NSE share market NEWS tomorrow (24 May, 2023). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (24 May, 2023). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 24 May 2023
National Buildings was amongst the top gainers, currently trading at 43.30 in NSE with 13.064 times change in volumes and 7.578% change in price. Other gainers included Dixon Techno with 7.286% price change and 3.942 times volumes, Laurus Labs with 6.472% price change and 6.063 times volumes, Suzlon Energy with 6.349% price change and 1.725 times volumes, and Ncc with 5.957% price change and 0.845 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.
Adani Enterprises was amongst the top losers, currently trading at 2475.60 in NSE with 0.825 times change in volumes and -6.003% change in price. Other losers included Cummins India with -5.307% price change and 3.789 times volumes, Abb Power with -4.918% price change and 2.475 times volumes, Shree Cements with -3.129% price change and 1.18 times volumes, and Cyient with -2.871% price change and 0.377 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.
Fashion retailer Myntra launches ChatGPT feature, says industry first. Tool allows users to choose looks from over 2 mn styles, get advice on what to wear
Brigade Enterprises Q4 profit at Rs 63 cr, FY23 profit stands at 222 cr. Realty firm Brigade Enterprises Ltd on Wednesday reported a consolidated net profit of Rs 63 crore for the quarter ended March 2023. The company posted a net loss of Rs 11.63 crore in the year-ago period. Total income fell to Rs 872.11 crore in the fourth
Honda Cars India to hike prices of Amaze, City by upto 1% from June. Honda Cars India on Wednesday said it will hike prices of its sedans City and Amaze by up to 1 per cent from June in order to offset the impact of increased cost pressures. "While our endeavour is to partially offset the increase, it has become imperative
Biocon shares trim most of early gains, end flat amid profit-taking. Shares of Biocon trimmed most of their early gains and ended flat on Wednesday amid profit-taking. During the early trade, the stock climbed nearly 8 per cent after the biotechnology major's consolidated net profit increased 31 per cent for the March quart
Amazon leads mn funding round in children's fashion brand Hopscotch. Start-up says it will use the money for marketing, broaden its selection, get more customers
APM Terminals Pipavav Q4 profit rises 31%, Ebitda stands at Rs 129.94 cr. APM Terminals Pipavav (Gujarat Pipavav Port Ltd) on Wednesday reported a 31 per cent rise in consolidated net profit at Rs 98.13 crore for the fourth quarter of the year ended March 2023. The company had reported a profit of Rs 75.09 crore in the correspon
JB Pharma Q4 PAT rises 3.5% to Rs 88 cr, revenue stands at Rs 762 cr. JB Pharma on Wednesday said its profit after tax rose by 3.5 per cent to Rs 88 crore for the fourth quarter ended March 31, 2023. The company had reported a profit after tax (PAT) at Rs 85 crore in the January-March quarter of 2021-22 fiscal. Revenue of th
Oil India Q4 results: PAT jumps 10%, dividend declared Rs 5.50 a share. Revenue from operations stood at Rs 5,649.65 cr in Q4FY23, rising by 26.15% from Rs 4,478.61 cr in Q4 of the previous fiscal
Icra Q4 net profit up 14.5% YoY to Rs 38.6 cr; revenue rises 16.4%. Consolidated revenue from operations increased by 17.6 per cent YoY to Rs 403.2 crore in FY23
LIC Q4 Results: Consolidated PAT rises 5.5 folds YoY to Rs 13,190.8 cr. For FY23, the profit stood at Rs 36,397.40 crore as compared to Rs 4,043.12 crore for the previous financial year
NCLAT asks 3 more Go First lessors to approach NCLT for recovery of planes. The National Company Law Appellate Tribunal (NCLAT) on Wednesday directed three aircraft lessors of Go First to approach NCLT over their claims for possession of aircraft, whose leases were terminated by them prior to initiation of insolvency proceedings a
Nykaa Q4 earnings slip 72% to Rs 2.4 crore, even as revenue rises 34%. This came as the firm witnessed a demand slump for its fashion business, and expenses surged due to growing cost of materials, employee costs and other expenses
Indian IT firms to see revenue decelerate by 5%: S&P Global Ratings. S&P Global Ratings rates the three top IT services players: Infosys, HCLTech, and Wipro
