Bonus shares 2024: The Board of Directors of Remedium Lifecare Limited has declared the issuance of bonus shares to its eligible shareholders. The company board made this decision in its board meeting on Monday, which discussed its unaudited financial results for Q4FY24. The company board considered and approved the issuance of bonus shares in a 3:1 ratio.

₹2.41 for Q4 which decreased by 17.43% Y-o-Y.Elgi Equipments has delivered 2.53% return in the last 1 week, 24.78% return in last 6 months and 19.81% YTD return.Currently the Elgi Equipments has a market cap of ₹20642.84 Cr and 52wk high/low of ₹714.2 & ₹463 respectively.As of 28 May, 2024 out of 3 analysts covering the company, 1 analyst has given Strong Sell rating, 1 analyst has given Sell rating &1 analyst has given Buy rating.The consensus recommendation as on 28 May, 2024 was to Sell.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹76.24CrQuestion : What is Q4 revenue?Ans : ₹865.94CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

Also Read: Stock to buy: Anand Rathi recommends Olectra Greentech as its stock pick of the monthAs a result, companies in the passenger vehicle (PV) segment have demonstrated strong performance, reporting impressive volume growth. This has subsequently driven increased demand for these companies' stocks, leading to a significant rise in their market value.Notably, Mahindra & Mahindra (M&M), the automotive and farm equipment flagship of the Mahindra Group, was one of the stellar performers in recent years.

₹21.56 for Q4, which increased by 42.79% Y-o-Y.Natco Pharma has delivered 3% return in the last 1 week, 31.9% return in the last 6 months, and 26.87% YTD return.Currently, Natco Pharma has a market cap of ₹18437.57 Cr and a 52wk high/low of ₹1108.35 & ₹615.5 respectively.As of 28 May, 2024, out of 9 analysts covering the company, 1 analyst has given a Strong Sell rating, 1 analyst has given a Sell rating, 1 analyst has given a Hold rating, 4 analysts have given a Buy rating, and 2 analysts have given a Strong Buy rating.The consensus recommendation as of 28 May, 2024, was to Buy.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹386.3CrQuestion : What is Q4 revenue?Ans : ₹1068.3CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

₹2.2 for Q4 which increased by 52.44% Y-o-Y.Sumitomo Chemical India has delivered 8.69% return in the last 1 week, 14.62% return in last 6 months and 10.6% YTD return.Currently the Sumitomo Chemical India has a market cap of ₹22012.33 Cr and 52wk high/low of ₹449 & ₹336.1 respectively.As of 28 May, 2024 out of 8 analysts covering the company, 1 analyst has given Sell rating, 1 analyst has given Hold rating, 2 analysts have given Buy rating & 4 analysts have given Strong Buy rating.The consensus recommendation as on 28 May, 2024 was to Buy.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹109.7CrQuestion : What is Q4 revenue?Ans : ₹674.2CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world

stock market behaving unpredictably in a highly volatile environment amid Lok Sabha elections, mutual fund investors are caught between fear and greed. On one hand, investors are fearing a correction as the market is already at peak and on the other hand the boom is bringing in FOMO. In the last month, sectoral/thematic funds have topped the return chart and offered double-digit returns. HDFC Defence Fund, the topper in the list, gave 17.54% return in the last one month. Invesco India PSU Equity Fund and Canara Robeco Infrastructure Fund offered 14.86% and 14.79% returns, respectively.

Stock Market News: The domestic benchmark indices, the Sensex and Nifty 50, started off Tuesday's session with minor gains amid mixed global cues. Reliance Industries and HDFC Bank both saw buying, and the monsoon outlook was favourable.The 30-share BSE Sensex opened up by 194.90 points, or 0.26%, at the 75,585.40 level, while the Nifty 50 started off at the 22,977.15 level, up 44.70 points, or 0.19%.Nifty 50 is predicted to continue its upward trajectory, said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, as per PTI news report.

