NSE share market NEWS tomorrow (29 April, 2022). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (29 April, 2022). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 29 April 2022
Bse was amongst the top gainers, currently trading at 899.55 in NSE with 3.786 times change in volumes and 4.715% change in price. Other gainers included Max Healthcare with 4.257% price change and 2.582 times volumes, Indian Hotels with 3.846% price change and 0.802 times volumes, Angel One with 3.827% price change and 4.073 times volumes, and Multi Commodity with 3.2% price change and 3.296 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.
Axis Bank was amongst the top losers, currently trading at 728.60 in NSE with 3.117 times change in volumes and -6.566% change in price. Other losers included Indraprastha Gas with -6.389% price change and 2.277 times volumes, Iifl Holdings with -5.987% price change and 0.861 times volumes, Icici Lombard with -4.284% price change and 1.628 times volumes, and Hindustan Petroleum with -4.2% price change and 1.201 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.
IndusInd Bank standalone net jumps 55% to Rs 1,361 cr, gross NPAs dip. The bank's board announced a dividend of Rs 8.5 a share
Maruti to shift focus on high-end cars as demand for hatchbacks shrinks. There has been a 25% decline in the market for hatchbacks in the last four years due to increase in commodity prices and taxes by state governments
IndiaFirst Life gross premium rises 28% to Rs 5,187 crore in FY22. At Rs 1,345 crore of individual NB-APE, the company is the fastest-growing private life insurer in the country, IndiaFirst Life claimed
UltraTech Cement logs 48% YoY growth in Q4 net to Rs 2,620 cr, sales up 9%. Ebitda declined 16% YoY to Rs 3,165 cr, while Ebitda margins stood at 19.5% in Q4 versus 25.6% last year, as energy costs swelled in the period under review
Wipro logs 3.8% rise in Q4 profit; pegs FY23 revenue growth at 16-18%. The company said it saw a drop of 500 bps in attrition on a quarterly basis
Star9 Mobility to buy 51% govt stake in Pawan Hans for Rs 211.14 cr. This is the second successful privatisation in the civil aviation space after the Air India sale
IDBI Bank stake dilution for ceding mgt control to be fixed after roadshows. Lowering of stake by Centre and LIC to be decided post consultation with investors during roadshows, after which EoI document would be structured, says DIPAM Secy Tuhin Pandey
Varroc Engg to divest lighting biz in Americas and Europe to French firm. It has signed a Euro 600 million transaction with Compagnie Plastic Omnium
CAIT seeks probe against Flipkart on purported role in narcotics trade. The seized drugs were kept in backpacks and jute bags and were wrapped in packets of e-commerce major Flipkart and other companies, according to reports
Shell to buy Actis-owned renewables firm Sprng Energy for .55 bn in India. Deal to help Shell triple its renewable energy capacity in operation
SBI Card's net rises three-fold to Rs 581 cr, income up 22% to Rs 3,016 cr. The pure-play credit card issuer had reported a net profit of Rs 175.42 crore in the same quarter of the previous fiscal year
NCLT admits petition for CIRP against EPC firm McNally Bharat Engineering. Williamson Magor Group, which owns the firm, confirmed the development but indicated that options for resolution were still being looked at
L&T Finance Holdings consolidated net up 28% to Rs 342 crore in Q4. For FY22, its consolidated net profit rose by 10% to Rs 1,070 crore; board has recommended a dividend of Rs 0.50 a share
IndusInd Bank Q4 net up 51% to Rs 1,401 cr on lower provisions, higher NII. Net interest income increased by 13% YoY and 5 per cent sequentially to Rs 3,985 crore
Wipro to stand by principle of democracy, justice: CEO amid Ukraine war. IT company Wipro said its employees are engaged in providing relief effort to people displaced due to the ongoing Ukraine-Russia conflict
Telecom gear HFCL net profit declines 21% to Rs 68 crore in Q4. Domestic telecom gear maker HFCL on Friday posted about a 21 per cent decline in consolidated profit after tax to Rs 68 crore in the fourth quarter ended March 2022.
