News for Aster DM Healthcare Limited (ASTERDM.NS)

The merged entity will be jointly controlled by Aster Promoters and Blackstone

Aster DM Healthcare and QCIL seek CCI approval for merger, reshaping India's healthcare landscape with combined strengths.

Baron India Fund declined in the fourth quarter of 2024, outperforming its benchmark, the MSCI AC Asia ex Japan/India Linked Index. Read more here.

BNP Paribas favours sectors with strong growth prospects like private sector banks, IT

Hotel and airline stocks plunged up to 6.4% as India confirmed three Human Metapneumovirus (HMPV) cases. The news revived COVID-era fears, triggering sharp declines in hospitality and aviation shares, with notable drops in The Indian Hotels Company and Interglobe Aviation.

Buzzing stocks, Stocks to watch today: Aster DM, ITC, Cochin Shipyard. Ashok Leyland, Aviation stocks, Biocon, ONGC, KEC International, Adani Enterprises, HG Infra, Brightcom, Protean eGov, Dixon Tech, RBL Bank, Bajaj Finance, Power Mech, Religare, TVS Srichakra, Paisalo, Tech Mahindra, REIT/InVIT

The merged entity, Aster DM Quality Care Limited, will have a combined portfolio of four leading brands: Aster DM, CARE Hospitals, KIMSHEALTH and Evercare. It will have a of network of 38 hospitals and 10,150+ beds spread across 27 cities.

Baron India Fund (I) gained 6.33% during Q3 2024, while its benchmark index was up 3.96%. Click here to read the full commentary.

Nifty50 recorded its best day in three weeks on Monday, breaking a five-session losing streak. Strong earnings from ICICI Bank and other lenders boosted banking stocks. Analysts believe the counter-trend pullback rally can continue towards 24,900-24,930, with support at 24,200-24,000.

The Nifty formed a long bearish candle, indicating ongoing pressure. A minor pullback or sideways consolidation may occur in the next one to two days. Support is at 24,100 and 24,000, while immediate resistance is at 24,450–500, with crucial resistance at 24,700–750. Open interest data shows the highest call OI at 24,400 and 24,300, with put OI at 24,200.

Indian benchmark equity indices, Sensex and Nifty50, recorded their biggest single-day decline in nearly three weeks, dragged down by slowing corporate earnings and ongoing foreign selling.

Nifty50 and Sensex ended lower due to weak earnings and renewed profit-booking. Key resistance and support levels indicate heightened volatility, while mixed bullish and bearish signals show a rangebound market. High activity and varied interests are noticeable across different stocks, revealing a cautious market sentiment.

Nifty ended Friday's session with an 84-point gain and formed a rounding bottom pattern on the daily chart, signaling strength. This breakout suggests the index could rise towards 25,500 in the short term. If Nifty maintains levels above 25,500, it might advance towards the 26,000-26,250 range, aligning with the rounding bottom pattern target, according to Hrishikesh Yedve of Asit C Mehta Investment Intermediates.

Baron New Asia Fund increased in the second quarter of 2024, outperforming its benchmark, the MSCI AC Asia EX Japan Index. Click here to read the full fund letter.

In 2024 so far, the Nifty MidCap and SmallCap indices have slid to the 100-DMA in times of a market correction, show charts; check key levels here

Indian shares fell on Monday, following losses in Asian markets, as investor sentiment was subdued after Iran's retaliatory attack on Israel over the weekend spurred fears of a wider regional conflict. The NSE Nifty 50 fell 1.1% to 22,272, while the S&P BSE Sensex lost 1.14% to 73,399, at close.

Anand Rathi Wealth reported about 33 per cent year-on-year growth in net profit at Rs 56.6 crore for the quarter ended March FY24.

A short build-up was seen in 96 stocks, including Page Industries, Sun Pharmaceutical Industries, GNFC (Gujarat Narmada Valley Fertilizers & Chemicals), Bandhan Bank, and Maruti Suzuki India.

Stocks to watch: Check out the companies making headlines before the opening bell today, on March 28, 2024.