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1,350% surge in 5 years! This firm is waiting to make a killing on 5G

Authors: Jordan

Sterlite Technologies, which deals in fibre optic cables, has several tailwinds going for it: government initiatives such as Digital India and Smart Cities, expectation of exponential data growth and 5G deployment the world over.

It boasts of an all-time high order book, which also ensures strong revenue visibility and has a

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137 stocks hit fresh 52-week lows on NSE on Wednesday

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Apollo Micro Systems, Bharat Electronics, Chennai Petroleum Corporation, HDIL and Hindustan Motors joined the bandwagon of those 137 stocks that hit fresh 52-week lows on NSE on Wednesday.

GTL Infrastructure, Mahanagar Gas, PC Jeweller, Vakrangee and Videocon Industries were also among the

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InterGlobe Aviation stock falls over 3% ahead of March Q4 results

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Shares of InterGlobe Aviation today fell more than 3 per cent in morning trade on bourses ahead of its March quarter earnings which is scheduled to be announced later in the day.

Shares of the company opened at Rs 1,420, but soon lost ground and were trading at Rs 1,353, down 3.34 per cent over

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PCJ wipes out 80% of investor wealth since Jan; F O banned

Authors: Jordan

PC Jeweller (PCJ), at the centre of a controversy over disclosure norms, tumbled over 10 per cent early on Wednesday.

The stock's free fall went into the ninth straight session.

It has now wiped off over 83 per cent of investors’ wealth from the January high. Its m-cap tumbled to Rs 3,817 crore (around 9.25 am) on May 3, from Rs 2

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Nearly 100 stocks hit fresh 52-week highs on NSE on Wednesday

Authors: TheIndianSubcontinent News Agency

NEW DELHI: As many as 99 stocks including Bharat Bijlee, Bombay Dyeing - Mfg Company, Dabur India, DHFL and Hindustan Unilever hit fresh 52-week highs on NSE on Wednesday.

Kotak Mahindra Bank, Mahindra - Mahindra, Mindtree, Nestle India, Indiabulls Ventures, Jubilant Foodworks, Raymond and Cyient

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Market Now: Nifty PSU Bank index down 2% with all components in the red

Authors: TheIndianSubcontinent News Agency

NEW DELHI: PSU bank stocks were suffering fall during Wednesday's trade, keeping the sectoral index in the red.

The Nifty PSU Bank index was trading 1.93 per cent down at 2,808 around 11:25 am (IST) with all components in the red.

Indian Bank (down 3.03 per cent) was the top drag on the PSU bank index. It

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Market Now: Over 90 stocks hit fresh 52-week lows on NSE

Authors: Jordan

NEW DELHI: Over 90 stocks including Balrampur Chini Mills, Bharat Electronic and Chennai Petroleum Corporation hit fresh 52-week lows on NSE during the early Thursday trade.

HCC, HDIL, HUDCO, Idea Cellular, IDFC Bank, Mahanagar Gas and Vakrangee also featured among the stocks that hit fresh 52-week lows on NSE.

The equity benchmarks

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F O: Nifty signals weakness; negates higher highs and lows

Authors: TheIndianSubcontinent News Agency

The Nifty50 index opened with gap up on Wednesday but failed to hold the gains and corrected towards the 10,690 level. The index closed in the negative and negated the formation of higher highs and higher lows of last three sessions.

However, it recovered from the lows on support from the rising trend

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Dabur India scales record high post Q4 data

Authors: TheIndianSubcontinent News Agency

NEW DELHI: FMCG firm Dabur India surged over 3 per cent on Wednesday to hit a record high after its consolidated net profit grew 19 per cent annually for the March quarter.