IDBI Bank board approves appointment of two govt nominee directors. IDBI Bank on Friday said its board has approved the appointment of two government nominee directors with effect from April 28. The government nominee directors are Manoj Sahay, Joint Secretary and Financial Advisor, and Sushil Kumar Singh, Director, Depart
Startup firms let Indian retail investors buy corporate debt at 0. The new start ups are seeking to reassure investors they are doing all they can to protect their clients
Electric scooter fires undermining India's bid to become leader in EVs. The fires in Indian EVs have also sparked debate about India's dependency on imported auto parts that are then assembled locally
GIC Pte, ADIA and Norway Sovereign Wealth Fund to invest in LIC IPO. Norges Bank Investment Management, GIC Pte and Abu Dhabi Investment Authority will be among the anchor names due to be announced Monday, the people said, asking not to be identified
Varroc signs Euro 600 mn deal with Omnium SE to focus on EV, other segments. The Euro 600 million transaction will see Varroc divesting its lighting System operations in the USA, Brazil, Mexico, Poland, Czech Republic, Germany, Turkey, and Morocco
Vedanta plans to issue .5 billion dividend, lifting parent's bonds. The parent firm's dollar bonds rose the most in six weeks Friday, with the notes maturing in July hitting the highest level since October, according to Bloomberg-compiled data
NFT programming start-up Revise raises .5 mn in funding led by Alpha Wave. Revise offers developers the rails to program NFTs to interact with apps and data
India has world's fastest growing start-up eco-system, says PM Modi. PM Modi said India is headed for a robust economy and the country's consumption of semi-conductors is expected to cross 0 billion by 2030 and has the world's fastest growing start-up eco-system
EV fires: Boom Motors recalls Corbett bikes, stops production temporarily. Boom will be the fourth company to recall its E2W brands involved in fire incidents, after Okinawa, PureEV and Ola Electric
Indian aviation in growth phase, to participate in larger manner: Scindia. Civil aviation minister Jyotiraditya Scindia has said the time is ripe for participation in the largest possible manner in the aviation sector
Tata Motors has global ambitions for electric vehicles: N Chandrasekaran. From being an underperformer, Tata Motors has firmly established itself as the No. 3 passenger vehicle maker
Insurtech platform Turtlemint raises 0 million in Series E funding. The latest funding round has valued Turtlemint at more than 0 million.
Maruti Suzuki consolidated Q4 net up 58% to Rs 1,839 cr despite sales dip. Consolidated total revenue from operations up 11.29% at Rs 26,749.20 crore; Board declares final dividend of Rs 60 a share
UltraTech Q4 rises 47% to Rs 2613.75 cr; net sales up 9.45% to Rs 15,767 cr. Aditya Birla group firm UltraTech Cement Ltd on Friday reported an increase of 47.32 per cent in its consolidated net profit at Rs 2,613.75 crore in the fourth quarter ended March 2022
CCI seizes documents, data from Amazon, Flipkart sellers in raids: Report. The raids relate to an investigation the CCI ordered in January 2020 in which Amazon and Flipkart face allegations of promoting preferred sellers on their websites
Wipro Q4 consolidated net profit rises 4% to Rs 3,087 crore. Attrition rate at near 24%, revenue up over 28% to Rs 20,860 crore
JM Financial elevates Sonia Dasgupta as CEO of investment banking. She succeeds Adi Patel and Atul Mehra who have been Co-Heads of Investment Banking business till date
Back in black, GMDC plans lignite expansion, entry into rare earths. The mining company has roped in the Boston Consulting Group (BCG) for its strategic transformation, apart from McKinsey & Co. for the development of REE assets
Ahead of LIC IPO, Paytm Money lets HNIs place Rs 5 lakh of bids via UPI. The company said it is also offering free demat accounts for lifetime to all
Chiratae Ventures plans to raise 0 million to bet on tech: Report. Chiratae has already invested 0 million in companies over the last 15 years
6 of 7 defence firms carved out of OFB report profits in first six months. Six out of the seven defence companies, which were carved out of the Ordnance Factory Board (OFB), have reported provisional profits during the initial six months, according to the defence ministry.
