NSE share market NEWS tomorrow (25 April, 2024). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (25 April, 2024). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 25 April 2024
Abb Power was amongst the top gainers, currently trading at 9329.50 in NSE with 14.059 times change in volumes and 13.598% change in price. Other gainers included Multi Commodity with 8.371% price change and 1.265 times volumes, Bharat Forge with 7.353% price change and 5.023 times volumes, Inox Wind with 7.066% price change and 6.253 times volumes, and Mazagon Dock with 6.332% price change and 2.088 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.
Kotak Mahindra was amongst the top losers, currently trading at 1642.45 in NSE with 20.084 times change in volumes and -10.872% change in price. Other losers included Odisha Cement with -7.966% price change and 4.753 times volumes, Indian Hotels with -5.058% price change and 2.977 times volumes, Macrotech Developers with -2.971% price change and 2.458 times volumes, and Oracle Financial with -2.932% price change and 3.289 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.
Other stocks which made news headlines today and can be traded tomorrow are below.
Koo halts salary payments amid financial woes, seeks strategic partners. Indian platform that was once seen as a potential rival to Twitter says that it is in discussions with potential strategic partners
KPI Green Energy Q4 results: Net profit rise 36% to Rs 43.04 crore. KPI Green Energy on Thursday posted nearly 36 per cent rise in consolidated net profit to Rs 43.04 crore in the March quarter mainly on the back of higher revenues. The consolidated net profit of the company was Rs 31.77 crore in the year-ago period, the c
Bajaj Finance Q4 results: Consolidated net up 21% at Rs 3,825 crore. The board of directors of Bajaj Finance has recommended a dividend on equity shares at the rate of Rs 36 per share of face value of Rs two each for the financial year ended March 31, 2024
Q4 results: Weak communications show dials down Tech Mahindra revenue. Ahead of the earnings, Tech Mahindra's shares were up 0.3 per cent to close at Rs 1,190.10 on the Bombay Stock Exchange.
Nestle India Q4FY24 results: Net profit soars 27% to Rs 934 crore. Company to launch Nespresso in India, announces joint venture with Dr. Reddy's Laboratories
Unilever says Lifebuoy and Lux impacted by cost deflation in India. The global consumer major also saw negative price impacts on its fabric cleaning business
Disney Star viewership in IPL rises by 18% to reach 475 million: BARC. MI vs CSK witnessed 63 million concurrent viewers tuning in during Dhoni's batting, making it the highest for this season
Vedanta Q4 results: Net slips 27% to Rs 1,369 crore on Tuticorin impact. Expects steel asset divestment by September, demerger of businesses on track for completion in cy24, said executives
Jai Balaji Industries Q4 results: Profit at Rs 273 crore, income up 15%. Jai Balaji Industries Ltd (JBIL), a city-based steel product company, on Thursday said it posted a standalone net profit of Rs 273 crore for the fourth quarter ended March 2024 against a loss of Rs 13 crore in the corresponding period last year. Total inco
Will continue to invest in tie-ups with Chinese firms, says Mercedes-Benz. China is 'the most dynamic new energy vehicle market', country chief Hubertus Troska said at a press conference on the opening day of the Beijing auto show
FirstCry set to withdraw 0 million IPO papers after regulatory scrutiny. For the year ended March 31, 2023, its losses jumped six times to .6 million, while its total income more than doubled to 4 million, its draft papers show
GlaxoSmithKline sues Pfizer, BioNTech over Covid-19 vaccine technology. GSK said in the lawsuit that Pfizer and BioNTech's Comirnaty vaccines violate the company's patent rights in mRNA-vaccine innovations developed "more than a decade before" the outbreak of COVID-19
IndusInd Bank Q4 results: Net profit rises 15% to Rs 2,349 crore. The lender spends 8 per cent to 10 per cent of its cost to income on IT-related expenditure
Glenmark Life Sciences Q4 results: Profit dips 33.62% to Rs 97.93 crore. For the fiscal year 2023-2024, Glenmark Life Sciences reported revenue from operations of Rs 2,283.2 crore, marking a growth of 5.6 per cent year-over-year (Y-o-Y)
RBI directs Talkcharge to stop PPI, wallet issuance; refund balances. The fintech firm offers services such as cashbacks, coupons, and wallets to customers
REC gets 60.5 bn yen green loan from Italian export credit agency SACE. The arrangement between SACE and REC is a breakthrough and a first-of-its-kind collaboration between an Indian government entity and SACE
