Stocks in News

18 May, 2023

Greetings Investors!!

Here are the stocks in news today morning.

Global Markets Update

SGX Nifty

ASX 200

Dow Jones*

Nasdaq*

Nikkei 225

Hang Seng

SSE Composite

+0.18%

+0.56%

+1.24%

+0.72%

+1.23%

+1.17%

+0.62%

Note: Data was collected between 7:40 AM and 7:55 AM. 

*Dow Jones and Nasdaq closing value as of May 17.

MM Forgings

The firm recorded a 310.59% hike in net profit at Rs 30 crore for March ended quarter. Revenue stood at Rs 387 crore.

JSW Steel

The firm emerged as the favored bidder for a composite license of an unexplored iron ore mine in Maharashtra.

Vedant Fashions

The firm’s promoter, Ravi Modi Family Trust plans to sell 7% of the company’s stake through OFS. The floor price is set at Rs 1,161 per share.

Jindal Stainless

The firm posted a net profit of Rs 766 crore for Q4. Revenue for the same period stood at Rs 9,765 crore.

HDFC Bank

SBI Funds Management gets approval from RBI to acquire up to a 9.99% stake in HDFC Bank.

Thermax

The firm reported a 52.34% rise in net profit at Rs 156.21 crore for March ended quarter. Revenue stood at Rs 2,310.82 crore for the same period.

Honeywell Automation India

The firm posted a 54.16% rise in net profit at Rs 112.03 crore for Q4 FY23. Revenue stood at Rs 849.68 crore for the same period.

Quarter Results

IndiGo, SBI, ITC, GAIL, and United Spirits will announce their fourth-quarter results today.

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
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