Sensex and Nifty 50 came off-lows around noon on May 13 after having declined by nearly a percent. Automobile and oil and gas stocks were the major laggards.The domestic indices fell after a report revealed a decline in US consumer sentiment to a six-month low driving up short-term inflation expectations.At noon, the Sensex was down 316 points or 0.4 percent at 72,350 and the Nifty 50 was down 87 ...

Brokerages maintained their bullish stance on Bank of Baroda (BoB) after it posted an in-line January-March quarter (Q4FY24) performance. With both profit and net interest income (NII) growing by 2.3 percent year-on-year (YoY) in Q4, analysts view the stock's valuations as attractive for potential re-rating.So far this year, shares of BoB surged over 10 percent, outpacing a 1.5 percent rise in the...

Shares of BEML Ltd rose over 2 percent on May 13 as the company reported 62.9 percent year-on-year growth in consolidated net profit at Rs 256.8 crore for the quarter ended March 2024, led by healthy operating numbers. Its revenue from operations grew by 9 percent YoY to Rs 1,513.7 crore.The company's EBITDA surged 29.2 percent to Rs 370.4 crore, with an improvement in margins to 24.5 percent from...

Piramal Pharma shares zoomed 10 percent in opening trade and hit a 52-week high of Rs 166.70 on May 13 as investors cheered for the drugmaker's solid all-around performance in the January-March quarter.At 09.49 am, shares of Piramal Pharma were trading at Rs 163.95 apiece on the NSE. Trading volumes were sharply high in the counter as two crore shares changed hands on the exchange so far, signific...

Shares of ABB India jumped over 7 percent to scale a fresh high of Rs 7,791.50 on the National Stock Exchange (NSE) on May 13, after the company's March quarter earnings beat Street expectations.Analysts remained bullish on the stock as the electrification and automation major reported an 82 percent year-on-year rise in its net profit at Rs 467 crore on higher revenue.The engineering company's tot...