Page 1046 - Markets News
This smallcap stock has zoomed 87% in 8 days; skyrocketed 10,889% in 4 yrs!
Shares of PTC Industries hit a new high of Rs 14,950, as they surged 19 per cent on the BSE in Friday's intraday trade
 "This smallcap stock has zoomed 87% in 8 days; skyrocketed 10,889% in 4 yrs!")
Dixon Technologies hits record high on Friday; Co clarifies capex plans
Dixon Technologies said the company, on an average incurs capex of Rs 500 - 600 crore yearly on its capacity building
 "Dixon Technologies hits record high on Friday; Co clarifies capex plans")
EIH Associated Hotels greenlights bonus share issue; Stock surges 9%
Shares of EIH Associated Hotels, the flagship company of the Oberoi Group soared up to 9.4 per cent at Rs 925 per share
 "EIH Associated Hotels greenlights bonus share issue; Stock surges 9%")
Nalco executes mining lease deed with Odisha government; stock gains 4.5%
Nalco share: The mines have an annual production capacity of 3.5 million tonnes and have reserves estimated at 111 million tonnes
 "Nalco executes mining lease deed with Odisha government; stock gains 4.5%")
GMR Airports hits 52-week high; up 34% from June 4 low on healthy outlook
In upside scenario, Jefferies expects Airport traffic to growth at CAGR of 15% over FY24-FY27e and higher increase in Aero tariffs and expect EBITDA to grow by 40% CAGR over FY24-FY27e.
 "GMR Airports hits 52-week high; up 34% from June 4 low on healthy outlook")
RITES gains 6% on signing MoU with Delhi Metro; share soars 79% in 1 yr
RITES Ltd has signed a MoU with DMRC for collaboration in comprehensive operations and management projects of Metro Railway Systems in India and abroad
 "RITES gains 6% on signing MoU with Delhi Metro; share soars 79% in 1 yr")
Defence stocks rally up to 18% as Union Minister sets 5 yr export target
Shares of defense companies soared up 17.6 percent on the BSE in Friday's intraday deals
 "Defence stocks rally up to 18% as Union Minister sets 5 yr export target")
DCX Systems share price jumps 9% on bagging multiple orders; check details
Shares of DCX Systems rose up to 8.75 per cent at Rs 348.80 per share on the BSE in Friday's intraday deals
 "DCX Systems share price jumps 9% on bagging multiple orders; check details")
LIC rallies 6% on heavy volumes; stock inches towards record high
The stock hit an intra-day high of Rs 1,062.60 on Friday, and has bounced back 21 per cent from last week's low of Rs 880.70 touched on June 4.
 "LIC rallies 6% on heavy volumes; stock inches towards record high")
MF reclassification ahead: Hero Moto, SBI Card in focus; key levels here
As per reports seven stocks are likely to witness a switch from largecap to midcap classification and vice versa; here's what the chart suggests for select five stocks.
 "MF reclassification ahead: Hero Moto, SBI Card in focus; key levels here")
Tata Elxsi, Red Hat ink pact to boost telco network monetisation; stk up 2%
The uptick in share price came after Tata Elxsi announced that it has collaborated with Red Hat to boost telecom network monetisation
 "Tata Elxsi, Red Hat ink pact to boost telco network monetisation; stk up 2%")
L&T Finance extend gains as Morgan Stanley buys stake; up 8% in two days
Shares of L&T Finance extended their gains on Friday, rising 4.5 per cent at Rs 183.20 per share on the BSE in Friday's early morning deals
 "L&T Finance extend gains as Morgan Stanley buys stake; up 8% in two days")
Stock of this wellness company has zoomed 69% from 52-wk low in 3 days
Shares of Kaya hit a 52-week high of Rs 451.15, as they surged 16% in Friday's intra-day trade, surpassing its previous high of Rs 395.90 touched on August 10, 2023.
 "Stock of this wellness company has zoomed 69% from 52-wk low in 3 days")
SCI share price up 4% after in-principle nod for GIFT City subsidiary
The surge in stock price came after Shipping Corporation of India said that it has been granted in-principle approval to form a wholly-owned subsidiary at GIFT City
 "SCI share price up 4% after in-principle nod for GIFT City subsidiary")
Govt bond yields extend losses tracking US yields on rate cut bets
The futures market is pricing in 50 basis points of rate cuts this year, according to the CME FedWatch tool
 "Govt bond yields extend losses tracking US yields on rate cut bets")
Puravankara hits 52-week high as board approves fund raise of Rs 1000 cr
Shares of real estate firm Puravankara reached their 52 week high at Rs 449 per share, rising 3.2 per cent on the BSE in Friday's early morning trades
 "Puravankara hits 52-week high as board approves fund raise of Rs 1000 cr")
Praj, Delta Corp: Trading strategies for 5 overbought NSE smallcap stocks
Outlook on Nifty smallcap stocks: Delta Corp, Eris Life, Praj and Usha Martin can rally up to 28 per cent, while Symphony may witness a corrective move in the near-term; suggests technical charts.
 "Praj, Delta Corp: Trading strategies for 5 overbought NSE smallcap stocks")
Nestle, VBL, Godrej Cons: Nuvama picks these FMCG stocks on robust outlook
The rural markets have outpaced urban demand, registering a 7.6 per cent increase compared to a 5.7 percent rise in urban areas, in the March quarter of FY24
 "Nestle, VBL, Godrej Cons: Nuvama picks these FMCG stocks on robust outlook")
Endurance soars 20%; stock zooms 51% in 1 month on solid Q4 earnings
The management is positive on growth across segments and expects decent growth, going ahead, led by robust orderbook.
 "Endurance soars 20%; stock zooms 51% in 1 month on solid Q4 earnings")
Suven Pharma stock rises 6% on nod to acquire Sapala Organics for Rs 230 cr
The surge came after Suven Pharmaceuticals said that it has entered into a definitive agreement to acquire a controlling stake of Sapala Organic for Rs 229.5 crore, in an all cash deal
 "Suven Pharma stock rises 6% on nod to acquire Sapala Organics for Rs 230 cr")