Page 28 - Markets

Street signs: Hospitality in focus, Vedant Fashions GMP at 5%, and more

Brokers are advising clients to build long positions in hotel and restaurant stocks on hopes of a sharp uptick in business

M-cap of eight of 10 most valued Indian firms jumps over Rs 1.51 trn

In the ranking of top-10 firms, RIL remained the most valued firm followed by TCS, HDFC Bank, Infosys, ICICI Bank, HUL, SBI, HDFC, Bajaj Finance and Bharti Airtel.

IPO-bound LIC ropes in 6 independent directors on its board

With the appointment, the total number of independent directors goes up to 9 and all vacancies are filled.

Markets await RBI policy decision, will be volatile this week: Analysts

Stock markets are expected to witness volatility this week with domestic factors such as RBI policy decision and quarterly earnings by big players driving the investor sentiment, analysts said. Also, movement of the rupee, Brent crude and foreign institutional investors (FIIs) would be keenly watched by investors, they added. "Among important events, participants will be closely eyeing the MPC's monetary policy review meet this week and its outcome is scheduled on February 9. Besides, on the macro front, IIP data will be released on February 11," said Ajit Mishra, VP Research, Religare Broking. "We have some big names like Bharti Airtel, Jindal Steel, ACC, Hero Motocorp, Tata Power, Hindalco and M&M that will announce their numbers during the week along with several others," Mishra added. "Markets have been witnessing volatile swings, mirroring their global counterparts and it may continue in near future. Besides, the upcoming event i.e MPC's review and earnings would further add .

Sustained growth in these three segments will drive ITC stock's re-rating

Good print across segments and consistency in execution can drive re-rating of ITC from current levels, highlighted Kotak Institutional Equities

Sun Pharma hits six year-high; gains 13% in last eight days on strong Q3

In Q3, the company has witnessed stronger growth than anticipated in the US, Emerging Markets and RoW.

Barbeque-Nation shares climb nearly 3% post third quarter earnings

Shares of Barbeque-Nation Hospitality Ltd on Friday jumped nearly 3 per cent after the company reported a consolidated net profit of Rs 14.83 crore for the third quarter ended December 2021.

Lupin slips 5%, nears 52-week low post December quarter results

The company reported lower-than-expected margins and net profit in December quarter due to one-time expenses related to residual metformin returns and provision for aged stock returns of Oseltamivir.

SBI, Bank of Baroda to report Q3 results on Saturday; here's what to expect

According to analysts, SBI can see continued traction in their operating performance, supported by modest business growth, while BoB may see a weak Q3 earnings show

Harsha Engineers files draft papers with Sebi to raise Rs 755 cr via IPO

This is the Ahmedabad-based company's second attempt to go public.

Amazon helps stocks steady but prospects for rate hikes loom over markets

MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.4%, led by a 1.5% rise for the Hang Seng index in its first day of trading after this week's Lunar New Year holidays.

Why are investors dumping IT stocks on Dalal Street?

IT stocks have been on a downward spiral in 2022. In comparison, the Nifty50 index has moved up over 2% during this period. What is ailing the sector and why is it out of flavour on Dalal Street?

Meta's share price wipe-out shakes up world technology stocks

It marked the company's worst one-day loss since its Wall Street debut in 2012

India's entry into global bond indices likely put off till FY24

India's entry into global bond indices will happen later, possibly in FY24, because the conditions are not right now, said a government official

Jubilant FoodWorks: Analysts cut earnings forecasts by up to 14% post Q3

Jubilant's decision to stop disclosing SSSG is a negative development, and any further deterioration in disclosures by the company could impact its multiples in the future, analysts said

Budget with BS, Ep 13: Business Standard editors read the Budget fine print

Sensex snaps 3-day winning run, ends 770 pts down; Nifty tops 17,750

Among sectors, all the key indices ended in the red, led by the Nifty IT index (down 2 per cent) and the Nifty Realty index (down 1.7 per cent). Nifty Auto index was the only gainer, up 0.4 per cent.

Amber Enterprises hits record high; stock rallies 27% in one week

In Q3FY22, the company's revenue, Earnings before interest tax and depreciation and amortization (EBITDA) and profit after tax (PAT) surpassed the pre-pandemic level.

Elgi Equipments soars 34% in 4 days on strong earnings hope

In the past three months, the stock price of the company has zoomed 110 per cent as compared to 1 per cent decline in the S&P BSE Sensex

Adani Wilmar IPO allotment today: How to check your allotment status

In the grey market, which is an unofficial platform for trading in IPO shares, Adani Wilmar shares are available at a premium of Rs 40 as of today.