UPS Financial News

Pidilite Industries Ltd. traded 2.34 per cent lower in Monday's session at 01:39PM (IST). The stock opened at Rs 2925.6 and has touched an intraday high and low of Rs 2949.8 and Rs 2903.85, respectively, during the session so far. The stock quoted a 52-week high of Rs 3073.2 and a 52-week low of 2293.1. About 5,202 shares changed hands on the counter so far.

Tata Power Company Ltd. traded 0.34 per cent down in Monday's trade at 01:44PM (IST). Around 4,260,484 shares changed hands on the counter. The stock opened at Rs 400.15 and touched an intraday high and low of Rs 441.4 and Rs 400.15, respectively, in the session so far. The stock of Tata Power Company Ltd. quoted a 52-week high of Rs 444.1 and a 52-week low of Rs 193.05.

Swaminathan Aiyar, Consulting Editor, ET Now, says “the emphasis is on more of the same. The thing is not to be different. The aim of the exercise is saying I am guaranteeing you that I have done so well for you. I am such a fantastic guy, the world looks up to me, I have improved India’s stature in the world, I have defended you against Pakistan, so I am such a great guy. I am giving you more of the same and I am giving my guarantee that I am more of the same. So, the emphasis really is more of the same, I would say, rather than saying how it is different.” Aiyar further says: “In four areas – education, employment, environment, and the police judicial system, major structural reforms are required, but they have not been attempted. And they have not been attempted because they are not easy areas to do. The attempts so far have not got very far. The BJP does not want to rock the boat at this particular point of time, even though it does have the political capital to do so. So, it is not attempting to do structural change in these four very important areas.”

Mahindra Group will foray into the hybrid renewable energy segment with an investment of Rs 1,200 in a solar and wind project, the company said in a stock exchange filing on Monday. Mahindra Susten, its renewable energy platform, will develop the project along with Ontario Teachers' Pension Plan Board as a strategic partner. As a part of this project, the group will install ˜101 MW wind capacity and ˜52 MW solar capacity. The project will be one of the largest co-located solar + wind hybrid projects in Maharashtra to deliver clean energy to Commercial and Industrial (C&I) customers, it said.

In the unlisted market, the company's shares are trading with a GMP of Rs 20. This compares with an offer price of Rs 80 apiece.

Supreme Court on Monday adjourned the medical bail plea of Prabir Purkayastha, Newsclick founder and Editor-in-Chief, lodged in Tihar jail under anti-terror law, for April 22. A bench of Justices BR Gavai and Sandeep Mehta adjourned to next Monday the plea of Purkayashta, seeking bail on medical ground, as senior advocate Kapil Sibal representing him was unavailable. Earlier, the apex court had directed the All India Institute of Medical Sciences (AIIMS) to set up a medical board to examine the health condition of Purkayastha.

global maritime industry is set for tougher and more challenging times after Iran ramped up West Asia tensions by launching an unprecedented drone and missile attack on Israel, causing supply chain disruption and increasing the probability of choking shipping routes, experts here have said. Iran's attack on Israel marks a distinct escalation in hostilities by bringing the two nations into direct conflict. Iran and its proxies launched 330 missiles and drones on Israel late on Saturday night in retaliation to an alleged attack by Israel on a diplomatic mission of the Islamic Republic in Damascus on April 1 in which several people, including two top commanders, were killed. There is a concern about the probability of a Persian Gulf shutdown, though many maintain hope of defusing fierce tension in the region, a delegate at the opening of Singapore Maritime Week on Monday, told PTI.

Lancet report that asserted that the Indian government spends just 1.2 per cent of GDP on healthcare and noted that it was among the lowest among G20 countries, sources in the government said that spending is at an all-time high and out-of-pocket expenditure as a per cent of the total health expenditure has decreased. «As per the National Health Policy, 2017, public investment in health is envisioned to reach 2.5% of GDP by 2025. Ministry of Health and Family Welfare (MoHFW) has taken up with States to prioritize allocation to the health sector and enhance their health budgets by at least 10 per cent every year to reach the goal as envisaged,» one of the sources said. The budget estimates of the Department of Health and Family Welfare have reached from Rs 86,175 crore in 2023-24 from Rs 36,948 crore in 2014-15, thereby showing an overall increase of 133.23 per cent during the period, they said.

The stock opened at Rs 1036.5 and touched an intraday high and low of Rs 1047.6 and Rs 1018.45, respectively, in the session so far. Shares of the company of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 1068.65 and a 52-week low of Rs 580.2.

On Monday, the government releases its report on retail sales for the month of March; on Tuesday, United Airlines issues its first-quarter earnings report, followed by Netflix on Thursday

Page Industries Ltd. traded 1.76 per cent down in Monday's trade at 11:21AM (IST). Around 887 shares changed hands on the counter. The stock opened at Rs 35200.05 and touched an intraday high and low of Rs 35830.0 and Rs 35200.0, respectively, in the session so far. Shares of the company of Page Industries Ltd. quoted a 52-week high of Rs 43599.0 and a 52-week low of Rs 33100.0.

