POST MARKET
The Indian equity markets remained under pressure on April 30 weighed down by rising geopolitical tensions and a spike in Brent crude prices to wartime high.
Among sectors except IT, all other sectoral indices ended in the red with Metal index declined 2%, while PSU Bank, Private Bank, Consumer Durables, Realty down 1% each
In the broader market, the Nifty midcap index shed 1 percent and smallcap index fell 0.5 percent.
STOCKS IN NEWS
Vedanta
Vedanta shares adjusted downward by 63 percent after ex-demerger price discovery. Shareholders as of May 1 will get one share in each new entity. Aluminium, power, oil & gas, steel businesses will be demerged.
Bajaj Auto
Stock of Bajaj Auto rosemore than 5 percent due to The Board of Directors of the Company will consider a proposal for buyback of fully paid-up equity shares of the Company and other matters necessary and incidental thereto, at its meeting to be held on 06 May 2026.
Meesho
Meesho shares rose 12 percent in Thursday’s trade after JP Morgan initiated coverage on the e-commerce platform with an ‘Overweight’ rating and set a price target of Rs 215 per share.
Indian Hume Pipe Company
Indian Hume Pipe Company Share Price rose more than 1 percent due to The company won an order for execution of work on water supply improvement scheme in Telangana.
Source – Moneycontrol
