2/11 ITC | CMP Rs 424 | Shares of ITC rose over 1 percent after ITC Infotech announced buying a 100 percent stake in Pune-based IT company, Blazeclan Technologies Private Limited for Rs 485 crore.
Advertisement Remove AdAdvertisement Remove Ad5/11 Bajaj Auto | CMP Rs 8,798 | Bajaj Auto stock fell 2 percent despite the company’s Q4 results beating street’s expectations.
The stock fell as the company’s share price shot past brokerages' target prices and expensive valuations.
7/11 ICICI Securities | CMP Rs 712.5 | ICICI Securities stock surged over 1 percent after strong results in the March quarter.
Advertisement Remove AdAdvertisement Remove Ad9/11 Tata Communications | CMP Rs 1,750 | Tata Communications stock plunged over 5 percent, extending its weakness for the eighth straight session.
1/11 On April 19, the Sensex was up 599.34 points or 0.83 percent at 73,088.33, and the Nifty was up 151.20 points or 0.69 percent at 22,147.00 after a volatile session. About 1,668 shares advanced, 1,974 shares declined, and 117 shares unchanged.
2/11 ITC | CMP Rs 424 | Shares of ITC rose over 1 percent after ITC Infotech announced buying a 100 percent stake in Pune-based IT company, Blazeclan Technologies Private Limited for Rs 485 crore. This acquisition is expected to augment ITC Infotech’s capabilities to service its customers in a multi-cloud and hybrid cloud environment, focusing on the partner ecosystem to accelerate future growth.
3/11 Man Industries | CMP Rs 394.5 | Man Industries stock gained over 2 percent after the company received a nod from Shell Global for external, internal, and concrete coating of steel pipelines at Anjar, Gujarat. The assessment tested the performance of external, internal, and concrete coating for steel pipelines.
4/11 Motilal Oswal Financial Services | CMP Rs 2,235 | Shares of Motilal Oswal Financial Services jumped over 7 percent after the company announced plans to consider a proposal to issue bonus shares at a board meeting on April 26.
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5/11 Bajaj Auto | CMP Rs 8,798 | Bajaj Auto stock fell 2 percent despite the company’s Q4 results beating street’s expectations. The stock fell as the company’s share price shot past brokerages' target prices and expensive valuations. Brokerages gave a ‘sell’ call, with a target price below the current price, and said the positive factors are already priced in.
6/11 Hindustan Zinc | CMP Rs 398 | Shares of Hindustan Zinc fell over 1 percent after the company’s net profit fell 21 percent to Rs 2038 crore in Q4 results. Lower zinc prices affected the bottom line as demand is growing at a slower pace than supply.
7/11 ICICI Securities | CMP Rs 712.5 | ICICI Securities stock surged over 1 percent after strong results in the March quarter. Net profit doubled to Rs 536.5 crore. Revenue was up 74 percent year-on-year to Rs 1,544.4 crore, driven by increased broking income in the cash segment and growth in the investment banking segment.
8/11 Aurionpro Solutions | CMP Rs 2,436.85 | Shares of Aurionpro Solutions rallied 5 percent on reports of the tech firm buying a 67 percent stake in artificial intelligence firm Arya.ai, which will allow it to make advanced AI systems for big banks and insurance companies.
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9/11 Tata Communications | CMP Rs 1,750 | Tata Communications stock plunged over 5 percent, extending its weakness for the eighth straight session. The brokerages said there is limited upside potential after weak earnings in the March quarter. The company’s net profit fell 1.5 percent to Rs 321.2 crore. While revenue rose 24.6 percent to Rs 5,691.7 crore, the EBITDA margin fell to 18.6 percent from 22.6 percent in the previous year.
10/11 HDFC Life Insurance | CMP Rs 601.15 | Shares of HDFC Life Insurance closed 0.74 percent down after the Value of New Business (VNB) margin shrunk 320 basis points (bps) to 26.1 percent in the March quarter. Brokerages cut the target price for the stock after the decline in VNB.
