Stocks To Watch: Biocon, Cadila, Power Grid, InterGlobe Aviation

Gold Silver Reports (GSR) – Stocks To Watch: Biocon, Cadila, Power Grid, InterGlobe Aviation — Indian equity benchmarks halted their three-day upmove as gains in Kotak Mahindra Bank, ITC and HDFC were offset by losses in Vedanta, Hindalco and Tata Steel. The S&P BSE Sensex was little changed at 35,176.42 while the NSE Nifty 50 index fell 0.2 percent or 21 points to 10,718.05. 

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Bajaj Auto Stock Sales Jump 26% In April

Gold Silver Reports (GSR) – Bajaj Auto Sales Jump 26% In April

📌 Bajaj Auto sold 4,15,168 units in April versus 3,29,800 units, up 25.88 percent (YoY)
📌 Bajaj Auto exported 1,85,704 units versus 1,51,913 units, up 22 percent (YoY)

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HCL Technologies Share Q4 Profit Meets Estimates

HCL Technologies Share

Gold Silver Reports (GSR) – HCL Technologies Share Q4 Profit Meets Estimates – Sales in dollar terms rose 2.5 percent to $2,038 million, also higher than the $1,988 million estimate. Earnings before interest and tax rose 2.9 percent to Rs 2,583 crore, while Ebit margins remained unchanged at 19.6 percent.  

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Stocks To Watch: Eicher, L&T, Maruti Suzuki, Tata Motors

Gold Silver Reports (GSR) – Stocks To Watch: Eicher, L&T, Maruti Suzuki, Tata Motors — Earnings from the country’s largest mortgage lender HDFC beat consensus estimates while the second largest private sector lender by market cap Kotak Mahindra Bank reported stable asset quality in March quarter.

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Interglobe Aviation Stock Rebounds From Friday’s Sharp Fall

Gold Silver Reports (GSR) – Interglobe Aviation Stock Rebounds From Friday’s Sharp Fall – Shares of the Gurugram-based budget airline rebounded from Friday’s sharp fall and rose 0.7 percent to Rs 1,417.65. International brokerage JPMorgan has maintained an ‘overweight’ on InterGlobe Aviation stock for target price of Rs 1,690.        

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PC Jeweller Stock Rebounds On Proposal To Consider Share Buyback

Gold Silver Reports (GSR) – PC Jeweller Rebounds On Proposal To Consider Share Buyback – Shares of the Delhi-based jewellery retailer rebounded from its worst fall in over two months on Friday and rose as much as 17.55 percent to Rs 209. The stock snapped its 5-day losing streak after it informed exchanges that its board will meet on May 25 to consider a proposal to buy back its shares.

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