Tata Motors planning to launch long-range electric cars by 2050. Last year, Tata announced plans to launch 10 EV models by March 2026, investing about billion
Shell agrees to buy Solenergi Power from UK-based Actis for .55 bn. Shell said its unit, Shell Overseas Investment, would buy 100% of Solenergi Power Private Limited, the flagship company of Sprng Energy group, from UK-based investor Actis
SBI Life Insurance net profit jumps 26% in January-March quarter. The 13th month persistency stood at 88.35 per cent in FY22 versus 87.92 per cent in FY21
PNB Housing Finance profit rises 33% at Rs 170 crore in March quarter. Its net interest income fell by 37 per cent in the reporting quarter to Rs 377 crore
Motilal Oswal net profit falls 35% to Rs 300 crore in March quarter. Brokerage house Motilal Oswal Financial Services on Thursday reported a 35 per cent fall in net income at Rs 300 crore in the three months to March, even though its revenue grew by 21 per cent to Rs 1,100 crore. The company had posted a net income of Rs 46
Unilever raises prices, warns of more hikes on cost pressures. Unilever, Carlsberg and Pernod Ricard are increasing the pressure on consumers worldwide with higher prices for Dove soap, beer and Havana Club rum
Meta Platforms stock jumps 19% as Facebook returns to user growth. The company reports slowest rise in revenue in a decade
Steel Minister dedicates to nation JSPL's 1.4 MT rebar mill at Angul plant. The ultra-modern rebar mill of 1.4 MTPA (million tonne per annum) capacity is located at JSPL's 6 MTPA plant in Angul, Odisha
Bajaj Finserv reports 34% increase in Q4 net profit at Rs 1,346 crore. Bajaj Finserv Ltd reports a 37 per cent jump in its consolidated net profit at Rs 1,346 crore for the fourth quarter ended in March 2022.
Sterlite Technologies reports consolidated loss of Rs 22 cr in Q4. Broadband technology firm Sterlite Technologies on Thursday reported a consolidated loss of Rs 22.44 crore in the fourth quarter ended March 31, 2022.
Tata Motors aims to build 80,000 EVs this financial year: Report. That compares with the 19,000 EVs it built and sold in the last financial year
Drone maker ideaForge raises mn in Series B from Florintree, Infosys. Qualcomm, Infina and Exim Bank also participated in the funding round for company that serves Indian security forces
Axis Bank Q4 net profit soars 54% to Rs 4,118 cr; NII up 17%. Lender's board recommends dividend of Rs 1 per equity share for the year ended 31 March, 2022.
Startups should focus on smaller cities, social issues: DPIIT Secy Jain. Civil servant says these places hold business opportunities and can help build startup ecosystem.
SoftBank-backed Meesho records over 100 mn transacting users. Internet commerce firm says customers from smaller Indian cities drive its growth and account for 80% shopping.
Bajaj Allianz General Insurance records profit of Rs 1,339 cr in FY22. Bajaj Allianz General Insurance on Thursday said its profit remained flat at Rs 1,339 crore for the 2021-22 financial year against Rs 1,330 crore in the previous financial year.
NCLT gives Future Retail time till May 12 to file reply on insolvency plea. The NCLT gave crisis-hit Future Retail Ltd (FRL) time till May 12 to submit its reply to the insolvency petition filed against the company by Bank of India.
SBI Life Q4 net profit rises 26% to Rs 672 cr; income up to Rs 21,427 crore. SBI Life Insurance (SBI Life) on Thursday reported a 26.3 per cent rise in its net profit at Rs 672 crore for quarter ended March 2022.
NCLT directs to initate insolvency proceedings against Andhra Cement. The National Company Law Tribunal has directed to initiate insolvency proceedings against Andhra Cement, a company owned by the debt-ridden Jaypee Group. The Hyderabad bench of the NCLT (National Company Law Tribunal) has also appointed Nirav K Pujara as t
Shriram Transport Finance fourth quarter net profit up 44%, NII rises. The company's Net Interest Income increased by 22.16 per cent to Rs. 2,627.82 crore as against Rs. 2,151.12 crore.
Realty firm Embassy REIT's net profit up fivefold at Rs 280 cr in Q4. Net operating income grew to Rs 2,491 crore, 5 per cent higher than initial guidance, with an operating margin of 84 per cent in Q4
Tata Power signs MoU with NAREDCO for 5,000 EV charging points. Tata Power has inked a pact with National Real Estate Development Council (NAREDCO) to install 5,000 EV charging points across Maharashtra, a statement said on Thursday. Tata Power will provide a comprehensive EV charging solutions across properties of mem
Vedantu announces technology to bring down cost of online learning. Ai Live will give Vedantu an edge over competitors Byju's, Unacademy, Simplilearn, UpGrad and Amazon Academy, says company.
