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STOCK MARKET UPDATES 29/05/2024



 

*    PE ratio ineffective for valuing certain sectors and stocks in India: Kotak.

*    PNB Housing Finance shares drop over 8% to a 2-week low after the block deal.

*    Campus Activewear shares zoom 14% on strong Q4 results.

*    MTAR Technologies shares drop over 16% to hit a 2-month low on weak Q4 results.

*    Brigade Enterprises shares surge over 8% to a new record high on solid Q4 earnings.

*    IRCTC share price declines 5% post-Q4 results as net profit misses estimates.

*    Paytm clarifies Vijay Shekhar Sharma is not selling a stake to Adani.

*    One of the key promoters of Grasim Industries has increased its stake from 19.10% to 23.18%.

*    Mazagon Dock zooms 10% on robust Q4 results.

*    Amara Raja Energy & Mobility stock slips 4% post Q4 results.    

*    Suzlon Energy shares rise 4% on new order win.

*    NBCC shares jump 5% on strong Q4 results.

*    Adani Group increases stakes in Adani Enterprises and in Adani Green.

*    Aster DM shares slump 7.5% as firm reports net loss in Q4.

*    Wockhardt hopes to complete Phase III trials for Zaynich by Q1 of 2025.

*    Hindalco eyes $945 million gain from Novelis' US IPO.

*    Novelis IPO: US subsidiary of Hindalco declares price band at $18-$21 per share.

*    Musk offers factory tours to investors as he seeks support for his pay package.

*    Malicious Android apps with millions of downloads found on Google Play: Report  

*    Google Search algorithm leak shows company lied about search ranking: Report.

*    Microsoft adds official Copilot bot in Telegram: Report.

*    The rating agency S&P upgrades India's outlook to POSITIVE from STABLE.

*    Chennai Metro Rail to prepare a detailed project report for revamping all MRTS stations.

*    Ideaforge partners with Skylark to integrate self-evolving AI capabilities into drones.

*    AI darling Nvidia's market value surges closer to Apple.

*    NCLAT upholds Adani Goodhomes bid with a 93% haircut for Radius Estate.

*    Avendus launches ₹3,000-cr late-stage fund to invest in tech and healthcare firms.

*    SpiceJet faces yet another insolvency case from an engine lessor.

*    PwC is set to become OpenAI’s largest ChatGPT enterprise customer.

*    Anant Ambani Radhika's 2nd pre-wedding bash begins today.

*    Investors can now buy & sell bonds on RBI's retail direct app.

*    IndiGo introduces female-friendly seat selection; announces special flight sale.

*    HDFC Bank to stop SMS alerts for Low-Value UPI transactions.

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