₹1,600 - 1,700 , Olectra Greentech share price has successfully broken out of a bearish trendline that had persisted for 3 - 4 months. “Olectra Greentech stock is now comfortably maintaining its position above this trendline, indicating a strong upward movement.

Stocks to buy or sell: The frontline indices of the Indian stock market continue to scale new highs, but they have failed to sustain themselves at higher levels, especially the Nifty 50 and the BSE Sensex. After climbing to the new peaks, Nifty and Sensex witnessed heavy selling pressure at the closing bell on Monday.

Q4 results on May 28: At least 30 companies are set to announce their FY24 fourth quarter (Q4) financial results today, on Tuesday, May 28.Also Read | Q4 results this week: LIC, IRCTC, Aditya Birla Fashion, Tata Steel among companies to declare earnings; check full listThe FY24Q4 earnings season began in the second week of April and is still ongoing. Over 500 companies are scheduled to announce their fourth-quarter results this week.In domestic markets, the FY24Q4 results will have a significant impact on stock movements.

Sensex eased 19.89 points to close at 75,390.50, while the Nifty 50 settled 24.65 points, or 0.11%, lower at 22,932.45.Nifty 50 formed a bearish candlestick pattern at the all-time high level on the daily charts, indicating profit booking.“Yesterday’s negative closing seems to be more of a breather after the recent sharp upmove. Nifty continues to hold above the 20 and 50 day SMA.

Sensex eased 19.89 points, or 0.03%, to close at 75,390.50, while the Nifty 50 settled 24.65 points, or 0.11%, lower at 22,932.45.“Amidst the celebration, there looms a question regarding the sustainability of this bullish trend. The previous day unfolded with cautious trading, anticipating heightened volatility in the near term.

Life Insurance Corporation (LIC) is contemplating a foray into the health insurance sector and is currently assessing potential acquisition prospects, reported The Times of India quoting LIC chairman Siddhartha Mohanty. The move comes amid a proposal to allow composite insurance companies in the sector. «There is an expectation that composite licences may be permitted by the new govt, and we have done some internal groundwork. While we lack expertise in general insurance, we are interested in health insurance and are also considering opportunities for inorganic growth,» said LIC chairman Siddhartha Mohanty. In February 2024, a parliamentary committee recommended the implementation of composite insurance licenses to reduce expenses and regulatory burdens for insurance providers. At present, life insurance companies are restricted to offering extended health insurance benefits. Enabling life insurance companies to furnish hospitalization and indemnity coverage would necessitate an amendment to the Insurance Act.

Buy or sell stocks for today: Despite strong global cues, the Indian stock market remains range-bound and ended flat on Monday. The Nifty 50 index finished 24 points lower at 22,932 after touching a new peak of 23,110 mark.

Stock market strategy: After a sixth phase of polling in Lok Sabha Election 2024, poll pundits are busy assessing the Lok Sabha Election outcome on 4th June 2024. However, stock market experts are also active as they zero in on the segments that may outperform the average market returns in the short, medium, or long term.

committee will examine if manufacturing of nutraceuticals should be allowed within drug manufacturing facilities. India's drug regulator had said earlier that action will be taken against those flouting norms by manufacturing supplements and drugs in the same facility. However, following objections raised by various pharma lobbies, the drug regulator has formed a committee that will give its recommendations within three weeks on the issue. The committee comprises senior officials from the regulatory authority, experts from the National Institute of Pharmaceutical Education and Research (NIPER) and an industry expert.

Indian stock market: Both Nifty 50 and Sensex remained steady after reaching new peaks earlier in the trading day on Monday, May 27. However, they later retreated from these highs due to profit-taking at elevated levels, influenced by a mix of global signals.

Nifty 50 tops 23k mark; can Indian stock market sustain gains? Experts weigh inMany experts believe the Nifty 50 is currently overvalued, and a negative surprise in the Lok Sabha election results could trigger a significant market correction. However, if the election outcome aligns with expectations and India's economic growth maintains its momentum, the Nifty 50 may sustain its current valuation.Mint spoke to several experts to take their views on the current valuation of the Indian stock market.