Today’s top morning headlines - 8th May 2024

Good afternoon

Top gainer: BPCL 621 ▲ 16 (+2.8%)
Top losers: Dr Reddy : 6,045 ▼ 212 (-3.4%)

:star: REC & PFC erase all the losses as potential RBI guidelines may not impact them
Shares of REC & PFC are trading 5.5% & 4.5% high on Wednesday after REC’s management clarified that new guidelines by RBI on increasing curb on project finance will not affect REC as majority of advances are disbursed to government backed projects.

:star:Sonata Software falls 14% on poor Q4FY24 results
Shares of Sonata Software witnessed a sharp fall of over 14% today. As a result, the stock has slipped to a 7-month low. The fall in the stock price was mainly due to the company reporting a sequential fall in its net profit for the quarter ending on March 31, 2024. The shares of Sonata Software have tumbled more than 25% in calendar year 2024 so far.

:star: BPCL & HPCL rally nearly 3% ahead of Bonus issue
India’s leading oil marketing companies Bharat Petroleum & Hindustan Petroleum will hold a board meeting on 09 May 2024 to consider bonus issues. Here is the history of bonus issues given by these companies. Read more