Equity99

2024-05-03 07:21:13 Near to hit upper circuit 264.45 Again hit high 262 Open / Comment

2024-05-03 06:55:07 Hidden Hero Aartech Solonics Ltd. has pioneered the development of India’s first import substitute fast bus transfer system for power plants and continuous process industries, and remains a market leader in this field. The company manufactures custom-built… Open / Comment

2024-05-03 06:18:49 *News Headlines from Business News Agencies :*

*Business Standard :*
Vodafone Idea in talks to avail loans worth $1.8 billion, says report

Blue Star Q4FY24 results: Net profit declines 29% to Rs 159.71 crore

Cognizant Q1 profit declines 6% to $546 million, revenue dips 1.2%

Wipro to implement Independent Health's medicare prescription payment plan

ICICI Bank denies report of MD & CEO Sandeep Bakhshi wanting to quit

MDH, Everest row: Centre asks state govts to test spices for quality check

Go First planes need parts; lessors to take longer to fly them out of India

Air India deploys A350 on international route with Delhi-Dubai flight

India GCCs emerge as proof-of-concept foundries for GenAI applications

ArcelorMittal March quarter results: Core profit at $1.96 bn, tops forecast

India needs to expand universal health coverage for ageing population: ADB

RBI's forex intervention eases as conditions turn favourable for rupee

*Economic Times :*
Coforge to acquire 54% stake in Cigniti Technologies at Rs 1,415 per share

India among fastest-growing markets with potential to be among top 10: Airbnb CBO

Fin inclusion, digital growth to drive payments bank momentum in India: Airtel Payments Bank CEO

China, Hong Kong account for 56 pc of India's total imports of electronics, telecom, electrical products: GTRI

Electric bike sales decline 50% in April amid subsidy changes

Agilitas appoints Nirdosh Chouhan as chief technology and product officer

Maiva Pharma raises Rs 1000 crore from Morgan Stanley Private Equity, InvAscent

Indus Towers facing an Rs 60 cr shortfall in collections from Vodafone Idea in Q4

OECD revises India's FY25 growth forecast upward to 6.6%

Paytm Money CEO Varun Sridhar steps down; Rakesh Singh appointed as chief executive

NPCI inks pact with Bank of Namibia for developing UPI-like instant payment system


*Mint :*
Cognizant lowers revenue outlook for 2024 after slow March quarter

UPI transaction volume declined to ₹19.64 lakh crore in April.

Adani Enterprises Q4 Results: Net profit drops 38% to ₹451 crore

Adani Ports Q4 net profit jumps 76% YoY to ₹2,040 cr; ₹6 dividend declared

Anthill Ventures plans $100 million hybrid fund for Indian startups

NCLAT dismisses minority shareholders' plea in Minosha India case

Adani Group eyes 5 GW electrolyzer capacity with up to $3 bn investment

India's manufacturing activity in April second strongest in 3.5 years

India's Serum Institute faces lawsuit on Covishield vaccine over girl's death

Microsoft and Brookfield sign biggest-ever clean power deal

Coforge Q4 net profit down 5.6% YoY to ₹229.2 cr Open / Comment

2024-05-03 05:45:00 Morning Alert..
*Manufacturing PMI slips to 58.8 in April from March's 16-year high*
Indian manufacturing slowed down a bit in April but growth stayed robust to signal the second-best improvement in the sector's health in three and a half years, said a private business on Thursday. The headline Purchasing Managers' Index (PMI), released by HSBC, slipped to 58.8 in April from a 16-year high of 59.1 recorded in March. “Firms experienced a sharp upturn in new business intakes and scaled up production accordingly. With sales expected to remain positive, buying levels were raised, and input stocks were increased to one of the greatest extents seen in over 19 years of data collection. Cost pressures ticked higher, though they remained historically mild, pushing up charge inflation to the strongest since January,” said the survey. A figure above 50 in the index denotes expansion and that below signifies contraction. Indian manufacturers reported robust demand from Indian and foreign clients in April when total new orders rose sharply. The pace of expansion was the second strongest since 2021.

*Bonds rally as US Federal Reserve says no plans for further rate hike*
Government bonds strengthened on Thursday as traders covered short positions following the US Federal Reserve Committee’s announcement of no further rate hikes. However, the US rate-setting panel indicated that interest rates would remain elevated for an extended period, potentially delaying expectations of rate cuts. The yield on the benchmark 10-year government bond fell by three basis points to settle at 7.16 per cent, against the 7.19 per cent on Tuesday. Money markets were shut on Wednesday on account of Maharashtra Day. “The market was relieved that at least there won’t be any hike; that is why we could see some rally (price) today,” said a dealer at a state-owned bank. “Primary dealers were covering their short bets. On the selling side, it was public sector banks, and private banks had bought a lot in the last few sessions, so they were on the selling side too,” he added. Price and yield move inversely.

* Global market action*
Dow Jones – Up by 1.11% or 421.12 points
FTSE – Up by 0.63% or 50.91 points
CAC – Down by 0.88% or 70.28 points
DAX – Down by 0.20% or 35.67 points
Gift Nifty – Up by 0.44% or 101.00 points

*FII/DII activities*
FII – Sold 964.47 Cr worth of shares
DII – Bought 1352.44 Cr worth of shares.

*Stocks with high delivery Percentage*
SKF India Ltd – 87.6%
Eris Lifesciences Ltd – 87.2%
Tube Investments of India Ltd – 86.2%
JB Chemicals & Pharms Ltd – 86%
Endurance Technologies Ltd – 83.9%

*Primary market activities*
IPO opening today
Shone Infosystems Ltd (NSE SME) – Issue size 11.06Cr

*Commodities updates*
Gold – Rs 73190/10gm, Silver – Rs 80200/kg, Brcrude – Rs 6592/barrel, Copper – Rs 846.50/kg.

*Corporate News*
Coal India registers 18% growth in annual profit, tepid income rise.

Adani Ports Q4FY24 results: Net profit rises 76% to Rs 2,040 crore.

Godrej family begins process to untangle cross-holdings in listed entities. Open / Comment

2024-05-02 12:10:13 Ready to hit 41.50 Open / Comment

2024-05-02 12:01:17 New Journey

Vodafone Idea CMP 13. 4

Resistance 15 / 18 / 21 / 22

Support 12 / 10 / 8 Open / Comment

2024-05-02 10:10:11 Ready to hit again upper circuit Open / Comment

2024-05-02 08:45:25 Biggest monthly candle after 7 months consolidation.

Look at the monthly chart of AARTRCH SOLONICS. Stock has given strong candle stick break out after 7 months consolidation.

This kind of break out gives a huge one sided move in the next 3 months after the break out. Open / Comment

2024-05-02 08:27:34 BTST STRONG TECHNICAL AARTECH SOLONIC CMP 252.95 RESISTANCE 265 / 275 SUPPORT 240 Open / Comment

2024-05-02 08:16:15 BTST STRONG TECHNICAL

AARTECH SOLONIC CMP 252.95

RESISTANCE 265 / 275 SUPPORT 240 Open / Comment