Stocks in News Today
Stocks In News Today
Our analysts at 5paisa scan through the financial markets and select the few trending stocks which were in the news and in the limelight for the day. Here is the list of a few trending stocks with their latest News and Updates.
Trending Stocks Today: 29-Apr-2024
1. Supreme Industries
- Supreme Industries shares rose 6% in early trading on April 29, after the plastic products manufacturer reported a 16% increase in sales in the March quarter. Supreme Industries' consolidated net profit fell 1.3 percent to Rs.354.8 crore from a year earlier.
- Revenue increased to Rs.3,007.9 crore from Rs.2,598.3 crore, up about 16 percent year on year. At 9.17 a.m., Supreme Industries was trading at Rs.4,585.9 on the NSE, up 5.5% from the previous close.
2. Maruti Suzuki India
- The country's largest automaker reported a standalone net profit of Rs.3,878 crore for the quarter ended March FY24, up 47.8 percent from the previous year, aided by solid operational statistics and greater other income, but total results fell short of analysts' estimates.
- Revenue from operations increased by 19.3 percent year on year to Rs.38,235 crore, while sales volume increased 13.4 percent to 5.84 lakh units over the same period. EBITDA climbed by 40% year on year to Rs.38,235 crore, with a margin growth of 170 basis points to 12.2 percent in the quarter. The business has suggested the largest dividend ever, Rs.125 per share, for FY24.
3. Vodafone Idea
- ATC Telecom Infrastructure withdrew the telecom operator by selling its whole stake of 144 crore equity shares (equal to 2.87 percent of paid-up equity) in open market transactions at an average price of Rs.12.78 per share, totaling Rs 1,840.3 crore. However, Citigroup Global Markets Mauritius has net purchased 48,13,75,145 equity shares in Vodafone at an average price of Rs.12.7 per share.
Top feeds
- 1. kpit tech: co says fy25 outlook - revenue growth of 18% - 22%, ebitda margin at 20.5%+ KPIT Technologies Limited
- 2. gland pharma: co appointed mr. satnam singh as coo || he had worked with aurobindo pharma, sun pharma & ranbaxy lab Gland Pharma Limited
- 3. tips industries: q4 ebitda 302m rupees vs 264m (yoy) TIPS Industries Limited
- 4. tips industries: q4 revenue 633m rupees vs 520m (yoy) TIPS Industries Limited
- 5. tips industries: q4 sl net profit 258m rupees vs 183m (yoy) TIPS Industries Limited
- 6. bharat dynamics: co fixes may 24 as record date for the purpose of split / subdivision Bharat Dynamics Limited
- 7. kpit technologies: q4 ebitda 2.78b rupees vs 2.6b (qoq) || q4 ebitda margin 21% vs 20.82% (qoq) KPIT Technologies Limited
- 8. kpit technologies: q4 revenue 13.2b rupees vs 12.6b (qoq) KPIT Technologies Limited
- 9. kpit technologies: q4 cons net profit 1.6b rupees vs 1.55b (qoq) KPIT Technologies Limited
- 10. avg logistics: co wins contract value of approx. rupees 50 cr over a period of 3 years AVG Logistics Limited
- 11. kpit tech: co approved issue of letter of comfort in favor of kpit technologies s.a.s. (france) KPIT Technologies Limited
- 12. kpit tech: co declared dividend 4.6 rupees per share KPIT Technologies Limited
- 13. techno electric: co wins orders worth 4063 cr rupees Techno Electric & Engineering Company Limited
- 14. apollo hospitals: apollo health raises margin guidance to 10-11% from 6-7% Apollo Hospitals Enterprise Limited
- 15. dilip buildcon: nhai is liable to pay 54cr rupees as arbitrational award to co Dilip Buildcon Limited
- 16. gland pharma: co receives usfda approval for cetrorelix acetate for injection || cetrorelix acetate has us sales of 129m usd Gland Pharma Limited
