Latest Stock Market News

A total of 1,998,466 shares changed hands on the counter till 11:01AM (IST).

Alembic Pharma delivered a better than expected operational performance, led by better-than-industry growth in the Domestic Formulations (DF) segment and a one-time opportunity in US Generics.

Sharekhan expects standalone profit to surge 46.6 per cent YoY to Rs 2,466 crore. It sees NII climbing 27.3 per cent YoY to Rs 4,894 crore. NIM is seen at 4.5 per cent.

If the account is classified as fraud, it will prevent Kanoria from regaining control over the companies. Under 12A of the Insolvency and Bankruptcy Code (IBC), a promoter classified as a wilful borrower or an account classified as fraud cannot submit a settlement plan to lenders. Srei Equipment Finance and Srei Infrastructure Finance were admitted for corporate insolvency proceedings by the RBI last October. A fraud tag can also affect a defaulting promoter’s ability to control other businesses.

The number of goods bought, or volumes, fell 0.8% in the quarter, according to global consumer research firm Kantar Worldpanel (formerly IMRB).

Adani Green, Kotak Mahindra Bank, Adani Total Gas, Havells India, Tata Consumer Products, ABB, EIH, Deepak Nitrite, Equitas SFB and Oracle Financial Services are among companies which will announce their March quarter results today.

With inflation showing little sign of easing from its 40-year highs, the US central bank has set itself on a hawkish course of tightening this year, sending shivers through world markets.

"Commodity markets have remained extremely buoyant, sustaining the synchronous upsurge seen in 2021. We believe this is increasing the probability of aggressive monetary policy response and a hard landing. Hence, commodity markets should be the next one to correct. Therefore, it is unlikely to be an easy market for investors. A portfolio should be a balanced one, a mix of reasonable components of fixed income, credit, and non-cyclical equities. "

Promoters held 52.16 per cent stake in the company as of 31-Mar-2022, while FIIs owned 18.28 per cent, DIIs 15.77 per cent.

“I have been recommending a buy in HDFC Bank. I believe there has been significant correction from the levels it was at. At the current level, it does look attractive even for HDFC Limited. It is a good buy at current levels. Fundamentally, both are good buys and the merger is a step in the right direction.”