IndiGo places billion order for 30 A350-900 widebody aircraft. To mark foray into long-haul routes, taking the fight to A-I, foreign carriers
Kotak Mahindra Bank's loan, deposit growth may be impacted after RBI curbs. The regulator put restrictions on the bank citing gaps in the IT systems which the lender failed to address
Tata Steel to invest £1.25 billion in electric arc furnace in Port Talbot. The decision follows seven months of formal and informal national-level discussions with the UK Steel Committee (the multi-union forum) and its advisers, the company said
Dow sees quarterly sales below estimates over weak consumer durables demand. Retail sales in Germany, Europe's largest economy, fell unexpectedly in February, while the continent's manufacturing activity continued its decline during the first quarter
17,000 credit cards mapped to wrong users, no misuse reported: ICICI Bank. The second largest private sector lender, however, said that no instances of any misuse have been reported because of the error, and also promised to compensate users for any financial loss
Kotak Mahindra Bank actively working to address RBI's concerns: CEO. RBI barred Kotak Mahindra Bank from onboarding any new customers through its online and mobile banking channels and also prohibited it from issuing fresh credit cards
Edelweiss Alt's fund acquires Bengaluru's MMTP Projects for Rs 1,500 cr. Edelweiss Alternatives on Thursday said a fund managed by it has acquired Bengaluru's MMTP Projects for Rs 1,500 crore. The company owns an asset of 1.1 million square feet of gross leasable area in MFAR Manyata Tech Park, Bengaluru, and the acquisition ha
Indian startup funding declines 3.1% to .3 billion in Q1 CY2024. The country saw the creation of two unicorns - companies valued at over billion - during the quarter, namely Ola Krutrim and fintech Software as a Service (SaaS) firm Perfios
Nawaz Modi Singhania removed from board of 3 Raymond Group firms. Their shareholders wrote to the companies that they lost confidence in Singhania as a Director and requested to convene a shareholder meeting to remove her from the boards, the statements said
HUL rebrands Horlicks as 'functional nutritional drink', removes 'health'. Rebranding offers clearer and more transparent representation of the product category, says company
Macquarie calls off plans to sell renewable energy company Vibrant Energy. The plan was called off due to a discrepancy in the valuation of Vibrant Energy, which has an enterprise value of 0 million
Happiest Minds Technologies to acquire PureSoftware for Rs 779 crore. IT company Happiest Minds Technologies Ltd on Thursday said it will acquire PureSoftware Technologies for a total consideration of USD 94.5 million (Rs 779 crores). Happiest Minds Technologies has signed definitive agreements to acquire 100 per cent of the
Godrej Electricals & Electronics secures orders over Rs 1,000 cr in FY'24. Godrej Electricals & Electronics on Thursday said it has secured orders worth over Rs 1,000 crore in financial year 2023-24 in power and infrastructure business. These orders predominantly entail both Air Insulated Switchgear (AIS) and Gas Insulated Switch
Tech Mahindra and Bajaj Fin among 38 firms to report Q4 results today. TCS, Infosys, and Wipro are IT majors that have already declared their numbers for the quarter
Nestle India March quarter results: PAT up 27% at Rs 934 cr, revenue up 9%. Nestle India January-March quarter financial results: Company announces a dividend of Rs 8.50 per equity share
Air India Express offers discounted tickets to young first-time voters. The deal is available to first-time voters aged between 18 and 22, who have a valid voter ID and are travelling to or from airports near their respective home constituencies
FSSAI collects samples of Nestle Cerelac's baby cereals amid sugar row. Regulator says it take 15-20 days to complete the process, responds after news report on consumer goods company
Glenmark Life Sciences Q4 results: Profit down 33% at Rs 97.9 crore. Revenue from its API business, its biggest, fell 8.6% in the fourth quarter, leading to a nearly 14% fall in its total revenue
Vedanta Q4 results: Net profit falls 27% to Rs 1,369 cr, revenue down 6%. Shares of Vedanta closed trading at Rs 380.80 on Thursday following the company's Q4FY24 results
ACC Q4 results: PAT grows over three-fold to Rs 749 crore, revenue up 13%. Revenue from operations rose nearly 13% to Rs 5398 crore, helped by a 22.4% rise in consolidated sales volumes