The stock's lifetime high at Rs 382.30 on the BSE came as profit rose to Rs 396.20 crore for January-March. It had reported Rs 333.10

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Hero MotoCorp Q4 profit jumps 35% on strong sales growth

Authors: TheIndianSubcontinent News Agency

The country’s largest two-wheeler maker Hero MotoCorp met street estimates to report a 34.8% increase in net profit at Rs 967.40 crore for the three months ended March 31, 2018 on back of strong sales, especially in rural areas. The company had posted net profit of Rs 717.75 crore in the corresponding
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These stocks surged up to 20% on NSE on Wednesday

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Shares of Nakoda (up 20 per cent), Samtel Color (up 20 per cent), ECE Industries (up 19.99 per cent), Zodiac JRD MKJ (up 19.93 per cent) and Sathavahana Ispat (up 19.81 per cent) surged up to 20 per cent on NSE on Wednesday.

On the other hand, PC Jeweller (down 23.15 per cent) saw a steep fall

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Market Now: Over 85 stocks defy cautious market mood, hit fresh 52-week highs

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Over 85 stocks including Kotak Mahindra Bank, Mahindra - Mahindra, Mindtree, Nestle India and Cyient hit fresh 52-week highs on NSE during Wednesday's trade, defying the cautious mood of broader markets.

Stocks such as Dabur India, Escorts, Firstsource Solutions, Hindustan Unilever, Jubilant

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Digital investments to be key growth driver for HCL Technologies

Authors: TheIndianSubcontinent News Agency

ET Intelligence group: The stock of HCL Technologies lost some of its one-month gain of 7.3% on Wednesday after the company’s lower than anticipated revenue guidance for the current fiscal dismayed investors. The country’s fourth largest software exporter guided for 9.5-11.5% growth for FY19 in dollar ter
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Sensex, Nifty end flat ahead of Fed decision; PCJ slumps 23%

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Weak Asian cues and uninspiring March quarter earnings from some bluechip courtiers weighed on domestic equity benchmarks on Wednesday.

Both the key indices Nifty and Sensex closed on a flat note, with gains in Kotak Mahindra Bank, HDFC Bank and ITC offset by losses in ICICI Bank, Hindustan

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Hero MotoCorp gains 1% on Q4 hopes

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Hero MotoCorp advanced nearly 1 per cent on Wednesday ahead of its March quarterly results slated later for the day.

Brokerages expect a strong year-on-year growth for the quarter because of a weak base. In the fourth quarter of FY17, the two-wheeler maker's net profit was impacted by one-time

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Nifty IT index fall on the poor show of HCL Tech, Tech Mahindra, TCS

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Losses in index heavyweights, such as HCL Technologies (down 4.96 per cent), the Nifty IT index closed Wednesday's session in the negative territory.

The Nifty IT index settled 1.66 per cent down at 13,754 today.

Mindtree (down 3.04 per cent), Oracle Financial Services Software (down 2.38 per

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Check out the top losers of Wednesday's session

Authors: TheIndianSubcontinent News Agency

NEW DELHI: PC Jeweller (down 23.15 per cent) saw a gut-wrenching fall in its share prices on Wednesday, taking its losing spell to the eighth trading session.

Ruchi Soya (down 15.74 per cent), FCS Software (down 14.29 per cent), Arshiya (down 12.33 per cent) and Tara Jewels (down 10.64 per cent) plunged

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Did Anil Kumar Goel get his call wrong on sugar His stocks have just hit 52-week lows

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Avadh Sugar - Energy, a smallcap company promoted by yesteryears’ industrialist Krishna Kumar Birla’s daughter Nandini Nopany and her family, was constantly on the radar of value investor Anil Kumar Goel through March quarter.

Goel, who owned over three dozen smallcap stocks at the end of

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Kotak Mahindra Bank, HDFC Bank keep Nifty Bank index up

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Gains in Kotak Mahindra Bank (up 3.78 per cent), HDFC Bank (up 1.30 per cent) and Axis Bank (up 1.25 per cent) helped Nifty Bank index close the day with gains on Wednesday.

The index closed 0.14 per cent up at 25,568.

Shares of Federal Bank (up 0.71 per cent) too saw mild gains.

However, Bank

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Authors: TheIndianSubcontinent News Agency

NEW DELHI: InterGlobe Aviation on Wednesday reported 73.30 per cent yearly drop in profit at Rs 117.64 crore for March quarter.

The owner of IndiGo airlines had reported Rs 440.30 crore profit in the corresponding quarter last year.