LIC Q4 net rises fivefold to Rs 13,421 cr, net premium income dips 8.3%. The value of new business (VNB) margin for 2022-23 was 16.2 per cent (net) as compared to 15.1 per cent (net) in the previous year
Billionaire Infosys founder Murthy to double private firm's investments. Catamaran Ventures, based in Bangalore, employs about 15 staff in India overseeing holdings spanning e-sports, insurance and Elon Musk's Space Exploration Technologies Corp
Trident Ltd net profit falls 28% to Rs 130.66 cr in March quarter. Trident Ltd on Wednesday reported a 27.91 per cent decline in consolidated net profit to Rs 130.66 crore for the fourth quarter ended March 2023. The company had posted a net profit of Rs 181.25 crore in the January-March period a year ago, Trident said in
With .45-bn fortune, Hinduja family tops 35th Sunday Times rich list. Wealth shared by UK billionaires climbed to £683.856 billion, £30.734 more than in last year's Rich List
Adani group may invest bn in Vietnamese renewable energy projects. Chinh said Vietnam welcomed Adani's investment, initially in Lien Chieu Port in the central city of Danang, according to the statement
ACC, Ambuja Cement launch Cement & Concrete Research Development facility. Adani Group-owned ACC and Ambuja Cement have launched a Cement and Concrete Research & Development facility at Kalamboli, Navi Mumbai. The newly established R&D facility will help Ambuja and ACC drive progress, enhance cost optimization, and create sustain
Retailers see top line growth on low base in January-March quarter. Aditya Birla Fashion and Retail (ABFRL), Trent, Shoppers Stop, Titan and Avenue Supermarts saw strong revenue growth in the quarter
CPP Investments' India portfolio crosses .77-billion mark: Report. In FY23, the fund invested in ReNew Energy Global and holds a 51.9 per cent economic stake with .33 billion of invested capital
Sundaram Finance Holdings net profit surges 48% in FY23 to Rs 237 crore. On a standalone basis, net profit of Rs 94.75 crore for the year ended March 2023 was seen up 101 per cent over the Rs 46.91 crore for the corresponding period of the previous year
Oil India Q4 net up 9.7% to Rs 1,789 cr; sees double-digit revenue growth. Sequentially, the company's quarterly net profit rose 2.4%. In the previous quarter, profit after tax had stood at Rs 1,746.10 crore
LIVE: Want to become energy exporters to world, says Gadkari at CII event. Catch live updates from across the globe here
Rajiv Jain's GQG Partners to invest another bn in Adani group stocks. On Tuesday, GQG Partners raised their stake in the Adani conglomerate by 10% to .5 billion
Adani Green Energy to seek board approval to raise up to billion. On May 13, two Adani Group companies, Adani Enterprises and Adani Transmission, received the approval of the board to raise Rs 12,500 crore and Rs 8,500 crore, respectively
Falling behind in online sales, Xiaomi to focus on offline channels. Industry estimates say that more than 60 per cent of Xiaomi India's revenue comes from online sales
Lenovo India logs .9 bn in FY23, over 5 mn products being made locally. While Group revenue was impacted due to the softness in the device market, revenue from non-PC businesses reached a fiscal year high of nearly 40%
Apple signs multibillion-dollar deal with Broadcom to develop 5G components. Apple has announced a new multiyear, multibillion-dollar agreement with the US-based technology and advanced manufacturing company Broadcom
DGCA to conduct audit of Go First's preparedness before allowing flights. Aviation regulator DGCA will conduct an audit of Go First's preparedness before approving resumption of flights by the crisis-hit carrier, according to a communication. Cash-strapped Go First stopped flying from May 3 and is undergoing voluntary insolvency
Hindalco Q4 results: Profit falls 48% to Rs 832 cr, Rs 3 dividend declared. During the quarter, the company's revenue from operations rose to Rs 19,995 crore from Rs 18,969 crore in Q4FY22
Uber partners EV makers to boost transition towards sustainable mobility. Ride-hailing app Uber on Wednesday announced partnerships with various electric vehicle makers and other entities in India to accelerate the transition of its partners towards sustainable mobility. The company said it has expanded its partnership with EV f