Tech Mahindra Q4 results: Net profit drops 40% at Rs 661 cr; income down 5%. Tech Mahindra Q4FY24 results: The company announced an interim dividend of Rs 28 per share
Welspun Living Q4 results: Net Profit increases 16% to Rs 146 crore. Analysts expect a further increase in demand and easing prices of key raw materials, such as cotton, to boost textile firms' bottomline in the next few quarters as well
Happiest Minds to acquire Noida-based PureSoftware for .5 million. The IT company aims to boost its domain capabilities in BFSI, healthcare and life sciences through this acquisition
IndusInd Bank Q4 result: PAT up 15% to Rs 2,349 cr on healthy loan growth. The bank's net loans grew 18%, it had said in its quarterly update earlier this month, outpacing a 14% growth in deposits
Coromandel International Q4 results: Profit falls 35% to Rs 163 crore. Revenue from operations fell about 28% to Rs 3,913 crore, making it the company's fourth consecutive quarter of decline
SBI General Insurance result: Net profit jumps 30.4% to Rs 240 cr in FY24. SBI General Insurance on Thursday reported a 27.6 per cent rise in net profit at Rs 240 crore for the financial year ended March 2024. The non-life subsidiary of State Bank of India had recorded a net profit of Rs 188 crore in the previous financial year.
ITC plans to open more hotels overseas with West Asia in focus: CMD Puri. India's diversified entity ITC plans to open more hotels overseas with neighbouring countries and the Middle East as primary target markets after opening of its first international property here, company Chairman and Managing Director Sanjiv Puri said on
Harley-Davidson quarterly profit declines by 23% owing to slow demand. Global motorcycle shipments, including those of Cruiser, Trike and Touring bikes, fell 7% in the quarter from a year earlier
Nestle India, Dr Reddy's to form JV for nutraceutical brands in India. Nestle India and Dr Reddy's Laboratories Ltd on Thursday announced that they have entered into a definitive agreement to form a joint venture to bring innovative nutraceutical brands to consumers in India and other agreed territories. A joint press release
Food delivery major Swiggy gets shareholder nod for potential .2 bn IPO. The company is also looking to raise around Rs 750 crore from anchor investors ahead of its IPO, which is expected later this year
AI offers remarkable opportunity for India: Qualcomm India President Soin. India, with its growth engines roaring, is the "place to be", Qualcomm India President Savi Soin has said, adding that the country has a "remarkable opportunity" with hybrid Artificial Intelligence (AI). The San Diego, California-headquartered chip designe
Audi India to hike prices by 2% starting June 2024 amid rising input costs. The recent financial year witnessed Audi India retail 7,027 units, marking an overall growth of 33 per cent
Lohia Global to foray into real estate biz as housing demand rises in India. In addition to Moradabad, by 2030, the company will develop residential projects in Lucknow and Delhi NCR with a total investment of Rs 1,000 crore
IndiGo places first-ever widebody aircraft order for 30 Airbus A350 jets. Such a deal would be worth more than billion, as per the last catalogue rates published in 2018
Arun Alagappan appointed as executive chairman of Coromandel International. His appointment comes as A. Vellayan retires from the position of chairman and non-executive director with effect from the close of Wednesday
Embassy REIT Q4 results: Net operating income up at 13% to Rs 766 cr. Embassy Office Parks REIT on Thursday reported a 13 per cent increase in its net operating income to Rs 765.6 crore and announced distribution of Rs 494.8 crore to unit holders in the fourth quarter of the last fiscal year. Its net operating income stood a
Inox Wind board cleares bonus issue in 3:1 ratio to its shareholders. Wind energy solutions provider Inox Wind on Thursday said its board of directors have cleared a proposal to issue bonus shares in the ratio of 3:1 to its shareholders. The bonus shares shall be issued to the shareholders whose names appear in the Register
Bajaj Finance Q4 results: Net profit rises 21% to 3,824 cr, revenue up 34%. Shares of Bajaj Finance Ltd closed trading at Rs 7,293.90 on Thursday ahead of the company's Q4FY24 results
L&T Technology Q4 result: Revenue rises 7% aided by strong deal wins. BENGALURU (Reuters) - Indian engineering research and development services provider L&T Technology Services reported a 7% rise in its fourth-quarter revenue on Thursday, in line with street expectations, aided by strong deal wins.
