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Share Market Pre Open Updates – May 10, 2024

Share Market Pre Open Updates – May 10, 2024

10 May 2024

On May 09, 2024, the Nifty 50 declined 1.55% and closed at 21,957, and the Sensex dropped 1.45%, closing at 72,404.    Top Gainers and Losers On the sectoral front, Nifty Auto ended in the green. Meanwhile, Nifty Oil & Gas, Nifty Metal, Nifty FMCG and Nifty Pharma were declining. The top gainers were Adani …

HPCL Q4 results: Net Profit plunges 25%, Company announced 1:2 bonus issue

HPCL Q4 results: Net Profit plunges 25%, Company announced 1:2 bonus issue

9 May 2024

HPCL is an Indian Public sector undertaking, oil marketing company which is owned by the Ministry of Petroleum and Natural Gas, Government of India. The company has reported a fall of 25% in net profits in its Q4 FY 2023-24 earnings on lower refining margins. Additionally, The company has also announced one bonus share for …

Indian Diagnostic Sector and Its Capex Trends: Top Stocks to Watch in the Diagnostic Industry

Indian Diagnostic Sector and Its Capex Trends: Top Stocks to Watch in the Diagnostic Industry

9 May 2024

The Indian Diagnostics Industry: A Growing Market The Indian diagnostics industry is a crucial segment of the healthcare sector, playing a pivotal role in disease detection, prognosis, treatment planning, and post-treatment monitoring. According to market research, the Indian diagnostic services market was valued at USD 14.57 billion in 2022 and is projected to reach USD …

Varun Beverages reported its Q4 results: Net Profit surges 25%

Varun Beverages reported its Q4 results: Net Profit surges 25%

13 May 2024

Varun Beverages Ltd. is an Indian MNC that manufactures bottles and distributes beverages, It is also the second largest bottling company of PepsiCo’s beverages in the world outside the United States. The company has reported its Q4 FY 2023-24 earnings today. Q4 Performance of Varun Beverages The  PepsiCo bottler has reported a surge of 25% …

Escorts Kubota to Invest Rs.4,500 crores For Expansion in The Next 3-4 Years

Escorts Kubota to Invest Rs.4,500 crores For Expansion in The Next 3-4 Years

13 May 2024

Escorts Kuborta is an Indian MNC that operates in the sectors of agricultural machinery, construction machinery, material handling, and railway equipment. The Company is set to invest Rs.4,500 crores For Expansion in the next 3-4 Years in a new manufacturing plant in Ghiloth, Rajasthan. About The Plant  Escorts Kubota Ltd has planned to invest up …

Adani Enterprises Plans For a Capex Worth Rs.80,000 Cr in FY25

Adani Enterprises Plans For a Capex Worth Rs.80,000 Cr in FY25

13 May 2024

Adani Enterprises, the leading company within the Adani-led conglomerate has announced that it is set to allocate Rs.80,000 crore across its various sectors in the ongoing fiscal year. The majority of this investment in the FY25 will be directed towards expanding its new energy ventures and airport operations.  Renewable Energy Investment in ANIL Division Adani …

These 3 Stocks from BSE 500 Jumped Over 5% Today; Do You Own Any?

These 3 Stocks from BSE 500 Jumped Over 5% Today; Do You Own Any?

13 May 2024

The benchmark index S&P BSE 500 opened today at 32,328.20 and made its day high at 32,355.17, and it is trading in red today, down by over 0.90%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. Piramal Pharma Ltd Shares …

Overnight Digest: Top 5 mid and small-cap stocks to watch out for May 13

Overnight Digest: Top 5 mid and small-cap stocks to watch out for May 13

10 May 2024

On Friday, key stock market indices rose modestly, with Sensex climbing 0.36% to 72,664.47 and Nifty up 0.44% to 22,055.20. Nifty Energy, Metal, and FMCG sectors posted gains, while Nifty IT, Realty, and PSU Bank sectors saw declines. Top gainers included BPCL, NTPC, and Power Grid, while TCS, Cipla, and LTIMindtree were among the top …

Top 3 stocks trading below Rs 100

Top 3 stocks trading below Rs 100

10 May 2024

During Friday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. NHPC Ltd NHPC Ltd showed moderate trading activity with a slight increase in its stock price, closing at Rs 94.35, up by 0.75% from the previous close of Rs 93.65. The stock traded …

TVS Holdings to Acquire 80.74% Stake in Home Credit India

TVS Holdings to Acquire 80.74% Stake in Home Credit India

10 May 2024

On May 10, 2024, TVS Holdings Limited informed the exchanges that the company’s board approved the acquisition of an 80.74% equity stake of Home Credit India Finance Private Limited (Home Credit India) for ₹554 crore (proposed transaction). The remaining 19.26% of the equity stake will be bought by Premji Invest and other associates. After signing …

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