Page 1020 - Markets News
Indian firms increased forex hedging in volatile election-results week
Importers bought foreign exchange forward contracts worth $9 billion last week, a more than 70 per cent jump from the same period a year before
 "Indian firms increased forex hedging in volatile election-results week")
Aavas, HUDCO: Shares of housing finance firms zoom up to 11%; here's why
Affordable Housing remains a focused segment with high operational intensity and companies with mono-product focus can deliver better outcomes in the long run.
 "Aavas, HUDCO: Shares of housing finance firms zoom up to 11%; here's why")
IndiGo shares fall over 4% after 11 mn shares change hands via block deal
IndiGo block deal: Reports suggest Rahul Bhatia-led InterGlobe Enterprises was the likely seller of its 2 per cent stake
 "IndiGo shares fall over 4% after 11 mn shares change hands via block deal")
Gopal Snacks zooms on new product launch; stock falls 17% from issue price
Gopal Snacks stock price surged after the company launched a new product in the wafers category under its brand "Cristos"
 "Gopal Snacks zooms on new product launch; stock falls 17% from issue price")
Tata Motors turns net debt free in FY24; shares recover 2.5% from lows
The presentation also highlighted that Jaguar Land Rover (JLR) is on course to achieve net debt-free status in the financial year 2025 (FY25)
 "Tata Motors turns net debt free in FY24; shares recover 2.5% from lows")
Block deal: Mamaearth slides 5% after 6.6 mn shares change hands
Shares of Honasa Consumer, parent company of Mamaearth dropped by 4.8 per cent at Rs 435.05 per share on the BSE in Tuesday's early morning trades
 "Block deal: Mamaearth slides 5% after 6.6 mn shares change hands")
Tata Chemicals share price jumps 3% after ANSAC raises soda ash prices
Shares of Tata Chemicals soared by 3.1 per cent at Rs 1,120 per share on the BSE in Tuesday's intraday trade
 "Tata Chemicals share price jumps 3% after ANSAC raises soda ash prices")
Repco Home shares drop over 2% on CFO resignation; up 28% in 3 months
The fall came after the company announced that K Lakshmi tendered her resignation as chief financial officer (CFO)
 "Repco Home shares drop over 2% on CFO resignation; up 28% in 3 months")
This infra stock has zoomed over 100% in 1 year; Elara sees more upside
Hindustan Construction Company rallied 15% to Rs 45.62 amid heavy volumes as Elara Capital initiated coverage on the stock with a 'Buy' rating
 "This infra stock has zoomed over 100% in 1 year; Elara sees more upside")
Paytm, Zomato: Key levels to track on new-age stocks amid F&O entry buzz
New-age stocks such as PolicyBazaar, Nykaa and Delhivery too may be included in the F&O segment as Sebi proposes key changes in stock selection.
 "Paytm, Zomato: Key levels to track on new-age stocks amid F&O entry buzz")
Stable govt, policy continuity, Budget: Why Nomura is positive on India
The confidence stems from the NDA government taking charge at the Centre which, Nomura believes, appears to be stable, primarily due to the major number of seats held by BJP in the coalition govt
 "Stable govt, policy continuity, Budget: Why Nomura is positive on India")
CBI searches PNC Infra offices, summons MD Yogesh Jain; stock slips 10%
ICICI Securities believe there could be an interim overhang until there is clarity and final decision from NHAI is taken.
 "CBI searches PNC Infra offices, summons MD Yogesh Jain; stock slips 10%")
JBM Auto rallies 4% on inking pact with MUON India for 2,000 electric buses
Macquarie Group has rolled out 'Vertelo,' an EV financing platform in India, offering financing, fleet management, and charging infrastructure solutions
 "JBM Auto rallies 4% on inking pact with MUON India for 2,000 electric buses")
IRB Infra block deal: Stock drops 9% after over 600 mn shares change hands
Reports suggested Cintra, a toll road subsidiary of the Dutch major Ferrovial, was looking to sell up to 5 per cent stake in IRB Infrastructire Developer
 "IRB Infra block deal: Stock drops 9% after over 600 mn shares change hands")
This defense stock soared 114% in last six months, rallied 214% in one year
Shares of PTC Industries, an Indian defense manufacturing company rose 5.2 per cent at Rs 11,753.95 per share on the BSE in Tuesday's early morning trades
 "This defense stock soared 114% in last six months, rallied 214% in one year")
Govt bond yields little changed ahead of US inflation data, Fed meet
India consumer inflation likely snapped a four-month downward trend in May due to rapidly rising food costs
 "Govt bond yields little changed ahead of US inflation data, Fed meet")
Crude oil strategy for June 11: Trend remains weak, WTI eyes support at $76
Oil prices are moving higher after posting three straight weekly declines following Opec+ decision on June 2
 "Crude oil strategy for June 11: Trend remains weak, WTI eyes support at $76")
RVNL share price surge 3% on multiple order wins; up 52% in 3 months
The uptick in share price came after the state-owned railway company secured multiple orders on June 10, after market hours
 "RVNL share price surge 3% on multiple order wins; up 52% in 3 months")
These 3 F&O stocks have seen up to 35% long buildup; trading guide here
In the last four days, one out of every 3 futures & options stocks has gained more than 10 per cent as the Nifty surged 6.3 per cent in the post Lok Sabha 2024 verdict cheer.
 "These 3 F&O stocks have seen up to 35% long buildup; trading guide here")
Stocks to Watch, June 11: IndiGo, Siemens India, PTC Industries, APL Apollo
Stocks to Watch today: Rahul Bhatia's promoter entity, InterGlobe Enterprises, is expected to off load around 2 per cent stake in IndiGo Airlines through a block deal on Tuesday
 "Stocks to Watch, June 11: IndiGo, Siemens India, PTC Industries, APL Apollo")