IT stocks: Global brokerage CLSA states that IT companies should guide conservatively. The global brokerage keeps an unchanged outlook for key verticals like banking, retail, hi-tech, and telecom.
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On 2nd April, Sensex dropped 111 pts, Nifty at 22,453; Hero MotoCorp, Kotak Mahindra Bank top blue-chip losers, down 2%
On 2nd April, BSE Sensex declined by 110.64 points or 0.15 per cent to settle at 73,903.91. The NSE Nifty went down by 8.70 points or 0.04 per cent to finish at 22,453.30.
IEX, Tata Power, and Adani Power will be in focus today as the government has taken some decisions over more power demand during the summer. The planned maintenance of power plants will be shifted during monsoons. Further, surplus power will be presented in energy exchanges for sale.
Bharat Forge, RK Forging, GNA Axles, Samvardhan Motherson: The sale of Class-8 trucks in March went down 4.2 per cent YoY and On a month-on-month (MoM) basis, it reduced 29 per cent.
Indiabulls Real Estate Stock: The company is going to consider fundraising in an April 5 meeting.
Hindustan Zinc Stock: The company released its production numbers for the fourth quarter and year ended March 31, 2024.
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SRM Contractors Stock: The company will have its share debut on the bourses today.
JSW Energy Stock: The company has planned to raise up to Rs 5,000 crore via QIP in one or more tranches.
PNC Infratech Stock: The company’s arm, PNC Raebareli Highways, will receive Rs 117.15 crore as part of a settlement from NHAI.
Ashiana Housing Stock: The company sold the entire Gurugram Phase 3 of the ‘Ashiana Amarah’ project for Rs 440.32 crore.
Credo Brands Marketing Stock: Recently, the company released its Q4FY24 business update that will keep its shares in focus.
Read More: Adani Ports Shares: Brokerage Hikes Target Price, Stock Jumps 3.5% To Hit All-Time High Of 1425
Dhanlaxmi Bank Stock: The bank announced its Q4 results on 2nd April, after the market closure. Their business has increased by 6.30 per cent YoY and gross advances rose around 5.63 per cent YoY.
NALCO Stock: The company hit the record production and sales of aluminium-bauxite. The capacity utilisation of the alumina refinery is registered at 101.15 per cent.
Shriram Housing Finance Stock: As per a report by Zee Business, Warburg Pincus is the top candidate to buy the company.
Gopal Snacks Stock: The company results for the December quarter were weak. Profit slipped by 45 per cent and revenue saw a 1 percent increase.
IT stocks: Global brokerage CLSA states that IT companies should guide conservatively. The global brokerage keeps an unchanged outlook for key verticals like banking, retail, hi-tech, and telecom.