Aditya Ghosh, the company President, stepped down last week. Promoter and

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Market Now: Over 100 stocks hit fresh 52-week lows on NSE

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Over 100 stocks including GTL Infrastructure, HDIL, Mahanagar Gas, PC Jeweller, Vakrangee and Videocon Industries hit fresh 52-week lows on NSE during Wednesday's trade.

Equity benchmarks erased the gains of the opening session and were trading in the red on selling in IT, metal and bank stocks

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Tech view: Nifty50 forms Bearish Belt Hold, hits the pause button

Authors: TheIndianSubcontinent News Agency

NEW DELHI: The Nifty50 on Wednesday failed to capitalise on a strong start and saw brisk selling as soon as the opening bell rang, but eventually ended the session in the red. The index formed a bearish candle similar to a Bearish Belt Hold and negated the formation of higher highs and higher lows,
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Top intraday trading ideas for afternoon trade for Wednesday, 2 May 2018

Authors: TheIndianSubcontinent News Agency

NEW DELHI: The Nifty50 index was trading 13 points down at 10,727 around 11:45 am (IST) on Wednesday following selling in metal, PSU bank and IT counters.

ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade:

Manas Jaiswal of

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Market Now: Markets turn lacklustre, but these stocks surge up to 20%

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Shares of Nakoda (20 per cent), Felix Industries (20 per cent), ECE Industries (19.99 per cent) and Zodiac JRD MKJ (19.93 per cent) surged up to 20 per cent on NSE during the early trade on Wednesday even as broader markets were lacklustre.

Stocks such as Transformers and Rectifiers (17.10 per

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Auto stocks give up early gains; Eicher Motors, Hero MotoCorp tumble 2%

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Most auto stocks closed Wednesday's session in the negative terrain, erasing all gains of the early session of trade.

Auto stocks saw decent traction during the morning trade on Wednesday on strong April sales numbers. However, the gains proved to be short-lived and a majority of auto stocks had

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ADAG stocks rally, RCom, Reliance Naval climb up to 16%

Authors: TheIndianSubcontinent News Agency

Shares of Anil Dhirubhai Ambani Group (ADAG) climbed up to 16 per cent on Wednesday morning.

Reliance Communications rose 15.74 per cent to Rs 17.65 at around 10.50 am (IST). The scrip opened at Rs 15.25 and touched high and low of Rs 17.75 and Rs 14.95, respectively, so far. The benchmark BSE Sensex was

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Top 5 takeaways from HCL Technologies Q4 earnings

Authors: TheIndianSubcontinent News Agency

NEW DELHI: HCL Technologies on Wednesday posted its financial results for the quarter to March, which was in line with market expectations.

But the stock slipped over 3 per cent in early trade soon after the IT major announced its quarterly results this morning.

“We have achieved both on the revenue and m

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Tata Power back in black, reports Rs 1,478 crore profit in Q4

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Tata Power on Wednesday reported a profit of Rs 1,478 crore for March quarter on higher sales. This compares with a loss of Rs 227 crore in the same period last year.

The firm’s operating profit for the quarter was up 18 per cent at Rs 1,445 crore compared with Rs 1,221 crore in the year-ago p

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More downside for PCJ, stock crashes 18%

Authors: TheIndianSubcontinent News Agency

NEW DELHI: PC Jeweller (PCJ) sank over 18 per cent on Wednesday to take its losing spell to the eighth trading session.

The board's decision to consider a share buyback proposal has failed to lift sentiment at the counter. Clarifications by promoters suggesting no change in the management control and

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Market Now: Market's early gains fizzle out; these stocks crack over 10%

Authors: TheIndianSubcontinent News Agency

NEW DELHI: Shares of FCS Software (down 14.29 per cent), PC Jeweller (down 12.56 per cent), Shekhawati Poly (down 12.50 per cent), SRS (down 11.11 per cent) and Tara Jewels (down 10.11 per cent) cracked over 10 per cent during the early trade on Wednesday.

Stocks such as BS Ltd (down 6.67 per cent), High

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