Ambuja Cements net profit slumps 30.26% to Rs 856.46 crore in Q1. The consolidated result of Ambuja Cements also includes the financial performance of its step-down firm ACC Ltd
TravClan closes Pre-Series-A round of .7 mn led by Hashed Emergent. The company's target is to grow to 0 million GMV run rate with more than 300 employees by the end of FY23
Colgate-Palmolive India board appoints Prabha Narasimhan as MD and CEO. Narasimhan's appointment will be effective from September 1, 2022
Piramal Enterprises plans to raise up to Rs 700 crore through bonds. A meeting of the administrative committee of the board of directors of the company will be held on May 4, 2022, to consider and approve the issuance of NCDs for up to Rs 50 crore
PNB Housing Finance net profit up 33% at Rs 170 crore in March quarter. Net interest income was down by 37 per cent at Rs 377 crore from Rs 593 crore
ReNew Power inks 5 PPAs to supply around 1500 MW solar energy. ReNew Power on Thursday said it has signed five power purchase agreements (PPAs) for the supply of around 1,500 MW electricity generated from solar plants. The company has signed PPAs with Solar Energy Corporation of India (SECI) and Punjab State Power Cor
Bajaj Holdings and Investment net profit up 16% to Rs 1,105 crore in Q4. Total income stood at Rs 487 crore last fiscal. It was at Rs 463 crore in 2020-21 financial year
IKEA India to increase local sourcing, says CEO Susanne Pulverer. Local sourcing through partnerships will make a positive impact on the economy and society not just in retail but also in all allied sectors and services, she said
JioSaavn appoints former Amazon Music director Sahas Malhotra as CEO. Music app firm JioSaavn has appointed former Amazon Music director and entertainment industry veteran Sahas Malhotra as its new CEO. Malhotra has earlier worked with Sony Music India and Tips Industries. At Tips Industries, Sahas was leading the business a
IIFL Finance net profit rises 30% to Rs 321 crore in March quarter. IIFL Finance on Thursday reported a 30 per cent growth in net profit to Rs 321 crore for the March quarter, driven by strong loan sales and lower provisioning for impaired assets.
Flipkart unveils lab to tap Web3, metaverse for e-commerce innovations. Flipkart Labs will be based in Bengaluru and it will back in-house innovation by using emerging technologies, promoting ideas, and delivering "breakthrough solutions", it said
Amazon Prime Video to launch over 40 new Indian shows, pay-per-view service. Transaction video-on-demand feature will be available for Rs 69 to Rs 499 for a one-time watch
IndiGo runs first trial flight using GAGAN satellite technology. The trials were carried out in the presence of the Directorate General of Civil Aviation (DGCA) officials at Kishangarh Airport near Ajmer with an ATR72 aircraft
Biocon Q4 consolidated net profit declines by 4% to Rs 283 crore. Biocon's consolidated revenue from operations in the fourth quarter stood at Rs 2,408.8 crore as against Rs 1,842.1 crore in the year-ago period
BHEL-GE Power Conversion deal to make propulsion systems for Navy. The Indian Navy is considering building a second indigenous aircraft carrier to add to the combat capability
Vedanta Q4 net profit drops 10% to Rs 5,799 crore, but Ebitda highest ever. The company reported an exceptional loss of Rs 330 crore in Q4, mainly in its copper division, which contributed to the drop in its net profit for the period
IKEA is planning to raise local sourcing in India to 50%: Susanne Pulverer. Ikea also intends to add more stores in Mumbai as it calls out Maharashtra as an important market
Bharat Biotech must address vaccine issues raised by WHO, says MEA. Weeks after WHO suspended the supply of Covaxin through UN procurement agencies, the MEA suggested that Bharat Biotech addresses the issue immediately to avoid the cancellation
Preferential treatment case: CCI raids sellers of Amazon, Flipkart. India's antitrust body launched raids on the two top domestic sellers of Amazon over accusations of having violated competition laws
NCLT adjourns the insolvency plea against Future Retail to May 12. Earlier this month, BoI had filed insolvency proceedings against Future Retail for non-payment of dues
