Stock Market LIVE: Sensex up 150 pts; Maruti, Sun Pharma shine; IT stks dip | News on Markets

JSW Holdings surges 10% on bulk deal of 59k shares worth Rs 6,253 cr

The share price of JSW Holdings, the investment arm of JSW Group saw a sharp jump of 10.2 per cent at Rs 6,876 in Friday’s intraday trade after the company sold its shares through a bulk deal on Thursday. READ MORE

ALERT:: Century Textiles discontinues textile ops at Guj plant; stock marginally down

Century Textiles in an exchange filing said owing to restructure process of the company’s Textile Business operations at Birla Century were discontinued and outsourcing of specialized greige fabric was proposed to be increased from 45,000 meters per day to 1,05,000 meters per day and a VRS scheme was also implemented for the workers/employees.

71 Indian companies on FT’s Asia Pacific top 500 high-growth list

Seventy-one Indian companies made it into the ranks of the sixth annual “High-Growth Companies Asia-Pacific 2024” report, jointly released by The Financial Times (FT) and Statista, a data company. Electric-vehicle platform Zypp Electric and agritech firm BigHaat claimed the top two ranks, respectively. READ MORE

Promoter buying lifts this cement stock to 52-week high; do you own it?

Shares of Star Cement advanced 5.3 per cent to Rs 221.5 per share, also its fresh 52-week high, on the BSE in Friday’s intraday trade. The stock surpassed its previous high of Rs 219.45, hit on February 12, 2024.

 

At 1:08 PM, the shares were quoting 3.8 per cent higher at Rs 218.3 per share as against 0.34 per cent rise in the benchmark S&P BSE Sensex. Read

Newly listed stock freezes at 10% upper circuit; up 110% over issue price

Shares of Jyoti CNC Automation were locked in the 10 per cent upper circuit on BSE at Rs 693.70 in Friday’s trade on a healthy business outlook.

 

The stock of the industrial products company was trading at its highest level since its market debut on January 16, 2024. With today’s rally, the market price of Jyoti CNC Automation has more-than-doubled or zoomed 110 per cent from its issue price of Rs 331 per share. Read

Budget carrier IndiGo forecasts slowdown in capacity growth next year

InterGlobe Aviation Ltd., which operates India’s biggest airline IndiGo, forecast slower capacity growth in the fiscal year starting April 1.

 

The budget carrier expects capacity to grow in the “early double digits” next year, with a similar rate of increase in the number of passengers it flies, it said in an analyst presentation Friday. The pace is slower than growth seen in the December quarter and guidance for the current financial year. Read

Skipper jumps 22% in two days as promoter entity Ventex ups stake to 5.02%

Shares of smallcap company Skipper extended previous sessions’s rally to Friday as it soared 12.7 per cent to Rs 292 on the BSE. With this, the stock has jumped nearly 22 per cent since Wednesday’s close. Read

Amber rallies 6% on inking JV pact with Resojet to make washing machines

The JV will also facilitate both the companies to cater to the evolving customer needs, deliver high quality products, and develop the local manufacturing ecosystem in India, it added. READ MORE

Sarda Energy zooms 14% as JV bags Composite Licence for iron ore block

Natural Resources Energy Pvt. Ltd. – a subsidiary Joint Venture company (NREPL), has been awarded the Letter of Intent for Composite Licence for Surjagad 1 Iron Ore Block in the state of Maharashtra for iron ore for an area of 1,526 hectare. The iron and steel company has 51 per cent economic interest in the JV, the company said in an exchange filing. READ MORE

Hi-Tech Gears hits new high; surges 26% in 2 days on healthy outlook

For the first nine months (April to December) of financial year 2023-24 (9MFY24), Hi-Tech Gears had posted consolidated profit after tax (PAT) of Rs 96.4 crore. The company reported PAT of Rs 23.1 crore in the entire previous fiscal 2022-23 (FY23). In 9MFY24, EBITDA (earnings before interest, taxes, depreciation, and amortization) stood at 13.3 per cent, as compared to 12.09 per cent in FY23. READ MORE

Govt rejects Hindustan Zinc’s plans to split company into different units

IndiGo exploring purchase of widebody aircraft to counter Air India

ALERT :: DB Realty enters into one-time settlement with Bank of India

IT shares sink as Accenture cuts guidance; TCS, Infosys, HCL fall up to 4%

Tata Consultancy Services (TCS), Infosys, HCL Technologies, Wipro, Coforge, Tech Mahindra, Persistent Systems, L&T Technology Services, LTIMindtree, and Mphasis from the Nifty IT index dropped between 2 per cent and 4 per cent. READ MORE

ALERT :: Gensol Engineering receives largest-ever EPC order from a leading power generation utility