News

Market at day’s high, Nifty above 24,300, FMCG is the top gaining sectoral index, up nearly 3%

The natural gas pipeline will cover a length of around 425 km with a system capacity of 6.84 mmscmd.

NBCC Emerges As Highest Bidder For Rs 1,374 Cr Commercial Tower At Bharat Biz Park

Here are a few stock recommendations by Jay Thakkar, Head Derivative & Quant Research, ICICI Securities:

Buy Dr Reddy’s Laboratories with a stop loss of ₹1,150 and a target of ₹1,300-1,340

Buy ITC with a stop loss of ₹296 and a target of ₹330-345

Buy Reliance with a stop loss of ₹1,310 and a target of ₹1,430-1,470

NBCC Gets ‘No Objection’ From DIPAM For HSCC Merger

IBJA On Gold Imports:

Importers Await DGFT’s Clarification On Concessional Duty Resulting In GST Blockage

There Have Been No Imports Of ‘Dore’ For 3 Months

Alert: Srcs Say All Gold Import Applications Except MMTC & IIBX Imports Rejected From Apr 1

Stocks in focus are Titan, Kalyan Jewellers & MMTC

Here are a couple of stock recommendations by Shrikant Chouhan, EVP and Head Equity Research, Kotak Securities:

Buy Siemens India with a stop loss of ₹3,475 and a target of ₹3,700-3,750

Buy Hindalco with a stop loss of ₹940 and a target of ₹1,050-1,060

Nuvoco Vistas To CNBC-TV18

Overall Demand Has Picked Up In All Markets In April, Particularly Our Core-East Market

Have Taken Price Increases Of Rs 10-15/Bag Across Our Core Markets In Trade Segment

Non-trade Price Hikes Are To The Tune Of `20/Bag

Price Hike Of `10 Has Been Absorbed Across Markets

Not A High Hit On Fuel Costs In Q1FY27 Due To Lower Cost Inventory Which Will Last Till Q2FY27

Cost Increase In April Vs March Exit Cost Is Rs 100-120/t

Looking At Maintaining FY27 EBITDA/t At Similar Levels As FY26 Which Is Approximately `900/t

Will Look To Move Clinker From Kutch To Surat Via Sea As Well As Rake Route

Planned Bulk Terminal At Sachana, Gujarat To Serve As A Strategic Distribution Hub

Confident We Can Churn Cement Out Of Surat In Q2FY27

We Have Scaled Cement Capacity To 35 mt From 2 mt & Focus Is On Expansion

Focus Is On Expanding Cement Capacity Across India

L&T Tech Partners With Global Energy Major For Digital Expertise Centre In India, Deploying Around 500 Engineers

Karan Virwani, WeWork India On CNBC-TV18:

Q4 Numbers & Q1 Pipeline Will Provide A Clear Growth Picture

Guidance For Topline Growth Of 20% For The Coming Years

Supply Availability & Demand Overhang Persisted Post-Covid

Gurgaon Saw Some Construction Delays

We Have Signed A Few Under-Construction Assets

Supply Availability & Demand Overhang Persisted Post-Covid

Gurgaon Saw Some Construction Delays

We Have Signed A Few Under-Construction Assets

Ramp-up Of Assets Will Aid To Rental Revenue Growth

Will Average 20-22% EBITDA Margin

Rupee at day’s high, now at 92.74 against US Dollar, strengthens by nearly 47 paise.

Krishna Srinivasan, IMF On CNBC-TV18:

Numbers For Asia Remain Unchanged Compared To January 2026

India Sees A Modest Revision, With FY27 Growth Forecast At 6.5%

Asia Started 2026 On A Strong Footing & The Current Disruption Is Expected To Be Temporary

If China Performs Well, Other Emerging Markets Are Also Likely To Do Well

1% Growth In China Translates Into Around 0.3% Growth Across Emerging Markets

If The West Asia Situation Is Prolonged, Asian Growth Could Be 1-2% Lower & Inflation Could Be Higher

We Could See A Long-term Impact On Capital Flows If The West Asia Situation Intensifies