Maruti Suzuki joins hands with Indian Bank for car loans. Maruti Suzuki India (MSI) on Wednesday said it has joined hands with Indian Bank to facilitate easy finance for customers. As part of the partnership, the company's customers can avail the loan benefits in over 5,700 plus branches of Indian Bank at metro,
LIC will be fifth most-valued firm post IPO with m-cap of Rs 6 trillion. Valuation fair and attractive; won't dilute stake for a year: Govt
Bajaj Auto Q4 standalone net up 10% to Rs 1,469 cr despite revenue dip. Total revenue from operations for the automaker came in at Rs 7,974.84 crore, down 7.2 per cent from Rs 8,596.10 crore in the same quarter last year
HDFC AMC's Q4 net rises 8.7% to Rs 344 cr; income up 6.5% to Rs 581 cr. The company's total income rose to Rs 580.93 crore in the period under review from Rs 545.57 crore in the fourth quarter ended on March 31, 2021
D2C unicorn Licious invests in fresh pet food startup Pawfectly Made. Pawfectly Made will continue as a separate entity with its own production processes and supply chain, Licious comes in as strategic partner
BPCL, HPCL walk away with city gas licenses in latest bid round. Seven companies had put in 21 bids for city gas licences in five areas in states like Uttar Pradesh and West Bengal
Bajaj Auto Q4 net profit dips 2% to Rs 1,526 cr on lower global sales. In the domestic market, the total sales declined by 27 per cent to 3,89,155 units as against 5,34,119 units in the same period of FY21
Syngene's Q4 PAT up 7% to Rs 148 cr; revenue rises 15% to Rs 758 cr. The company had reported a PAT of Rs 138 crore in the January-March period of 2020-21
Indian Hotels Company posts Rs 71.5 crore profit in March quarter. Tata group hospitality firm Indian Hotels Company Ltd (IHCL) on Wednesday reported a consolidated net profit of Rs 71.57 crore in the fourth quarter ended on March 31, 2022. The company had posted a consolidated net loss of Rs 97.72 crore in the same perio
Bajaj Auto Q4 net up 10% YoY to Rs 1,469 cr on higher export realisation. Guides for a 10-15% impact on Q1 volumes due to chip shortage. It says rising cell prices could retard transition to EVs
Adani Enterprises incorporates wholly-owned arm for media related biz. Adani Enterprises Ltd (AEL) on Wednesday announced incorporation of its subsidiary AMG Media Networks.
Reliance, Viacom18 tie up with Bodhi Tree to form mega TV and streaming biz. Uday Shankar and Lupa Systems' Bodhi Tree to become major shareholder alongside Reliance and Paramount Global; Bodhi Tree to invest Rs 13,500 crore in Viacom18
Indian Hotels turns in Rs 72 cr profit in Q4 against a loss last year. Firm reports consolidated revenue of Rs 872.08 crore during the quarter as against Rs 615.02 crore in the year-ago period
Reliance, Apollo Global plan joint bid for Walgreens' Boots biz: Report. Reliance Industries Ltd andUS buyout firm Apollo Global Management are planning a joint bid for UK high street pharmacy chain Boots, a media report said
JSW to set up Rs 150 crore steel plant in south Kashmir's Pulwama. While JSW steel limited is all set to come up with its Rs 150 crore project in south Kashmir's Pulwama district, Apollo Hospitals will set up its medicare facility in Jammu district
Airbus inks pact with Tata Strive. AASSC to give training for aviation jobs. European aviation major Airbus on Wednesday signed a pact with Tata STRIVE and the Aerospace and Aviation Sector Skill Council to train youths for aviation and aerospace jobs. Under the agreement, Airbus, Tata STRIVE and AASSC, with the support of NSDC and
Hindustan Unilever Q4 net up 5%; annual turnover crosses Rs 50,000 crore. HUL's reported numbers were better than industry growth. The company's volume growth was flat in the quarter compared with a contraction of 8 per cent for the industry
DGCA deregisters Air India's 4 Boeing 747 jets not in operation since 2020. Planes as old as these 747s consume a huge amount of fuel and require extensive maintenance, they said
RIL, Lupa Systems prepare for IPL rights auction with new joint venture. Bodhi Tree Systems, a platform promoted by Lupa Systems and Shankar, said it was investing Rs 13,500 crore in Viacom18
Top headlines: LIC IPO, India Inc capex push, PLI round 2, and more. Here are the top headlines on Wednesday morning
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