Markets / Business Today
Olectra Greentech share price: The stock settled 4.67 per cent higher at Rs 1,233.90 on Wednesday. At this closing price, it has gained 13.13 per cent in just three trading days.
BHEL share price: The scrip traded higher than the 5-day, 10-, 20-, 30-, 50-day and 100-day simple moving averages (SMAs) but lower than the 150-day and 200-day SMAs.
Infosys Q4 results: Choice Broking sees Infosys revenue growing 10.5 per cent YoY despite seasonal softness. It sees EBIT margin contracting 10bps QoQ due to wage hikes & lack of topline growth in Q4.
Wipro ADRs slipped 3.19% to $2.73 on NYSE. This indicates the stock is likely to see some downside, when US market opens today.
Wipro Q4 FY25 results: During the quarter under review, profit came at Rs 3,569.6 crore compared to Rs 2,834.6 crore in the corresponding period last year (Q4 FY24).
Gujarat Gas was trading 0.7 per cent lower at Rs 429.35. MGL shares fell 4.8 per cent to Rs 1,252.50. IGL was down 1.37 per cent at Rs 176.51.
Easy Trip Planners stock plunged 10.86% to Rs 11.90 today against the previous close of Rs 13.35 on BSE.
Sebi has barred Gensol and its promoters -- Anmol Singh Jaggi and Puneet Singh Jaggi -- from participating in the securities markets due to allegations of fund diversion and issues related to corporate governance.
Gold prices have reached a historic high of $3,318 amid US-China trade tensions, a weak US Dollar, and safe-haven demand.
The firm approved the acquisition of a 51% stake in Ascent Fund Services (Singapore) Pte. Ltd. for $34.68 million. It plans to acquire the remaining 49% stake over five years.
ICICI Securities has initiated coverage Niva Bupa Healthwith a positive outlook as the it believes that the health insurance player is poised for strong execution delivering sector-leading performance.
YES Bank: The lender received an additional demand notice of Rs 244.20 crore from the income tax department. The lender said it would contest the tax demand.
Aster DM Healthcare shares gained 2.78% to Rs 503.15 against the previous close of Rs 489.50 on BSE.Market cap of the firm stood at Rs 24,933 crore.
ICICI Securities has 'Buy' ratings on Suzlon Energy, Inox Wind, Premier Energies, JSW Energy, Tata Power, ACME, Adani Green Energy and CESC.
Wipro stock was trading on a flat note at Rs 246.60 today ahead of Q4 earnings. Market cap of the firm stood at Rs 2.58 lakh crore.
Smallcap czar Anil Kumar Goel added two news stocks in his portfolio, while Madhusudan Kela, Dolly Khanna and Ashish Kacholia added at least one stock each between January-March 2025.
About 155 BSE500 companies have reported their shareholding details for the March quarter so far. Among them, 87 companies saw a decline in FPI holdings.
The Adani Group stock was trading on a flat note at Rs 542.90 on BSE. Market cap of the firm climbed to Rs 2.09 lakh crore today.
RIL share price: The stock today fell 0.45 per cent to Rs 1,234.35. At this price, it has moved up 8.84 per cent in the last six months.
Wipro Q4: Emkay Global expects Wipro to report 19.3 per cent YoY rise in net profit at Rs 3,382 crore on 1.5 per cent YoY rise in sales at Rs 22,659 crore.
Mahanagar Gas shares felt most of the pain as the counter dived 6.45 per cent to hit a day low of Rs 1,231.
IREDA share price: The PSU stock climbed 742 per cent to hit a high of Rs 179.50 on BSE. With this, the PSU stock has rallied 16.69 per cent in the past one week against 4 per cent rise in the BSE Sensex.
Angel One Q4 results preview: The discount brokerage firm is scheduled to announce its results for the quarter and financial year ended on March 31, 2025 on Wednesday, April 16.
Bajaj Finance share price: Bajaj Finance stock has gained 25% in the last three months and risen 31.48% this year.
Sun Pharma declined 0.93 per cent to Rs 1,689.35. About10 per cent of the Sun Pharma's US specialty revenues is formulated in the US, as per some estimates.
Gensol Engineering shares ended 2.29% lower at Rs 130.15 on BSE. Market cap of the firm fell to Rs 494.60 crore.