- 17. glenmark pharma: co receives anda approval for acetaminophen and ibuprofen tablets || co says these tablets achieved annual sales of approximately usd 84.1 million Glenmark Pharmaceuticals Limited
- 18. shakti pumps: co achieves highest ever revenue and profitability in a fiscal year revenue for fy24 at rs. 1,371 crores; pat at rs. 142 crores Shakti Pumps (India) Limited
- 19. persistent systems: co says carbon neutral for scope 1 and 2 emissions by 2025; reduce scope 3 emissions from our global operations by 30% by 2028 || 100% of electricity sourced from renewable sources by 2025 Persistent Systems Limited
- 20. l&t finance: co says highest ever annual pat of rs 2,320 cr for fy24, growth of 43% (yoy) || highest ever annual retail disbursements of rs 54,267 cr: growth of 29% (yoy) L&T Finance Holdings Limited
- 21. jai balaji industries: co says revenue contribution of value-added & specialized products (di pipes & specialized ferro alloys) to increase from 55% to 80% || ebitda margin to be in range of 18%-20% Jai Balaji Industries Limited
- 22. jai balaji industries: co aim to become net debt free in next 15 months || capex from internal accruals Jai Balaji Industries Limited
- 23. jai balaji industries: capacity enhancement - di pipes capacity expected to grow by 120% to 6.6l tpa || ferro alloys capacity is expected grow by 14% to 1.9l tpa || co aim to increase utilization rate above 90% Jai Balaji Industries Limited
- 24. jai balaji industries: co says revenues from specialized ferro alloys expected to grow from 20%- 25% to 35% by fy25-26 Jai Balaji Industries Limited
- 25. jai balaji industries: co says 30% of the revenues come from di pipes and is expected to grow to 45%-50% by fy25-26 Jai Balaji Industries Limited
- 26. jai balaji industries: management comments - co reports its highest-ever revenue, ebitda, and pat in fy24, emphasizing a turnaround driven by resilience and hard work || with a focus on expanding margins, reducing costs, and enhancing efficiencies under jai balaji 2.0, co aim to expand capacities for di pipes and ferro alloys and achieve a net-debt-free status within the next 15 months, supported by a robust balance sheet and cost-saving strategies. Jai Balaji Industries Limited
- 27. mastek: management comments - q4fy24 revenue stood at rs 779.7 crore, with a marginal 0.6% (qoq) decline in inr terms, but they anticipate industry-leading growth in fy25, supported by a 12-month order backlog of $260.0 million, showing a 4.6% (qoq) growth in dollar terms. Mastek Limited
- 28. mastek: management comments - strong demand for digital engineering, cloud, and data/ai services, with a 19.1% (yoy) growth in the 12-month order backlog, positioning them for robust growth in fy25 Mastek Limited
- 29. usha martin: management comments on ranchi facility's wave-1 capex program is on track, expecting commercial operations to start in q1 fy25, enhancing the company's value-added segment, with full ramp-up anticipated over the next 9-12 months, promising significant performance contribution in the next two years. Usha Martin Limited
- 30. ircon international: co wins order worth 1198 cr rupees Ircon International Limited
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7634.60 | 53.1 (0.7%) |
| CAC 40 | 8127.36 | 39.12 (0.48%) |
| DAX | 18227.01 | 66 (0.36%) |
| Dow Jones | 38239.66 | 153.86 (0.4%) |
| FTSE 100 | 8178.51 | 38.68 (0.48%) |
| Hang Seng | 17746.92 | 95.77 (0.54%) |
| US Tech Composite | 15932.90 | 316.14 (2.02%) |
| Nikkei 225 | 37934.76 | 0.07 (0%) |
| S&P 500 | 5099.96 | 51.54 (1.02%) |
| Gift Nifty | 22741.00 | 103 (0.45%) |
| Shanghai Composite | 3113.04 | 24.4 (0.79%) |
| Taiwan Weighted | 20495.52 | 375.01 (1.86%) |
| US 30 | 38326.90 | -12.5 (-0.03%) |
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