Page 1028 - Markets News
Bansal Wire IPO opens on July 03; check price band, GMP, should you bid?
The Bansal Wire IPO subscription period opens on July 3, 2024, and closes on July 5, 2024
 "Bansal Wire IPO opens on July 03; check price band, GMP, should you bid?")
CDSL shares fall after announcing 1:1 bonus issue of equity shares
Shares of Central Depository Services Limited (CDSL) fell 2.8 per cent at Rs 2,368 per share on the NSE in Tuesday's intraday trade. This came after the company recommended issuing bonus shares
 "CDSL shares fall after announcing 1:1 bonus issue of equity shares")
Hindenburg receives show cause notice from Sebi over Adani issue
The short seller alleges 'surreptitious aid' to Adani Group by Sebi
 "Hindenburg receives show cause notice from Sebi over Adani issue")
L&T's shares rally on reports of order win worth $4 bn from Saudi Aramco
On Tuesday, the shares of Larsen Toubro soared up to 3 per cent at Rs 3,634 per share on the BSE in intraday trade.
 "L&T's shares rally on reports of order win worth $4 bn from Saudi Aramco")
HDFC Bank up 2%, nears record high; stock up 19% from June low
The stock hit a high of Rs 1,734.90 in intra-day deals on Tuesday, and was seen inching towards its record high of Rs 1,757.80 touched on July 3, 2023.
 "HDFC Bank up 2%, nears record high; stock up 19% from June low")
Crude Oil: Check key trading strategy on July 02, target price and more
Crude oil prices at $83.50, hover near two months high driven by the renewed geo-political risk in the middle east and red sea region along with the threat of Hurricane Beryl
 "Crude Oil: Check key trading strategy on July 02, target price and more")
CSB Bank stock up 7% on steady growth in advances, total deposits in Q1FY25
Shares of CSB Bank soared up to 7.2 per cent at Rs 402 per share on the BSE in Tuesday's intraday trade
 "CSB Bank stock up 7% on steady growth in advances, total deposits in Q1FY25")
How to trade Adani stocks amid Hindenburg-Sebi row? Here's what charts say
Adani group shares such as Adani Enterprises, Ambuja Cements, Adani Power and ACC seem favourably placed on the charts, and can potentially rally up to 22 per cent from current levels.
 "How to trade Adani stocks amid Hindenburg-Sebi row? Here's what charts say")
Pennar Industries hits 52-week high on establishing plant in Rae Bareli
The uptick in stock price came after the company announced that it is expanding its manufacturing operations in the Northern part of India by establishing a new manufacturing plant at Raebareli, UP
 "Pennar Industries hits 52-week high on establishing plant in Rae Bareli")
Godrej Properties jumps 5% on upbeat sales in Bengaluru; stock at new high
The company announced that it has sold over 2,000 homes worth over Rs 3,150 crore in its project, Godrej Woodscapes, located in Whitefield-Budigere Cross, Bengaluru.
 "Godrej Properties jumps 5% on upbeat sales in Bengaluru; stock at new high")
Cost of capital to slide as demand for bonds to exceed supply: Axis Capital
At present, the spread between the 10-year benchmark bond yield and similar tenor state debt yield is around 31-35 basis points
 "Cost of capital to slide as demand for bonds to exceed supply: Axis Capital")
Govt bonds remain unchanged amid rising selloff in US Treasury yields
Investors have raised bets that former President Donald Trump may out beat US President Joe Biden at the elections due in November, especially after last week's debate
 "Govt bonds remain unchanged amid rising selloff in US Treasury yields")
Divine Power Energy makes stellar mkt debut, lists at 288% premium on NSE
Divine Power Energy Ltd (DPEL) made a stellar debut on the NSE Emerge platform today, listing at Rs 155 per share, a premium of 288 per cent over issue price of Rs 40
 "Divine Power Energy makes stellar mkt debut, lists at 288% premium on NSE")
Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results
Given the bottoming out of revenue growth rate, analysts expect the earnings per share (EPS) downgrade cycle to come to an end for the sector
 "Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results")
This stock has zoomed 200% in 1 year, touched Rs 1 trillion market cap
Shares of Solar Industries India hit a new high of Rs 11,186.20, as they rallied 11 per cent on the BSE in Tuesday's intra-day trade on healthy business outlook.
 "This stock has zoomed 200% in 1 year, touched Rs 1 trillion market cap")
IOLCP's stock rallies 10% after securing nod for cholesterol drug
The stock price jump came after the company got China's drug regulatory authority NMPA's nod for cholesterol drug Fenofibrate, allowing the company to export it to the Chinese market
 "IOLCP's stock rallies 10% after securing nod for cholesterol drug")
Welspun Specialty stock zooms 9% after securing contract worth Rs 117 cr
The share price soared after the company announced that it has secured a contract worth Rs 117.17 crore for supply of seamless stainless steel boiler tubes
 "Welspun Specialty stock zooms 9% after securing contract worth Rs 117 cr")
ISMT share price rallies 4% after Maharashtra solar plant installation
The uptick in share price came after the company announced that it has completed the installation of a 35 MW DC capacity solar plant worth Rs 138 crore at Maharashtra
 "ISMT share price rallies 4% after Maharashtra solar plant installation")
Allied Blenders and Distillers lists at 14% premium to issue price
Shares of Allied Blenders and Distillers listed at Rs 320, a 14 per cent premium over its issue price of Rs 281 per share on the National Stock Exchange on Tuesday.
 "Allied Blenders and Distillers lists at 14% premium to issue price")
This aerospace & defence stock skyrocketed 16% in a day, 36% in one month
Shares of DCX Systems rose 16 per cent hitting its 52-week high at Rs 440.40 per share on the BSE in Tuesday's intraday deals.
 "This aerospace & defence stock skyrocketed 16% in a day, 36% in one month")