Strait of Hormuz on Saturday. Amir-Abdollahian conveyed this to External Affairs Minister S Jaishankar during a telephonic conversation on Sunday, according to an Iranian readout. In the talks, Jaishankar called for release of the Indians onboard Portuguese-flagged cargo vessel MSC Aries.

K Krithivasan, CEO & MD and NG Subramaniam, COO, TCS, in conversation with ET Now. Krithivasan says: “This quarter we started talking about both AI plus generative AI pipeline, it is about 900 million for us. The revenue numbers, once it becomes material, we would start declaring that number also. But that revenue would be not only directly what you do using generative AI. So much work needs to happen in terms of getting the data ready, in terms of cloud migration as is required. Generative AI is going to have a long tail of other kinds of related work that needs to happen. Subramaniam says: “I would agree, except that one more thing I will add is that we are growth, efficiency, innovation or AI innovation, all happening at the same place, at the same time, and in a way that we are running a marathon and a sprint at the same time.” Is growth back? K Krithivasan: We have been looking at our TCV for the last four quarters. We have been reporting very impressive TCV and we believe that with this TCV, growth has to come back. But we do not know whether it will come in Q1 or Q2. I do not want to make that call. But overall, we believe FY25 would be a better year than FY24.

Tube Investments of India Ltd. traded 0.86 per cent down in Monday's trade at 11:16AM (IST). Around 3,279 shares changed hands on the counter. The scrip opened at Rs 3356.05 and touched an intraday high and low of Rs 3537.0 and Rs 3356.05, respectively, in the session so far. The stock of Tube Investments of India Ltd. quoted a 52-week high of Rs 4120.8 and a 52-week low of Rs 2497.0.

Bharat Electronics Ltd. slipped 0.23 per cent to Rs 232.9 in Monday's trade as of 10:45AM (IST). The stock hit a high price of Rs 233.15 and low of Rs 225.9 during the session. The return on equity (ROE) for the stock stood at 21.53 per cent. Traded volume on the counter stood at 10:45AM shares and turnover at Rs 19.97 crore around that time. The stock of Bharat Electronics Ltd. quoted a 52-week high price of Rs 235.2 and 52-week low prices of Rs 100.01, respectively.

Revanth Reddy has made predictions regarding the upcoming Lok Sabha elections, suggesting that Prime Minister Modi's party may not achieve the landslide victory it seeks. Despite the bold slogan «Ab Ki Baar, 400 Paar,» Reddy anticipates a more modest outcome for the ruling party. In an interview on Rajat Sharma's show «Aap Ki Adalat,» Reddy said, «There are 129 LS seats in the South. In Karnataka, they can win at most 10 to 12 seats and in Telangana they can win only two seats this time, compared to four in 2019.» Reddy further elaborated, «Even if they score 100 per cent, they can win only up to 300. ...The remaining 100 seats they can win only in Pakistan, not in Hindustan.»

Metropolis Healthcare with a target price of Rs 2135. The current market price of Metropolis Healthcare is Rs 1779.5. Metropolis Healthcare Ltd., incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 9113.96 Crore) operating in Hospitals & Allied Services sector.

Rupala, the BJP's nominee from Gujarat's Rajkot Lok Sabha seat, is facing agitation by Kshatriya community members, political analysts and voters believe the Union minister will emerge victorious. While the analysts claim Rajkot is an «unbreachable fortress» of the BJP, voters laud the development works done by the government under Prime Minister Narendra Modi's leadership. Rupala recently claimed the erstwhile 'maharajas' succumbed to the persecution of foreign rulers, including the Britishers. Despite Rupala's apology, the Kshatriyas, also called Rajputs, see his remarks as an insult to them and have asked the BJP to withdraw his candidature or face defeat in Rajkot, a Patidar-dominated seat considered as BJP's stronghold.

Havells India Ltd. fell 0.07 per cent to Rs 1509.0 in Monday's session as of 10:30AM (IST) even as the equity benchmark Sensex traded 531.08 points lower at 73713.82. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 1590.9 and a 52-week low of Rs 1174.35 on NSE. Around 12464 shares changed hands on the counter till 10:30AM (IST).

MphasiS Ltd. traded at Rs 2430.0 on BSE at 10:35AM (IST) on Monday, down 0.61 per cent. The stock quoted a 52-week low price of Rs 1660.65 and a high of Rs 2835.0. Earlier in the day, the stock saw a gap down opening.

Samir Seksaria, CFO and Milind Lakkad, CHRO, TCS, in conversation with ET Now. Lakkad says: “We had a meeting of minds and all the vice chancellors and directors of all major institutions in India, all IITs, NITs, IISCs, IIMs – all premium institutions – came and we spent a good day-and-a-half with them. Primary purpose is basically how do we integrate better. This is a journey and more and more integration, more and more backward integration, more and more how do we shift left more so that we get industry ready people quickly.” Seksaria says: “We believe if the macro environment improves and growth comes back, growth being a bigger lever, it will help us accelerate this journey better. Else we are quite happy with where we are exiting Q4.”