IndusInd Bank shares: FPI holding jumped 479 basis points to 29.53 per cent at the end of March quarter against 24.74 per cent in the December quarter, as per data compiled with corporate database AceEquity.
ICICI Prudential Life Insurance shares closed 2.62% higher at Rs 567.60 on BSE in the previous session on BSE.
Nifty futures on the NSE International Exchange traded 67.90 points, or 0.29 per cent, lower at 23,273, hinting at a negative start for the domestic market on Wednesday.
IndusInd Bank: Based on the findings of the external agency report, the private bank has assessed an adverse post-tax impact of 2.27 per cent on its net worth as of December 2024, attributable to the discrepancies.
Stocks including TCS, IndusInd Bank, ICICI Prudential Life, IREDA, Vedanta, Adani Total Gas, Swiggy, NHPC, Dabur India, MGL and Gensol will be in the spotlight on Wednesday, April 16.
An analyst from Master Capital said that Nykaa has confirmed a bullish breakout from a rounding bottom formation on the daily chart, signaling a potential trend reversal.
In a regulatory filing, the lender confirmed that the financial implications of this derivatives issue will be reflected in its FY25 financial statements.
SEBI has also prohibited both Anmol and Puneet Singh Jaggi from serving as directors or key managerial personnel at Gensol during the period of the restriction.
IREDA Q4 FY25: The state-run renewable energy financier's revenue from operations climbed 36.93 per cent to Rs 1,905.06 crore in Q4 FY25 compared to Rs 1,391.26 crore in the year-ago period.
Investec recently upgraded Vedanta shares to 'Buy' from earlier 'Hold'. The stock now presents an appealing opportunity with an average FCF/dividend yield of 12/7 per cent over FY26-27E, the brokerage said.
Gensol share price: The stock eventually settled 2.29 per cent lower at Rs 130.15. At this closing value, it has cracked 83.16 per cent in the calendar year 2025 so far.
Expert and seasoned investor Advait Arora said the probability of incurring a loss in the Sensex decreases significantly the longer you stay invested.
BNP Paribas sees 90 per cent upside on Fedbank Financial Services, 64 per cent on SBI Life, 52 per cent on Axis Bank, 47 per cent on HDFC Bank and 25 per cent on IndusInd Bank.
Adani Power stock gained 7% to Rs 554.55 on BSE. Market cap of the firm climbed to Rs 2.08 lakh crore.
Brokerage firms remain largely negative on Orient Cement after it reported a muted set of performance in the March 2024 quarter amid the delays in acquisition by Adani Group.
Allied Blenders share price: The scrip traded lower than the 5-day, 10-, 20-, 30-, 50-, 100-day and 150-day simple moving averages (SMAs).
ICICI Securities finds Vodafone Idea worth Rs 8. It has targets of Rs 1,925 on Bharti Airtel and Rs 335 on Indus Towers. BNP Paribas suggested a target of Rs 2,000 for Bharti Airtel against Rs 1,825 earlier.
GM Breweries stock rose 3.97% to Rs 666.75 on Tuesday against the previous close of Rs 641.25 on BSE. Market cap of the firm climbed to Rs 1,498 crore.
On the stock-specific front, shares of Adani Power Ltd surged the most, rising 7.04 per cent to hit a high of Rs 554.55. Last checked, the stock was up 4.80 per cent at Rs 542.95.
Brokerage firm JM Financial has shared its views and targets for the utilities sector companies including Suzlon, BHEL, ACME Solar, NPTC & more ahead of March 2025 quarter results.
Adani Green Energy stock climbed 5.33% to Rs 941 on BSE. Market cap of Adani Green Energy stood at Rs 1.47 lakh crore.
In a conversation with Business Today, Manish Goel, Founder and Managing Director of Equentis Wealth Advisory Services, shared his views on current market conditions, sectoral trends, and investment strategies for FY26 amid global uncertainty
Mazagon Dock shares: The PSU stock surged 10 per cent during the trading session on Tuesday ahead of the record date for its interim dividend for the financial year 2024-25.
The brokerage attributed the revision of Sensex target to high tariffs imposed by the US and their likely impact on global economic growth.