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RIL, banks lift Sensex 246 pts, Nifty tops 16,300; Rupee ends at 79.95/$

CLOSING BELL: The steady depreciation in the value of the rupee against the US dollar is likely to prove expensive for corporate India

Stock of this consulting services company has zoomed 594% thus far in 2022

Gensol Engineering was locked at 5 per cent upper circuit band for a third straight day

GE Shipping rallies 11%; stock hits 52-week high on heavy volumes

Crude tanker freight rates remained around opex levels for most of the year in FY22 but experienced a sudden spurt starting end-Feb 2022 due to the Russia-Ukraine conflict.

TVS, Eicher Motors hit 52-week highs on healthy growth prospects

Shares of TVS Motor and Eicher Motors have rallied up to 20 per cent each in the last one month as against a 6 per cent rise on the Sensex.

Tube Investments gains 4% as arm acquires majority stake in an EV startup

The company to buy 65.2 per cent stake in lPL Tech Electric Private Limited a startup engaged in manufacturing and sale of electric heavy commercial vehicles.

Sensex zooms 760 pts, Nifty tops 16,250; IT index up 3%, HDFC Bank dips 1%

CLOSING BELL: The frontline indices climbed on the back of gains in Infosys, ICICI Bank, Kotak Bank, TCS, Axis Bank, L&T, SBI, and Reliance Industries

Textile shares rally; VTL, Himatsingka, Nitin Spinners surge up to 19%

According to media reports, cotton price is expected to dip to Rs 60,000 per candy by December 2022 because of the slump in demand and the wait-and-watch strategy of the market players

L&T gains 3% as realty arm signs 3 projects worth $1 billion in MMR

L&T Realty has entered into a binding agreement to jointly develop projects in South Mumbai, Western Suburbs and Thane worth Rs 8,000 crore, with development potential of 4.4 million square feet.

Quick Heal zooms 20% as board to consider share buyback on July 21

In 2019 and 2021, Quick Heal had bought back 6.33 million equity shares each via tender offer.

Luggage stocks in focus: Safari, VIP Inds surge up to 7% on demand revival

Analysts expect that the travel sector is poised for a resurgence on the back of demand revival and increase in consumers confidence.

Bharat Electronics rallies 5% post Q1 results, strong order book position

With the healthy order book at Rs 55,333 crore, strong pipeline of orders and better margin profile, BEL is well placed to grow its earnings in double digits in the next couple of years, analyst say.

This beaten down stock of a jewellery company has zoomed over 100% in July

PC Jeweller was locked at the 10 per cent upper circuit band, at Rs 47.35, on Friday. The stock has zoomed 106 per cent from a level of Rs 23 touched on June 30, 2022

Sensex snaps 4-day losing run, up 345 pts; Nifty tops 16K; Auto, FMCG lead

CLOSING BELL: Tata Consumer Products, Titan, Eicher Motors, HUL, Tata Motors, Maruti, M&M, Nestle India, HDFC, L&T, and BPCL topped the charts

Birlasoft dips 11% in 2 days after stk turns ex-date for buyback, dividend

The board of Birlasoft, on May 23, 2022, had approved buyback of up to 7.8 million equity shares of Rs 2 each of the company at a price of Rs 500 per share through the tender offer

Adani Enterprises hits record high on healthy outlook; rallies 11% in July

In the past six months, it has surged 28 per cent as against 12 per cent decline in the S&P BSE Sensex

RIL, ONGC gain amid report govt may lower windfall tax on fuel on Friday

On the bourses, shares of RIL jumped 2.4 per cent in the intra-day trade, while those of ONGC rose 6.4 per cent.

NMDC hits 52-week low on weak earnings concerns; declines 7% in three days

EBITDA margin for Q1FY23E is likely to come in at 33.3 per cent as against 40 per cent in Q4FY22, said ICICI Securities

TCS hits 52-week low; slips 9% in one week on Q1 margin disappointment

HSBC Securities believe relative premium to the market and likely slowdown in revenue growth will continue to restrict upside for IT stocks in the near term

Monte Carlo hits record high; stock surges 16% in a week on robust Q1 sales

The company said it continues to witness encouraging trends via their online channels, and remains confident of their long term sustainable and profitable growth ahead

Paytm hits over three-month high; stock surges 36% in two months

Despite its sharp run-up in the past two months, Paytm has underperformed the market by falling 34 per cent in the last six months as against a 12 per cent decline on the Sensex