If AI Is Used Efficiently, It Could Add 0.1–0.8% To Global Growth

Glycerol Phenylbutyrate Oral Liquid Is Used For The long-term Management Of High Blood Ammonia

India Bullion And Jewellers Association Says:

All gold #import applications rejected from April 1

Only MMTC & India International Bullion Exchange (#IIBX) imports for gold are ongoing

Ranjit Cirumalla, IIFL On CNBC-TV18:

Ammonia Supply Continues To Be An Issue For Fertilisers, Amines & More

Continue To Prefer SRF, Navin fluorine, Deepak Nitrite and Deepak Fertilisers

We Could Enter Into Restocking Cycle If The Disruptions Continues

Boman Rustom Irani, Keystone Realtors ON CNBC-TV18:

Q4 Was The Best Quarter For The Company In Terms Of Bookings

`10,000 Cr Worth Of Projects Have Been Launched In The Last Year

We Expect To Achieve Sales Of `10,000 Cr Over The Next 4 Years

We Have Delivered Steady-State Growth Of 25% Over The Last 3 Years

Shantanu Roy, BEML On CNBC-TV18:

Have Been Working On Recent Export Orders From West Asia For 7-8 Months

Have Not Seen Much Impact On Supply Chain Due To The West Asia Conflict

See An Opportunity Size Of `40,000 Cr In FY27 Across Segments

Expect Order Inflow Of `20,000 Cr In FY27

Target To Cross $200 m Order Book In The International Business In FY27

Expect Exports To Contribute 6-7% To Topline In FY27, Target To Scale Up To 10% In FY28/29

Contemplating A Diversification Strategy To Cater To Increased Demand For Precision Warfare, Drones & More

Dixon Tech Shares MAy Rally 30%, As Per Motilal Oswal

The brokerage has reiterated its ‘buy’ rating with a price target Rs 14,700.

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Here are a few stock recommendations bye Mitessh Thakkar, President – Retail Research, Bonanza Portfolio:

Buy BEL with a stop loss of ₹448 and a target of ₹468

Buy Eternal with a stop loss of ₹247 and a target of ₹263-265

Buy Indian Hotels with a stop loss of ₹641 and a target of ₹675

Buy Cummins with a stop loss of ₹4,975 and a target of ₹5,180

RVNL shares are trading with gains of nearly 4% after the company was selected as the lowest bidder for a project worth Rs Rs 970 crore.

Gujarat Gas is up nearly 6%

Kolte Patil shares surge over 10% on Q4 biz update impact

Waaree Renewable up nearly 7% while Wipro & HDFC Life down in the range of nearly 3-4% on Q4 results impact

HDFC Life reacts to Q4 results. The stock is the top Nifty 50 loser.

VST Industries shares are currently up over 16%.

The company’s net profit increased 120% to Rs 116.7 crore from Rs 53 core in the year-ago period.

Its revenue was up 30.9% at Rs 457 crore from Rs 349 crore in the previous year.

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Wipro shares are down over 2.5% reacting to the company’s fourth quarter earnings. The company also announced a buyback on Thursday.

Market opens flat, Nifty below 24,200, rupee streghthens against dollar

JPMorgan On Wipro:

Neutral Call, Target Price At Rs 200/Sh

Q4 Was Mixed, Revenue Misses While Margin Beats Estimates

Client Issue & Deal Delay To Weigh On Q1 Growth

Margin Strong But Aided By One-off Write-back

Margin Guided At 17-17.5%

Buyback Announced At `250/Sh (19% Premium)

CLSA On Wipro:

Hold Call, Target Price At Rs 194/Sh

Weak Quarter With More Negatives, Revenue Miss & Ongoing Leakage

Soft Deal Wins YoY, Weak Q1FY27 Growth Guidance

Deal Ramp-up Delays Continue, Top Account Mining Has Stalled

BFSI Momentum Weakens, FY26 Marks Third Year Of Negative CC Growth

Stable Margin & Buyback Are Positives

FY27 Growth Cut, EPS Raised On Margin

HSBC On HDFC Life:

Buy Call, Target Price At Rs 690/Sh

Q4FY26 Was Soft Across Metrics

Weak APE, Margin, Persistency & EV Growth

Management Positive, But Execution Key

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