Shares of Wipro rose 2.03 per cent on Monday’s trade to close at ₹461.95 on the NSE despite posting weaker-than-expected March quarter financial results. Even analysts remain rather bearish on the stock. The company’s profits rose 5.2 per cent q-o-q. However, the company recorded an 8 per cent profit decline in Q4 at ₹2,835 crore.

A Reuters report quoting unnamed sources said the markets regulator has found a dozen offshore funds invested in Adani group companies are in violation of disclosure rules and in breach of investment limits.

Domestic markets are set to open lower on Tuesday, amid mixed global markets. Reliance Industries will be in focus after the conglomerate beat fourth-quarter profit estimates. Besides ongoing corporate results, the expiry of F&O monthly contracts on the NSE will add to volatility, analysts said

Hatsun Agro Product Ltd’s shares were up by 11.17 per cent after the company reported its financial results for the fourth quarter and the financial year ending March 31, 2024. In Q4 FY24, the company saw a revenue growth of 14.38%, with revenue from operations reaching ₹2046.87 crore compared to last year when the company reported ₹1789.46 crore. The EBITDA grew by 46.64% to ₹231.77 crore, and the Profit after tax (PAT) increased by 108% to ₹52.16 crore compared to Q4 FY23 where it stood at ₹24.98 crore

Intellect Design Arena Ltd.’s shares were up by 0.07 per cent after the company reported that its transaction banking specialist, Intellect Global Transaction Banking (iGTB) with Jordan Kuwait Banks implemented a fully integrated Corporate Banking platform. It is powered by eMACH.ai with 50 per cent coverage amongst active transaction banks in the country.

Caplin Point Laboratories has shown remarkable progress and continues to be on a growth path. Earlier, in July 2022, we recommended that investors accumulate the stock, and the stock, after returning 90 per cent, is still poised for further growth. At 18 times one-year forward earnings, it is at a premium to its historical valuation range of 16 times. But considering earnings growth visibility and modest valuations compared to bigger players (averaging 23 times one-year forward earnings), we reiterate the accumulate call on Caplin Point.

Nifty 50 (22,147) and Bank Nifty (47,574) lost 1.7 per cent and 2 per cent respectively last week. Consequently, the futures contract of these indices too fell. Below is an analysis of futures and options data and projection for this week.

Investment bankers from top domestic firms could take home 100-150 per cent of annual salary as bonuses, on average — much higher than last year when payouts ranged from 30 per cent to 40 per cent.

After six months of strong buying and consistent monthly inflows, Foreign Portfolio Investors (FPIs) shifted their strategy in April, becoming net sellers in the debt market. to the tune of ₹6,124 crore as of April 19.

Today is the last date to subscribe into Vodafone Idea’s further public offer. The mega ₹18,000-crore FPO has so far been subscribed by 0.49 times. The FPO price band has been set at ₹10-11.