Stock Market Live: Sensex up 350 points from day’s high; Smallcap rose 2.5%. news on markets

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1:31 pm

Alert:: APL Apollo Tubes Q4 sales up 4%; stock 1%

Q4Fy24 sales volumes grew 4 per cent year-on-year to 6.78 lakh tonnes, up 12 per cent on QoQ basis, APL Apollo Tubes said in an exchange filing today. Sales volumes for the full year (FY24) grew by 15 per cent year-on-year.

1:19 pm

Aurobindo Pharma commissions 4 plants in Andhra including Pen-G facility

The Rs 2,400-crore Pen-G plant is expected to begin trial production in April and commercial production in a few months and ramp up production during the second quarter. Read more

Aurobindo Pharma

1:05 pm

India needs to become economically self-reliant in the next 10 years: PM Modi

Modi said due to the efforts made by his government and the RBI in the last decade, the banking sector has become profitable and credit growth is increasing. Read more

Modi, Narendra Modi, Indian Prime Minister

12:27 pm

Prestige Estate Projects surges over 7% on securing historic funding

Shares of Prestige Estate Projects rose 7.4 per cent to an all-time high of Rs 1,256 in intra-day trades on Monday on the BSE after the group reportedly secured landing funding for future projects.

At 12:20 pm, the stock was up 6.2 per cent at Rs 1,243 on the BSE on volume of around 20,000 shares. Meanwhile, the S&P BSE Sensex rose 0.6 per cent to 74,060. Read more

Canadian pension fund joins race to buy Prestige Arm stake

12:01 pm

Globus Spirits rises 11% as company commissions additional capacity at two units

Shares of liquor maker Globus Spirits rose as much as 10.7 per cent to Rs 736.4 per share in intraday deals on Monday on BSE after the company started commercial operations on additional capacity at two existing units.

At 11:40 am, the stock was up 9.5 per cent at Rs 728 per share, compared with half a per cent rise in the benchmark S&P BSE Sensex. However, the stock is still down 44 per cent from its 52-week high of Rs 1,326 per share. Read more

business, market, stock

11:48 am

Toyota Kirloskar sees highest ever monthly sales of 27,180 units in March

Toyota Kirloskar Motor on Monday reported its highest ever monthly wholesales of 27,180 units in March.

The company’s total deliveries to dealers rose 25 per cent to 22,910 units last month, compared to 21,783 units in March 2023.

The company recorded highest-ever wholesale sales of 2,63,512 units for FY 2023-24, a growth of 48 per cent as compared to 1,77,683 units in 2022-23. Read more

toyota logo, toyota motor

11:21 am

Aurobindo Pharma rises 2% as it commissions 4 manufacturing facilities

On Sunday, the company informed the exchanges that it has commissioned four manufacturing facilities for PenicillinG, 6-Amino Penicillinic Acid (6-APA), injectable products and granulations through its wholly owned subsidiaries.

10:51 am

JSW Steel shares rose 5% to Rs 870 per share after the new mill became operational.

Shares of steel major JSW Steel rose 4.70 per cent to Rs 870.45 per piece on Monday after the company’s subsidiary increased its steel capacity by adding a new mill. Till 10:12 am, more than 1 lakh 51 thousand shares of the company changed hands on BSE.

The stock had hit its 52-week high of Rs 895.60 on December 28, 2023. The stock has gained 12 percent in the last six months, while trading down 1 percent year-to-date. Read more

JSW Steel

10:32 am

PNB Housing Fin up 15% on multiple rating upgrades

Shares of PNB Housing Finance rose 14.5 per cent to Rs 720.4 per share on the BSE in intraday deals on Monday amid credit rating upgrades by rating agencies. At 10:08 am, shares were up 13.2 per cent at Rs 712.4, compared with 0.68 per cent rise in the benchmark S&P BSE Sensex.

On March 29, CARE Ratings upgraded PNB Housing Finance’s Rs 15,600 crore long term bank facilities to ‘CARE AA+’ from ‘CARE AA’. The outlook was changed from ‘positive’ to ‘stable’. Read more

PNB Housing Finance is one of the few deposit taking housing finance companies

10:10 am

Infosys jumps 2% on expectations of tax refund of Rs 6,329 crore

Infosys shares jumped 2 per cent to hit a high of Rs 1,528 in intra-day deals on Monday after the IT major said it expected tax refunds of up to Rs 6,329 crore.

At 09:45 am, the stock was up 1 per cent at Rs 1,514 on a turnover of around 92,000 shares on the BSE. Meanwhile, the S&P BSE Sensex was up 0.7 per cent at 74,198. Read more

The company revealed that the attrition rate at Infosys reached a record high of 27.7 percent in Q4FY22 on an LTM (trailing twelve months) basis.

9:56 am

Lok Sabha elections, repo rate cut: Factors that may impact the market in FY20

Indian Stock Market FY25 Outlook: Equity markets ended the last financial year 2023-24 (FY24) on a high note as investors appreciated India’s strong economic growth, stable India Inc earnings and range-bound inflation. Read more

NSE, BSE, Indian Stock Exchange

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