Cyient Q4 results: Net profit rise 15.9% at Rs 189 crore, revenue up 6.3%. The company's digital, engineering and technology segment accounted for 80% of its overall revenue
Nestle India, Dr Reddy's to form joint venture for nutraceutical brands. This collaboration aims to expand their complementary nutraceutical portfolios in areas like metabolic care, hospital nutrition, general wellness, women's health, and child nutrition
Fundraise of Rs 18,000 cr 'fresh lease of life' for Vi, says KM Birla. Aditya Birla Group chairman Kumar Mangalam Birla on Thursday said the Rs 18,000-crore fundraise by Vodafone Idea is a "fresh lease of life" for the company and asserted that the telco will stage a smart comeback. The company, which has been struggling to h
Swiggy secures shareholders' approval to raise over Rs 10,400 cr via IPO. Food and grocery delivery major Swiggy has received shareholders' approval for an initial public offering to raise Rs 10,414 crore fund through issue of fresh equity shares and an offer for sale, according to sources. A special resolution was passed at an
Flipkart bets big on generative AI to improve customer, seller experience. Datar expects that, as the company builds scale, it will be able to improve on the returns on investment (ROI) it is witnessing from its AI bets
Syngene Q4 results: Net profit up 6% to Rs 189 cr, revenue declines 8%. Syngene International shares ended the day's trade on BSE at Rs 694.2 apiece, down one per cent
Nippon Life AMC Q4 results: Profit after tax jumps 73% to Rs 343 crore. Nippon Life India Asset Management Ltd on Wednesday reported its highest-ever quarterly profit after tax (PAT) at Rs 343 crore for the March quarter, marking a 73 per cent jump from the year-ago period. The company had posted a PAT of Rs 198 crore in the y
FSIB recommends Ashutosh Kumar for SBI MD, Asheesh Pandey for Indian Bank. FSIB, the headhunter for directors of state-owned banks and financial institutions, on Wednesday recommended Rana Ashutosh Kumar Singh for the post of Managing Director of State Bank of India (SBI). Singh is currently serving as deputy managing director at
Rapido to offer free rides to differently-abled voters in Karnataka. Ride-hailing platform Rapido on Wednesday pledged to offer free bike taxi, auto, and cab rides to differently-abled and senior citizen voters in Karnataka as part of its "SawaariZimmedariKi" initiative. Voters in Bengaluru, Mysuru, and Mangaluru would be a
Bayer partners govt's CSC, Gram Unnati for last-mile agri inputs delivery. Bayer CropScience on Wednesday said it has tied up with the government's Common Service Center (CSC) and agri-tech firm Gram Unnati to facilitate last-mile delivery of agri-inputs to smallholder farmers in India. As part of the memorandum of agreement, sma
Axis Bank Q4 results: Net profit at Rs 7,129 crore, NII grows 11%. Private sector lender Axis Bank on Wednesday reported a net profit of Rs 7,129 crore for the fourth quarter ended March 31, 2024. The bank had reported a net loss of Rs 5,728 crore in the March quarter of 2022-23 fiscal. Total income rose to Rs 35,990 cror
LTIMindtree Q4 results: Profit dips 1.2% to Rs 1,100 cr, revenue up 2.3%. Indian IT company LTIMindtree on Wednesday reported a 1.2 per cent decline in consolidated net profit to Rs 1,100.7 crore for the March quarter. The company had posted a net profit of Rs 1,114.1 crore in the year-ago period. Revenue from operations was peg
Tata Passenger Electric Mobility bags order to supply 2,000 XPRES-T units. Tata Passenger Electric Mobility on Wednesday said it has secured an order to supply 2,000 units of XPRES-T electric sedans from integrated fleet electrification platform Vertelo. The company, a unit of Tata Motors, has inked a non-binding memorandum of un