Mahindra & Mahindra sells entire stake in Mahindra CIE at Rs 447.6 a share. MCIE is engaged in the business of production and sale of automotive components to original equipment manufacturers and other customers in India and overseas
HDFC-HDFC Bank merger: HDFC AMC receives Sebi approval to change control. Earlier in April, the company announced that the merger will be completed by July this year
Moody's affirms Hero FinCorp's long-term corporate rating at "Ba1". Expects stable financial performance; Exposed to volatile asset quality like Small biz
Nayara Energy exports dip, 0.07 mn tonnes diesel flows to Europe in FY23. Nayara Energy, India's second-biggest private oil refinery, reported a sharp decline in fuel exports as domestic sales surge on retail network expansion and demand rise, a company official said. During calendar year 2022, Nayara reported 61 per cent of sal
India Cements to monetise about 1,000 acres land in TN, posts loss for FY24. This was compounded by one off charges on account of impairment of certain investments and advances amounting to about Rs 114 crore
AIC to launch insurance products for livestock, aquaculture, sericulture. Agriculture Insurance Company of India (AIC) will launch products for the livestock, aquaculture and sericulture sectors for which it has already obtained the licence from IRDAI, a top company official said on Wednesday. AIC already has a 50 per cent marke
Sterlite Copper to source hybrid renewable power from Serentica Renewables. The PDA will remain in effect for 25 years starting from the date of the commissioning of the project, with targeted wheeling scheduled for August 2024
PSU's start-up plans to employ AI, renewables in ship design, construction. The nearly 140-year-old Garden Reach Shipbuilders and Engineers (GRSE) Ltd is planning to rope in start-ups for employing artificial intelligence (AI) and renewable energy in ship design and construction, an official said on Wednesday. To identify and enco
ONDC aims to hit 100,000 daily orders in the next few months: Report. The goal of 100,000 daily orders is expected to occur over the upcoming few months as network participants (NPs) adopt a new set of network specifications
Nykaa Q4 results: Net profit falls 71%, revenue from operations up 33%. Nykaa's Ebitda rose 84 per cent to Rs 70.6 crore during the quarter
Hitachi Energy net profit dips 1.68% to Rs 51 cr in March quarter. Hitachi Energy on Wednesday said its net profit dipped 1.68 per cent to Rs 50.81 crore in March quarter 2022-23. The company reported a net profit of Rs 51.68 crore for the year-ago period, according to a BSE filing. Total income rose to Rs 1,336.30 crore
Cummins reports 61% jump in Q4 profit on robust domestic, int'l demand. The company reported consolidated profit after tax at 3.49 billion rupees (.7 million) in the three months ended March 31, compared to 2.16 billion rupees a year earlier
India's airlines: Both Go First and bankruptcy laws need a rescue. Insolvent airline Go First will be a test of whether the country is ready to rebalance creditors' rights and shareholders' privileges
Tesla to pick location for new factory by year end, says Elon Musk. (Reuters) -Tesla Inc Chief Executive Officer Elon Musk said on Tuesday the automaker would probably pick a location for a new factory by the end of this year.
Anil Agarwal's Vedanta raises about 0 million via JPMorgan, Oaktree loan. Investors have been closely watching Vedanta's debt load as rising interest rates worldwide intensify pressure on low-rated borrowers
Meta sells Giphy for mn to Shutterstock after UK blocked purchase. Shutterstock said Tuesday it's buying Giphy from Meta Platforms for million, the final step to unwind the deal blocked by British regulators, who prevented the Facebook owner from purchasing the GIF-sharing platform over competition concerns. The stock
GE T&D India's loss narrows on lower input costs in March quarter. BENGALURU (Reuters) - GE T&D India Ltd, which manufactures power transmission and distribution equipment, reported a narrower fourth-quarter loss on Tuesday, as the company kept a tight lid on expenses.
