Sensex surges 150 pts, Nifty tests 10,450; Jet Airways drops 9%

Tata Motors stock hits 52-week low post Q4 nos; CLSA, Jefferies, Morgan Stanley slash targets by 10-16%

Here are the stocks which are in news today:
GAIL India, Pidilite Industries, United Spirits, United Breweries, Cummins India, City Union Bank, NCC, Cochin Shipyard, MOIL, Gujarat Alkalies, Zydes Wellness, Elgi rubber, V-Mart Retail, Heidelberg Cement, Kaveri Seed, Heritage Food, Sudarshan Chemical, Time Technoplast, Maharasthra Seamless, LT Foods, Somany Ceramics, Granules India, JMC projects, Ramco Industries, GIPL, Asian Star, Honda Siel, Sequent Scientific, Camlin Fine, Triveni Eng, Sundaram Finance Holding, DISA India, Ajmera Realty, Amrutanjan Health, Man industries, Goodricke, Mangalore Chemicals, Allsec Tech, Andhra Petro, Gokaldas Exports, Birla Cable, Saurashtra Cement

Kaveri Seed surges 4% as Mohnish Pabrai picks stake in company
Shares of Kaveri Seed advanced over 4 per cent in Thursday’s early trade after the US-based investor Mohnish Pabrai’s fund, Pabrai Investment Fund II LP, bought 7.8 lakh shares, or 1.2 per cent stake, in hybrid seed maker on Wednesday, bulk deal data on the National Stock Exchange of India’s website showed. Pabrai’s fund bought the shares at Rs 487.2 per share.

Top brokerages cut Tata Motors target price post Q4
Tata Motors skidded 5 per cent on Thursday morning as its net profit took a big knock. The auto major on Wednesday registered a fall of 49.82 per cent in consolidated net profit at Rs 2,176.16 crore for the March quarter. Its British arm JLR faced a bumpy ride as it continued to face challenges in the UK and Europe. One-time impairment charge too dented the earnings show. It had posted a net profit of Rs 4,336.43 crore in the same period last year.

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