DCB Bank Q4 result: PAT up 10% at Rs 156 cr, total income at Rs 1,581 cr. Private sector lender DCB Bank on Wednesday reported a net profit of Rs 156 crore in the March quarter, registering a 9.85 per cent jump over the year-ago period. The bank had reported a profit Rs 142 crore in the fourth quarter of the 2022-23 fiscal. The
India Inc to tap private credit to finance new projects, says PwC. Tax uncertainty is a big concern for PEs
Nippon Life Q4 results: AMC reports 73% rise in profit, revenue rise 34%. Shares of the company closed at Rs 586, with a gain of Rs 24, or 4.3 per cent
Invesco agrees to pay Rs 5 cr to Sebi for settlement in MF violation case. In an inspection conducted in 2021, the market regulator found that there was no clear segregation of activities between portfolio management activities and mutual fund activities of the firm
CPCL Q4 results: Net profit falls 39% to Rs 628 cr on foreign exchange loss. Chennai Petroleum Corporation Ltd, a subsidiary of Indian Oil Corporation (IOC), on Wednesday reported 39 per cent drop in March quarter net profit on lower prices and foreign exchange loss. Consolidated net profit of Rs 627.89 crore in January-March FY24
Curbs on Kotak Mahindra Bank: How RBI has pulled up other firms in 5 years. HDFC Bank, Bank of Baroda and Paytm Payments Bank have faced action for alleged regulatory violations
Macrotech Developers Q4: PAT down 11% to Rs 665 cr, FY24 profit up 300%. Realty firm Macrotech Developers on Wednesday reported an 11 per cent decline in consolidated net profit to Rs 665.5 crore in the March quarter. However, for the full fiscal year, the company registered a three-fold jump in profit to Rs 1,549.1 crore. Its
Vodafone Idea slumps 9% ahead of telecom company listing new shares. Firm's FPO saw nearly seven times more demand than shares on offer
AT&T beats Q1 estimates for wireless subscriber additions, free cash flow. AT&T added 349,000 net monthly bill-paying wireless phone subscribers in the first quarter, flying past expectations of 286,800 additions, according to five analysts polled by FactSet
Paytm Payments Bank's Mukund Barsagade joins Lendingkart as Group CFO. Mukund Barsagade has previously worked with organisations such as GE Capital, Experian, Transamerica, Utkarsh Small Finance Bank, and Fino Payments Bank in various finance leadership roles
Dalmia Bharat Q4 results: Net profit declines to Rs 315 cr, beats estimates. Cement makers usually report strong sales volumes in the March quarter as they lower prices to clear year-end inventory backlogs
DCB Bank Q4 results: Net up 9% at Rs 156 cr, board approves Rs 500 cr QIP. The capital adequacy ratio of DCB Bank stood at 16.59 per cent with Tier-I at 14.53 per cent at the end of March 2024
AU Small Finance Bank's Q4 net profit dips by 13% to Rs 371 crore. The numbers are not strictly comparable as Fincare SFB was merged with AU SFB in the Jan-March quarter
LTIMindtree Q4 FY24: Net profit down 1.2% at Rs 1,100 cr; missed estimates. On the demand scenario, the management said that the firm expects Q1 FY25 to report growth
Lodha Q4 results: Net profit slips 10% to Rs 667 crore, FY24 profit up 300%. Realty firm Macrotech Developers reported its best ever quarterly and annual pre-sales performance with robust margins
KKR said to consider billion acquisition of Healthium Medtech: Report. Apax Partners, which bought Healthium in 2018, has been working with advisers to gauge interest in the business, the people said
IHC Q4 result: PAT rises 29% to Rs 438 cr, total income at Rs 1,951 cr. The Indian Hotels Company Ltd (IHCL) on Wednesday reported a 29.36 per cent growth in consolidated profit after tax to Rs 438.33 crore in the fourth quarter ended March 2024. The hospitality company had reported a Profit After Tax (PAT) of Rs 338.84 crore