Adani stocks get fresh boost as GQG ups wager, post gains third day on trot. US investment firm says it has raised stakes in Adani group firms; Group mcap now only 44% below pre-Hindenburg levels
'No definite timeline for resuming operations', Go First tells DGCA. Go First stopped its operations on May 3 and announced the cancellation of flights for May 4 and May 5
JSW Energy Q4 results: Consolidated net profit falls 68% to Rs 272 crore. The company's consolidated revenue from operation rose by 9.38 per cent to Rs 2,670 crore for the March quarter as compared to Rs 2,441 crore in the year-ago period
No definite timeline yet for resuming flights: Go First tells DGCA. Airline has filed for bankruptcy, blames engine supplier Pratt & Whitney for grounded fleet
Akzo Nobel India net profit down 2% to Rs 95.4 cr in March quarter. Paints and coatings maker Akzo Nobel India Ltd on Tuesday reported a 2 per cent decline in its consolidated net profit to Rs 95.4 crore for the fourth quarter ended on March 31, 2023. The company had posted a net profit of Rs 97.4 crore during the January-
Schneider Electric Infra profit grows to Rs 44.8 cr in March quarter. Schneider Electric Infrastructure (SEIL) Ltd on Tuesday posted a multi-fold jump in its net profit to Rs 44.8 crore during the January-March quarter, boosted by higher income. It had clocked a net profit of Rs 7 lakh during the January-March quarter of the
Funding for agrifoodtech startups declines 33% to .4 bn in 2022. Funding in Indian agrifoodtech startups declined 33 per cent during the last calendar year to USD 2.4 billion on higher base, according to AgFunder and Omnivore joint report. "Agrifoodtech startups in India raised a total of USD 2.4 billion in 2022, down 3
Apple inks multi-billion-dollar deal with Broadcom for US-made chips. Broadcom shares were up 4.3% in premarket trading after the announcement. The chipmaker is already a major supplier of wireless components to Apple
Microsoft's Bing chatbot updated with chat history: Details on all upgrades. Microsoft had announced the upgrades to its generative AI chatbot earlier this month and has now confirmed that they are rolling out new upgrades such as chat history, charts and visualisations, etc
Nirma, 3 private equity firms in race to buy Glenmark Life Sciences. Glenmark owns 82.8 per cent stake in the company which closed at a total market valuation of Rs 6,361 crore on Tuesday with its shares closing at Rs 519 a share on Tuesday
IPO-bound Netweb Technologies PAT more than doubles to Rs 47 cr in FY23. IPO-bound IT hardware company Netweb Technologies has posted over two-fold jump in its profit after tax at Rs 46.93 crore in the financial year ended March 31, 2023, according to a regulatory filing. The company had posted a profit after tax of Rs 22.45 cr
NMDC Q4 results: Net profit rises 22% to Rs 2,277 cr, revenue falls 13%. The company's revenue from operation fell by 13.76 per cent to Rs 5,851 crore for the March quarter as compared to Rs 6,785 crore in the year-ago period
Amara Raja Batteries Q4 results: Consolidated profit rises 41% to Rs 139 cr. The company's consolidated revenue from operation rose by 11.37 per cent to Rs 2,429 crore for the March quarter
Ashok Leyland Q4 consolidated net up four-fold to Rs 803 cr. Revenue from operations up 33% to Rs 13,203 cr in Q4 of FY23
Dynamic Cables Q4 profit up 18% to Rs 10 cr, income grows to Rs 179.60 cr. Dynamic Cables on Tuesday said its consolidated net profit climbed a 17.92 per cent to around Rs 10 crore during the quarter ended March 31, boosted by higher income. It had clocked a net profit of Rs 8.48 crore in the January-March quarter of FY22, the co
Amara Raja Batteries posts 41% rise in Q4 net profit; revenue up 11%. During the period under review, the company's revenue from operations also saw an increase of 11 per cent to Rs 2,429 crore, from Rs 2,181 crore during Q4 FY22
ALD Automotive completes acquisition of LeasePlan, makes local mgt changes. With this deal, the combined entity now has a total of 3.31 million vehicles managed worldwide
Biocon Q4 results: Net profit rises 31% to Rs 313 cr, revenue up 57%. For the entire financial year, the company's net profit saw a decline of 29 per cent to Rs 462.7 crore, as compared to Rs 648.4 crore in 2021-22
