Menu

Weekly Digest: 01 – 19 April 2024

1. India is making strides towards green energy with an allocation of land at Kandla Port for green hydrogen and ammonia production.
2. Brokerages raise target prices for 8 stocks including IT, car manufacturers.
3. Nikkei 225 drops further amidst Iran-Israel tension.
4. Gold is steady amidst all these geopolitical tensions, US dollar, rising yields influence etc.
5. Oil prices are decreasing due to the global demand worries despite Middle East supply fears.

  • India is making strides towards green energy with an allocation of land at Kandla Port for green hydrogen and ammonia production, involving major players like Reliance Industries and Larsen & Toubro.
  • Brokerages raise target prices for 8 stocks including IT, car manufacturers i.e. Zomato, Dixon, TCS, Exide, Vedanta, Indus tower, Godrej Properties, Maruti Suzuki.
  • Nikkei 225 drops further amidst Iran-Israel tension.
  • Gold is steady amidst all these geopolitical tensions, US dollar, rising yields influence etc.
  • Oil prices are decreasing due to the global demand worries despite Middle East supply fears.
  • JSW veteran Prashant Jain acquires 1.89% stake in Coffee Day Enterprises.
  • Hira Automobiles was fined Rs 14 lakh for 10-year delay in SEBI directive compliance.
  • NSE is going to halt new futures and options contract issuance for Zee Entertainment.
  • Sensex, Nifty is falling for 3rd day amidst the rising bond yields, West Asia tensions.
  • Meson Valves shares jump 3% on winning order from Singapore company.
  • Asia sees selloff and subdued US futures due to Fed rate overhang, Israel tension.
  • Healthcare, pharma deal values dip 67% YoY in March quarter: GT Bharat.
  • Savita Oil hits all-time high for manufacturing Ester molecule, used in EVs.
  • Srinivas Pallia sells Wipro shares worth Rs 5 crore before becoming CEO.
  • Indian rupee falls to record low on rising US yields, RBI intervention is expected.
  • Oil prices rise on solid China growth, Middle East tensions.
  • Jio Financial Services soars 5% on BlackRock JV for wealth management.
  • Sensex, Nifty extend fall due to rising bond yields, West Asia tensions.
  • Senco Gold’s expansion plans; growth in diamond and accessory markets.
  • Vodafone Idea FPO opens April 18; plans for network infrastructure expansion.
  • Cipla India inks agreement with Ivia Beaute; but the shares trade flat.
  • Cello World poised for growth; benefits from rising consumer incomes.
  • Manappuram Finance plans $500M fund raise through external commercial borrowings.
  • Pharma exports to US surge, up 15% from last year.
  • Radakishan Damani buys additional shares worth Rs 86.25 crore in VST Industries.
  • Ramkrishna Forgings jumps 3% on Rs 270-cr Vande Bharat order.
  • IREDA shares drop 8% as 3 domestic MFs sell their stakes.
  • Aster DM Healthcare surges 14% on special dividend announcement.
  • Reliance Power transfers wind project to JSW Energy; as a result stocks decline.
  • Zomato stock drops 4% despite UBS’ increased target price and potential upside.
  • Adani Enterprises slips as subsidiary acquires 49% stake in Adani Esyasoft Smart Solutions.
  • Red flags for Indian IT from TCS’ Q4 results; key growth engines sluggish.
  • NRIs prefer AIFs over PMS due to stable rupee and Indian equities’ performance.
  • Pace Financial dominates top 5 PMS schemes in March.
  • Pratham EPC bags Rs 497-cr order, stock jumps 20%.
  • Reliance Infra shares plunge 20% for second day post SC order.
  • Pidilite Industries Q4 PAT seen up 50.6% YoY to Rs. 431 crore: Sharekhan.
  • Experts recommend buying on dips till Nifty holds 22,500; crucial support noted.
  • CAMS gains 4% as RBI allows online payments aggregator status.
  • Vakrangee ties up with Max TV for OTT services, shares up.
  • Dr Reddy’s dips despite launching migraine device in Europe.
  • PVR Inox shares gain on launching 14-screen megaplex in Bengaluru.
  • Uno Minda buys land for alloy wheel plant in Haryana, stock up.
  • L&T sells stake in infra arm; shares trade higher.
  • TVS Supply Chain records 5 lakh CKD kits; shares see uptick.
  • Tips Industries gains on Rs. 37.2-crore buyback offer at premium.
  • Vodafone Idea’s Rs. 18,000-crore FPO opens April 18 at floor price Rs. 10.
  • Metropolis Healthcare hits 52-week high, becomes debt-free.
  • Marcellus’ Consistent Compounders witness Rs 1,160 crore redemptions in 3 months.
  • Midcap, smallcap stocks see MFs buying during March correction.
  • IndiGo becomes world’s 3rd largest airline by market cap.
  • Reliance Infra stock plunges 20% after SC verdict on award.
  • US FDA raises procedural concerns about Alkem’s Baddi Plant.
  • Emkay Global Financial advises buying Gulf Oil Lubricants with target of Rs 1350.
  • Pharma sector expected to report healthy quarter on steady US sales.
  • Canara Bank, Voltas among 18 stocks likely to enter MSCI India index.
  • Sun Pharma Advanced falls 5% on halting Parkinson’s drug trial.
  • Ramco System surges 18% on Korean Air deal announcement.
  • Lupin launches generic doxycycline capsules in USA, shares up.
  • Shyam Metalics shares rise 3% on capacity expansion news.

Leave a Reply

Your email address will not be published. Required fields are marked *

×