REC to extend Rs 1,869 cr loan for Kiru hydro project in Jammu & Kashmir. State-owned REC Ltd on Wednesday said it will provide a term loan of Rs 1,869 crore for 624 MW Kiru Hydro Electric Project in Kishtwar, Jammu & Kashmir. The loan will be utilized for development, construction and operation of the project on River Chenab, a
Axis Bank Q4 results: Reports net profit at Rs 7,130 crore, NII rises 11%. Axis Bank reported net loss of Rs 5728.42 crore in the same period of the previous year
After Supreme Court rap, Patanjali Ayurved offers 'bigger' apology. In the latest advertisement, Ramdev and his associate Balkrishna expressed their sincere apologies
India's first multi-purpose green hydrogen pilot project inaugurated. India's first multi-purpose green hydrogen pilot project at 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Himachal's Jhakri was inaugurated on Wednesday, according to Satluj Jal Vidyut Nigam (SJVN) officials. SJVN Chairman and Managing Director Gee
Goldman Sachs taps BofA bankers for India dealmaking roles: Reports. India is the world's second busiest IPO market this year after the United States, with bankers expecting more activity amid a paucity of deals elsewhere in Asia, Reuters reported last month
LIC cautions public against misleading social media ads using brand name. Life Insurance Corporation (LIC) on Wednesday cautioned the public against certain individuals/entities engaging in fraudulent advertising practices on social media platforms by misusing the image of senior officials and the brand name and logo of the comp
Polio vax supplies: Health secy visits OPV maker Bilthoven's Dutch plant. Bilthoven Biologicals is an arm of Serum Institute of India that makes oral polio vax
Supreme Court's whip in Patanjali case a wake-up call for the FMCG sector. Advertising professionals believe that the Supreme Court's action against Patanjali would serve as a deterrent for other brands
Spices Board inspects plants of MDH, Everest over alleged contamination. MDH and Everest spices are among the most popular in India and are sold in Europe, Asia and North America. Exports totaled billion in 2022-23, according to the Spices Board, the industry regulator
HUL Q4 result: Net profit slips 1.6% to Rs 2,558 cr, demand pickup expected. "We believe that the market is slowly returning to normal. If macros and monsoons do help the agri economy...then that will also add to the change," said Jawa
Vedanta Resources eyes various fundraise options for Zambia copper mine. Vedanta Resources owns an 80% stake in the mining firm
ICICI Prudential Life Insurance Q4 results: PAT declines 26% to Rs 174 cr. The decline in VNB margin is primarily on account of the shift in the underlying product mix towards unit-linked business, the company said in an exchange filing
Tata Consumer Products Q4 results: Net profit declines 19.3% to Rs 217 cr. The company's coffee business in India witnessed revenue growth of 45% in the quarter ended March, while its foods business grew by 20%
Fintech major BharatPe launches an 'all-in-one' payment acceptance device. The device enables transactions via different methods such as point-of-sale (PoS), quick response (QR) code, tap-and-pay and traditional card payment options such as debit and credit cards
Sify Technologies Q4 results: Profit of Rs 3.8 cr, yearly profit declines. Integrated ICT solutions and services provider Sify Technologies has reported Rs 38 million as profit for the January-March 2024 quarter, the company said on Tuesday. The city-based company had registered a profit of Rs 34 million during the corresponding
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