Noida Metro invites feedback from public to improve services, experience. The Noida Metro Rail Corporation (NMRC), which operates the Noida-Greater Noida Metro, on Tuesday said it has invited feedback from public and service providers to improve commuters' travel experience. For this, the NMRC has floated a questionnaire which w
SpiceJet hikes salaries for captain pilots to Rs 7.5 lakh per month. Budget carrier SpiceJet on Tuesday announced hiking the salary for its captains to Rs 7.5 lakh per month for 75 hours of flying as well as introduced a tenure-linked loyalty reward for them. Salaries of trainers and first officers have also been increased
Reliance Retail hands over pink slips to 700 staff, many on watch list. Reliance Retail has retrenched more than 700 people from its business to business vertical Jio Mart, industry sources said on Tuesday. Isha Ambani-led Reliance Retail is now integrating the Indian cash & carry business of German retailer Metro AG after com
FTSE ups Manyavar's weighting; Max Healthcare likely to make MSCI cut. Global index provider FTSE has increased the weightage of Vedant Fashions (Manyavar) in four of its indices
Dixon Technologies profit climbs 27.7% to Rs 80.62 cr in March quarter. Dixon Technologies (India) Ltd on Tuesday reported a 27.7 per cent rise in consolidated net profit at Rs 80.62 crore for the fourth quarter ended March 31, 2023. The company had posted a net profit of Rs 63.13 crore for the January-March period a year ago,
PC shipments fell by 30% in first quarter, notebooks fared the worst. The hope is that global companies like HP, Dell, Acer, Asus, and Lenovo will move their production to India by giving contracts to EMS players
US Trade Development Agency aims for greater India-US partnership on 5G. The workshop was an effort to convene leading industry experts and officials to exchange information on approaches, solutions, and applications of 5G and next generation networks in India
Indian market offers opportunity of innovation for Nescafe: Nestle official. India is one of the fastest growing markets for Nescafe and offers a "huge opportunity" for innovation and premiumisation, according to a senior Nestle official. Nescafe is a coffee brand owned by leading Swiss food company Nestle. Nestle's Head of Coffee
Dish TV CEO Atul Dua to quit, company proposes Manoj Dobhal new chief. Dish TV on Tuesday proposed to appoint Manoj Dobhal as the new CEO of the company as incumbent Anil Dua has decided to quit the direct-to-home company. Dobhal is the current Chief Operating Officer (COO) of the company. Dish TV is embroiled in a tussle bet
Fortis Healthcare net profit rises 59% to Rs 138 cr in March quarter. Fortis Healthcare on Tuesday said its consolidated net profit increased 59 per cent to Rs 138 crore for the March quarter, on the back of strong performance in the hospital business. The healthcare major had reported a net profit of Rs 87 crore in the Janu
Paytm Payments gets RBI nod to re-appoint Vijay Shekhar as part-time chair. Paytm Payments Bank has received RBI nod to re-appoint Paytm CEO Vijay Shekhar Sharma as part-time chairman for a year, a regulatory filing said on Tuesday. "We have been informed that Paytm Payments Bank Ltd (PPBL) has received approval of RBI for re-appo
Textile industry veteran Karumuttu T Kannan passes away in Madurai. Kannan was a board member of TVS Motor and other companies, and an educationalist associated with several institutions
SJVN Q4 profit grows over two fold to Rs 17 cr, boosted by higher income. State-owned SJVN's consolidated net profit jumped over two-fold to Rs 17.21 crore during the quarter ended March 31, boosted by higher income. It had clocked a net profit of Rs 7.49 crore in the January-March quarter of the preceding financial year (FY22),
Physis Capital announces first close of mn fund for start-ups. Fund aims to build a portfolio of 15-20 start-ups, with an average ticket size of .5 million
Disney to give pink slip to 2,500 employees in third round of layoffs. The first round of layoffs began in March when Disney CEO Bob Iger announced three rounds of layoffs as the company aims to reduce its workforce by around 7,000 workers
