There aren't many stocks available at compelling discounts right now. That's all thanks to a roaring stock market rally that has pushed indexes to new highs. The S&P 500 is up 22% in the last 12 months, in fact, and many growth stocks have rallied by much more. Starbucks (NASDAQ: SBUX) is not one of them. The coffee giant's shares are down 21% since mid-April 2023.

Alok Industries released the January-March quarter results on Saturday and posted a consolidated net loss of ₹215.9 crore, as compared to ₹297.5 crore reported during the same quarter last year. The revenue of the textile company declined 6% year-on-year from ₹1,570.4 crore to ₹1,469.3 crore during the period under review.

Both of Wipro’s IT larger rivals have posted better earnings. Tata Consultancy Services (TCS), India’s top IT services firm, posted a 4.1% revenue growth and 7.7% rise in net profit for FY24. Infosys fared weaker, but still managed to post 1.9% revenue growth and a 6.2% rise in net profit for the full year. Analysts expressed continued scepticism in Wipro’s ability to turn the business around.

HDFC Bank has done a write back of around Rs 200 crore or 20% on its provisions made to its alternative investment funds (AIFs), said Srinivasan Vaidyanathan, Chief Financial Officer, HDFC Bank. “We have released around 200 crore from our provisions to our AIFs investments. This is around 20 percent of our total provisioning,” Vaidyanathan said at a post-result press conference.

Individuals can invest in the metal through sovereign gold bonds. They can invest in bonds at the time of primary issuance or from the secondary market if they are available at a discount. As there are few buyers for these bonds in the secondary market, some sellers offer the bonds at a lower price. Investing in Sovereign Gold Bonds (SGBs) has several advantages.

There was a time when the term "million-dollar home" conjured images of mansions in Beverly Hills or penthouses in Manhattan. But in a housing market where the median price of a US home has jumped 30% since 2020 and nearly doubled since 2010, what does a cool million command these days? A six-bedroom home? Sure, but it's in Cleveland. A luxury penthouse? Sort of.

Following weak global market sentiments on rising fears of the Iran-Israel war, the Indian stock market snapped its four-week winning streak. Sumeet Bagadia's stocks to buy on Monday 💰ICICI Bank: Buy at ₹1067.25, target ₹1140, stop loss ₹1030 💰Maruti Suzuki: Buy at ₹12711, target ₹13700, stop loss at ₹12050 💰Hindustan Copper: Buy at ₹364.10, target ₹430, stop loss ₹320

Over the past four years, Pricol Limited has shown consistent growth in its shares, maintaining a steady upward trend and providing significant returns to its shareholders. Brokerage firm Anand Rathi has assigned ‘buy’ rating to this small-cap multibagger stock, with a target price of ₹495. The current market price of Pricol Ltd. is ₹425.25.

Home textiles manufacturer Indo Count Industries on Friday announced the acquisition of US-based home fashions brand Wamsutta from Beyond for around Rs 86 crore. This acquisition, which closed on April 18, strengthens Indo Count's brand portfolio, and elevates its position in the premium market segment, the company said in an exchange filing.

An arbitrator has rejected broadband technology company Sterlite Technologies’ claims worth Rs 145 crore against BSNL in an optical fibre cable laying project, a regulatory filing said on Friday. Sterlite Technologies (STL) said that it is evaluating options to challenge the award of the arbitrator. The Arbitration was before Justice Badar Durrez Ahmed , former Chief Justice Jammu and Kashmir HC.

European stocks declined for a third straight week due to geopolitical tensions and worries about higher-for-longer interest rates. L’Oreal SA rallied after better-than-expected quarterly sales. The Stoxx Europe 600 Index was little changed by the close, after earlier dropping as much as 0.9%. The index still fell more than 1% on the week.

Gujarat Hotels announced their Q4 FY24 results on 18 Apr, 2024, revealing a 1.35% decrease in revenue but a 7.91% increase in profit year-over-year. In comparison to the previous quarter, the company saw a 2.57% growth in revenue and a 10.98% increase in profit. The Selling, general & administrative expenses showed a significant decline of 11.63% quarter-over-quarter and a 21.33% decrease Y/Y.

The Government of India is open to a minority stake sale in General Insurance Corporation of India (GIC) and Life Insurance Corporation of India (LIC) in the financial year 2024/25 after assessing investor appetite, a government source told Reuters on Friday. The government has received good feedback in investor roadshows for GIC.

Zomato has received a GST demand and penalty order of Rs 11.81 crore, for the period from July 2017 to March 2021, the company announced on April 19. The order consists of Rs 5.9 crore GST demand and a penalty of Rs 5.9 crore. Zomato said it would file an appeal against the order before the relevant appellate authority. Shares of Zomato closed 1.78% higher at Rs 188.50 on NSE on April 19.

Indian airlines’ flight operations to Dubai have been impacted, with Air India, Air India Express and SpiceJet either cancelling or rescheduling their services due to restrictions at the busy airport in the Emirates. There is substantial air traffic between India and the UAE, especially Dubai, which is also one of the world’s busiest airports.