Battery-tech startup EMO Energy raises .2 million in seed funding round. Battery-tech startup EMO Energy on Tuesday said it has raised USD 1.2 million (nearly Rs 10 crore) in a seed funding round led by Transition VC and co-led by venture capital firm Gruhas. EMO offers battery packs for light electric vehicles (EVs) using its
GQG's Jain raises stake in Adani stocks by 10% to .5 bn; to buy more. That initial investment in the beleaguered conglomerate bolstered the tycoon's companies after they were accused of "brazen" stock-price manipulation and corporate fraud
Bajaj Electricals Q4 profit up 34% YoY to Rs 52 cr, total revenue rises 12%. Bajaj Electricals on Tuesday reported 34.08 per cent rise in consolidated net profit at Rs 51.85 crore for the fourth quarter ended March 31, 2023. The company had posted a net profit of Rs 38.67 crore in the year-ago period, Bajaj Electricals said in a re
BOC Aviation files NCLT application to secure aircraft leased to Go First. Appellate court has upheld NCLT order admitting Go First's insolvency petition, hurting lessors' plans to secure plans
Kirloskar Industries announces dividend of Rs 11 per share for FY23. Kirloskar Industries announced dividend, increase in equity share capital and future plans approved by the company's board
SpiceJet emerging from toughest challenges', has new growth plan: Chairman. SpiceJet emerging from toughest challenges', has new growth plan: Chairman
Infosys unveils a platform 'Topaz' for generative artificial intelligence. Infosys Topaz is an AI-first offering to accelerate business value for global enterprises using generative AI
Garware Technical Fibres Q4 consolidated PAT up 11% QoQ at Rs 59.6 cr. Technical textiles manufacturer Garware Technical Fibres on Tuesday reported an 11 per cent growth in consolidated profit after tax (PAT) at Rs 59.6 crore during the quarter ended March 31. The company's PAT stood at Rs 53.9 crore during the corresponding
Varroc Engineering swings to profit on strong demand in March quarter. Revenue from operations rose nearly 2.3% to 16.90 billion rupees, outpacing expenses, which grew 0.8%
AI platform Builder raises over 0 mn led by QIA in Series D funding. AI-powered software platform Builder.ai on Tuesday announced it has raised over 0 million in its Series D funding led by Qatar Investment Authority (QIA)
Ashok Leyland Q4 results: Consolidated net profit falls 17% to Rs 751 crore. The company's consolidated revenue from operation rose by 32.95 per cent to Rs 11,626 crore for the March quarter
DGCA grants Design Organisation Approval to flying taxi startup ePlane. Electric flying taxi startup, The ePlane Company on Tuesday said the Directorate General of Civil Aviation (DGCA) it has granted the Design Organisation Approval (DOA)
Average salary in e-commerce, tech start-ups at a five-year low: Report. The average salary in the hospitality sector also fell to a five-year low in FY22: TeamLease report
EIH Ltd reports its highest ever full-year consolidated revenue in FY22-23. EIH Limited, India's premium hospitality company, reported its consolidated financials for the fourth quarter and full year ending March 31st, 2023
Shriram Properties acquires a new project 'Divine City' in Chennai. The project has a revenue potential of around Rs 1,200 crore in the next five years
Tata Group only Indian firm in BCG list of top 50 most innovative firms. Tata Group was placed in the twentieth spot in the list of most innovative companies in the world
Sansera Engineering net profit dips 5% YoY to Rs 35 cr in March quarter. Sansera Engineering on Tuesday said its consolidated net profit dipped five per cent to Rs 35.42 crore in the March quarter. The consolidated net profit of the company was Rs 37.36 crore in the quarter ended on March 31, 2022, a company statement said. Tot
Simple Energy launches electric scooter Simple ONE, plans to invest 0 mn. Electric two-wheeler startup Simple Energy on Tuesday officially launched its maiden electric scooter, Simple ONE, at a starting price of Rs 1.45 lakh (ex-showroom Bengaluru), almost 21 months after its unveiling. However, the model with a 750W charger wil
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